Ice Skating Equipment Market will Account for Revenues Worth US$ 500 Mn By 2022

Ice skating is observed in several snow clad regions around the world. Ice skating equipment market is impacted by several factors which directly have relation with the growth of the market. The increasing number of people choosing ice skating either for leisure or thrill, rising ice skating sports, the increasing number of waterless ice skating arenas, rising eco ice skating rinks especially in the emerging economies, rising disposable income, new innovations in equipment used in ice skating, exercise and health benefits from ice skating and rising artificial ice skating arenas for people are few of the aspects which have a positive impact on the ice skating equipment market. The rise in ice skating due to these factors has led to an increased consumption and demand for equipment used in ice skating which has in turn spurred the global ice skating equipment market. Developed economy of North America shows higher market attractiveness for the ice skating equipment market.

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The global ice skating equipment market is anticipated to show a value of more than US$ 500 Mn and is expected to grow at a higher rate during the period of forecast of 2017 to 2022.

6 Forecast Highlights on Global Ice Skating Equipment Market

• Hockey skates segment by product type shows dominance in terms of higher market share of about 15% and poised to grow at a moderate growth rate. The touring skates segment also shows a similar growth rate but a low market share

• Recreational skates segment is poised to grow at the highest growth rate and is poised to register a CAGR of 6.2% throughout the period of forecast. This segment also expected to gain highest BPS by the end of 2022, but experiences a low market share

• Men and kids segment by demographics are meant to grow alongside showing similar growth rates throughout the period of forecast 2017 to 2022. The women segment shows less speed in growth as compared to these segments the men segment, however, dominates the global  ice skating equipment market by demographics

• The economy segment by price range has a higher market share than any other segment in this category and hence dominates the market. Super premium segment by price range is poised to grow at the highest growth rate and anticipated to reflect a CAGR of 5.9% throughout the period of forecast

• Premium segment and the mid-range segment by price range show similar growth rates. But the premium segment shows higher market share than the mid-range segment. It is also expected that the premium segment will gain higher BPS than the mid-range segment by the end of 2022

• Specialty stores segment by channel dominates the global market in terms of market share as well as growth rate. The segment is poised to show a robust growth rate and register a CAGR of 6% throughout the period of forecast. It is also likely to gain the highest BPS by the end of 2022