Global Figure Skating Equipment Market 2018-2022 | Rising Popularity and Sports Tournaments to Boost Demand

Global Figure Skating Equipment Market 2018-2022 | Rising Popularity and Sports Tournaments to Boost Demand

LONDON–(BUSINESS WIRE)–Sep 24, 2018–The global figure skating equipment market 2018-2022 is expected to post a CAGR of close to 5% during the forecast period, according to the latest market research report by .

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Technavio has published a new market research report on the global figure skating equipment market for the period 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the rise in the number and popularity of sports tournaments. The growing interest of people across the world in sports activities has had a direct impact on the growth and proliferation of sporting tournaments. Figure skating has gained popularity over the years, right from its advent in the 19 th century. Figure skating is a sport that can be adopted by any age group, making it a sporting activity with universal appeal.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the growing popularity of figure skating in developing countries as one of the key emerging trends in the global figure skating equipment market:

Global figure skating equipment market: Growing popularity of figure skating in developing countries

Figure skating is a sport with some similarities to ice skating, but there are many aspects to it that differentiate the sport from ice skating. Figure skating is a multifaceted sport, combining aesthetics with athletics. Also known as synchronized skating, figure skating involves a combination of speed, movement, music, and choreography which has helped in making the sport popular in the world.

“Many developing countries have begun taking a liking to the sport. Countries in APAC today stand out as one of the growing adopters of figure skating on an international level. For instance, the Ice Skating Association of India, the governing body for the sport in the country that oversees ice skating and figure skating, is affiliated to the ISU and the Asian Skating Union,” says a senior analyst at Technavio for research on outdoor gear.

Global figure skating equipment market: Segmentation analysis

This market research report segments the global figure skating equipment market by product (figure skates and accessories) and geographical regions (APAC, EMEA, and the Americas).

The Americas led the market in 2017 with a market share of more than 51%, followed by APAC and EMEA respectively. The markets in Eastern Europe and South America are expected to gain traction during the forecast period. The market in APAC is also growing with the highest growth stemming from developing nations such as China and India.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem
Market characteristics
Market segmentation analysis

Market Sizing

Market definition
Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison
Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered
Vendor classification
Market positioning of vendors
Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 09/24/2018 03:36 PM/DISC: 09/24/2018 03:36 PM

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