Figure Skating Equipment Market Report 2024 (Global Edition)

Global Figure Skating Equipment Market Report 2024 Market Size Split by Type (Figure Skates, Figure Skating Accessories), by Distribution Channel (Offline, Online), by Application (Men, Women, Kids)

Figure Skating Equipment Market Report Description

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Figure Skating Equipment Market Insights Video

Competitive Landscape of the Figure Skating Equipment Market

The market for figure skating equipment is competitive, and in order to increase its market share, a number of major competitors are concentrating on product innovation, quality improvement, and customization. Many skates and accessories for varying ability levels are available from well-known brands such as Graf Skates, Edea, Riedell Skates, and Jackson Ultima. In order to boost their awareness, many brands fund elite athletes and make technological investments. By offering specialized or customized items, smaller, niche competitors also compete.

Top Companies Market Share in Figure Skating Equipment Industry: (In no particular order of Rank)

• American Athletic Shoes Company
• Jackson Ultima Skates
• EDEA srl
• Graf Skates AG
• John Wilson Skates Limited
• Riedell Shoes Inc.
• Roces S.r.l.
• SP-Teri Inc.
• K2 Sports LLC (Newell Brands)
• Paramount Sk8s Inc.
• Rollerblade (Tecnica Group S.p.A)
• Winnwell Inc.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Figure Skating Equipment Market

Which Region Dominates the Figure Skating Equipment Market in 2024?

According to Cognitive Market Research, North America currently dominates the Figure Skating Equipment market, and the region is expected to have significant growth during the projected period. The market for figure skating equipment is anticipated to grow most rapidly in North America due to the region's strong ice sports culture and abundance of ice rinks and skating facilities. The U.S. Figure Skating Championships and other national and international figure skating competitions are held in the area, increasing interest and participation on many levels. Strong training facilities and youth programs also encourage kids and young athletes to take up the sport, which raises the need for figure skating gear. In North America, well-known brands are likewise well-represented, providing a broad selection of goods and using endorsements to boost sales and market awareness.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). Growing interest in figure skating and increased engagement in winter sports will propel the figure skating equipment market's expansion in the Asia Pacific region. The number of ice rinks and skating facilities is increasing in nations like China, South Korea, and Japan, making them more accessible to would-be skaters. Figure skating competitions have become increasingly popular, especially during the Winter Olympics, which has encouraged more people to take up the sport. Further encouraging market expansion in this vibrant area are government programs to promote winter sports and the rise of regional companies selling reasonably priced gear.

The current report Scope analyzes Figure Skating Equipment Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Figure Skating Equipment

According to Cognitive Market Research, the global Figure Skating Equipment market size was estimated at USD 91.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 36.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Figure Skating Equipment market with a market size of USD 28.88 million in 2024 and is projected to grow at a CAGR of 2.0% during the forecast period. The United States has a long history of figure skating, which is bolstered by a strong network of schools and ice rinks.
• The Canada Figure Skating Equipment market had a market share of USD 4.39 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. In Canada, the popularity of figure skating, particularly among young people, has increased demand for skates and related equipment.
• The Mexico Figure Skating Equipment market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 3.33 million in 2024.

Europe Figure Skating Equipment

According to Cognitive Market Research, the global Figure Skating Equipment market size was estimated at USD 91.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 27.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.

• The United Kingdom Figure Skating Equipment market had a market share of USD 4.61 million in 2024 and is projected to grow at a CAGR of 3.3% during the forecast period. In the UK, sales of equipment increase as more people take up figure skating as a result of growing interest in winter sports.
• The France Figure Skating Equipment market is projected to witness growth at a CAGR of 1.7% during the forecast period, with a market size of USD 2.53 million in 2024.
• According to Cognitive Market Research, the German Figure Skating Equipment market size was valued at USD 5.44 million in 2024 and is projected to grow at a CAGR of 2.7% during the forecast period. In Germany, the need for high-quality equipment is fueled by Germany's established figure skating legacy and achievements in international competitions.
• The Italy Figure Skating Equipment market is projected to witness growth at a CAGR of 1.9% during the forecast period, with a market size of USD 2.36 million in 2024.
• The Russia Figure Skating Equipment market is projected to witness growth at a CAGR of 1.5% during the forecast period, with a market size of USD 4.25 million in 2024.
• The Spain Figure Skating Equipment market is projected to witness growth at a CAGR of 1.6% during the forecast period with a market size of USD 2.25 million in 2024
• The Luxembourg Figure Skating Equipment market is projected to witness growth at a CAGR of 2.6% during the forecast period, with a market size of USD 0.85 million in 2024.
• The Portugal Figure Skating Equipment market is projected to witness growth at a CAGR of 2.3% during the forecast period, with a market size of USD 0.58 million in 2024.
• The Greece Figure Skating Equipment market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 0.33 million in 2024.
• The Rest of Europe's Figure Skating Equipment market is projected to witness growth at a CAGR of 1.2% during the forecast period, with a market size of USD 4.25 million in 2024.

Asia Pacific Figure Skating Equipment

According to Cognitive Market Research, the global Figure Skating Equipment market size was estimated at USD 91.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 21.05 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Figure Skating Equipment market size was valued at USD 9.47 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Figure Skating Equipment sales surged in China due to the growing interest in figure skating as a result of large investments made in winter sports facilities and training initiatives.
• The Japan Figure Skating Equipment market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 2.90 million in 2024.
• The India Figure Skating Equipment market had a market share of USD 2.53 million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. In India, sports like figure skating are becoming more popular as the growing middle class looks for recreational activities.
• The South Korean Figure Skating Equipment market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 2.10 million in 2024.
• The Australian Figure Skating Equipment market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 1.09 million in 2024.
• The South East Asia Figure Skating Equipment market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 1.45 million in 2024.
• The Rest of Asia Pacific Figure Skating Equipment market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 1.49 million in 2024.

South America Figure Skating Equipment

According to Cognitive Market Research, the global Figure Skating Equipment market size was estimated at USD 91.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 4.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Figure Skating Equipment market size was valued at USD 1.96 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Figure Skating Equipment flourished in Brazil because the popularity of figure skating can be increased by government programs that encourage sports and physical exercise.
• Argentina's Figure Skating Equipment market had a market share of USD 0.77 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. In Argentina, Figure skating is encouraged by Argentina's growing winter and sports tourism industries.
• Colombia Figure Skating Equipment market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 0.41 million in 2024.
• Peru's Figure Skating Equipment market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 0.38 million in 2024.
• Chile's Figure Skating Equipment market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 0.33 million in 2024.
• The Rest of Latin America's Figure Skating Equipment market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 0.74 million in 2024.

Middle East and Africa Figure Skating Equipment

According to Cognitive Market Research, the global Figure Skating Equipment market size was estimated at USD 91.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 1.83 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031..

• The GCC Countries Figure Skating Equipment market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 0.78 million in 2024. Figure Skating Equipment sales flourish in GCC countries due to the presence of major market players.
• The Egypt Figure Skating Equipment market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 0.19 million in 2024.
• The South Africa Figure Skating Equipment market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 0.29 million in 2024. Figure Skating Equipment sales flourished in South Africa due to collaborations with companies that focus on figure skating and winter sports funding events and equipment availability.
• The Turkey Figure Skating Equipment market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 0.16 million in 2024.
• The Nigeria Figure Skating Equipment market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 0.19 million in 2024.
• The Rest of the MEA Figure Skating Equipment market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 0.22 million in 2024.

Figure Skating Equipment Market Analysis

Figure Skating Equipment Market Type Segment Analysis

According to Cognitive Market Research, figure skates are likely to dominate the Figure Skating Equipment Market over the forecast period. The growing popularity of figure skating as a recreational and competitive sport is driving demand for figure skates, which is a crucial part of the figure skating equipment market. This demand is caused by a number of factors, such as the growth of ice rinks and youth programs, which encourage new skaters to engage. Furthermore, technical developments in skate design, such as better materials and customization possibilities, boost comfort and performance and draw in more customers. There will likely be a large increase in demand for high-quality figure skates as figure skating becomes more popular in places like Asia Pacific and North America.

The figure skating accessories are the fastest-growing segment in the Figure Skating Equipment Market. Due to the growing popularity of the sport and the demand for related products, the market for figure skating accessories is expanding dramatically. For both performance and safety, accessories like skate bags, blade guards, warm-up gear, and protection gear are crucial. The need for these items rises as more people participate in figure skating, especially among young people. Additionally, the demand for fashionable, useful equipment and customization trends drive up sales, giving skaters the resources they need to improve their skating experience.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Figure Skating Equipment Industry. Request a Free Sample PDF!

Figure Skating Equipment Market Distribution Channel Segment Analysis

According to Cognitive Market Research, the offline segment holds the largest share of the market. Consumers can directly access products through physical retail locations, specialist sports shops, and sporting goods outlets thanks to the offline distribution channel, which is vital to the figure skating equipment market. Through this channel, clients can try on gear, get individualized fittings and guidance, and look over a variety of possibilities. Furthermore, local ice skating rinks frequently collaborate with merchants to sell equipment on-site, which improves skater convenience. Vendors use events and contests as locations to display and sell figure skating equipment, which increases sales by interacting directly with customers.

In the Figure Skating Equipment Market, the category of online has been growing quickly. The figure skating equipment market is fast changing due to the online distribution channel, which gives customers easy access to a large selection of goods. From the convenience of their homes, skaters may peruse, evaluate, and buy equipment through e-commerce platforms, which frequently include thorough product descriptions and consumer evaluations. Brand-specific internet stores, niche sports websites, and large merchants increase the availability and visibility of figure skating equipment. Moreover, social media and focused online marketing tactics draw in prospective customers, especially younger ones, which boosts sales and expands the market as more people accept the convenience of online purchasing.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Figure Skating Equipment Application Segment Analysis

Figure Skating Equipment Market Application Segment Analysis

According to Cognitive Market Research, the men segment holds the largest market share. The growing popularity of both leisure and competitive skating is driving growth in the men's portion of the figure skating equipment market. Specialized equipment, such as figure skates made for males, is becoming more and more in demand as more male skaters join the sport. For men's demands, brands are concentrating on producing high-performance skates and accessories that use cutting-edge technology to improve comfort and support. Furthermore, the presence of male athletes in contests increases male interest in figure skating, which in turn drives sales of clothing, accessories, and protective gear made especially for this market.

Women are anticipated to be the fastest-growing segment in the Figure Skating Equipment market. The growing number of female competitors and recreational skaters is fueling the notable expansion of the women's division of the figure skating equipment market. This market niche requires a wide variety of figure skates, outfits, and accessories made especially for ladies with an emphasis on performance, comfort, and style. Companies are creating more and more cutting-edge designs and technologies to improve female athletes' skating experiences. High-profile female skaters competing also help to promote figure skating and encourage more women to take up the sport, which increases demand for specialized gear and clothing.

• Men
• Women
• Kids

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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