Figure Skate Blades Market Size, Share, Growth, and Industry Analysis, By Type (Recreational, and Professional), By Application (Men, Women, Boys, and Girls), Regional Insights, and Forecast To 2031

Updated On: 22 April 2024

Figure Skate Blades Market Report Overview

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The global figure skate blades market size was USD 63 million in 2022 and is projected to touch USD 86.5 million by 2031, exhibiting a CAGR of 3.5% during the forecast period. 

The global COVID-19 pandemic has been unprecedented and staggering, with the figure skate blades market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Figure skate blades are the metal attachments mounted to the bottom of figure skates that come into direct contact with the ice. They play a crucial role in enabling figure skaters to execute various moves and manoeuvres on the ice. The blades are typically made of high-quality stainless steel and are designed with specific features to enhance performance. These skate blades consist of a long, narrow, and curved strip of steel with a hollow ground in the center. The hollow refers to the concave groove that runs along the length of the blade. This hollow provides stability and grip on the ice while allowing the skater to perform turns, spins, and jumps with control.

The market is predicted to sprout out with a momentous CAGR over the forecast due to the prevalence and growth of figure skating as a sport, the rising number of figure skating competitions, and increasing participation in figure skating sport. Additionally, the market is bifurcated by type, by application, and by regional expansion of the market. In terms of type of product, recreational and professional skate blades are available in the market. On the basis of type of application, men, women, boys, and girls are the key applications to raise the demand for skate blades. 

COVID-19 Impact: Restrictions on Outdoor Sports Ceased Skating Activity during the Pandemic

The market for figure skate blades was negatively impacted by the COVID-19 pandemic due to various factors such as manufacturing and supply chain disruptions which led to delays, reduced inventory, and increased costs. Also, temporary closures and limited operations of ice rinks and training facilities resulted in a decline in figure skating activities and reduced demand for figure skating blades. Economic uncertainties and reduced consumer spending affected the market as well. However, as restrictions eased, there was a resurgence of interest in outdoor activities, including figure skating, potentially leading to a renewed demand for figure skate blades. The shift towards online sales has fuelled the demand for skate blades which will likely support the market’s growth in the coming years. 

Latest Trends

"Trend of Advanced Blade Technologies Bring About New Opportunities for the Market"

The constantly evolving technologies and trends are anticipated to support the market growth as it encourages suppliers to modify designs and techniques as per changing needs of customers. Thus, manufacturers have been continuously developing and improving blade technologies to enhance performance, durability, and customization options. This includes innovations in blade materials, profiles, and coatings to provide better control, edge retention, and overall skating experience. Along with this, the popularity of online shopping and direct-to-consumer channels has been increasing in recent years. Manufacturing companies and retailers have been expanding their online presence to offer a wider selection of figure skate blades and reach a broader customer base which is attributed to escalating demand for skate blades that will attribute to aid the figure skate blades market growth throughout the forecast period. 

Figure Skate Blades Market Segmentation

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• By Type Analysis

According to type, the market can be bifurcated into recreational, and professional.

• By Application Analysis

Based on application, the market can be divided into men, women, boys, and girls.

Driving Factors

"Increasing Participation in Figure Skating Upsurge the Demand for the Skate Blades"

The increasing number of individuals participating in figure skating is a significant driving factor for the market. As more people take up figure skating as a recreational or competitive activity, the demand for figure skate blades rises which will contribute to propelling the growth of the market as well. 

"Rising Competitive Figure Skating Events Boost the Market Growth"

Competitive figure skaters require high-performance blades to execute complex jumps, spins, and footwork. As the level of competition in figure skating continues to rise, skaters seek blades that offer better manoeuvrability, edge control, and stability. This drives the demand for premium figure skate blades.

Restraining Factors

"High Cost Can Curb the Market Expansion"

The growth of the market can be hampered due to the high cost of skate blades and limited access to skating facilities. Figure skate blades can be relatively expensive, especially high-performance or specialized blades. The cost may deter some individuals, particularly those who are new to figure skating or have budget constraints, from purchasing or upgrading to premium blades. Also, lack of proximity to skating facilities can discourage individuals from taking up figure skating or limit their ability to practice regularly which can impact the market growth.

Figure Skate Blades Market Regional Insights

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"North America Leads the Market with Strong Figure Skating Culture"

As per market research, North America dominates the market due to its strong figure skating culture, with a large number of individuals participating in both recreational and competitive figure skating. Specifically, the U.S. and Canada host numerous competitions, including national championships, and have produced many world-class figure skaters. This high level of interest and participation contributes to the demand for figure skate blades.

Key Industry Players

"Key Players Collaborate with Skating Professionals to Endorse their Blades for gaining Customer Interest "

With regard to key players, leading companies focus on product innovation, continuously improving blade designs and technologies to attract skaters seeking high-performance options through which they generate the highest revenue. Also, building a strong brand reputation and recognition is a crucial aspect for them, as skaters prefer trusted brands known for quality. Prominent companies establish extensive distribution networks to reach a wider customer base and invest in marketing and promotional activities to raise awareness. Furthermore, collaborations with skating professionals help endorse their blades and generate customer interest. In terms of market revenue, the top three leading brand holds the majority of the figure skate blades market shares which aid them to retain their leadership position in the market. 

List of Market Players Profiled

• Jackson Ultima (Canada)
• HD Sports (MK Blades, John Wilson) (UK)
• Paramount Skates (US)
• Graf Skate (Switzerland)
• Riedell Shoes (US)

Report Coverage

This report defines the figure skate blades market. It emphasizes the market value, expected CAGR, and USD value over the forecast period, before and after the impact of the COVID-19 pandemic restrictions on the international market, and how the industry is going to turn the corner is also stated in the report. The report provides significant market data with its product type and product applications, end-use details, and an idea of the market growth in the future. This report also provides an understanding of the growing market trends and developments and their effects on the market growth, driving factors along with restraining factors that impact the market dynamics. Along with this, the leading region, key players of the market, and their tactics to beat the market competition, sustainable policies, their collaboration, mergers, companies’ profile, previous years’ revenue, profit & loss, and market position based on their share value in the market, are also explained in the report.