Global Ice Hockey Equipment Market 2016-2020
About Ice Hockey
Ice hockey is a physical contact team sport played on ice rinks. It is played using ice skates, sticks to shoot the rubber puck, and protective gear. This sport is most popular in Canada and in the northern parts of the US. The sport is governed by the International Ice Hockey Federation (IIHF). It also organizes and manages international ice hockey tournaments across the globe. National Hockey League (NHL) is considered to be the biggest professional league in the world.
Technavio’s analysts forecast the global ice hockey equipment market to grow at a CAGR of 3.99% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global ice hockey equipment market for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of different types of ice hockey equipment to individual consumers, clubs, and sports organizers.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Ice Hockey Equipment Market 2016-2020
Technavio recognizes the following companies as the key players in the global ice hockey equipment market: Adidas, New Balance, Performance Sports, and Sher-Wood.
Other Prominent Vendors in the market are: American Athletic Shoe, GRAF SKATES, Franklin Sports, and Tour Hockey.
Commenting on the report, an analyst from Technavio’s team said: “The helmet is the most important piece of ice hockey protective gear. Since there are no helmets in the market that are completely concussion-proof, many manufacturers are launching helmets with an aim to completely protect players from concussions. In 2014, CCM Hockey, a subsidiary of Adidas, launched the Resistance helmet, one of the most innovative ice hockey helmets in Canada. This helmet has a liner made up of the R.E.D. (Rotational Energy Dampening) system and impact pods. The R.E.D. framework is a line of fluid-filled bladders that help slow down the rotational spin of hockey hits. The market has no helmet that offers complete protection from concussions, the trend of helmet innovation will continue during the forecast period.”
According to the report, one of the key drivers for market growth will be shorter life cycle of sticks. The ice hockey stick is the fastest-growing product segment of ice hockey, next to protective gear. The product's short life cycle is the key reason driving the sticks segment. The wooden stick is most popular among youth and recreational players as it is the cheapest among all stick materials. Wooden sticks are available in the market for as low as $30, while composite sticks start at $100 in the US. However, this type of stick suffers from poor durability as it has low flexibility and stiffness, unlike other materials.
Further, the report states that in North America, especially in the US, more than 95% of professional hockey players are Caucasians playing in NHL. In the US, around 5% of the NHL players were African-American in 2014, compared to other sports like NFL, where 67% of the participants were African-American, and NBA, which had 77% African-American players. Such a lack of participation from the African-American population still remains a big challenge for this market.
Adidas, New Balance, Performance Sports, Sher-Wood, American Athletic Shoe, GRAF SKATES, Franklin Sports, Tour Hockey.
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