Global Ice Hockey Sticks Market, By Material Type (Composite, Wood, Hybrid), Player Level (Professional, Amateur, Youth), Distribution Channel (Online/offline) - Industry Trends and Forecast to 2031.
Ice Hockey Sticks Market Analysis and Size
The growth of the ice hockey sticks market can be attributed to increase in participation of players in ice hockey and rising availability of synthetic ice arenas are the major factors anticipated to drive the market. Additionally, favourable government initiatives to promote ice hockey is expected to increase the participation rate, thereby propelling market growth during the forecast period.
Data Bridge Market Research analyses that the global ice hockey sticks market, which was USD 625.80 million in 2023, is expected to reach USD 967.71 million by 2031, growing at a CAGR of 5.6% during the forecast period of 2024 to 2031. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Million, Pricing in USD, Volumes in Units
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Segments Covered
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Material Type (Composite, Wood, Hybrid), Player Level (Professional, Amateur, Youth), Distribution Channel (Online/offline)
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Countries Covered
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(U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa)
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Market Players Covered
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Bauer Hockey (U.K.), CCM Hockey (Canada), Warrior Sports (U.S.), Sherwood Hockey (Canada), True Hockey (U.S.) among others.
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Market Opportunities
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Market Definition
Ice hockey sticks are specialized equipment used in the sport of ice hockey. They are typically made of composite materials such as carbon fiber or fiberglass, although some sticks are still made of wood. The design of a hockey stick includes a long shaft with a blade at one end.
Ice Hockey Sticks Market Dynamics
Drivers
- Growing Popularity of Ice Hockey
The overall popularity and growth of ice hockey as a sport significantly influence the demand for hockey equipment, including sticks. As participation rates increase globally, so does the demand for quality hockey sticks.
- Growing Technological Advancements
Manufacturers constantly innovate to develop sticks with improved materials, designs, and features that enhance performance. Advancements such as lighter materials, better flex profiles, and improved blade technology attract players looking to upgrade their equipment, driving market demand
Opportunities
- Growing E-commerce and Online Retail
The growth of e-commerce has made hockey equipment more accessible to consumers worldwide. Online platforms offer a wide selection of products, competitive pricing, and convenient purchasing options, driving overall market growth.
- Growth in Female Participation
The increasing participation of women and girls in ice hockey has led to a growing market segment for female-specific equipment, including sticks designed to accommodate differences in size, strength, and playing style.
Restraints/Challenges
- High Cost
High-quality ice hockey sticks can be expensive, particularly those featuring advanced materials and technologies. The cost of premium sticks may deter budget-conscious consumers, especially amateur and recreational players.
- Competition from Other Sport
Ice hockey competes with other popular sports for participants and resources. Some potential plaers may choose other sports with lower equipment costs or greater accessibility, limiting the growth of the ice hockey sticks market.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Ice Hockey Sticks Market Scope
The market is segmented on the basis of material type, player level and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material Type
- Composite
- Wood
- Hybrid
Player Level
- Professional
- Amateur
- Youth
Distribution Channel
- Offline
- Online
Ice Hockey Sticks Market Regional Analysis/Insights
The market is analysed and market size insights and trends are provided by country, material type, player level and distribution channel as referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
North America dominated the market with due to increasing influence of Social media and marketing, effective marketing strategies, including social media campaigns, influencer partnerships, and targeted advertising, play a significant role in shaping consumer preferences and driving sales within the hockey equipment market.
North America is the fastest growing region in this market due to growth of e-commerce which has made hockey equipment more accessible to consumers worldwide. Online platforms offer a wide selection of products, competitive pricing, and convenient purchasing options, driving overall market growth.
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ice Hockey Sticks Market Share Analysis
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Some of the major players operating in the market are:
- Bauer Hockey (U.K.)
- CCM Hockey (Canada)
- Warrior Sports (U.S.)
- Sherwood Hockey (Canada)
- True Hockey (U.S.)
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