Global Skateboard
Market Report
2024
the global Skateboard market size is USD 3.6 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 4.00% 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 skateboard market size is USD 3.6billion in 2023 and will grow at a compound annual growth rate (CAGR) of 4.00% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Skateboard Market Sales Revenue 2023 | $ 3.6 Billion |
Global Skateboard Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4% |
Middle East and Africa Skateboard Market Sales Revenue 2023 | $ 0.072 Billion |
Market Split by Type |
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Market Split by End-User |
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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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Skateboard Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A skateboard is a tool utilized for engaging in the activity of skateboarding. Typically, skateboards are constructed with a specially designed deck made of 7-ply maple plywood. This deck is coated with polyurethane to ensure a smooth and durable surface. Additionally, the deck is affixed to the base using a pair of skateboarding trucks. Although some individuals employ skateboards as a means of transportation for short distances, the majority employ them for executing tricks and maneuvers. The increasing popularity of sports and the growing appeal of recreational activities, along with rapid technological progress, have contributed to the expansion of this trend.
These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the Skateboard industry.
For instance, Evolve Skateboards, the dominant force in the electric skateboard industry, has recently unveiled the highly anticipated Hadean Series. This groundbreaking collection surpasses its predecessor, the GTR series, in terms of performance, offering a remarkable fourfold increase. Launched in 2020, the GTR series boasted a top speed of 31mph and a battery capacity that pushed the boundaries of electric skateboarding. However, the Hadean Series takes innovation to a whole new level, positioning itself as the pinnacle of forward-thinking electric skateboards.
Growing Popularity Among Youth to Provide Viable Market Output
The increasing popularity of skateboarding among the youth is a significant driver in the skateboard market. Skateboarding has transcended its roots as a niche sport and transformed into a cultural phenomenon. Youngsters worldwide are embracing skateboarding not just as a physical activity but also as a form of artistic expression and social connection. Influenced by skateboarders' creativity showcased on social media platforms, aspiring skaters are motivated to join the community.
This growing appeal is driving both the sales of skateboards and the demand for related accessories. Skateboard culture has also permeated mainstream fashion, with skateboard-inspired clothing lines and accessories, further boosting market growth. Skateboarding has become a way for individuals to express their unique style and personality, with skaters often customizing their boards and clothing to reflect their individuality. Additionally, the inclusive and supportive nature of the skateboarding community fosters a sense of belonging and camaraderie among enthusiasts, further fueling its popularity.
Innovation in Skateboard Design and Technology to Propel Market Growth
Skateboard manufacturers and designers are constantly pushing the boundaries of materials and shapes, enhancing the performance and durability of skateboards. Advancements such as composite materials, improved trucks, and specialized grip tapes are revolutionizing the skateboarding experience. Electric skateboards and smart skateboards equipped with IoT (Internet of Things) technology are gaining traction, appealing to tech-savvy consumers. Moreover, sustainability is becoming a central focus, with eco-friendly materials and manufacturing practices gaining prominence. Innovations in skateboard design not only attract seasoned skateboarders seeking superior performance but also entice newcomers with the promise of an enhanced and enjoyable experience.
Increase in recreational activities and sports will propel market growth
MARKET DYNAMICS:KEY RESTRAINTS
Economic Challenges and Affordability Concerns to Hinder Market Growth
The skateboard market revolves around economic challenges and affordability concerns. Skateboarding, once considered a low-cost recreational activity, has seen a rise in prices due to innovations and improvements in materials and designs. High-quality skateboards, especially those designed for professional or advanced skaters, can be relatively expensive. This price barrier poses challenges, particularly for the younger demographic and individuals from economically disadvantaged backgrounds. As a result, a portion of potential skateboard enthusiasts might be deterred from actively participating in the sport, impacting the market's growth.
How COVID – 19 Impacted theSkateboard Market?
The COVID-19 pandemic had a significant impact on the Skateboard Market, disrupting both supply and demand dynamics. During the initial phases of the pandemic, lockdowns and social distancing measures led to the closure of skate parks, sporting goods stores, and manufacturing facilities, causing a sharp decline in skateboard sales. Supply chains were disrupted, leading to delays in production and distribution. However, as the pandemic persisted, there was a notable shift in consumer behavior. With limited recreational options available due to restrictions, many individuals turned to outdoor activities like skateboarding as a way to stay active while maintaining social distance.
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The competitive landscape is shaped by technological advancements, with companies investing in research and development to create advanced skateboard components like trucks, decks, and wheels. Customization options, eco-friendly materials, and durable designs are becoming key factors influencing consumers' choices.
Top Companies Market Share in Skateboard Industry: (In no particular order of Rank)
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In terms of revenue, the North America skateboard Market share was 42% of the total market in 2022. The primary driving factors in the region include growing awareness of skateboarding and the extensive availability of products. According to the research results, there were 6.4 million participants in skateboarding in the United States in 2016. Additionally, the United States produces the most skateboards globally. The growth of the market in this region is expected to be driven by the strong presence of leading manufacturers, the growing popularity of electric skateboards, and the growing number of competitive skateboarding events.
The current report Scope analyzes 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
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According to Cognitive Market Research, North America dominated the market in 2023 and accounted for a share of more than 35% of the global revenue due to several variables. The North American region dominates the market for skateboard. First, many multinational corporations and international commercial hubs in North America demand effective multilingual communication. The region's cultural and linguistic variety further fuels the demand for translation, interpretation, and localization services. Additionally, the market is growing as a result of the existence of significant technological firms and developments in AI-driven language technologies. According to Cognitive Market Research, due to its significant economic size, vast global corporate presence, and diversified population, the United States is anticipated to hold a strong position in the North American area. There is a huge need for Skateboard to promote cross-border communication due to the abundance of multinational corporations and global economic ties. Technology improvements and cultural variety in the nation also help it hold the top spot in the regional market for skateboard.
North America Skateboard Market Analysis:
According to Cognitive Market Research, Europe stands as a pivotal hub in the global Skateboard market, commanding a significant 30% share. The region's affinity for skateboarding is deeply rooted in its urban culture, vibrant youth scenes, and emphasis on alternative sports. European countries like the UK, Germany, and Spain have witnessed a surge in skateboarding in popularity, not only as a sport but also as a form of artistic expression and community engagement.With a 30% market share, Europe's influence on the global skateboard industry is undeniable. The region's diverse landscape, rich history, and cultural acceptance of skateboarding make it a melting pot of creativity and skill. European skateboard companies, known for their emphasis on quality and style, have a significant impact on global trends. The skateboard community in Europe, characterized by its passion and talent, continues to shape the industry, making the region a driving force in the ever-evolving world of skateboarding.
According to Cognitive Market Research, the Skateboard market in the Asia-Pacific region has experienced remarkable growth, making it the fastest-growing segment in the global skateboard industry. With a 21% market share, the region's skateboard market has witnessed a surge in popularity, driven by increasing interest among the youth, rising disposable incomes, and a growing emphasis on recreational sports and outdoor activities. The Asia-Pacific region's rapid economic development, coupled with a burgeoning youth population, has positioned it as a focal point for the skateboard industry's growth. With a 21% market share, the region not only represents a significant consumer base but also serves as a hotbed for innovation and trends. Skateboarding has become a symbol of youthful energy and self-expression in the Asia-Pacific, contributing substantially to the industry's global expansion. As the region continues to embrace skateboarding, both as a sport and a cultural phenomenon, its influence on the global skateboard market is poised to strengthen further, making it a pivotal player in the industry's future landscape.
According to Cognitive Market Research, South America holds a distinct position in the global Skateboard market, contributing significantly with a 4% market share. The region’s skateboard culture is deeply influenced by its vibrant street art scenes, energetic music culture, and a youthful population seeking alternative forms of recreation. Countries like Brazil, Argentina, and Mexico have embraced skateboarding not only as a sport but as a lifestyle, giving rise to a burgeoning community of skateboarders and enthusiasts.With a 4% market share, Latin America's influence on the global skateboard industry extends beyond numbers. The region's passion for skateboarding, coupled with its unique cultural influences, shapes the way skateboarding is perceived and practiced. The grassroots movements and community-oriented approach not only drive sales but also contribute significantly to the overall spirit of skateboarding. Latin America stands as a vibrant hub where creativity meets skill, making it an essential player in the global skateboard market.
According to Cognitive Market Research, the Middle East and Africa region, despite accounting for a modest 2% in the global Skateboard market, represents an emerging frontier in the skateboard industry. In recent years, there has been a notable rise in interest in skateboarding, particularly among the youth in countries like the UAE, South Africa, and Morocco. Skateboarding serves as a form of expression, resonating with the region's younger demographic seeking creative outlets. Skateboarding has found its place in urban landscapes, with public skate parks becoming integral to youth culture.While contributing 2% to the global market, the Middle East and Africa region represent the resilience and adaptability of skateboarding as a global phenomenon. Skateboarding here goes beyond leisure; it embodies social change, inclusivity, and resilience. As the sport continues to gain traction, the region is poised to play an increasingly significant role, not only in market figures but also in shaping the global narrative of skateboarding as a transformative force for positive change.
Global 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 Skateboard Industry growth. Skateboard market has been segmented with the help of its Type, End-User , and others. 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.
These skateboards are commonly used for street skating and are typically 33 inches long and between 7.5 and 8.75 inches wide. They are also referred to as popsicle boards. The wheels are smaller and heavier than other skateboards because the roads are so uneven and rough. Beginners are mainly choosing these, and they are available at considerably lower prices compared to other varieties.
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 Skateboard Industry. Request a Free Sample PDF!
The growth of the teenager segment is attributed to a significant portion of the population aged 12–17. Skateboarding has become a popular sport among millions of young people due to its appeal as a viable, demanding, and recreational activity. The market for skates is being driven by the utilization of skateboards by college students for commuting within the college environment.
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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.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
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 Skateboard Market is witnessing significant growth in the near future.
In 2023, the Park Boards segment accounted for noticeable share of global Skateboard Market and is projected to experience significant growth in the near future.
The Kids segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Element Skateboards , Plan B and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Park Boards, Cruiser Boards, Longboard, Other Board |
End-User | Kids, Teenagers, Adults |
List of Competitors | Element Skateboards, Boiling Point, Plan B, Krown Skateboards, SK8 Factory, Skate One, Absolute Board, Alien Workshop, Artprint, Zero Skateboards, Control Skateboards, Razor, Carver Skateboards, Almost Skateboards |
This chapter will help you gain GLOBAL Market Analysis of Skateboard. Further deep in this chapter, you will be able to review Global 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
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
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.
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 End-User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global 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 Park Boards have a significant impact on Skateboard market? |
What are the key factors affecting the Park Boards and Cruiser Boards of Skateboard Market? |
What is the CAGR/Growth Rate of Kids during the forecast period? |
By type, which segment accounted for largest share of the global Skateboard Market? |
Which region is expected to dominate the global Skateboard Market within the forecast period? |
Segmentation Level Customization |
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Country level Data Customization |
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Company Level |
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Additional Quantitative Data |
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