The U.S. ice skating rink market is expected to grow at a CAGR of 4% from 2019 to 2025. The growing health awareness is prompting people to undertake various sporting activities, including ice sports, such as hockey, ringette, bandy, broomball, speed skating, figure skating, and dancing, among others. At the same time, the rising levels of disposable income are allowing people to spend more on recreational activities, including skating and other activities.
The growing popularity of sports and recreational activities carried out on the ice in the U.S. is encouraging rink management companies to develop indoor as well as outdoor areas. Although rinks are particularly in demand in a few states in the U.S., such as California, Illinois, Massachusetts, Michigan, Minnesota, and New Jersey, among others, which witness snowfall for a longer duration of the year, rink management companies are coming up with artificial arenas in other states as well in response to the growing demand. Artificial arenas comprise a slab of concrete. Pipes carrying chilled fluid run through this slab. The chilled fluid causes the platform to freeze.
Some rink management companies primarily manage rinks for recreational as well as professional use. As such, they offer skates and other accessories on rent and also organize skating classes as part of their business. On the other hand, companies, such as Sun Valley Resort, Rockefeller Center, and Vail Resorts Management Company, among others, operate outdoor and indoor arenas, where adults and kids can use these arenas by paying on an hourly basis.
Natural rinks can be created on open water bodies, such as lakes, ponds, and canals, by leveling and cleaning the ice accumulated on these water bodies. Such a practice tends to be cost-effective and also requires lesser efforts in leveling and paving. Hence, several operators opt for natural arenas during the winter season. However, natural rinks are available only for a limited time period, particularly during the winters. Moreover, synthetic rinks, which comprise a solid polymer material, are also being developed in several parts of the U.S. Such arenas can potentially serve as an alternative to ice rinks and are hence expected to hamper the growth of the market.
The ice skating rink market has been segmented on the basis of type and application. Based on type, the market has been further segmented into outdoor and indoor. The outdoor segment dominated the market in 2018, as outdoor rinks tend to be cost-effective and eco-friendly. However, the indoor segment is expected to grow over the forecast period as unlike outdoor arenas, which tend to be seasonal and are hence available for a limited time, indoor arenas are available throughout all the seasons.
Based on the application, the ice skating rink market has been further segmented into ice skating, bandy skating, figure skating, dancing, and others. The skating segment is expected to grow significantly over the forecast period as the rising levels of disposable income are allowing people to spend more on recreational activities and skating is emerging as a popular recreational activity.
Sun Valley Resort, Rockefeller Center, Vail Resorts Management Company, Ice at the Galleria, The Skating Club of Boston, Ice Builders, Ice-World International, Ice-America, Special Ice., EZ ICE, Inc., Rink Management Services Corporation, Magic Ice USA, Inc., National Sports Center, ice rink lankwitz, and XTRAICE are some of the leading incumbents of the skating rinks market.
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