Ice Hockey Pucks Market Size, Share, Growth, and Industry Analysis, By Type (White Puck, Red Puck, & Blue Puck), By Application (Amateur & Professional) and Regional Insights and Forecast To 2032

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ICE HOCKEY PUCKS MARKET REPORT OVERVIEW

The global ice hockey pucks market size was USD 0.678 billion in 2023 and will touch USD 1.096 billion by 2032, exhibiting a CAGR of 5.8% during the forecast period.

An ice hockey is a disk-shaped equipment and used in the ice hockey sport. This component is made of vulcanized rubber. It serves as the necessary object through which players aim to shoot into the opposing team’s net to score points. These pucks are designed to endure intense physical impact and to slide smoothly on the ice. These properties of the product ensure the end-user can accurately shoot, pass, and handle the puck in the game.

Increasing recognition of ice hockey as a sport wide-reaching is fueling demand for the product. Technological evaluation in pucks expansion are positively boosting the market and providing great opportunities for expanding the market.

COVID-19 IMPACT: MARKET GROWTH FLUCTUATED BY PANDEMIC DUE TO LOCKDOWN RESTRICTIONS

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

With the less interaction and constraint on going outside affected the large and small business. The lockdown, social distancing, and limited traveling compel the nation to shift their preference toward postponing sports during pandemics. These restrictions have decreased the demand for sports and hence affect the market growth. Furthermore, uncertain economic and less spending on non-essential activities affected the market significantly.

LATEST TRENDS

"Demand for Smart Pucks Boosting Market Advancement"

Current trend in the market which is enhancing the market growth is the growing demand for smart pucks. It is equipped with advanced features to track player performance and make available real-time data analytics. Moreover, manufacturers are focusing on producing ecologically aware pucks using sustainable and recyclable materials. These trends are attracting many consumers and supporting market expansion.

ICE HOCKEY PUCKS MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into white puck, red puck, & blue puck.

• White Puck: The white puck is traditional and extensively used that provides good visibility on the ice.

• Red Puck: The red puck is vibrant and it is better than the white ice by allowing it easier to track through fast-paced games.

• Blue Puck: The blue puck is a unique alternative offering a distinctive appearance and making it easier to differentiate from other pucks on the ice.

By Application

Based on application the global market can be categorized into amateur & professional.

• Amateur: In the amateur market, these pucks are typically used in recreational games and local leagues. They are less costly and are considered for casual play.

• Professional: In the professional market, the product is used in professional leagues and competitions. They are made with higher quality materials and are designed for faster and more intense game plays.

DRIVING FACTORS

"Growing Interest in Sports Propelling Market Growth"

The key attribute for the global ice hockey pucks market growth is the increasing inquisitiveness in sports is propelling the market progress. Public are more apt to take part in sports owing to the popularity of sports and the rising number of global sporting events. Growing social media influence and celebrity endorsements are attracting the youths that enhances demand for the products. Furthermore, the rising understanding of a healthy lifestyle and the desire to stay fit pushes citizens of all ages to join in sports activities such as ice hockey. The popularity of this is due to the expansion of office hockey competitions taking place across the globe including the European Championship, the Olympic Games, and the International Ice Hockey Championship. Therefore, the demand for the product is increasing and expanding the market growth.

"Rising Interest for Physical Activities Fueling Market Progress"

Another attribute for the increasing presence of the market is the increasing focus on attracting people towards physical activities is anticipated to fuel the market. Government authorities in several developed and developing nations have been implementing various initiatives. These initiatives’ aim is to increase the number of people playing various sports to improve physical activity which is ultimately fueling the market growth. Furthermore, technological advancements have better water resistance, strong materials and innovative features have improved the performance and resilience of diving watches. These growing aspects are fueling demand and market enlargement.

RESTRAINING FACTORS

"Price Sensitivity and Limited Durability Impeding Market Growth"

The key limitation for the market expansion is the high price of the product due to the high-cost of raw material used in production which prohibits some customers who are price sensitive. The limited durability and lifespan of sticks pose a challenge and require frequent replacements and adding to the overall cost of participation. This factor discourages customers from purchasing the low lifespan products. Furthermore, customization demands such as flex profiles and blade curves increases production complexity and cost of manufacturing. This sport is primarily played during the winter months which results in a seasonal demand for pucks which may impede the market growth significantly.

ICE HOCKEY PUCKS MARKET REGIONAL INSIGHTS

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"North America Region Dominating the Market due to High Popularity of Sports"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

North America has emerged as the most dominant region in the global ice hockey pucks market share due to the high popularity of the sports and increased demand for the product in the region. The presence of the strong presence of ice hockey sports in the region is attracting many people towards the sports and consequently increasing demand for the puck. The existence of a large player base is contributing to the market sustainability. The U.S. and Canada are the major countries in the region and presence of professional leagues propelling the market growth. The demand for high-performance pucks and technological advancements in the production of the item is boosting the market expansion. The Asia Pacific region is witnessing a significant growth due to the increasing investment in the infrastructure and development programs for youth, China, Japan, and South Korea are the major contributors to the market progress in the region.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Incorporation of New Features and Market Strategies"

Many prominent industry players are operating in this market focused on constantly striving to improve the durability, performance, and overall quality of the pucks. However, there are many companies in the market that use some techniques such as merger, acquisitions, partnership and using new advanced technologies for producing and developing new products and stay ahead in the market.

List of Top Ice Hockey Pucks Companies

• Franklin (U.S.)
• A&R Sports (U.S.)
• Mylec (U.S.)
• Bauer (U.S.)
• Green Biscuit (Canada)
• Smarthockey (U.S )
• Fan Fever (Canada)
• Sonic Sports (U.S.)
• Sher-Wood (Canada)
• Rocket Puck (U.S.)
• Slick Shinny (U.S.)
• Pure Hockey (U.S.)

INDUSTRIAL DEVELOPMENT

October 2023: Sigmatex extended its partnership with CCM Hockey for more than 5-years. The company claims this partnership in CCM resulted as the official outfitter of the American Hockey League, the Canadian Hockey League, and various NCAA and National teams.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.