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North America is seen as the most lucrative region for the ice hockey equipment market, backed by strong engagement in ice hockey sports in the U.S. and Canada. Regional trends and sports regulatory policies play an important role in the development of the North Americau2019s ice hockey equipment market.
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FACT.MR TIPS ABOUT ICE HOCKEY EQUIPMEMT Due to the extremely high popularity of ice hockey in developing regions and the advent of new business opportunities in the Asia Pacific, the global ice hockey equipment market is expected to expand significantly. Due to the extremely vast number of teams in these countries, the ice hockey equipment market's growth opportunities are more consolidated in North America and Europe.The ice hockey equipment market is projected to grow at a CAGR of 6.4 percent over the next five years (2020-2030). The demand for ice hockey equipment has been fuelled by the increasing use of digital platforms to ensure global reach and regional distribution of their goods. Most people nowadays like ice hockey as a leisure activity or a new sport for fitness, and the media is having a larger influence on the growing popularity of the sport around the world.