Market Size of Field Hockey Equipment Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 2.25 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Field Hockey Equipment Market Analysis
The Field Hockey Equipment Market size is expected to grow from USD 6.26 billion in 2023 to USD 7 billion by 2028, at a CAGR of 2.25% during the forecast period (2023-2028).
Hockey is an outdoor sport that is played by many countries. Rising interest and participation rates in outdoor sports like field hockey, increasing government initiatives to encourage participation in field hockey, and increasing televised coverage of international hockey events are some of the key factors driving the market growth. Moreover, children are taking more interest in field hockey as they are following the sports players. According to Sports England data from 2021, 3.4% of children participated in hockey in 2021. Increasing government measures to encourage participation in field hockey and expanded broadcast coverage of international hockey games are driving the field hockey equipment market growth globally.
The growing adoption of online shopping by consumers and the rising number of grassroots programs in schools, colleges, and clubs are major factors driving the sales of field hockey equipment globally. Women are also becoming more active in field hockey sports. The governments of various countries are arranging sports competitions and events for women's and men's hockey. For instance, FIH Hockey Women's Nation's Cup was set in December 2022 in Spain. Other countries like India, Korea, Japan, Ireland, and Italy also participated in the event. The easy availability of counterfeit products is restraining the growth of the field hockey equipment market. Over the medium term, the growing interest of people in this sport and innovations in products is expected to drive the market.
Field Hockey Equipment Industry Segmentation
Field hockey is a team sport played by athletes using sticks with the objective of scoring. The Field Hockey Equipment Market is segmented by product type, distribution channel, and geography. The market is segmented by product type into hockey sticks and balls, field hockey shoes, and protective gear and accessories. Protective gear and accessories are further sub-segmented into pads, helmets, and other protective gear and accessories. By distribution channel, the market is segmented into offline retail stores and online retail stores. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East, and Africa. The market sizing has been done in value terms in USD for all the abovementioned segments.
| Product Type | |||||
| Hockey Sticks and Balls | |||||
| Field Hockey Shoes | |||||
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| Distribution Channel | |
| Offline Retail Stores | |
| Online Retail Stores |
| Geography | |||||||||
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Field Hockey Equipment Market Size Summary
The field hockey equipment market is experiencing a steady expansion, driven by increasing interest and participation in outdoor sports globally. Factors such as government initiatives to promote field hockey, expanded media coverage of international events, and a growing interest among children and women are contributing to this growth. The sport's physical demands and utility as a form of exercise are attracting new players, further boosting market demand. The rise of online shopping and grassroots programs in educational institutions also plays a significant role in enhancing equipment sales. However, the presence of counterfeit products poses a challenge to market growth. Despite this, innovations in equipment and increased government support are expected to sustain the market's upward trajectory.
The Asia-Pacific region is the fastest-growing market for field hockey equipment, with countries like China, Australia, India, Pakistan, and South Korea leading the charge. These nations are hosting numerous international tournaments, which in turn boosts the popularity and demand for field hockey equipment. The market is highly competitive, with numerous local and international players engaging in product innovations, expansions, and strategic partnerships to enhance their offerings. Companies are investing heavily in research and development to provide advanced equipment, while also leveraging social media and online channels for marketing. Key players in the market include Adidas AG, Gryphon Hockey, Grays of Cambridge, STX, and Dita Hockey, all of which are actively working to attract more customers through innovative products and strategic initiatives.
Field Hockey Equipment Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Hockey Sticks and Balls
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2.1.2 Field Hockey Shoes
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2.1.3 Protective Gear and Accessories
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2.1.3.1 Pads
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2.1.3.2 Helmets
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2.1.3.3 Other Protective Gears and Accessories
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2.2 Distribution Channel
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2.2.1 Offline Retail Stores
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2.2.2 Online Retail Stores
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Spain
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2.3.2.2 United Kingdom
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2.3.2.3 Germany
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2.3.2.4 France
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2.3.2.5 Italy
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2.3.2.6 Russia
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2.3.2.7 Rest of Europe
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2.3.3 Asia Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 South Africa
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2.3.5.2 United Arab Emirates
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2.3.5.3 Rest of Middle-East and Africa
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Field Hockey Equipment Market Size FAQs
What is the current Field Hockey Equipment Market size?
The Field Hockey Equipment Market is projected to register a CAGR of 2.25% during the forecast period (2024-2029)
Who are the key players in Field Hockey Equipment Market?
Adidas AG, Grays of Cambridge (International) Ltd, Gryphon Hockey Ltd, STX and Dita Hockey are the major companies operating in the Field Hockey Equipment Market.
