Global Electric Skateboard
Market Report
2024
The global Electric Skateboard market size is USD 2.3 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 6.50% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The global Electric Skateboard market size is USD 2.3 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 6.50% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Electric Skateboard Market Sales Revenue 2023 | $ 2.3 Billion |
Global Electric Skateboard Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.5% |
Middle East and Africa Electric Skateboard Market Sales Revenue 2023 | $ 0.07 Billion |
North America Electric Skateboard Market Sales Revenue 2023 | $ 0.81 Billion |
Europe Electric Skateboard Market Sales Revenue 2023 | $ 0.69 Billion |
Asia Pacific Electric Skateboard Market Sales Revenue 2023 | $ 0.62 Billion |
South America Electric Skateboard Market Sales Revenue 2023 | $ 0.12 Billion |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Electric Skateboard industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Electric Skateboard Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
An electric skateboard, also called an e-board, e-skateboard, or Esk8, is a motor-powered skateboard. Electric skateboards have separate acceleration and braking systems. The rapidly growing urbanization and rising inclination of the young population towards easy and eco-friendly commutation modes are again contributing to the demand. Moreover, rising disposable income is further fuelling market growth.
The electric skateboard market is driven by continuous technological advancements. Innovations in electric motors, battery efficiency, and smart connectivity have enhanced the performance and user experience of electric skateboards. Integration of regenerative braking systems, improved battery life, and the development of smartphone apps for customized riding experiences have contributed to the market's growth. Consumers are increasingly drawn to electric skateboards with cutting-edge features, creating a demand for products that offer not only efficient transportation but also a blend of technology and performance.
In April 2020, Lime, a scooter-sharing service, is acquired by Boosted Inc. Lime was given five of Boustred’s primary patents in addition to intellectual property.
The growing emphasis on sustainable and eco-friendly modes of transportation is a key driver for the Electric Skateboard market. As environmental concerns rise and urban mobility patterns evolve, electric skateboards provide an efficient, low-carbon footprint alternative for short-distance commuting. The market benefits from the increasing awareness and adoption of sustainable lifestyles. Electric skateboards, powered by electric motors and rechargeable batteries, align with the global push towards green transportation solutions, making them an attractive choice for environmentally conscious consumers seeking convenient and eco-friendly commuting options.
In February 2021,Sleeping Bear Capital, announced that it has acquired Venice Longboards, a leading skateboarding e-commerce and lifestyle brand that specializes in electric longboards.
(Source:www.prnewswire.com/news-releases/sleeping-bear-capital-acquires-venice-longboards-301223517.html)
A significant restraint in the electric skateboard market is the high initial cost associated with purchasing these electrically powered boards. The inclusion of advanced technologies, durable materials, and high-performance electric components contribute to the elevated price points. This poses a barrier for potential consumers, especially those exploring electric skateboarding for the first time. The comparatively higher upfront investment can deter individuals from adopting electric skateboards, impacting the market's penetration, particularly among price-sensitive consumer segments.
The electric skateboard market experienced a notable impact from the COVID-19 pandemic. The global lockdowns, restrictions on outdoor activities, and economic uncertainties significantly affected the market. The initial phase of the pandemic witnessed disruptions in the supply chain, leading to manufacturing delays and shortages of key components. Consumer spending on non-essential items, including recreational and leisure products like electric skateboards, saw a decline as individuals prioritized essential needs during the uncertain times.
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The Electric Skateboard market's competitive landscape is a dynamic terrain where innovation, design, and market positioning converge. Leading players such as Boosted, Evolve Skateboards, and Inboard Technology vie for market supremacy through a relentless pursuit of technological advancements, durability, and customer-centric features.
(Source:designwanted.com/the-future-of-electric-skateboards/)
Top Companies Market Share in Electric Skateboard Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America leads the Electric Skateboard market, commanding a 35% market share and projecting a robust 0.81 USD Billion market size in 2023. The region's growth is fueled by a surge in recreational ridership and a heightened preference for eco-friendly commuting solutions. Across segments, the market thrives notably among adults, drawn to electric skateboards for their convenience and sustainable appeal. Advanced features, including extended battery life and smart connectivity, contribute to the popularity. North America's market dominance is set to persist, offering a fertile ground for innovation and addressing the evolving preferences of a diverse user base.
Asia Pacific emerges as the fastest-growing region in the Electric Skateboard market, boasting a remarkable 27% market share and an anticipated market size of 0.62 USD Billion in 2023. The region experiences a surge in adoption driven by a burgeoning youth population and a rising trend of embracing alternative transportation modes. Electric skateboards, viewed as a trendy and sustainable means of commuting, witness a spike in demand. With a focus on technological advancements and robust marketing strategies, the Asia Pacific region is poised to dominate the electric skateboard landscape, shaping the future of personal transportation across diverse consumer segments.
The current report Scope analyzes Electric Skateboard Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
According to Cognitive Market Research,the Middle East and Africa region are emerging as a steady growth center, claiming a 3.00% market share and envisioning a 0.07 Billion USD market size in 2023. While the electric skateboard phenomenon has traditionally found stronger roots in other regions, the Middle East and Africa are experiencing a surge fueled by a burgeoning interest in alternative and eco-friendly modes of personal transportation. One segment driving this growth is the increasing popularity among urban youth and recreational enthusiasts. As the region embraces the exhilaration of electric skateboarding, a unique fusion of technology and recreation is taking shape, reshaping the narrative of personal mobility in the Middle East and Africa.
According to Cognitive Market Research,North America leads the Electric Skateboard market, commanding a 35% market share and projecting a robust 0.81 USD Billion market size in 2023. The region's growth is fueled by a surge in recreational ridership and a heightened preference for eco-friendly commuting solutions. Across segments, the market thrives notably among adults, drawn to electric skateboards for their convenience and sustainable appeal. Advanced features, including extended battery life and smart connectivity, contribute to the popularity. North America's market dominance is set to persist, offering a fertile ground for innovation and addressing the evolving preferences of a diverse user base.
According to Cognitive Market Research,Europe stands as the epicenter of the growing Electric Skateboard market, carving its path with a remarkable 30% market share and a robust market size of 0.69 Billion USD in 2023. The region's affinity for sustainable urban mobility solutions aligns seamlessly with the electric skateboard's ethos, fostering a surge in popularity. One segment propelling this growth is the increasing demand among urban commuters and adventure enthusiasts seeking eco-friendly and convenient transportation alternatives. As the market continues to surge in Europe, collaborations between local manufacturers and technological innovators are likely to spearhead a new era in electric skateboarding, underscoring Europe's role as a dynamic hub for this thrilling mode of personal transportation.
According to Cognitive Market Research,Asia Pacific emerges as the fastest-growing region in the Electric Skateboard market, boasting a remarkable 27% market share and an anticipated market size of 0.62 USD Billion in 2023. The region experiences a surge in adoption driven by a burgeoning youth population and a rising trend of embracing alternative transportation modes. Electric skateboards, viewed as a trendy and sustainable means of commuting, witness a spike in demand. With a focus on technological advancements and robust marketing strategies, the Asia Pacific region is poised to dominate the electric skateboard landscape, shaping the future of personal transportation across diverse consumer segments.
According to Cognitive Market Research,Latin America stands out as a region experiencing remarkable growth, boasting a 5% market share and forecasting a 0.12 Billion USD market size in 2023. While Latin America has traditionally been a hotspot for diverse cultural experiences, it is now becoming a hub for the thrill of electric skateboarding. One prominent segment driving this surge is the rising interest among the younger demographic, seeking eco-friendly and trendy modes of commuting. As urban landscapes in Latin America evolve, the electric skateboard is carving its mark as a symbol of modern mobility, reflecting a fusion of technology, recreation, and sustainable living. Latin America is not just riding the wave; it's shaping the trajectory of electric skateboarding in the region.
Global Electric Skateboard Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Electric Skateboard Industry growth. Electric Skateboard market has been segmented with the help of its Type, Application , and others. Electric Skateboard market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, the dominant category is maple deck electric skateboards. Maple decks are favored for their durability, flexibility, and stability, making them a preferred choice among a broad spectrum of riders. The versatility of maple decks appeals to both beginners and experienced riders, contributing to their dominance in the market. The robust nature of maple also ensures a longer lifespan for electric skateboards, enhancing their overall market appeal.
The fastest-growing category in the Electric Skateboard market is carbon fiber composite deck electric skateboards. The use of carbon fiber composite materials provides these skateboards with a lightweight yet sturdy structure, making them increasingly popular among riders seeking enhanced performance and maneuverability. The technological advancements in carbon fiber manufacturing contribute to the rapid growth of this category as riders, especially enthusiasts and professionals, prioritize electric skateboards that offer a balance of strength and reduced weight for a more dynamic riding experience.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Electric Skateboard Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the dominant category is adult electric skateboards. This is primarily due to the fact that adults constitute a larger demographic of consumers who engage in electric skateboarding. Adults, including commuting professionals and enthusiasts, form a significant portion of the market demand. The advanced features, higher speed capabilities, and durability of electric skateboards designed for adults cater to the preferences and needs of these demographic, making adult electric skateboards the dominant category.
The fastest-growing category in the electric skateboard market is children's electric skateboards. As the popularity of electric skateboarding expands, there is a growing interest among parents to introduce their children to this recreational activity. Manufacturers are responding by developing electric skateboards specifically designed for children, incorporating safety features, and ensuring user-friendly controls. The increasing awareness of electric skateboarding as a family-friendly activity contributes to the rapid growth of children's electric skateboards within the market.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Electric Skateboard market report 2024 Edition by contacting our team.
Research Analyst at Cognitive Market Research
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that my skills remain sharp and relevant. I spearheaded research initiatives focused on market trends, customer behavior, and competitive landscapes. I have a demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams, I played a pivotal role in shaping successful projects that hinged on robust research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Electric Skateboard Market is witnessing significant growth in the near future.
In 2023, the Carbon Fiber Composite Deck segment accounted for noticeable share of global Electric Skateboard Market and is projected to experience significant growth in the near future.
The Children segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Boosted Boards , Inboard Technology and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Type | Carbon Fiber Composite Deck, Bamboo Deck, Maple Deck |
Application | Children, Adult |
List of Competitors | Boosted Boards, Elwing Boards, Inboard Technology, LEIF Technologies, Marbel, Mellow Boards, Metroboard, Onewheel, Stary Board, Swagtron, Yuneec, ZBoard, Evolve Skateboards |
This chapter will help you gain GLOBAL Market Analysis of Electric Skateboard. Further deep in this chapter, you will be able to review Global Electric Skateboard Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Electric Skateboard Market Trends North America Electric Skateboard Technological Road Map North America Electric Skateboard Market Drivers North America Electric Skateboard Market Restraints North America Electric Skateboard Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Electric Skateboard market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Carbon Fiber Composite Deck have a significant impact on Electric Skateboard market? |
What are the key factors affecting the Carbon Fiber Composite Deck and Bamboo Deck of Electric Skateboard Market? |
What is the CAGR/Growth Rate of Children during the forecast period? |
By type, which segment accounted for largest share of the global Electric Skateboard Market? |
Which region is expected to dominate the global Electric Skateboard Market within the forecast period? |
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