Ice Rinks - Industry Market Research Report

Ice Rinks - Industry Market Research Report

  • May 2019 •
  • 29 pages •
  • Report ID: 5103970 •
  • Format: PDF

Gliding on: The industry will be driven by rising disposable income, time spent on leisure and health awareness

Abstract

Ice Rinks
The Ice Rinks industry has experienced strong growth over the five years to 2019. Demand for ice activities, which tend to be relatively more expensive than other forms of sports and exercise, has fared well during the period amid rising per capita disposable income and increased participation in sports. Despite its strong overall growth, industry operators have been forced to contend with other sports and forms of exercise competing for consumer leisure time. To combat increased competition, rising utility costs and constantly shifting consumer sport and leisure preferences, industry operators have been developing larger state-of-the-art facilities to spread high-fixed building and maintenance costs over a larger and more diversified customer base to maintain profitability.The industry is expected to continue growing over the five years to 2024, driven by improvements in disposable income, time spent on leisure and health awareness. Rising concern over childhood obesity rates and inactivity levels will also present industry operators with opportunities in the youth market.

Operators in this industry include operators that primarily manage ice rinks for recreational and professional use. These ice rinks offer ice skate rentals and ice skating classes but also provide other amenities including indoor sports and concessions. This report includes for-profit and nonprofit facilities that generate revenue through membership or admissions fees. It excludes any publicly owned and operated ice rinks.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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