Friction tape was the original name for hockey stick tape. Hockey sticks were both scarce and delicate when the sport was originally introduced. If a player's stick developed a crack, he or she required a technique to extend the life of the stick. Friction tape started out as an electrical insulating tape that was widely available. Friction tape features a thick rubber cohesion layer on both sides. Wrapping the stick blade in friction tape helped players extend the life of their sticks and had the added benefit of improving puck control. This tape may only last one or two games on the blade of a hockey stick, depending on the level of play. It is substantially lighter than friction tape because the adhesive is only on one side of the backing material, which appealed to many hockey players. Modern cloth stick tapes are available in white, black, and a wide range of colors to complement team uniforms and to add decorative appeal. 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. Increased youth participation in ice hockey in European countries in the coming years may result in market growth during the forecast period.
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
One aspect that will drive the industry in the coming years is the growing popularity of ice hockey among young people. New goods are developed as a result of the quality of the tape used by players and their preferences.
The e-commerce business is expanding, thanks to the growing popularity of a variety of online platforms that sell ice hockey equipment. The demand for online distribution channels is likely to rise as customer confidence in online purchasing grows.
The market is also driven by the advantages that come with employing tape. Taping the stick handle for a better grip is one of the advantages. It also serves to preserve the stick blade from wear and offer a grip on the puck. To prevent damage from another player hacking at the stick, tape the lower section of the shaft.
Acute injuries are common in ice hockey, which has a negative impact on the sport's popularity among the general public. As a result, the high risk of injuries is expected to stifle the ice hockey equipment market's expansion throughout the forecast period.
New product launches to flourish the market
Renfrew White Cloth Hockey Tape is comprised of cotton that has been weaved. This tape can be used to tape blades, grips, handles, and equipment, among other things. When you use this wonderful white hockey tape to tape your hockey stick, you will gain a lot of benefits. Your stick grip will improve, allowing you to make shots with greater energy impact.
The Lizard Skins 0.5mm Solid Hockey Stick Grip Tape is the perfect match for all professional players out there. This grip tape will provide you with incredible comfort, allowing you to transmit more power into your shots, resulting in high-impact shots. The tape is useful in a variety of ways, including the fact that it adds no thickness to the handle and allows you to keep the same fit and grip. Your shooting abilities will improve and become more explosive. Glove wear and tear can also be removed with the tape. By far the best in terms of quality.
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.
Key Benefits of the Report
- This study presents the analytical depiction of the ice hockey tape 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 tape market share.
- The current market is quantitatively analyzed to highlight the ice hockey tape market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed ice hockey tape 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 tape 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 Tape" 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 Tape" Market?
Ice Hockey Tape Market Report Highlights
By Product Type
By Distribution Channel
Key Market Players
Jaybird, A&R Sports, Renfrew, Compo-Lite, Andover, Sports Tape, Zechy, Howies, North America Tapes, Pro Guard, TapeOwl