Field Hockey Equipment Market: Global Industry Analysis and Forecast (2023-2029) Trends, Statistics, Dynamics, Segmentation by Product Type, Distribution Channel, Application, and Region.

Field Hockey Equipment Market was valued at US$ 7.31 Bn. in 2029. Global Field Hockey Equipment Market size is estimated to grow at a CAGR of 2.45%.
Field Hockey Equipment Market Overview:
Hockey is a popular sport in which a hockey stick and a ball along with safety equipment are used to play. Depending on the player's efficiency, the hockey sticks are available in a variety of shapes and sizes, which are made of various materials such as carbon fiber, aramid, and other lightweight and strong materials. Hockey also necessitates the use of a shin guard, gloves, and other equipment. These items aid the player's ability to perform more efficiently and successfully on the field.



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Field Hockey Equipment Market Dynamics:
Increasing government measures to encourage participation in field hockey along with increased broadcast coverage of international hockey games are driving the field hockey equipment market growth across the globe. The growing adoption of grassroots grounds along with increasing sports activities like hockey sports in schools, colleges, and groups are also driving the product demand. However, the availability of counterfeit products is expected to hamper the field hockey equipment market growth throughout the forecast period.

Thanks to the increased demand for field hockey equipment, the companies are developing new tactics to acquire a competitive advantage over their competitors. As a result, businesses support sporting events and athletes who help them for improving their brand image, resulting in customers' attention being drawn to this, which in turn, boosting the product demand across the globe. In addition, with the growing popularity of outdoor games, players are looking for the best equipment, which is durable and efficient. As a result, the companies are developing items, which fulfill the requirement of the consumer along with products that safeguard athletes from injury.

The growing number of field hockey tournaments across the globe are also driving the popularity of hockey game, which in turn driving the field hockey equipment market growth across the game. For Instance, Men’s Hockey World Cup, Women’s Hockey World Cup, Olympics Games Men’s Champion Trophy are the major tournaments are driving the popularity of game across the globe.
Field Hockey Equipment Market Segment Analysis:
Based on the Product Type, the Field Hockey Equipment Market is segmented into Hockey sticks, Helmets, Shin Guards, Shoes, Protective Gears, and others. The Hockey Sticks segment held the largest market share, accounting for 47.36% in 2020. Hockey Stick is a wooden stick and available in varying lengths from 26'' to 38.5'', which is depending on the height of the player. The growth of this segment is attributed to regular players' frequent replacements of hockey sticks in order to maintain maximum performance. Constant improvements to make lighter and stronger sticks are also expected to boost the product demand for this segment. Among the major key players, Adidas is the market leader in all user segments, including men and women, as the majority of players use Adidas sticks.

Based on the Distribution Channel, the Field Hockey Equipment Market is segmented into Specialty and Sports Shops, Department and Discount Stores, Online Retail, and Others. The Specialty and Sports Shops segment held the largest market share, accounting for 37.12% in 2020. As there is an enormous number of brands and product types available in field hockey equipment, sports specialty stores are the most preferred distribution channels for retail sales. The increased potential for online sales of various sports equipment has driven online vendors to improve their buy processes in terms of security and reliability, which has boosted demand for these products. Secure transactions, cash on delivery choices, quick return policies, and integrated and centralized customer service are expected to attract consumers to shop online. The majority of suppliers are implementing online retail techniques to cut costs and enhance profit margins, which is expected to boost the field hockey equipment market over the forecast period.
Field Hockey Equipment Market Regional Insights:
Asia Pacific region held the largest market share accounted for 47.38% in 2020. The top contributors in the region are China, Australia, India, Pakistan, and South Korea. These countries have begun to organize a number of international field hockey tournaments, which is increasing field hockey's appeal and demand. For instance, India has hockey as a national game of the country and hosted the 2018 Men's Hockey World Cup and again it is going to host 2023, Hockey World Cup. In addition, other popular field hockey competitions in Asia-Pacific include the ASHF Asia Cup and the Sultan Azhlan Shah Cup are also boosting the popularity of hockey sport, which in turn, is expected to fuel the field hockey equipment market growth during the forecast period. A surge in women's participation rates along with government initiatives is expected to boost the field hockey equipment market growth in the region.

North America region is expected to witness significant growth at a CAGR of 2.41% during the forecast period. The region's growth is attributed to the growing number of field hockey tournaments Like the National Hockey Festival, FIH Hockey Pro League, and Pan American Cups along with growing number of participants in the sport. As a result, the field hockey equipment market in the US is expected to witness a promising opportunity in the online and offline retail markets.

The objective of the report is to present a comprehensive analysis of the global Field Hockey Equipment Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Field Hockey Equipment Market dynamic, structure by analyzing the market segments and projecting the Field Hockey Equipment Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Field Hockey Equipment Market make the report investor’s guide.
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Field Hockey Equipment  Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 4.92 Bn.


Forecast Period 2023 to 2029 CAGR:
2.45%
Market Size in 2029:
US $ 7.31 Bn.


 Segments Covered:
by Product Type
• Hockey Stick
• Helmets
• Shin Guards
• Shoes
• Protective Gears
• Others


by Distribution Channel
• Specialty and Sports Shops
• Department and Discount Stores
• Online Retail
• Other


by Application
• Individual
• Institutional
• Promotional



Field Hockey Equipment Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Holland and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Field Hockey Equipment Market Key Players
• Adidas
• Grays
• JDH
• Kookaburra
• MALIK
• Gryphon Hockey
• Princess Sportsgear
• Ritual Hockey
• OBO
• TK Hockey
• STX
• ATLAS Hockey
• Dita
• Mazon Hockey
• Osaka Hockey
• JDH
• Harrow Sports
• Hockey Gear Review
• Sports Unlimited
• Lax World

Frequently Asked Questions:

1. Which region has the largest share in Global Field Hockey Equipment Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Field Hockey Equipment Market?
Ans: The Global Field Hockey Equipment Market is growing at a CAGR of 2.45% during forecasting period 2023-2029.

3. What is scope of the Global Field Hockey Equipment Market report?
Ans: Global Field Hockey Equipment Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Field Hockey Equipment Market?
Ans: The important key players in the Global Field Hockey Equipment Market are – Adidas, Grays, JDH, Kookaburra, MALIK, Gryphon Hockey, Princess Sportsgear, Ritual Hockey, OBO, TK Hockey, STX, ATLAS Hockey, Dita, Mazon Hockey, Osaka Hockey, JDH, Harrow Sports, Hockey Gear Review, Sports Unlimited, and Lax World

5. What is the study period of this Market?
Ans: The Global Field Hockey Equipment Market is studied from 2022 to 2029.