Figure Skate Boots Market REPORT OVERVIEW
- Request a Free sample to learn more about this report
global figure skate boots market size was USD 71 million in 2022 and market is projected to touch 96.45 Million By 2031, exhibiting a CAGR of 3.5% during the forecast period.
A boot and a blade that are screwed onto the boot sole make up the figure skate boot industry. They are currently available in a large range of materials, types, designs, and customization choices to fulfil the ever changing needs of consumers. Recently, the popularity of figure skating boots has increased since they improve performance, provide better support and flexibility, and lessen shocks or pressure from falls, preventing sports injuries. The majority of figure skaters purchase their boots and blades separately and have the blades mounted by a skilled skate mechanic, despite the fact that affordable sets are offered for recreational skaters.
COVID-19 IMPACT
"Imposed Restrictions in the Economy Resulted in Decline in the Market "
The COVID-19 outbreak caused temporary business closures as well as supply chain and manufacturing disruptions, which in turn reduced the development of telecom infrastructure and had a negative effect on the sales and marketing efforts of rugged phone companies competing in the market. The effects were severe, particularly for startups and small- to medium-sized businesses operating in this industry. Companies did, however, make a lot of restructuring efforts to address the supply chain difficulties and improve collaboration with suppliers and partners to lessen the negative market impact.
LATEST TRENDS
"Growth of the market in recent years"
The expanding number of additional skating facilities and the growing customer interest in sports like figure skating are the main drivers fueling the market's expansion. The main trend influencing the market is this one. As more people become aware of the health advantages of figure skating and as competition participation rates rise, so does the need for figure skate boots. The market is also expanding as a result of the widespread use of artificial or waterless ice-skating rinks, which have cheaper production and operational costs while relying less on the elements. Figure skate boot sales are also increasing as a result of easy product availability, flexible payment options, useful return policies, and safe online transactions.
Figure Skate Boots Market SEGMENTATION
- Request a Free sample to learn more about this report
- By Type
Based on type the global figure skate boots market is classified as recreational, professional.
- By Application
Based on application the global figure skate boots market is classified as men, women, boys, girls.
DRIVING FACTORS
"The Utilization as a Catalyst to Boost the Market Growth"
Since most vendors are employing online retail methods to save costs and boost profit margins, which is boosting market growth, it is projected that the online segment will drive market expansion during the projection period. The speedy return policies, safe transactions, and cash-on-delivery options offered by businesses appeal to online customers. The product's easy accessibility and the range of possibilities and kinds available online are two elements that are causing market sales to rise. Additionally, the increased chance for sports equipment sales via the online channel has forced the vendors to strengthen the security and dependability of their purchasing methods, which in turn is raising demand for these goods.
"Extensive Application in Laundering Process to Multiply the Production and Market Growth"
Skating for figure, speed, and hockey have all given rise to several sports categories. The delight and distinctive sensations these sports offer have expanded amateur engagement in them as a recreational activity. At the same time, more people are choosing to pursue careers in figure skating. It can be enjoyed as a recreational pastime or as a sport. As a result of more people participating, there is an increase in demand for figure skating boots. Additionally, the popularity of hockey skates will likely change as more focus is placed on building environmentally friendly skating rinks. As ice skating becomes a more well-liked pastime, the need for skates is predicted to increase.
RESTRAINING FACTORS
"Several Challenges Associated with the Local Irritation to Restrain the Market"
Injury rates, which are high in the figure skating boots market due to the nature of sports, are the key barrier to market growth. When skating, there are a lot of crucial things to consider, and these hazards should be properly evaluated. Some of the most common injuries associated with ice and figure skating include ACL tears, ankle sprains and fractures, head injuries, lacerations, hand and wrist injuries, and ankle sprains and fractures. This could be the primary cause of the market's collapse. Therefore, it is projected that these factors will constrain market growth throughout the forecast period. But this problem will be rectified in some way over time. If this issue is resolved, the market will immediately begin to expand.
Figure Skate Boots Market REGIONAL INSIGHTS
- Request a Free sample to learn more about this report
"North American Region to Dominate the Market with Extensive Utilization and Multiplying Manufacturers"
Because this region is the product's principal customer, the market for figure skating boots in North America has profited from the region's rising industrial growth and a number of variables that have boosted the potential sectors. The market share of the figure skating boots business is increasing as a result of the expanding product use by men, women, boys, and girls. Rapid urbanization trends will help the market overall even more.
KEY INDUSTRY PLAYERS
"Financial Players to Contribute Towards Expansion of Market"
This market is extremely competitive and consists of various global and regional players. Major players are involved in strategizing various plans such as mergers and acquisitions, partnerships, introduction of new and enhanced products, along with joint ventures. The report is extensive research of a list of market players who contribute towards the expansion of the market. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and others. Other factors such as regional wise analysis and segment wise analysis are also considered to understand the market share, product growth, revenue growth and others during the forecasted period.
List of Market Players Profiled
- Jackson Ultima (Canada)
- Edea (Italy)
- Risport Skates (Italy)
- SP-Teri (US)
- Graf Skate (Switzerland)
- Riedell Shoes (US)
- Roces (Spain)
REPORT COVERAGE
The SWOT analysis and information on future developments are covered in the study. The research report includes a study of several factors that promote market growth. This section also covers the range of numerous market categories and applications that could potentially affect the market in the future. The specifics are based on current trends and historical turning points. The state of the market's components and its potential growth areas over the following years. The paper discusses market segmentation information, including subjective and quantitative research, as well as the impact of financial and strategy opinions. Additionally, the research disseminates data on national and regional assessments that take into account the dominant forces of supply and demand that are influencing market growth. The competitive environment, including market shares of significant competitors, is detailed in the report along with fresh research methodology and player strategies for the anticipated time.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 71 Million in 2022 |
Market Size Value By |
US$ 96.45 Million by 2031 |
Growth Rate |
CAGR of 3.5% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types and Applications |
Frequently Asked Questions
-
What value is the Figure Skate Boots Market expected to touch by 2031?
The global figure skate boots market is expected to USD 96.45 Million By 2031.
-
What CAGR is the Figure Skate Boots Market expected to exhibit by 2031?
The figure skate boots market is expected to exhibit a CAGR of 3.5% by 2031.
-
Which are the driving factors of the Figure Skate Boots Market?
The speedy return policies, safe transactions, and cash-on-delivery options offered by businesses appeal to online customers.
-
Which are the key players functioning in the Figure Skate Boots Market?
Key players functioning in the figure skate boots market Jackson Ultima, Edea, Risport Skates, SP-Teri, Graf Skate, Riedell Shoes, Roces.