Ice Hockey Stick Market Research, 2031
The global ice hockey stick market was valued at $460.1 million in 2021, and is projected to reach $698.6 million by 2031, growing at a CAGR of 4.2% from 2022 to 2031.
The ice hockey stick market is segmented into Distribution Channel, Type and End User.
Ice hockey sticks are specialized equipment that are used for playing ice hockey. Ice hockey stick were first invented in the 1930’s in Nova Scotia, Canada. The earliest ice hockey sticks were made from birch wood and in the mid 1990’s composite ice hockey sticks were invented and are currently the most commonly used types of ice hockey stick for professional games.
Ice hockey is most commonly played outside on water bodies like lakes or pools in the winter when the water is completely frozen, however, it can also be played on indoor ice hockey arenas called rinks. Most of the professional ice hockey players use carbon fibre composite ice hockey sticks as they are the most flexible, durable, and provide the ability to incorporate features like low and middle kick points. However, carbon fibre ice hockey sticks can be expensive for trainees and minor league players, hence they use sticks made with fiberglass composites which significantly reduces the costs of the sticks while maintaining the majority of the characteristics of premium priced sticks. Wooden sticks are most commonly used by recreational players and younger children as they are very low priced and easy to handle.
Increasing number of national and international ice hockey leagues and tournaments in the world are providing a massive boost the he games popularity. Many consumers are engaging in the sport, which is leading to an increase in the ice hockey stick market size. Furthermore, many brands and companies are investing heavily into these tournaments and leagues as well as with the popular players, forming band deals and campaigns, which is leading to further promotion of ice hockey as well as the ice hockey sticks. However, the lack of proper ice rinks and hotter climatic conditions in many developing countries across the world make it difficult for regular consumers to play ice hockey due to either the unavailability of ice rinks where they reside or due to the very high charges levied for the utilization of the rinks.
The growing popularity of ice hockey in the Asia-Pacific and LAMEA regions due to the upcoming ice hockey teams and leagues in the region will help providing immense growth to the ice hockey stick market in the future. Also, the efforts taken by the sports ministries of various governments to improve their nations ice hockey world ranking will also prove to be a ice hockey stick market demand driver.
Segment review
The ice hockey stick market is segmented on the basis of type, end user, distribution channel, and region. By type, the ice hockey stick market is classified into composite and wood. Depending on end users, the market is categorized into adults and children. According to distribution channels used for sale of ice hockey sticks, the market is segmented into offline and online channels of sale.
Composite sticks are the most commonly used types of ice hockey sticks and thus are the major ice hockey stick market share holders in 2021. Composite sticks are light and flexible which allow for greater mobility and power in the sticks, with the addition of low and middle kick points depending on the player who is using the stick. Furthermore, composite ice hockey sticks allow for player customizations which increase the demand for such sticks.
Adults are the primary users of ice hockey stick, as they are heavily engaged in the sport and use several different stick for practicing and for games. Adult segment is predicted to retain its dominance throughout the ice hockey stick market forecast, however, the, children segment is predicted to have the highest growth due to several children starting to play the sport in their young age.
Offline channels of ice hockey stick purchase is the most popular in 2021, however, the online channels of sale are predicted to have the highest growth during the forecast period. Wide variety, easy availability, easy modes of payment, and doorstep delivery of the sticks are the major reasons for the online channel of sale of the ice hockey stick market in the future.
North America is the largest consumer of ice hockey sticks as it is a very popular sport in the region and is also the national winter sport of Canada. Europe is the second largest due to the severe popularity of the sport in the Nordic region. LAMEA is the predicted to have the significant ice hockey stick market growth during the forecast period due to the improving lifestyle, greater exposure to western sports, and increasing number of facilities and leagues of ice hockey in the region.
Some of the major players analyzed in ice hockey stick industry report are Bauer Hockey, LLC, Birch Hill Equity Partners Management Inc., Bison Hockey Sticks, Canadian Tire Corporation, Limited, Eagle Hockey, Graf Skates AG., Mylec, Inc., New Balance, Vaughn Hockey, and Wm. T. Burnett & Co.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the ice hockey stick market analysis from 2021 to 2031 to identify the prevailing ice hockey stick market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the ice hockey stick market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global ice hockey stick market trends, key players, market segments, application areas, and market growth strategies.
Ice Hockey Stick Market Report Highlights
| Aspects | Details |
 By Distribution Channel |
|
 By Type |
|
 By End User |
|
 By Region |
|
 Key Market Players | Birch Hill Equity Partners Management Inc., GRAF SKATES AG., vaughn hockey, new balance, wm. t. burnett & co., BAUER Hockey, LLC, BISON HOCKEY STICKS, Canadian Tire Corporation Limited, Mylec, Inc., Eagle Hockey |
Analyst Review
Ice hockey is an intensely physical sport that is heavily enjoyed primarily by the citizens of North America and Europe. Most of the consumers of ice hockey sticks are either professional players of the sport or consumers who play ice hockey for fun, recreation, and as a mode of exercise and workout. These types of consumers are primarily attracted to cost-effective sticks, that are also strong and durable. A large number of open lakes and water bodies that freeze during the winters in northern countries and countries with snowfall provide easier access to adequate surfaces for consumers for playing ice hockey.
Ice hockey sticks for casual playing are made of wood or fiberglass composites, as they offer high durability and features at lower rates. Fiberglass composite ice hockey sticks are the most popular amongst kids who are practicing at the intermediate levels as they give the semblance of professional-level ice hockey sticks. Furthermore, the use of customized composite ice hockey sticks for national and international level competitions is highly prevalent.
Ice hockey is gaining traction amongst sports enthusiasts in developing nations due to the fast pace and intense levels of competition in the game. Many countries that are a part of the International Ice Hockey Federation but do not hold any rankings or positions are looking to strengthen their teams in order to improve their nation's standing in the sport, which is providing a major boost to the sport in their respective countries. This will lead to an increase in interest in the sport with many new players entering ice hockey, which will lead to a greater sale of ice hockey sticks thus helping the market achieve growth.
By type, end user, distribution channel, and the region are the key segments of the ice hockey stick market.
2021, is the base year calculated in the ice hockey stick market.
2022-2031 is the forecast period of the ice hockey stick market.
Large Number Of Ice Hockey Leagues In The World, High Interest Amongst Consumers Regarding Ice Hockey, Increase in Sales of Ice Hockey Sticks Across Online Platforms are some of the key trends and drivers in the Ice Hockey Stick Market
North America is the largest consumer of ice hockey sticks as it is a very popular sport in the region and is also the national winter sport of Canada.
The ice hockey stick market is estimated $480.3 million in 2022.
Slovakia, China, South Korea, and Latvia are lucrative markets for ice hockey stick market, growing at a CAGR of 8.6%, 6.8%, 7.1%, and 9.6%, respectively, during the forecast period.
Bauer Hockey, LLC, Birch Hill Equity Partners Management Inc., Bison Hockey Sticks, Canadian Tire Corporation, Limited, Eagle Hockey, Graf Skates AG., Mylec, Inc., New Balance, Vaughn Hockey, and Wm. T. Burnett & Co. are some of the companies hold leading share in the global ice hockey stick market.
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