USD 1.64 billion
Street Skateboards Accessories Market Size, Share, Growth Analysis, By Type(Wheels, and Bearings), By Distribution Channel(Offline Retail, and Online Retail) - Industry Forecast 2024-2031
Report ID:
SQMIG25J2026 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|
Tables:
61 |
Figures:
75
Street Skateboards Accessories Market Insights
Global Street Skateboards Accessories Market size was valued at USD 1.64 billion in 2022 and is poised to grow from USD 1.72 billion in 2023 to USD 2.48 billion by 2031, growing at a CAGR of 4.70% during the forecast period (2024-2031).
The increasing inclination towards fitness has led to a surge in outdoor sports activities, which has become a significant driver for the street skateboard accessories market. Skateboarding has gained immense popularity as a sport across many countries, and its physical benefits, such as increased flexibility and coordination, have contributed to its appeal. The rise in awareness about skateboarding due to competitions like X Games and Street League has resulted in an increase in sales of skateboards and accessories. The World Skate Championship, a global skateboarding competition, has also contributed to the growth of the market.
The popularity of skateboarding has led to an increase in the number of skaters worldwide, with over 85 million skaters globally, most of whom are under the age of 18. Graphic prints on skateboards have played a crucial role in increasing their adoption by consumers. The younger generation's growing focus on health, fitness, and overall well-being has also contributed to the rising popularity of outdoor sports and recreational activities, including skateboarding.
Urban lifestyle sports like surfing, parkour, wakeboarding, kite surfing, and paddleboarding have also gained interest. Studies have shown that at least 10% of the adult population in England has an interest in lifestyle sports. The participation rate in outdoor sports among the US population aged six and above increased from 53.9% in 2013 to 59.2% in 2018. Skateboarding was the fourth favorite outdoor activity among youth aged 6-24 years in the US in 2017, with an average of 36 outings per skateboarder and 97.2 million total outings among the 6-17 age group, and an average of 18 outings per skateboarder and 115 million total outings among the 18-24 age group.
US Street Skateboards Accessories Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Wheels
Fastest Growth
Bearings
Growth Rate
4.70% CAGR
Global Street Skateboards Accessories Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
Global Street Skateboards Accessories Market Size By Type 2022-2030 ($ Bn)
Global Street Skateboards Accessories Market Size By Type 2022-2030 (%)
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Street Skateboards Accessories Market Segmental Analysis
Street Skateboards Accessories market is segmented into by type, distribution channel, and region. Based on type, the Street Skateboards Accessories Market can be segmented into wheels, and bearings. In terms of distribution channel, the Street Skateboards Accessories Market is segmented into offline retail, and online retail. Based on region, the Street Skateboards Accessories Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Street Skateboards Accessories Market Analysis by Type
With respect to type, the market can be segmented into wheels, and bearings. The wheels segment is expected to dominate the market due to the high demand for replacement wheels by skateboarders. Wheels are an essential component of the skateboard, and they need to be replaced frequently due to wear and tear. The market for skateboard wheels is highly competitive, with several manufacturers offering a wide range of products at different price points. The demand for wheels is expected to increase in the coming years due to the growing popularity of skateboarding as a sport and recreational activity, particularly among young people.
The bearings segment is expected to be the fastest-growing segment in the street skateboard accessories market due to the increasing demand for high-quality bearings that offer better performance and durability. Bearings are a crucial component of the skateboard that determines its speed and maneuverability. The demand for bearings is expected to increase as skateboarders look for ways to improve their performance and ride experience. The market for skateboard bearings is highly competitive, with several manufacturers offering a wide range of products at different price points. The trend towards customizing skateboards is also expected to drive the demand for high-quality bearings that can enhance the performance of the skateboard.
Street Skateboards Accessories Market Analysis by Distribution Channel
With respect to segmentation by distribution channel, the market is categorized offline retail, and online retail. The offline retail segment is currently dominating the market due to the high preference of consumers for in-store shopping experiences, where they can physically see and touch the products before making a purchase. Offline retail stores also provide the opportunity for consumers to get advice from experts and receive personalized recommendations based on their specific needs. Furthermore, the majority of skateboarders prefer to shop in-store as it provides an opportunity to build relationships with local skate shops and communities. As a result, offline retail stores hold the majority share of the street skateboard accessories market.
The online retail segment is the fastest-growing segment in the global street skateboard accessories market. The increasing adoption of e-commerce and the ease of online shopping have made it convenient for consumers to purchase products from the comfort of their homes. Online retail stores provide a wide range of products, competitive prices, and the convenience of doorstep delivery. Furthermore, the growing popularity of social media platforms has led to the rise of online marketplaces that cater to skateboarders, offering them an easy way to access a variety of products. The online retail segment is expected to continue its growth trajectory, driven by increasing internet penetration and the growing preference of consumers for online shopping.
Global Street Skateboards Accessories Market Size By Type, 2022 (%), 2023 (%)
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Street Skateboards Accessories Market Regional Insights
North America is the dominant region in the street skateboard accessories market, accounting for the largest share of the market due to the region's high participation rate in skateboarding and outdoor sports activities. In the United States, skateboarding is a popular sport, with an increasing number of skateboarding parks and events being organized. The country also has a large number of professional skateboarders who influence the adoption of skateboarding and the purchase of skateboarding accessories. Additionally, the presence of major market players, such as Element Skateboards, Vans Inc., and Supreme, in the region further strengthens North America's dominance in the market.
On the other hand, APAC is the fastest-growing region in the street skateboard accessories market, primarily due to the increasing popularity of skateboarding and other outdoor sports activities among the younger generation. Countries like China, Japan, and Australia are witnessing significant growth in the market, owing to their large population base and the rise in disposable income, which allows consumers to purchase high-quality skateboarding accessories. Moreover, the region's favorable government initiatives promoting skateboarding and other outdoor sports activities also contribute to the market's growth. For instance, in China, the government has designated skateboarding as an official sport and has built skateboarding parks across the country to promote the sport.
Global Street Skateboards Accessories Market By Geography, 2022-2030, 2024-2031
- Largest
- Fastest
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Street Skateboards Accessories Market Dynamics
Street Skateboards Accessories Market Driver
Rising Popularity of Skateboarding as Outdoor Sport and Recreational Activity
- The rising popularity of skateboarding as an outdoor sport and recreational activity is a key driver for the street skateboard accessories market. Skateboarding is not only a fun activity but also provides various physical benefits, such as improving flexibility and coordination. Increasing awareness about skateboarding through various competitions and events, such as X Games and the World Skate Championship, has also contributed to the market's growth. Additionally, the growing focus on health, fitness, and overall well-being among the younger generation has led to an increase in outdoor sports and recreational activities, which has further fueled the demand for street skateboard accessories.
Street Skateboards Accessories Market Restraint
High risk of injuries to Create Challenges in Market Growth
- One of the major restraints for the street skateboard accessories market is the high risk of injuries associated with skateboarding, which could lead to a decline in participation rates and sales of skateboarding accessories. The lack of proper infrastructure, such as the absence of safe skateboarding parks and facilities in some regions, also poses a challenge to the market's growth. Additionally, the high cost of skateboarding accessories and the availability of low-cost alternatives may also limit the market's growth in some regions.
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Street Skateboards Accessories Market Competitive Landscape
The nature of the global street skateboard accessories market is highly fragmented, with the presence of numerous small and medium-sized players. The market is characterized by intense competition, with players focusing on product differentiation, innovation, and pricing strategies to gain a competitive edge. The key strategies adopted by players in the market include mergers and acquisitions, partnerships, and collaborations. Moreover, players are also expanding their distribution channels through online and offline platforms to reach a wider customer base.
Street Skateboards Accessories Market Top Player’s Company Profiles
- Element Skateboards (US)
- Independent Trucks (US)
- Spitfire Wheels (US)
- Powell-Peralta (US)
- Enjoi Skateboards (US)
- Alien Workshop (US)
- Vans (China)
- DC Shoes (China)
- Etnies (Japan)
- Lakai Limited Footwear (Japan)
- Element Skateboards (Australia)
- Globe International (Australia)
- Primitive Skateboarding (South Korea)
- Enjoi Skateboards (China)
- Palace Skateboards (UK)
- Cliché Skateboards (France)
- Flip Skateboards (UK)
- Almost Skateboards (Spain)
- Chocolate Skateboards (UK)
Street Skateboards Accessories Market Recent Developments
- In March 2023, skateboard wheel manufacturer Spitfire Wheels announced the launch of its new line of skateboard wheels, featuring updated designs and materials for improved performance.
- In January 2023, skateboard accessory company Enjoi Skateboards announced a new partnership with skateboarder Louie Barletta to release a new signature collection of skateboarding apparel and accessories.
- In September 2022, skateboard deck manufacturer Girl Skateboards announced a new collaboration with skateboarding artist Sean Cliver to release a new collection of skateboard decks featuring his artwork.
- In August 2022, skateboarding accessories brand Bones Bearings announced the launch of its new line of skateboard bearings, featuring updated designs and materials for improved performance.
- In June 2022, skateboard truck manufacturer Thunder Trucks announced a new collaboration with skateboarding brand Palace to release a new signature collection of skateboard trucks.
Street Skateboards Accessories Key Market Trends
- One key market trend in the street skateboard accessories market is the growing popularity of sustainable and eco-friendly products. Consumers are becoming more environmentally conscious and are looking for products that are eco-friendly and have a lower impact on the environment. Skateboard accessory manufacturers are responding to this trend by introducing sustainable materials in their products, such as bamboo, recycled plastic, and organic cotton. Additionally, manufacturers are also focusing on reducing waste and emissions in their production processes. This trend is expected to continue in the coming years as sustainability becomes an increasingly important factor in consumer purchasing decisions.
Street Skateboards Accessories Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The street skateboard accessories market is growing steadily due to the increasing popularity of skateboarding as a sport and recreational activity, particularly among the younger generation. The market is also driven by the rising focus on health, fitness, and overall well-being, as skateboarding provides various physical benefits. Moreover, the demand for sustainable and eco-friendly products is gaining traction in the market, as consumers become more environmentally conscious. The market is highly competitive, with key players offering a wide range of accessories such as wheels, trucks, bearings, and decks. The market is expected to continue its growth trajectory in the coming years, driven by these key factors.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.64 billion |
| Market size value in 2031 | USD 2.48 billion |
| Growth Rate | 4.70% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Street Skateboards Accessories Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Street Skateboards Accessories Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Street Skateboards Accessories Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Street Skateboards Accessories Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Street Skateboards Accessories Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Street Skateboards Accessories Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Street Skateboards Accessories Market Report Snapshots
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