According to the latest report by IMARC Group, titled “Figure Skating Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The global figure skating equipment market size reached US$ 80.9 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 103.0 Million by 2028, exhibiting a growth rate (CAGR) of 3.89% during 2023-2028.
Figure skating equipment represent numerous clothing items and accessories worn by figure skaters during competitions or training. Some widely utilized equipment include figure skating boots and blades, stretchy pants, blade guards, helmets, jackets, socks, gloves, etc. They are available in various materials, designs, customization options, etc., to meet diverse consumer requirements. Figure skating equipment assist in enhancing the performance of individuals, offer improved support and flexibility, prevent sports injuries by reducing shocks, etc.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The shifting consumer preferences towards adopting an active lifestyle and the rising number of ice-skating arenas are among the key factors driving the figure skating equipment market. In addition to this, the increasing consumer awareness towards various associated health benefits of figure skating and the elevating participation rates in competitions are further catalyzing the product demand. Moreover, the escalating adoption of waterless or synthetic ice-skating arenas to minimize manufacturing and operational costs while reducing the dependence on weather conditions is also augmenting the global market. Besides this, the expanding e-commerce sector is propelling the sales of figure skating equipment, on account of the easy availability, flexible payment options, convenient return policies, etc. Furthermore, several key market players are launching high-quality, lightweight, and durable product variants in stylish designs to expand their customer base, which, in turn, is projected to fuel the figure skating equipment market over the forecasted period.
Breakup by Product Type:
- Figure Skates
- Figure Skating Accessories
Breakup by Distribution Channel:
- Offline
- Online
Breakup by Application:
- Men
- Women
- Kids
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- American Athletic Shoes Company
- EDEA srl
- Graf Skates AG
- Jackson Ultima Skates
- John Wilson Skates Limited
- K2 Sports LLC (Newell Brands)
- Paramount Sk8s Inc.
- Riedell Shoes Inc.
- Roces S.r.l.
- Rollerblade (Tecnica Group S.p.A)
- SP-Teri Inc.
- Winnwell Inc.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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