Global Skateboard Market

Skateboard Market Size, Share, Growth Analysis, By Product(Street Board, Long Board), By End User(Kids, Teenagers) - Industry Forecast 2024-2031

Report ID: SQMIG25J2054 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 62 | Figures: 75

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Skateboard Market size was valued at USD 2.71 billion in 2019 and is poised to grow from USD 2.83 billion in 2023 to USD 4.16 billion by 2031, growing at a CAGR of 4.38% in the forecast period (2024-2031).

To expand their product range and maintain a dominant position in the skateboard market, major manufacturers are concentrating on implementing critical business strategies like collaboration, acquisition, and new product releases. Multiple international and local players are present in the various segments of the electric skateboard market. Since increasing their market share is the main objective of most market participants, innovation is being included in both their products and acquisitions. 'Element Skateboards', 'Flip Skateboards', 'Baker Skateboards', 'Plan B Skateboards', 'Girl Skateboards', 'Almost Skateboards', 'Zero Skateboards', 'Chocolate Skateboards', 'Enjoi Skateboards', 'Santa Cruz Skateboards', 'Real Skateboards', 'Toy Machine Skateboards', 'Creature Skateboards', 'Powell Peralta Skateboards', 'Antihero Skateboards', 'Birdhouse Skateboards', 'Blind Skateboards', 'Welcome Skateboards', 'DGK Skateboards', 'Habitat Skateboards'

The key factors driving the rising demand for skateboards are the rising demand for environmentally friendly products, a general interest in various sports, and the rising popularity of the sport skateboarding. The increasing popularity of the sport will have a beneficial impact on skateboard market expansion throughout the ensuing years.

Given that it has led to the creation of cutting-edge electrical skateboards with Artificial Intelligence, technological advancement can be a significant factor driving the market for electric skateboard motors. The and regional markets for electric skateboard motors are seeing an increase in the popularity of skateboards with connected features like Bluetooth, WI-Fi, and Infrared connections. When artificial intelligence is used in electric skateboard motors, riders will have better control over speed and handling in less time and with greater efficiency. The market for electric skateboard motors is becoming more and more appealing thanks to constant technological advancements.

With a share of 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.

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Global Skateboard Market

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