The global demand for Skateboard Market is presumed to reach the market size of nearly USD 4.04 MN by 2028 from USD 2.85 MN in 2021 with a CAGR of 5.1% under the study period 2022 - 2028.
A skateboard is a type of sporting equipment that is used for skating. They are often constructed of a specially designed 7-ply maple plywood deck with polyurethane covering for smoothness and durability or controls coupled to the base via a pair of skate trucks. While some people use skateboards to travel short distances, most employ them to execute stunts. Longboards and shortboards are the two primary types of skateboards. The curve of the board is also essential: for performing tricks, the skateboard must be concave. Longboards are often quicker and are used primarily for cruising and racing, whereas shortboards are mainly used for tricks and riding at skateparks.
Market Dynamics
The market would benefit from increased demand for sporting activities among the younger population. Skating as a sport is becoming more popular in many nations, which is fueling product demand. It provides flexibility and good physical shape to the body and is a source of entertainment. Furthermore, a greater interest in fitness has increased outdoor sporting activities, which is a significant driver of the industry. In addition, visuals play an essential part in encouraging consumer adoption of skateboards. Consumers, particularly teens, are becoming more interested in the quirky and attractive visuals exhibited on the boards, which has enhanced their desire to ride on them. As a result, businesses employ successful marketing strategies to establish their brands as skateboard emblems. To generate efficient sales, companies also use a variety of slogans and buzzwords that are popular in the market. However, the growing popularity of scooters poses a challenge to the skateboard sector.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of skateboard. The growth and trends of skateboard industry provide a holistic approach to this study.
Market Segmentation
This section of the skateboard market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Belt Driven
- Hub Motor Design
By Wheels
- Generic Wheels
- Clone Wheels
By Deck Size
- Mini Board
- Mid Board
- Full Board
By Speed
- Less Than 10 Mph
- 10 – 20 Mph
- More Than 20 Mph
By Distribution Channel
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Skateboard market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Skateboard Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the skateboard market include Inboard Technology, Skatebolt, ACTON Inc., Blitzart Inc., RideRiptide Electric Skateboard, Teamgee Skateboard, Boosted, Inc., Atom Longboards, Evolve Skateboards Australia, Swagtron. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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