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Published Date: 2017-09-05Number of Pages: 170

Field Hockey Equipment Market (Product Type - Shoes, Hockey Sticks, Helmets, Shin Guards, Protective Pads; Sales Channel - Independent Sport Stores, Franchised Sport Stores, Modern Trade Channels, Direct to Customer, Online; End Use - Individual, Institutional, Promotional) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022

Field Hockey Equipment Market: Overview

Field hockey is becoming an ever-popular sport due to its growing commercial profile, which is leading to growing televised coverage and a concurrent rise in the demand for field hockey equipment. Field hockey is popular across a widespread array of regions due to its simple appeal, and has become a lucrative commercial sector in recent years due to the growing interest of various demographics in sports activities. The growing television coverage of the sport is likely to drive popular interest in the coming years, leading to steady growth in demand from the global field hockey equipment market.

According to Transparency Market Research, the global field hockey equipment market is likely to rise from a valuation of around US$1.6 bn to close to US$1.8 bn over the 2017-2022 forecast period.

Institutional End Use Likely to Contribute Significantly

The field hockey equipment market is likely to benefit from the rising demand for field hockey equipment from individuals as well as institutions. Institutional use of field hockey equipment is likely to grow steadily in the coming years from across the world due to the growing realization of the utility of field hockey as a physical activity as well as a team bonding exercise. The global field hockey equipment market is thus likely to exhibit a steady growth trajectory in the coming years. Individual interest in field hockey is also likely to grow in the coming years, aided by the steady development of revenue generation opportunities in the field hockey sector, and thus drive the global field hockey equipment market.

Rising Awareness of Cardiovascular Benefits Drives Interest in Field Hockey

Field hockey is one of the most physically demanding sports thanks to the stance and strength required of hockey players. This has become a key driving factor for the global field hockey equipment market, as a number of new players are getting interested in the sport due to its utility as an exercise. Enhancing one’s cardiovascular strength has become an important aspect of the physical conditioning regimes of many modern consumers, leading to sports such as field hockey receiving growing demand. This is likely to remain a key driver for the global field hockey equipment market in the coming years, particularly due to the growing incorporation of online and other modern shopping channels in the global market.

Rising Availability on Online Shopping Channels to Drive Demand for Field Hockey Equipment

The rising use of online shopping channels by modern consumers has led many leading players in the field hockey equipment market to make full use of this avenue. This has led to growing availability of field hockey equipment in online shopping avenues, making growth of the market likely in the coming years. Since field hockey equipment, unlike the equipment of many other sports, doesn’t need strict tailoring to personal measurements, it can be easily purchased on online shopping portals. The rising use of online shopping portals by modern consumers is thus likely to remain a key driver for the global field hockey equipment market in the coming years.

Europe, APEJ to Dominate Global Field Hockey Equipment Market

Geographically, Europe is the leading contributor to the global field hockey equipment market. The regional market is likely to rise to a valuation of US$675.4 mn by 2022. The Asia Pacific except Japan market for field hockey equipment is another key player in the global market’s dynamics, with a strong 2.2% CAGR expected to carry the market to a valuation of US$520.7 mn by 2022.

Field Hockey Equipment Market: Competitive Dynamics

Leading players in the heavily fragmented global field hockey equipment market include Grays International, Mazon Hockey, Gryphon Hockey, Adidas AG, Osaka Hockey, OBO, and TK 

Global Field Hockey Equipment Market: Overview

Field hockey has caught on in a big way in recent years due to major promotional activities and the consequent rise in the popularity of the sport. The global market for field hockey equipment has thus grown by leaps and bounds and is likely to remain a major revenue earner in the coming years. The competitive profile of field hockey has gone up due to the increasing coverage of the sport in global tournaments such as the world cup and the Olympics. Due to this, a rising number of new players are getting interested in field hockey, leading to promising prospects for the global field hockey equipment market.

According to Transparency Market Research, the global field hockey equipment market was valued at more than US$1.6 bn in 2017. The market is likely to rise to a valuation of close to US$1.8 bn over the 2017-2022 forecast period.

Global Field Hockey Equipment Market: Key Drivers and Restraints

The prime driver for the field hockey equipment market is the rising interest and participation in the sport. The relatively simple requirements of field hockey, particularly compared with more popular sports such as ice hockey, have also made it popular among a rising number of new players. The increasing televised coverage of international hockey events is likely to further drive interest in the sport in the coming years, leading to steady growth of the field hockey equipment market.

The ease of accessing field hockey equipment shopping portals on the Internet has also driven the global field hockey equipment market. Many users in developed countries prefer online shopping than conventional brick-and-mortar stores. The high popularity of field hockey in regions such as Europe and North America is thus likely to aid the global field hockey market in the coming years.

Global Field Hockey Equipment Market: Segmentation

Shoes represent the largest product segment of the global field hockey equipment market. Steady development in the footwear industry, with new developments making it ever easier to get shoes fit to the precise comfort levels of the user, are likely to drive the shoes segment of the field hockey equipment market along in the coming years. The shoes segment was valued at US$772.6 mn in 2017, and is likely to rise to US$866.5 mn by 2022 at a stable 2.3% CAGR.

Geographically, North America and Europe are likely to exhibit robust CAGRs of 2.6% and 2.3%, respectively, over the 2017-2022 forecast period, with the APEJ (Asia Pacific except Japan) market also likely to exhibit a strong 2.2% CAGR. The North America market for field hockey equipment, valued at US$296 mn in 2017, is expected to rise to US$335.9 mn by 2022. However, Europe is likely to remain the leading contributor to the global field hockey equipment market in the coming years and could account for more than US$675 mn by 2022. Asia Pacific except Japan represents a promising regional segment for the global field hockey equipment market and is expected to rise to a valuation of US$520.7 mn by 2022.

Global Field Hockey Equipment Market: Competitive Dynamics

The global field hockey equipment market is heavily fragmented and features numerous market leaders such as Grays International, Mazon Hockey, Gryphon Hockey, Adidas AG, Osaka Hockey, OBO, and TK Hockey.


 
 
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