Ice Rinks in the US - Industry Market Research Report

Skating by: Rising participation in sports will support future growth

Ice rinks operators contracted over the past five years, primarily due to the adverse effects of COVID-19 on downstream customers. While demand for ice activities, which tend to be relatively more expensive than other forms of sports and exercise, has fared well over the past five years, the onset of the pandemic in March 2020 drastically altered the landscape during the latter half of the period. Operators contended with mandated closures of facilities in the interest of public health. Although the longevity of these closures varied from state to state, the effect on the industry included a sharp drop in revenue and profit. Upon reopening, capacity restrictions and social distancing requirements limited revenue growth at ice rinks, while demand remained tempered by pandemic concerns among consumers and regular seasonality. Although widespread vaccine availability encouraged consumers to release pent-up demand and return to ice rinks in 2021, revenue remains significantly below pre-pandemic totals. Overall, revenue fell at a CAGR of 3.4% to an estimated $585.6 million through the end of 2023. Ice skating operators 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.