Allied Market Research published a new report, titled, “Ice Hockey Stick Market 2021-2030” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
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.
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.
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.
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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. 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.
Key Market Players:
• CCM
• Eagle Hockey
• Bauer
• Sherwood
• Mylec
• Graf
• Easton Hockey
• Warrior Sports
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.
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
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