Skateboard Market Regional Analysis

With a share of global revenue of 31.7% in 2021, North America became the largest regional skateboard market. The main driving forces are a rise in skateboarding's popularity and a broad range of product availability in the area. The results show that 6.4 million Americans engaged in skateboarding in 2021. Additionally, the United States produces the most skateboards globally. Skateboarding is ranked third in the most popular sports category, behind basketball and football, according to a recent survey. The younger generation is becoming more interested in the sport as a result of an increase in the number of events held there each year. The 26th Annual Tampa Am in Florida, the Jackalope Festival, the Central Mass Skate Festival, and the X Games Minneapolis are among the events that are expected to take place in 2021.

Due to growing interest in outdoor sports, Asia Pacific is predicted to grow at a CAGR of 4.1% over the projection period. Between 2000 and 2021, the region saw a 38% increase in the prevalence of childhood obesity among children under the age of five. Additionally, the WHO reports that in 2021, there were more than 340 million people aged 5 to 19 who were overweight or obese. As a result, institutions and parents are enticing children to partake in outdoor sporting pursuits.

Kids are encouraged to participate in skateboarding by increasing awareness of the activity as a result of several national and regional events and contests. For instance, the decision to include skateboarding in the 2021 Summer Olympics in Tokyo has encouraged all skateboarders to achieve in their sport. Other contests that will take place in 2021 include the Skate Malaysia Summer Championship, the 31st Annual Skate Japan, and Skate Philippines Summer Championship.