Ice Skating Rental Equipment Service Market: Introduction

  • Ice skating refers to gliding across an ice surface with the use of metal-bladed ice skates. People skate for several reasons, including recreation, exercise, commuting, and competitive sports. Ice skating can be performed on naturally frozen bodies of water, such as ponds, canals, lakes, and rivers, and on man-made ice surfaces such as ice rinks, ice hockey rinks, and arenas, both indoors and outdoors. All skaters are required to wear a hard shell helmet, protective sports glasses, cut resistant gloves, neck guard, knee pads, and shin guards. Skaters must dress properly so that no area of the skin, from the chin down to the toes, are exposed. Many companies provide rental services for ice skating equipment. Those who do not wish to buy such equipment can opt for rental services.

Key Drivers of the Global Ice Skating Rental Equipment Service Market

  • Increasing number of people opting for ice skating as a sport of thrill and leisure, presence of waterless ice skating rinks, rising disposable income in both developed and emerging economies, increasing technological developments, increasing ice skating sports, and growing eco-friendly skating rinks are factors which trigger the demand for ice skating equipment. Ice skating equipment is costly so people are opting for rental services.
  • Ice skating equipment used in ice skating sports include skates, clothing, rinks, etc., and for people who are not willing to buy these products, renting is the preferred option. This is expected to further accelerate the overall growth of the ice skating rental equipment service market.

Factors Restraining the Global Ice Skating Rental Equipment Service Market

  • Ice sports requires safety precautions such as appropriate clothing; helmets are recommended to avoid hazards; this can restrict users from opting for renting ice skating equipment as the products are already used and may lack quality and it may affect the performance of the skater. This can be a hindrance to the growth of the market.

Market in Asia Pacific to Expand Rapidly

  • In terms of region, the global ice skating rental equipment service market can be divided into North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
  • North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the ice skating rental equipment service market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the ice skating rental equipment service market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America ice skating rental equipment service market is segmented into Brazil, and Rest of South America.
  • North America accounted for largest share of the global ice skating rental equipment service market due to presence of well-established ice skating equipment providers which influences the market growth in the region. Increasing popularity of outdoor ice rinks, and ice skating academies in the region are attracting large number of skating enthusiasts, which in turn propels the demand for ice skating equipment as such equipment are expensive and renting is a preferred option with the flexibility to change the model. This is majorly contributing to the growth of the ice skating rental equipment service market in North America.
  • The ice skating rental equipment service market in Asia Pacific is projected to expand rapidly during the forecast period due to changing consumer preference toward adventure ice sports. Growing popularity of ice sports such as skating, and ice hockey, and rising participation in Asian Games propels the demand to rent skating equipment so one can try different makes and models. This is expected to fuel the growth of the ice skating rental equipment service market in the region.

Key Players Operating in the Global Market

Companies in the ice skating rental equipment service market follow innovative strategies to develop advanced ice skating equipment which helps the skaters to enhance the skating experience. Companies are focusing on innovations and providing cost effective and efficient ice skating equipment which helps to propel the global demand for ice skating rental equipment. Significant competition is a major challenge, and hence companies are strategizing on partnerships, agreements, and acquisitions to expand their presence in the market.

A few of the key players operating in the global ice skating rental equipment service market are:

  • American Athletic Inc.
  • Everything Ice, Inc. (RentalSkate)
  • EZ ICE, Inc.
  • Ice at the Galleria
  • Ice-America
  • IceBuilders, Inc.
  • Ice-World International
  • Lankwitz ice rink
  • Magic Ice USA, Inc.
  • Rink Management Services Corporation
  • Special Ice
  • Xtraice

Global Ice Skating Rental Equipment Service Market: Research Scope

Global Ice Skating Rental Equipment Service Market, by Product Type

  • Ice Skates
  • Apparel
  • Protective Glasses & Helmet
  • Others (Skate Bags, Knee Pads, etc.)

Global Ice Skating Rental Equipment Service Market, by End-user

  • Men
  • Women
  • Kids

Global Ice Skating Rental Equipment Service Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

The report on the global ice skating rental equipment service market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Ice Skating Rental Equipment Service Market