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2021
Ice Hockey Stick Market

Ice Hockey Stick Market Product Type (Glass Fiber and Carbon Fiber), Application (Adult and Children), and Distribution Channel (Offline and Online): Global Opportunity Analysis and Industry Forecast, 2021–2030

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Jan 2022 | 95 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Ice hockey sticks are normally manufactured in such a way that they assist players in playing with them flawlessly. Traditionally, ice hockey sticks were constructed of wood, but in recent years, more expensive materials such as aluminum, aramid (brands such as Kevlar, Nomex, Twaron, and others), fiberglass, carbon fiber, and other composite materials have become popular. In addition to weighing less, composite sticks can be made with more consistent flexibility attributes than their hardwood counterparts. These new sticks are lighter and allow for a faster puck release, resulting in a harder, more precise shot. Although the new materials allow for harder strokes, the increased durability and lighter materials may make the transition from a wooden to a composite stick more difficult for inexperienced players. Ice hockey tournaments such as the Ice Hockey World Championship, World Cup of Hockey, and Stanley Cup are expected to increase the sport's appeal, encouraging kids to play. In order to stay competitive, leading firms have made significant research and development investments in recent years. 

Market Scope and Structure Analysis

Report Metric

Details

  Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period 

  2021–2030

  Forecast Unit

  Value (USD)

  Regions Covered

  North America, Europe, Asia-Pacific, LAMEA

  Segments Covered

  Product Type, Application, Distribution Channel, and Region

  Companies Covered

CCM

, Eagle Hockey, Bauer, Sherwood, Mylec, Graf, Easton Hockey, Warrior Sports, ​Grays

 

 COVID-19 Impact analysis

  • The covid-19 epidemic forced a quick lockdown in many regions of the world to prevent the virus from spreading, resulting in the rapid closure of factories, shops, and other businesses. The global market for non-essential products has suffered from a rapid reduction in demand and supply, as well as travel limitations. 
  • The epidemic has had a substantial negative impact on the economy as a result of less work being done, lower demand, and a shortage of factory workers. Additionally, the travel ban has resulted in a lack of raw materials, halting manufacturing.
  • Outdoor activities and other sports like as ice hockey were hampered by the shutdown, and no activity was played for over a year. As a result, a decline in equipment sales was forecast, and it will continue to be low until circumstances normalize.

Top Impacting Factors
New ice hockey stick manufacturing concepts are being introduced by companies. Several market rivals are using new materials to improve the feel and comfort of ice hockey sticks while also allowing customers to choose from a variety of textures.
The development of improved-function sticks is costly, leading in a premiumization trend in the global ice hockey stick industry.
In recent years, ice hockey has witnessed a tremendous increase in participation. Women are significant market contributors, and their participation has risen considerably in recent years.
In addition, the global expansion of synthetic ice rinks has raised demand for ice hockey equipment. Because of the rapid expansion of solid polymer material (synthetic ice) rinks, people in Asia and the Middle East can now engage in the sport. This tendency is expected to drive the market in the coming years.

Market Trends
The number of ice hockey competitions has increased as a result of increased participation rates

  • Since its beginnings, North America has been the most active participant in ice hockey, with professional, semi-pro, and junior levels of play in Canada and the United States. Some of the popular ice hockey tournaments played around the region include the National Hockey League (US, Canada), Liga Mexicana Eite (Mexico), Ontario Hockey League (Canada), ECHL (US, Canada), and others. 
  • As a result, hockey equipment manufacturers have a huge potential to boost their brand equity by providing sponsorships and endorsements to well-known players and clubs, giving them a competitive advantage over their competitors. Furthermore, a growth in government efforts in various countries aimed at increasing sports participation has been a major driver of the market in recent years. As a result, the sport's popularity has skyrocketed, particularly among young people. For example, the IIHF organizes international ice hockey events all over the world. The IIHF's main responsibilities are to manage, develop, and organize hockey around the world.

Innovations in sticks to flourish markets.

  • A hockey player's stick is an important piece of equipment. It's equally as vital as their skates to the player. Most people would agree that the most significant advancement in hockey equipment has been the evolution of the hockey stick. With the invention of the composite hockey stick, the sticks were no longer made of wood, which made them heavy. The new material resulted in a light, flexible stick that improved a player's shot's power and accuracy. Production has progressed as a result of technological advancements, and today's sticks are formed of polymer resin-linked graphite fibers. 
  • The Bauer Vapor FlyLite is the most advanced stick in Bauer's Vapor stick line, which was created with shot release speed in mind. The Vapor FlyLite uses Bauer's innovative XE Elliptical Taper at the bottom third of the shaft to create lightning-quick releases.   

Key Segments Covered
Product Type

  • Glass Fiber
  • Carbon Fiber
  • Application
  • Adult
  • Children

Distribution Channel

  • Offline
  • Online

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Benefits of the Report

  • This study presents the analytical depiction of the ice hockey stick industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the ice hockey stick market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the ice hockey stick market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed ice hockey stick market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the Report

  • Who are the leading market players active in the ice hockey stick market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • What is "Ice Hockey Stick" Market prediction in the future?
  • Which will be the niches at which players profiling with recent advancements should set a presence?
  • What are the driving factors and opportunities in the market?
  • What are the current trends and predicted trends?
  • What are the challenges faced in the "Ice Hockey Stick" Market?
 
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