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Field Hockey Equipment Market Trends

Report ID: GMI11611
Published Date: Sep 2024
Report Format: PDF

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Field Hockey Equipment Market Trends

The proliferation of e-commerce has significantly streamlined the process for consumers to acquire field hockey equipment. Online retailers typically offer a more extensive range of products than traditional sports stores. These digital platforms enable consumers to conduct thorough product research and read reviews, enhancing their purchasing confidence. According to the U.S. Census Bureau, e-commerce sales in the United States reached $870.8 billion in 2021, reflecting a 14.2% increase from the previous year, underscoring the growing reliance on online shopping.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for field hockey equipment was valued at USD 4.9 billion in 2023 and is projected 20to grow at a CAGR of 4.3% from 2024 to 2032.

The equipment segment, which includes field hockey sticks and balls, holds the maximum share in the market. It generated around USD 3.6 billion in 2023 and is expected to grow at a CAGR of 4.4% in the coming years.

The market is divided into online and offline channels. The offline segment, including specialty and sports shops, holds around 66.1% of the total market share and is expected to grow at a CAGR of 3.9% during the forecast period.

The offline segment, including specialty and sports shops, holds around 66.1% of the total market share and is expected to grow at a CAGR of 3.9% during the forecast period. Offline retailers offer expert advice and allow customers to physically inspect, handle, and test equipment like sticks and protective gear.

North America held around 37.4% of the market in 2023 and is expected to grow at a CAGR of 5.3%. The region's focus on youth programs and the popularity of field hockey as a women's sport have driven participation, especially at the high school level.

Major players in the market include Adidas AG, Gryphon Hockey Ltd, Grays Hockey, STX, Harrow Sports, and Kookaburra Sport Pty Ltd, among others.