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

The Ice Rinks industry leveled out over the past five years after melting for a period during the recession. Demand for ice activities, which tend to be relatively more expensive than other forms of sports and exercise, took longer to rebound after the recession, as unemployment remained high and wages stagnated. Nevertheless, a resurgence in interest in ice hockey has helped replenish demand for ice rink management companies, raising revenue and encouraging the development of new facilities. The industry is expected to continue to grow over the next five years, driven by improvements in disposable income, consumer confidence and health awareness...read more.

Industry Statistics & Market Size
Revenue
$618m
Annual Growth 11-16
2.2%
Forecast Growth 16-21
Profit
Employment
12,115
Businesses
501
Market Share of Companies
There are no companies with a dominant market share in this industry
What Our Customers Say

Industry Threats & Opportunities

  • Higher sports participation rates and growing health concerns have boosted industry demand
  • Consumers are becoming more health conscious due to mounting healthcare costs and obesity rates
  • Despite the trend toward larger facilities, industry profit will fall
  • Industry Report - Industry Key Buyers Chapter

    The Ice Rinks industry displays a low level of market share concentration; the top four industry players are estimated to account for less than 5.0% of the industry in 2016. Most of the industry's enterprises operate one to two rinks and earn less than $1.0 million in annual revenue. Fragmented industries such as the Ice Rinks industry have medium barriers to entry and moderate competition between businesses. Larger industry players with several ice rinks under management have grown in the past five years, as ice rinks in distress sought acquisition in the postrecessionary period. Nonetheless, the number of industry businesses has grown in the five years to 2016 while the number of establishments has also grown, indicating that the industry is still expanding. 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 is the Ice Rinks Industry?

    Operators in this industry include firms 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
  • 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 (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Participation in sports (2007-2021)

  • 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.
  • Why buy this report?

    IBISWorld’s industry research report on Ice Rinks can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    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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