Ice hockey is a game between two teams, usually six players per team, who compete on the ice, wearing skates. The object of the game is to push a vulcanised rubber disc, or puck, over the goal line and into a net guarded by a goalie or goalie. Hockey has become one of the most popular sports internationally due to its speed and high physical contact. In hockey, athletes use specialised equipment to promote and protect the game, as it is a common sport for injuries. In hockey, players wear full body protective equipment in order to prevent injury in the heat of the game. Protective equipment includes helmets, masks, shoulder pads, chest pads, waist pads, body pads, elbow pads, gloves, trousers, leg pads and ankle pads. Hockey pads are usually made of a lightweight rigid plastic shell lined with foam or foam padding. The goalie wears a special facemask, gloves, thick chest pads and thicker and wider leg pads. Ice hockey boots are used to play the game of ice hockey and ring sports. The boots are generally made of moulded plastic, leather, ballistic nylon or thermoformed composites. Ice skates used for competitive hockey rarely use moulded plastic as an upper boot, as this results in limited mobility. An ice hockey stick is a piece of equipment used in ice hockey to shoot, pass and carry the puck across the ice. Hockey sticks are approximately 150-200 cm long and consist of a long, thin pole with a flat extension at one end called a blade. The size of the sticks can vary considerably as they are usually made to suit the size and preference of a particular player.
There are two ways to buy ice hockey, with the first type of offline retailer being a shop that sells products in person through a storefront. Unlike online retailers, they usually allow customers to try on products before they buy and may offer professional fitting services. The second type of online retailer allows consumers to find products of interest by browsing the retailer\'s website directly or by searching for other suppliers using a shopping search engine. The search engine displays the availability and prices of the same product at different e-tailers. When an order is delivered to the seller, the seller processes the order accordingly and delivers the goods or services via online shipping or offline shipping .
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Global Ice Hockey Industry Market Analysis Forecast
The hockey industry has evolved over time and has entered a period of maturity. According to our research, the global Hockey market has a total sales value of 731.13 M USD back in 2015, and increased to 797.94 M USD in 2020. We made a series of functional calculation and deduced the past 5 year’s data with scientific model. Finally, we made the prediction that the value of Hockey markets can be 1009.61 M USD by 2025. The CAGR of Hockey is 3.07% from 2019 to 2025.
North America was the largest revenue market with a market share of 50.27% in 2015 and 50.15% in 2019 with a decrease of 0.12%. Europe ranked the second market with the market share of 24.39% in 2019. Also, the Asia Pacific and Middle East & Africa markets for Hockey are expected to be the market with the most promising growth rate. Development of economy, increase downstream demand, technology innovation progress in emerging economies such as China and India have led to an increase in demand. Hockey companies are mainly from North America; the industry concentrate rate is very high. The top three companies are BAUER Hockey, LLC, CCM and Sher-Wood Hockey Inc. with the revenue market share of 42.41%, 26.96% and 3.77% in 2019.
The global Hockey market is expected to witness a mild growth during the forecast period because of the characteristic of globally popular and the increase in the number of ice rinks. The other factor that is driving the growth of the Hockey market is the introduction of hockey in other countries or regions.
influence of COVID-19 Outbreak on Hockey Industry Development
The epidemic has impacted the global sports industry, whether it be the production of sports equipment, sports sponsorship, or others. The impact of COVID-19 has led to the suspension and postponement of various events and sporting activities, and this includes hockey events. The cooling of the market has led to a decline in sales orders for hockey equipment companies. Supply chain disruptions have exacerbated business risks, and adequate cash flow has become extremely important.
The sudden escalation of COVID-19 has demonstrated the cross-border vulnerability of supply chains, and the reactive nature of business continuity plans. The response of enterprises to the spread of coronavirus (COVID-19) has focused on securing their personnel and reviewing supply chains in an attempt to achieve some kind of business continuity. The ever-growing interconnectivity of markets has resulted in complex supply chains spanning jurisdictions and industries, which are currently being savaged by the residual effects of the virus. And as the markets are demonstrating, the economic effects are just beginning. By taking into account high-level considerations such as the jurisdiction and criticality of supply chain links, along with the commensurate scope of due diligence to further understand risk, enterprises can start building the foundation for a dynamic supply chain in order to counteract the possible disruption.
COVID-19 is bound to accelerate the integration of online and offline models for the sports industry and sports consumption, and hockey equipment manufacturers should innovate new models of sports consumption and enhance their online retail model services. Hockey activities, as well as events, will gradually resume after the risk of viral transmission is contained in each country or region, with the NHL relaunch drawing a total of 1.3 million viewers, according to NBC. The network also generated an average of 1.4 million viewers for the Sunday tourney between the Philadelphia Flyers and Boston Bruins. The data from the tournament reopening proves that the market\'s enthusiasm for hockey is climbing even further. As people take to the outdoors for sporting activities once again, the market demand for hockey equipment will gradually recover as well. In the long term, the 2022 Winter Olympics are no longer far away. The sports boom will also help hockey equipment companies return to profitability.
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