Figure Skating Equipment Market - Segmented by Product Type (Figure Skates and Figure Skating Accessories), Distribution Channel (Offline Retail Stores and Online Retail Stores), and Geography - Growth, Trends and Forecasts (2018 - 2023)

The global figure skating equipment market is projected to grow at the rate of 3.9% during the forecast period, 2018 to 2023. Figure skating stands as a multi-faceted sport, which combine athletics and aesthetics. Figure skating involves a combination of movement, speed, and choreography, which together makes it one of the interesting and popular sport globally. Factors such as increasing participation rate in ice skating sports like figure skating, rise in number of waterless ice skating arena, health benefits from figure skating, innovations in figure skating equipment, and increase in number of ice skating arenas are some of the major factors driving the sales of figure skating equipment globally. However, factors such as unfavorable weather conditions and availability of counterfeit products are restraining the growth of figure skating equipment market.

Introduction of Waterless Ice Skating Arenas

Waterless ice skating arenas are also known as synthetic ice arenas and are designed for skating using normal metal blade ice skates. These rinks are constructed without the use of ice and are eco-friendly. Such ice skating rinks also negate the requirement of refrigeration equipment to create a mechanically frozen skating surfaces, thereby reducing manufacturing and operational costs. These ice skating rinks are becoming popular globally as these rinks can be used for years, eliminating the dependence on weather condition. Countries such as the United States, Canada, Japan, and Denmark have started using waterless ice skating rinks

Growth in Online Retailing to Drive Figure Skating Equipment Market

Sports specialty stores are the most popular distribution channels for the retail sales of figure skating equipment as large number of brands and varieties among figure skating equipment are available; further giving large set of choices to the users. In the past years, online spending by consumers have rose significantly. The growth opportunity for the sales of sports equipment through online channel have forced the vendors to improve purchase processes in terms of security and reliability, which, in turn, has propelled the demand for these products. Some of the policies that encourage consumers to purchase online includes secured transactions, cash on delivery options, convenient return policies, integrated and centralized customer service. Most vendors are adopting online retail strategies to reduce cost and increase their profit margins, which will benefit the market during the forecast period. Vendors such as Jackson Ultima Skates, SP-Teri, EDEA, and Riedell Shoes have strong presence in offline retail stores as well as online retail stores. In addition, Riedell Shoes and SP-Teri are providing online customized figure skate boots.

Asia-Pacific to Witness Rapid Growth in Figure Skating Equipment Market during the Forecast Period

In 2017, the North America accounted for the largest share of the global figure skating equipment market followed by Europe and Asia-Pacific. Asia-Pacific is the fastest growing region in the global figure skating equipment market. China, Japan, Australia, India, and South Korea are the top contributing countries in the region. Numerous countries in this region have started adopting the sport on an international level. However, changing weather conditions, less number of ice skating rinks, and the thriving counterfeit products market in Asia-Pacific, especially in China, has been affecting the figure skating equipment market in the region.

Key Developments in the Market

• June 2018 - Jackson Ultima Skates launched NEW Ultima Apex Series Blades for better control and faster glide.

Figure Skating Equipment Market Competitive Landscape

The global figure skating equipment market is a fragmented market and comprises of local and international vendors. There is an intense competition between the key vendors, leading to the introduction of many innovative figure skating equipment in the market.

Major Players: Jackson Ultima Skates, ROCES SRL, EDEA srl, ROLLERBLADE, SP-Teri, American Athletic Shoe, Graf Skate, K2 Sports, Riedell Shoes, and HD Sports.

Reasons to Purchase the Report

• Analyzing outlook of the market with the recent trends and Porter’s five forces analysis


• Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come


• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects


• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market


• Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years


• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players


• 3 months analyst supports, along with the Market Estimates sheet (in Excel).

Customization of the Report

• This report can be customized to meet your requirements. Please connect with our Customer Service Team, who will ensure you get a report that suits your needs.

This product will be delivered within 2 business days.