Consumer Goods & Retail

Global Figure Skating Equipment Market

March 30, 2022
ID: SR/CG-105
Format:Pdf
Pages:220

Global Figure Skating Equipment Market, By Product Type (Figure Skate Boots, Figure Skate Blades, and, Figure Skates), By Equipment Type, (Skid Protector, Accessories, and Tools and Spare Parts), By End-User (Men, Women, and Kids), Distribution Channel (Franchised Sports Outlets, Independent Sports Outlets, Specialty Stores, and Online Stores) and By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)-Global Forecast to 2028.

Frequently Asked Questions (FAQ):

Figure skating equipment refers to different clothing and accessories worn by figure skaters during training or competitions. Some commonly used equipment and accessories include figure skating boots and blades, blade guards, helmets, Bunga and crash pads, stretchy pants, sweaters, jackets, socks, and gloves.

What is the growth rate of the Figure Skating Equipment market?

The global Figure Skating Equipment market size was valued at USD 80.2 Million in 2022 and is expected to reach USD 110.5 Million by 2030 with a CAGR of 4.11% in 2022-2030.

What are the driving factors for the global Figure Skating Equipment market?

The growing consumer interest in sports, rising awareness regarding the health benefits of figure skating, increasing number of participants in ice skating sports like figure skating, and the increasing number of ice-skating arenas represent are the major factors accelerating the growth of the global figure skating equipment market during the forecast period.

Which region is expected to have the largest share in global Figure Skating Equipment?

The North American region is expected to dominate the Figure Skating Equipment Market and continue this growth rate during the forecast period, 2022-2028.

Who are the major players in the global Figure Skating Equipment?

Companies include K2 Sports Europe GmbH, EDEA Skates, Paramount Skates, Riedell Shoes Inc., Roller Derby Skate Corp, American Athletic Shoes Company, Graf Skates AG, Jackson Ultima Skates, John Wilson Skates Limited, Winnwell Inc., Dongguan King Line, and Other Prominent Players.

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Description

Figure Skating Equipment Market Overview

The global Figure Skating Equipment market size was valued at USD 80.2 Million in 2022 and is expected to reach USD 110.5 Million by 2030 with a CAGR of 4.11% in 2022-2030. The growing consumer interest in sports, rising awareness regarding the health benefits of figure skating, increasing number of participants in ice skating sports like figure skating, and the increasing number of ice-skating arenas are the major factors accelerating the growth of the global figure skating equipment market during the forecast period. Furthermore, the increasing number of competitions, the rising popularity of figure skating among kids, especially girls, and the increasing availability of waterless or synthetic ice-skating arenas among sports complexes and commercial complexes have also boosted the growth of the figure skating equipment market globally.

What is Figure Skating Equipment?

Figure skating is a sport that includes ice skaters, singly or in pairs, performing freestyle jumps, spins, lifts, and footwork gracefully. Figure skating involves movement, speed, and choreography. Figure skating equipment refers to different clothing and accessories worn by figure skaters during training or competitions. Common equipment and accessories include figure skating boots and blades, blade guards, helmets, Bunga and crash pads, stretchy pants, sweaters, jackets, socks, and gloves. Figure skating equipment and accessories are available in various materials, designs, customization options, etc., to meet diverse consumer requirements.

Growth Driver

Widespread adoption of waterless or synthetic ice-skating arenas and health and fitness-related advantages of figure skating

The increasing consumer interest in sports, such as figure skating, growing consumer awareness towards various associated health benefits of figure skating, shifting consumer preferences towards adopting an active lifestyle, and increasing participation rates in competitions are the primary factors driving the growth of the global figure skating equipment market during the forecast period. However, the unfavorable weather conditions and availability of counterfeit products are expected to hamper the growth of the global figure skating equipment market. Furthermore, the increased adoption of waterless or synthetic ice-skating arenas to lower manufacturing and operating costs while lowering the dependence on weather conditions is also expected to fuel the demand of the global figure skating equipment market in the coming years. Waterless ice-skating arenas, commonly known as synthetic ice arenas, are designed for skating using regular metal blade ice skates. These rinks are constructed without the use of ice and are considered eco-friendly. These waterless or synthetic ice skating rinks are gaining popularity as these rinks can be used for years, eliminating the dependence on weather conditions, and various developed countries such as the United States, Canada, Japan, and Germany are increasingly adopting these waterless ice skating rinks.

Pre-Covid-19 impact on the global Figure Skating Equipment market

Rapid urbanization, increasing consumer disposable income, growing inclination toward sports and fitness activities, and a rising number of national and international tournaments have stimulated the growth of the global figure skating equipment market during the pre-COVID era. Furthermore, the increasing number of leading players, Franchised Sports Outlets and Independent Sports Outlets offering high-quality, lightweight and durable figure skating equipment in stylish designs to expand their product portfolio has also attracted a large consumer base among various developed countries, such as the United States, Canada, Japan, and Germany.

Covid-19 impact on the global Figure Skating Equipment market

The COVID-19 pandemic has significantly hit the overall growth of the global Figure Skating Equipment industry market in 2020. The pandemic has severely affected every business segment due to various government norms, such as nationwide lockdowns and complete shutdown of manufacturing facilities across the globe. Furthermore, the complete shutdown of sports complexes and outdoor sports activities has slowed the demand for Figure Skating Equipment. The complete suspension of upcoming national and international sports competitions and various leagues and the complete shutdown of training centers have also negatively impacted the demand of the global figure skating equipment market.

Post Covid-19 impact on the global Figure Skating Equipment market

The growing government’s initiatives to create awareness about the health benefits of sports and increasing spending in the construction of sports complexes to increase the participants involved in various outdoor and indoor sports, such as figure skating, is expected to propel the growth of the global figure skating equipment market during the forecast period. The increasing number of domestic and international competitions and group leagues have increased the number of competition participants, increasing the demand for figure skating equipment globally. Furthermore, the increasing penetration of online stores and consumer preferences shifting towards online shopping is also expected to fuel the growth of the global figure skating equipment market during the forecast period.

Product Type Segmental Analysis

Based on the Product Type, the global Figure Skating Equipment market is segregated into Figure Skate Boots, Figure Skate Blades, and Figure Skates. The Figure skating boots segment is expected to hold the highest share in the global Figure Skating Equipment market during the forecast period. Figure skating boots are an essential aspect of figure skating and are vital for success, from beginner to Olympic level. Figure skating boots maximize their performance, comfort, and enjoyment on the ice. Figure skating boots give the support and durability beginners need to succeed. Furthermore, the Figure skating blades segment is expected to witness significant growth in the global figure skating equipment market in the coming years. Boot and blade combination should be level-specific and perfectly fit abilities and needs, as it prevents painful blisters and improves performance.

Distribution Channel Segmental Analysis

Based on the Distribution Channel, the global Figure Skating Equipment market is segregated into Franchised Sports Outlets, Independent Sports Outlets, Specialty Stores, and Online Stores. The Franchised Sports Outlets segment is expected to hold the highest share of the global figure skating equipment market during the forecast period. Franchised Sports Outlets offer consumers a wide range of products and allow freedom to choose products according to their needs. Furthermore, the online segment is expected to witness significant growth in the global Figure Skating Equipment market during the forecast period. The increasing penetration of the internet and smartphones, the shifting preference of consumers towards online shopping, and the increasing presence of various leading e-commerce platforms offering a wide range of products with free delivery and huge discount offers are the primary factors driving the growth of the online segment in the global Figure Skating Equipment market.

Region Segmental Analysis

The Figure Skating Equipment market is characterized by North America, Europe, Asia Pacific, South America, and Middle East & Africa. The North American region is expected to dominate the Figure Skating Equipment Market and continue this growth rate during the forecast period, 2022-2030. This growth is attributable to the development of advanced waterless ice skating rinks and the growing popularity of ice skating sports among various developed countries, such as the US and Canada. Furthermore, the Asia Pacific region is expected to witness significant growth in the global figure skating equipment market due to rapid urbanization, increasing awareness about the health benefits of figure skating sports, and increasing government spending on sports infrastructure and competitions. Moreover, Japan and China are the major contributors to the figure skating equipment market in the Asia Pacific region. This growth is attributable to the increasing number of participants and national and international competitions and leagues in the region.

Competitor Analysis

Key Stakeholders

Market research and consulting firms
Industry associations
Global Figure Skating Equipment manufacturing firm
Local Governments
Regulatory bodies
Suppliers
Retailers

Scope of the Report

Report Attribute	Details
Market Size Value in 2021	USD 76.9 Million
The revenue forecast in 2028	USD 101.5 Million
Growth Rate	CAGR of 4.11% from 2022 to 2028.
Historical data	2017 – 2020
Base Year	2021
Forecast period	2022 – 2028
Region covered	America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	K2 Sports Europe GmbH, EDEA Skates, Paramount Skates, Riedell Shoes Inc., Roller Derby Skate Corp, American Athletic Shoes Company, Graf Skates AG, Jackson Ultima Skates, John Wilson Skates Limited, Winnwell Inc., Dongguan King Line, and Other Prominent Players

Market Modelling

By Product Type

Figure Skate Boots
Figure Skate Blades
Figure Skates

By Equipment Type

Skid Protector
Accessories
- Sport Bag
- Innersoles
- Laces
- Lace puller
- Socks
- Gripping gloves
- Cap
Tools and Spare Parts

By End-User

Men
Women
Kids

By Distribution Channel

Franchised Sports Outlets
Independent Sports Outlets
Specialty Stores
Online Stores

By Region

North America
Europe
Asia Pacific
South America
Middle East & Africa

Table Of Contents

Methodology

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Global Figure Skating Equipment Market

Frequently Asked Questions (FAQ):

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Figure Skating Equipment Market Overview

What is Figure Skating Equipment?

Growth Driver

Widespread adoption of waterless or synthetic ice-skating arenas and health and fitness-related advantages of figure skating

Pre-Covid-19 impact on the global Figure Skating Equipment market

Covid-19 impact on the global Figure Skating Equipment market

Post Covid-19 impact on the global Figure Skating Equipment market

Product Type Segmental Analysis

Distribution Channel Segmental Analysis

Region Segmental Analysis

Competitor Analysis

Scope of the Report

Market Modelling

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