Skating Equipment Market: Key Players (K2 Sports Europe GmbH, EDEA Skates, Cougar, Paramount Skates)

Skating is a recreational activity or a competitive sport which involves moving on smooth or hard surfaces or on ice by means of skates. Skating is the act of rolling with ease. The main purpose of skating is to have fun. There are various types of skating such as ice skating, hard surface skating, and snow skating. Hard surface skating involves inline skating, artistic skating, road skating, and skateboarding, while snow skating is usually a hybrid combination of snowboard on snow and skateboard. Freestyle rolling is an artistic and a physical activity for individuals in an outdoor environment. Skating can be done on streets, parks, skate parks, and on ice.

The skating equipment market is segmented on the basis of product type, channel, end-user, and region. On the basis of product type, the skating equipment market is classified into roller derby, artistic skates, outdoor skates, hockey skates, figure skates, bandy skates, touring skates, racing skates, recreational skates, double runner, clothing, blades, and others. Ice skating equipment has a significant share in North America and Europe. Based on channel, the segmentation of the skating equipment market comprises sports stores, specialty stores, franchised stores, and online. On the basis of end-user, the market is segmented into men, women, and kids. The skating equipment market is divided into five regions namely North America, Europe, Asia Pacific, Middle East & Africa, and South America.

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The demand for skating equipment is expected to rise due to rising attractiveness of skating in developing countries, trend of waterless figure skating rinks, and health and fitness related advantages of skating. Most of the developing countries in Asia Pacific have been rapidly promoting the sport at an international level. For instance, ‘The Ice Skating Association of India,’ and ‘Roller Skating Federation of India’ are some of the governing bodies for skating in India. Development of infrastructure for skating is driving individuals to indulge in the sport, which would in turn help the skating equipment market to expand in the coming years.

Waterless figure skating rink is also known as synthetic ice rinks. This uses a polymer material (solid form) for skating and a normal metal-bladed ice skate. Skating is not popular amongst people as an outdoor activity or sport. However, the sport has been gaining prominence and is being followed as a fitness activity. Skating as a fitness activity provides several health benefits to the end-users. Skating can be used as a tool for cardiovascular workout, endurance and strength training to form strong muscles in the pelvic area and legs.

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Furthermore, coordination and balance can be improved if a person practices skating regularly. All the above mentioned factors are expected to contribute to the growth of the skating equipment market. Differences in cultures and traditions in various regions such as North America, Asia Pacific, and Middle East & Africa could hinder the growth of the skating equipment market. Furthermore, factors such as high costs involved in development of skating infrastructure, critical weather conditions, and risk of injuries linked with skating might hinder the growth of the skating equipment market.

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Pragati Pathrotkar

As one of the lead news writers on cmfenews, Pragati’s specialization lies in the science and technology domains. Her passion for the latest developments in cloud technology, connected devices, nanotechnology, and virtual reality, among others, shines through in the most recent industry coverage he provides. Pragati’s take on the impact of digital technologies across the science, technology, and business domains gives her writing a fresh and modern outlook.

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