LONDON–(COMMERCIAL THREAD) – The global winter sports equipment market is expected to grow at over 2% CAGR during the period 2018-2022, according to the latest market research report by Technavio.
The increasing participation rate in professional ice hockey competitions is a key factor in the growth of the global winter sports equipment market. Global participation in ice hockey is growing at an unprecedented rate. North America recorded the strongest growth in terms of participation rate with an increase of over 153,563 players between 2011 and 2017. Although Europe is a smaller market than North America, it also has recorded a significant increase of over 58,000 players between 2011 and 2017. Thus, this increase in participation is expected to boost the global winter sports equipment market.
This market research report on Global Winter Sports Equipment Market 2018-2022 Also provides an analysis of the most important trends that are expected to impact the market outlook during the forecast period. Technavio ranks an emerging trend as a major factor that has the potential to have a significant impact on the market and contribute to its growth or decline.
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In this report, Technavio highlights the advent of innovative winter sports equipment, especially skates, as one of the major emerging trends in the global winter sports equipment market:
Global Winter Sports Equipment Market: Advent of Innovative Winter Sports Equipment, Including Skates
Interest in winter sports has prompted major competitors to innovate regularly and introduce new products, especially skates, for fashion-conscious consumers. New products and skate design innovations provide a convenient and comfortable skating experience and stimulate the skating market. Major innovations in skating shoes have manifested themselves in the form of designer fashion trends. For example, the popular figure skating competitor, EDEA has developed several models for a line of figure skating shoes that were inspired by designer models. Hence, the market is expected to experience significant growth due to the advent of innovative products.
“Winter sports are multi-faceted sports, which combine aesthetics and athletics. Subsequently, many developing countries began to take an interest in this sport. The APAC countries have become one of the growing adopters of winter sports, both recreationally and professionally. Therefore, the growing popularity of winter sports in emerging economies will fuel the growth of the market ”, says a senior analyst at Technavio.
Global Winter Sports Equipment Market: Segmentation Analysis
This market research report segments the global winter sports equipment market by application (ski, ice hockey, snowboard and figure skating equipment), by product (SP, SB and HS, footwear and gear). protection) and by geographic region (APAC, EMEA and Americas).
The Americas region dominated the market in 2017 with a market share of almost 49%, followed by EMEA and EMEA respectively. Although APAC held a lower market share than the Americas in 2017, it is expected to dominate the market with the highest incremental growth during the forecast period.
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Some of the main topics covered in the report include:
Market segmentation analysis
Market size and forecast
Five forces analysis
Main leading countries
Positioning of sellers in the market
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