According to the report by Expert Market Research (EMR), the global figure skating equipment market size is projected to grow at a CAGR of 4.90% between 2023 and 2028. Aided by the escalating interest in ice sports and the mounting demand for quality figure skating equipment, the market is expected to grow significantly by 2028.
Figure skating equipment comprises diverse items like boots, blades, outfits, and protective gear, which are integral to the sport. As a discipline, figure skating is marked by intricate footwork, jumps, and spins, performed on ice, and has steadily gained traction as a popular recreational and competitive sport. This interest, in turn, fuels the demand for high-grade equipment which can endure rigorous use while ensuring athlete safety and performance enhancement.
The global figure skating equipment market growth is predominantly driven by the growing popularity of ice sports, including figure skating. As public awareness about the physical and mental health benefits of ice sports expands, there has been a significant trend towards participation in such activities. This inclination is leading to a surge in demand for figure skating equipment. The rising focus on fitness and health further contributes to the growing appeal of figure skating, thereby boosting the equipment market.
Figure skating equipment’s role extends beyond just enabling the sport; it contributes significantly to performance enhancement and injury prevention. High-quality boots and blades allow for precise movements and reduce the risk of injury, playing a vital role in competitive figure skating. This requirement makes figure skating equipment an indispensable aspect of the sport, accelerating the figure skating equipment market development.
Further, the proliferation of figure skating in various regions, assisted by the establishment of more ice rinks and skating clubs, is broadening the market. Expansion in the manufacture and distribution of figure skating equipment, coupled with improvements in product design and materials, is also a key factor in figure skating equipment market expansion.
Lastly, the rise in professional figure skating competitions and shows around the globe has intensified the focus on figure skating equipment. The spectacle and popularity of these events not only encourage participation in the sport but also drive the need for professional-grade equipment, providing a substantial boost to the figure skating equipment market.
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Figure Skating Equipment Market Segmentation
The market can be divided based on product type, distribution channel, and region.
Market Breakup by Product Type
• Figure Skates
• Figure Skating Accessories
Market Breakup by Distribution Channel
• Offline
• Online
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
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Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global figure skating equipment companies. Some of the major key players explored in the report by Expert Market Research are as follows:
• Ice Monster
• Jackson Ultima Skates
• Roces S.r.l.
• EDEA srl
• GRAF SKATES AG
• Riedell Shoes, Inc.
• John Wilson
• Others
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