Ice Hockey Apparel Market worth is poised to reach US$ 723.76 Million by 2033
Ice hockey has overcome all obstacles to become one of the most well-liked and wealthy professional sports leagues in the world despite being a seasonal sport. Ice hockey apparel has observed substantial demand in North America and Europe during the historical period.
The global Ice Hockey Apparel market garnered a market value of US$ 470.14 Million in 2022 and is expected to accumulate a market value of US$ 723.76 Million by registering a CAGR of 4% in the forecast period 2023–2033. The market for Ice Hockey Apparel Registered a CAGR of 2.5% in the historical period 2018–2022.
Apparel designers within the sports industry continuously address fabric trends and gameplay advancements. With the rising popularity of ice hockey, numerous sports apparel manufacturers are seizing the opportunity to capitalize on the sport’s growing demand. The utilization of cost-effective materials in the production of ice hockey apparel is on the rise. Companies in the global ice hockey apparel market are prioritizing enhancing the comfort and protective features of their products.
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Fact.MR has recently published a study projecting the future of the global ice hockey apparel market from 2017 to 2026. During this forecast period, the market is expected to experience a value CAGR of 2.5%, with sales estimated to surpass half a billion dollars by 2026. Various factors have been examined to gauge their impact on market growth, including the challenges faced:
- Increasing costs of raw materials and procurement complexities
- Apparel durability affecting yearly sales of market players
- Limited designing flexibility hampering product line extensions
Key Research Highlights from Fact.MR Study:
- North America is anticipated to dominate the ice hockey apparel market, fueled by the sport’s prevalence in Canada and the US.
- Jackets are projected to remain top-selling apparel, while jerseys/t-shirts are forecasted to witness the fastest revenue growth at a 2.9% CAGR.
- Third-party online channels are poised to emerge as lucrative sales channels.
- Men are expected to be the primary consumers, accounting for approximately 85% of the global market value share.
- Individual buyers are forecasted to contribute to more than two-thirds of ice hockey apparel sales globally.
- By the end of 2026, Europe is anticipated to hold one-third of the global market value share.
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Leading companies profiled in the report include Bauer Hockey, Inc., Adidas AG, Easton Hockey, Inc., Don Simmons Sports, Inc., Montreal-Tackla Hockey Company, Graf Skates AG, Sherwood Athletics Group Inc., New Balance, Inc., Tecnica Group S.p.A., and Wm T. Burnett & Co., Inc. These manufacturers are expected to drive innovation in ice hockey apparel by incorporating hybrid and composite materials and developing new designs to enhance player protection.
Market Segmentations:
By Apparel Type :
Jackets
Pants
Jersey/ T-Shirt
Cap
Socks
Apparel Accessories
By Sales Channel :
Independent Sports Outlet
Franchised Sports Outlet
Modern Trade Channels
Direct to Customer Brand Outlet
Direct to Customer Online Channel
Direct to Customer Institutional Channel
Third Party Online Channel
By Buyer Type :
Individual
Institutional
Promotional
By Region :
North America
Latin America
Europe
Japan
APEJ
MEA
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