1. Global Hockey Market Insight Analysis
The global hockey market value is projected to reach 963.59 million USD by 2024, with a Compound Annual Growth Rate (CAGR) of 3.07% from 2024-2033.
Hockey, particularly ice hockey, is a fast-paced and physically demanding sport that requires specialized equipment to ensure player safety and performance. The game is played on an ice rink, with two teams of six players each, including a goaltender, aiming to score by propelling a rubber puck into the opposing team’s net. The sport’s popularity is highest in North America, Europe, and parts of Asia, with significant professional leagues such as the National Hockey League (NHL) and the Kontinental Hockey League (KHL). The equipment used in hockey includes protective gear, skates, sticks, and various accessories, all designed to enhance performance and reduce the risk of injury.
Figure Global Hockey Market Size (M USD) and CAGR (2024-2033)
2. Driving and Limiting Factors of Hockey Market Growth
The growth of the global hockey market is influenced by several key drivers. Firstly, the increasing popularity of hockey as a sport, especially in emerging markets like China and India, is driving demand for hockey equipment. Governments in these countries are promoting winter sports, leading to the construction of more ice rinks and increased participation in hockey leagues.
Secondly, the expansion of professional leagues and international tournaments is providing opportunities for equipment manufacturers to sponsor teams and players, thereby increasing brand visibility. Additionally, technological advancements in equipment design and materials are enhancing player performance and safety, further fueling market growth.
However, the hockey market also faces several limiting factors. The high cost of equipment, including skates, protective gear, and sticks, can be prohibitive for many potential players, especially in lower-income regions. This limits the sport’s accessibility and restricts market expansion. Additionally, the seasonal nature of the sport and its strong regional concentration in colder climates mean that demand for hockey equipment can be limited during off-season periods.
3. Technology Innovation and Corporate Mergers and Acquisitions in Hockey Market
Technological innovation plays a crucial role in the hockey market, with manufacturers constantly seeking to improve equipment performance and safety. Advances in materials science have led to the development of lighter, stronger, and more durable hockey sticks and protective gear. For example, composite materials are now widely used in hockey sticks, providing better flexibility and power transfer while reducing weight. Similarly, advancements in protective gear design have enhanced player safety without compromising mobility.
Corporate mergers and acquisitions are also shaping the hockey market landscape. Major players such as BAUER Hockey, LLC and CCM have been consolidating their positions through strategic acquisitions and partnerships. These moves are aimed at expanding product portfolios, entering new markets, and enhancing manufacturing capabilities. For instance, BAUER Hockey’s acquisition of other brands has allowed it to diversify its product offerings and strengthen its market position. Additionally, mergers and acquisitions are helping companies to leverage economies of scale, reduce costs, and improve operational efficiency.
4. Global Hockey Market Size by Type
Hockey products can be broadly categorized into three main types: Ice Hockey Protective Gear and Accessories, Ice Hockey Skates, and Ice Hockey Sticks.
Ice hockey is a contact sport that requires players to wear comprehensive protective gear to prevent injuries. This category includes a wide range of products such as helmets, masks, shoulder pads, chest protectors, elbow pads, gloves, shin guards, and neck guards. These items are designed to provide maximum protection while allowing for ease of movement and comfort. The market value of Ice Hockey Protective Gear and Accessories in 2024 is projected to be 443.81 million USD.
Ice hockey skates are specialized footwear designed for playing ice hockey. They are characterized by a rigid boot, a sharp blade, and features that enhance stability and agility on the ice. The market value of Ice Hockey Skates in 2024 is forecasted to be 292.16 million USD.
Ice hockey sticks are essential tools for players to handle the puck. They are typically made from composite materials, wood, or a combination of both, and come in various designs to suit different playing styles. The market value of Ice Hockey Sticks in 2024 is expected to be 227.62 million USD.
Table Global Hockey Market Size by Type in 2024
Market Size (M USD) 2024 | |
Ice Hockey Protective Gear and Accessories | 443.81 |
Ice Hockey Skates | 292.16 |
Ice Hockey Sticks | 227.62 |
5. Global Hockey Market Size by Application
Offline retail stores are traditional storefront locations where consumers can purchase hockey products in person. These stores offer the advantage of allowing customers to try on and test products before making a purchase. The market value of Offline Retail Stores in 2024 is forecasted to be 715.16 million USD.
The demand for hockey products through offline retail stores is driven by the preference of consumers for personalized shopping experiences and the availability of professional fitting services. Additionally, the presence of well-established retail chains and sports specialty stores has contributed to the growth of this segment. Retailers often collaborate with manufacturers to offer a wide range of products, ensuring that customers have access to the latest and most innovative hockey gear.
Online retail stores have gained significant traction in recent years, offering consumers the convenience of shopping from home and accessing a broader range of products. The market value of Online Retail Stores in 2024 is projected to be 248.44 million USD.
The growth of online retail is driven by the increasing penetration of the internet and the rising popularity of e-commerce platforms. Online retailers offer a wide variety of hockey products from different brands, providing consumers with the opportunity to compare prices and read reviews before making a purchase. Additionally, the convenience of home delivery and the availability of discounts and promotions have further fueled the demand for hockey products through online channels.
Table Global Hockey Market Size by Application in 2024
Application | Market Size (M USD) 2024 |
Offline Retail Stores | 715.16 |
Online Retail Stores | 248.44 |
6. Global Hockey Market by Top Regions
North America remains the largest regional market for hockey products, with a projected market value of 536.50 million USD in 2024. The region’s dominance is attributed to the strong presence of professional leagues such as the National Hockey League (NHL), widespread participation in amateur leagues, and a well-established infrastructure of ice rinks and training facilities.
Europe is the second-largest market for hockey products, with a projected market value of 328.13 million USD in 2024. The region’s hockey market is driven by the popularity of the sport in countries such as Sweden, Finland, Russia, and the Czech Republic, which have strong traditions in ice hockey. European leagues, including the Kontinental Hockey League (KHL) and various national leagues, contribute to the high demand for hockey equipment.
China is emerging as a significant market for hockey products, with a projected market value of 57.81 million USD in 2024. The Chinese government’s support for winter sports, particularly in the lead-up to the 2022 Beijing Winter Olympics, has spurred the development of ice hockey infrastructure and participation.
Japan’s hockey market is projected to reach 26.12 million USD in 2024. The country has a well-established ice hockey culture, with professional leagues and a strong fan base.
The Middle East and Africa region is a smaller but growing market for hockey products, with a projected market value of 18.05 million USD in 2024.
India’s hockey market is projected to reach 17.21 million USD in 2024.
South America’s hockey market is projected to reach 34.36 million USD in 2024.
Figure Global Hockey Market Size by Region in 2024
7. Global Hockey Market Analysis by Major Players
7.1 BAUER Hockey, LLC
Introduction and Business Overview: BAUER Hockey, LLC is a leading designer, developer, manufacturer, and marketer of ice hockey equipment. Established in 1927, the company is headquartered in Exeter, New Hampshire, USA. BAUER is renowned for its high-quality products and innovative technologies, catering to professional players and enthusiasts worldwide.
Products Offered: BAUER offers a comprehensive range of hockey products, including sticks, skates, protective gear, helmets, gloves, and accessories. Their products are designed to enhance performance and provide superior protection.
7.2 CCM
Introduction and Business Overview: CCM is a Canadian brand of ice hockey equipment, established in 1899. The company is headquartered in Montreal, Quebec, Canada. CCM is known for its extensive range of products and its strong presence in North American and European markets.
Products Offered: CCM offers a wide variety of hockey products, including sticks, skates, helmets, shoulder pads, elbow pads, goaltender masks, knee pads, throat collars, and team uniforms. Their products are designed to meet the needs of players at all levels.
7.3 Sher-Wood Hockey Inc.
Introduction and Business Overview: Sher-Wood Hockey Inc. is a prominent manufacturer and distributor of hockey products, established in 1949. The company is headquartered in Sherbrooke, Quebec, Canada. Sher-Wood is known for its high-quality hockey sticks and equipment, catering to both amateur and professional players.
Products Offered: Sher-Wood offers a range of hockey products, including sticks, protective gear, and accessories. Their products are designed to provide superior performance and durability.