Global Ice Hockey Equipment Market
Offline distribution segment of ice hockey equipment occupied 86.6 percent share of the total revenue in 2019. Main reason for sales via offline channel is the occurrence of retail outlets of international manufacturers across the globe. In addition, players need hockey equipment of the correct size & fit to ensure comfort during the play. Online sales of ice hockey equipment are projected to increase at a CAGR of 4.34 percent from 2019 to 2027.
Global key companies are introducing their own websites to present product launches. Owing to the improved penetration of internet services worldwide, key players are focusing on leveraging digital technology to increase their consumer base. Moreover, owing to rise in consumption of mobiles & tablets, numerous sports manufactures are launching their applications to endorse online sales.
Other influences contributing to the segment development are reviews & blogs about the produces on many e-commerce websites by customers who have completed the purchase. This feature is helpful to both the customer & product manufacturers. Moreover, online channels do not need heavy investment as the requirement to maintain an inventory is removed. This is anticipated to boost investment in digital marketing by companies to drive online sales during the forecast period.
In terms of revenue, the market in North America accounted for a share of 71.22 percent in 2019. Majority of the overall sales were driven by Canada as ice hockey is the national sport in the nation. U.S. is another significant country witnessing an increase in participation rate owing to increase in U.S. based championships & tournaments for kids & young adults under 19-8 years of age.
Global Ice Hockey Equipment Market1
The objective of the report is to present a comprehensive analysis of the Global Ice Hockey Equipment Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Ice Hockey Equipment Market dynamics, structure by analyzing the market segments and project the Global Ice Hockey Equipment Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Distribution Channel portfolio, growth strategies, and regional presence in the Global Ice Hockey Equipment Market make the report investor’s guide.
Global Ice Hockey Equipment Market, By Product
• Ice Hockey Protective Gear and Accessories
• Ice Hockey Skates
• Ice Hockey Sticks
Global Ice Hockey Equipment Market, By Distribution Channel
• Offline Retail Stores
• Online Retail Stores
Global Ice Hockey Equipment Market, by Region
• North America
• MEA & Africa
• Latin America
Global Ice Hockey Equipment Market Key Players
• BAUER Hockey, LLC
• Sher-Wood Hockey Inc.
• Franklin Sports Inc.
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