Ice Rinks in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: August 2024
NAICS OD5347Revenue
$585.6m
Past 5-Year Growth
Profit
$XX.Xm
Employees
7,683
Businesses
449
Wages
$XXX.Xm
Ice Rinks in the US industry analysis
Ice rinks in the United States have faced a challenging landscape in recent years, marked by pressure from economic conditions and shifting consumer interests. Ice rinks have seen fluctuating attendance rates but have stayed afloat by diversifying their offerings and cultivating strong community ties. The increasing emphasis on personal health and fitness trends has helped draw varied population segments. Revenue fell at a CAGR of 0.6% to an estimated $714.7 million in 2024, climbing 1.0% that year.
Trends and Insights
- While figure skating's popularity has waned, growing interest in ice hockey has helped ice rinks maintain attendance. By catering to diverse customer needs, ice rinks attract a steady stream of visitors.
- High demand for ice skating bolsters revenue generated from recreation and fitness services. The shift toward healthier activities from consumers incentivizes a higher rate of participation in recreational and fitness skating at ice rinks.
- Ice rinks’ popularity in large metropolitan areas fuels establishment growth. Regions that house considerable population centers are able to provide operators with access and proximity to a large basket of customers.
- Ice rinks that provide competitive market pricing enhances internal competition. Customers will look to gain access to ice rinks that have the most favorable pricing and can accommodate a variety of individual and family customers.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 3.4 % over the past five years, to reach an estimated $585.6m in 2024.
Trends and Insights
Diversified usage of ice-skating rinks offsets large-scale losses
- Ice skating rinks' ability to attract a wide range of customers and provide various offerings helps offset larger revenue losses. This approach ensures regular demand by catering to different customer needs.
- Additional trends and insights available with purchase
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Economic growth will accelerate demand for ice rink services
- As consumer sentiment expands and per capita disposable income continues growing, ice skating rinks will benefit from a higher revenue stream from core customer groups.
Biggest companies in the Ice Rinks in the US
| Company | Market Share (%)
2024 | Revenue ($short_0)
2024 | Profit ($short_0)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Ice Rinks in the US industry for IBISWorld to include in this product.
Products & Services Segmentation
Ice Rinks in the US
Products & Services
Industry revenue is measured across several distinct product and services lines, including Recreation and fitness services, Sports teams and tournaments services and Athletic instruction. Recreation and fitness services is the largest segment of the Ice Rinks in the US.
Trends and Insights
Strong consumer interest continues to fuel high revenue from recreation and fitness services
- This product segment generates revenue from admission fees for ice rink access and membership fees for consumers like athletes.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Arcade, Food & Entertainment Complexes in the US
- Ski & Snowboard Resorts in the US
- Gym, Health & Fitness Clubs in the US
International industries
- Sports and Physical Recreation Clubs in Australia
- Sports and Physical Recreation Clubs in New Zealand
- Sports Clubs in the UK
Table of Contents
About this industry
Industry definition
Ice skating rinks primarily manage spaces for recreational and professional ice skating. These ice rinks offer skate rentals and 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.
What's included in this industry?
Recreation and fitness servicesSports teams and tournament servicesRental and resale of equipmentFood and beverages salesAthletic instructionRental of space and facilitiesCompanies
Purchase this report to view all major companies in this industry.
Related Terms
PRIME TIME ICEZAMBONI MACHINETURNKEY FACILITIES MANAGEMENTIndustry Code
NAICS 71394 - Ice Rinks in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
While figure skating's popularity has waned, growing interest in ice hockey has helped ice rinks maintain attendance. By catering to diverse customer needs, ice rinks attract...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
High demand for ice skating bolsters revenue generated from recreation and fitness services. The shift toward healthier activities from consumers incentivizes a higher rate o...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Ice rinks’ popularity in large metropolitan areas fuels establishment growth. Regions that house considerable population centers are able to provide operators with access and...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Ice rinks that provide competitive market pricing enhances internal competition. Customers will look to gain access to ice rinks that have the most favorable pricing and can ...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
No major companies operate dominate the ice rinks industry. The high level of fragmentation and localized demand for ice rink services, coupled with high operating costs, dam...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Strong participation in sports boosts growth. Ice rink revenue expands as consumers participate more in skating sports, like ice hockey and figure skating.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Emphasis on economic stability influences profit. If downstream markets are struggling and broader fiscal conditions are in bad shape, ice rinks will suffer from lower consum...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
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IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Ice Rinks in the US industry in United States in 2024?
The market size of the Ice Rinks in the US industry in United States is $585.6m in 2024.
How many businesses are there in the Ice Rinks in the US industry in 2024?
There are 449 businesses in the Ice Rinks in the US industry in United States, which has grown at a CAGR of 1.2 % between 2019 and 2024.
Has the Ice Rinks in the US industry in United States grown or declined over the past 5 years?
The market size of the Ice Rinks in the US industry in United States has been declining at a CAGR of 3.4 % between 2019 and 2024.
What is the forecast growth of the Ice Rinks in the US industry in United States over the next 5 years?
Over the next five years, the Ice Rinks in the US industry in United States is expected to grow.
What does the Ice Rinks in the US in United States include?
Recreation and fitness services and Sports teams and tournament services are part of the Ice Rinks in the US industry.
How competitive is the Ice Rinks in the US industry in United States?
The level of competition is low and steady in the Ice Rinks in the US industry in United States.
