Smooth skating: Growing disposable income levels and rising health awareness have aided demand

The Ice Rinks industry has experienced strong growth over the five years to 2018. 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. Moreover, a resurgence in interest in ice hockey has helped boost demand for ice rink management companies, raising revenue and encouraging the development of new facilities. Despite its strong overall growth, industry operators have been forced to contend with other sports and forms of exercise competing for consumer leisure time...purchase to read more.

Industry Statistics & Market Size
Revenue
$871m
Annual Growth 13-18
3.3%
Forecast Growth 18-23
Profit
Employment
41,391
Businesses
1,745
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Despite its strong overall growth, industry operators have been forced to contend with other sports and forms of exercise
  • Wages, which are not fixed costs, are typically the first to be cut
  • As the economic conditions continue to improve, disposable income will accelerate
  • Industry Report - Industry Products Chapter

    Recreation and fitness servicesRecreation and fitness services include admission fees to ice rinks on a per-visit basis, as well as membership fees for consumers, particularly athletes, who utilize ice rinks often. An estimated 60.0% of the industry's revenue in 2018 is expected to be provided by these fees, the industry's most lucrative source of sales. Many customers will bring their own ice skates and gear to the rinks, making these fees important to the operation and maintenance of ice rinks. While municipal rinks are not included in this industry, private ice rinks that are partially funded by municipalities typically are required to keep admission costs low for locals, in order to support the community's involvement. Thi...purchase to read more.

    Additional Insights for the Ice Rinks Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Ice Rinks Industry are

  • Proximity to key markets
  • Ability to allocate product/service to area of greatest need
  • Ability to attract local support/patronage
  • IBISWorld analysts also discuss how external factors such as Participation in sports and Time spent on leisure and sports in the Ice Rinks industry impact industry performance..

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    What's in this report

    What is the Ice Rinks Industry?

    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.

    Industry Products
  • Recreation and fitness services
  • Sports teams and tournaments services
  • Athletic instruction
  • Food and beverage sales
  • Rental and resale of equipment
  • Rental of space and facilities
  • Industry Activities
  • Operating indoor sports facilities
  • Organizing sports teams and tournament services
  • Offering rental and resale of equipment
  • Offering food and beverages
  • Offering athletic instruction
  • Offering rental of space and facilities
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Participation in sports
  • Time spent on leisure and sports
  • Per capita disposable income
  • Number of adults aged 20 to 64
  • Yield on 10-year Treasury note

  • Current Performance
  • Operating conditions improve
  • Sports participation trends present new opportunities
  • Rising external competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Operating conditions improve
  • Sports participation trends present new opportunities
  • Table: Ice Rinks Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Ice Rinks Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Advertising Agencies
  • Single Location Full-Service Restaurants
  • Tourism
  • Consumers

  • Key Selling Industries
  • Industrial Building Construction
  • Lighting Fixtures Manufacturing
  • Sporting Goods Stores
  • Water & Sewer Line Construction

  • Products & Services
  • Recreation and fitness services
  • Sports teams and tournaments services
  • Rental and resale of equipment
  • Other
  • Food and beverage sales
  • Athletic instruction
  • Rental of space and facilities
  • Chart: Ice Rinks Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 34 and younger
  • Consumers aged 35 to 54
  • Consumers aged 55 and older
  • Chart: Major Market Segmentation for the Ice Rinks Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent and utilitiesAdvertisingDepreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Ice Rinks

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Ice Rinks Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Ice Rinks Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Ice Rinks Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Participation in sports (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Prime Time Ice
  • A period of time when ice rink managers boost ice rental rates due to increased traffic and demand for services.
  • Turnkey Facilities Management
  • Day-to-day management of facilities by a hired management company.
  • Zamboni Machine
  • A vehicle or hand-pushed device used to clean and smooth the surface of an ice sheet, usually in an ice rink.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Ice Rinks Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Ice Rinks industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Ice Rinks:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Ice Rinks market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Ice Rinks, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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