The Latin America, Middle East and Africa Skateboard Market would witness market growth of 6.8% CAGR during the forecast period (2023-2030).In the year 2026, the LAMEA market's volume is expected to surge to 3,971.0 thousand units, showcasing a growth of 7.8% (2023-2030).
The increasing popularity of online purchasing is the leading trend in expanding the market. The advantages of online purchasing over traditional brick-and-mortar retail include convenience, accessibility, and a vast selection of skateboards. These factors make online purchasing an appealing option for consumers and fuel the expansion of the online market. At any time of day, consumers can buy skateboarding products from the convenience of their residences.
Online shopping eliminates the time-consuming and inconvenient need to visit physical locations. This factor appeals to consumers residing in areas with limited access to brick-and-mortar skateboard product retailers. Moreover, online purchasing facilitates consumers' access to more products. This increased accessibility has made it simpler for consumers to locate the specific products they seek, which has led to a rise in demand for skateboarding products. As a result, the increasing popularity of online shopping is anticipated to be one of the primary drivers of market expansion throughout the forecast period.
Due to the popularity of skateboarding and numerous events, the market in Brazil is expanding. The nation is home to countless skateboarding competitions and has produced many well-known skateboarders. Vibe, Zero, DC Shoes, New Balance Numeric, Red Nose, QIX, OUS, Drop Dead, Crail Trucks, and Elemento are a few of the well-known skateboard manufacturers in Brazil. Everything points to micro-mobility, the name given to the new, more economical, sustainable, and personal modes of transportation. Bicycles, electric skateboards, and scooters are a few examples. All these factors will contribute to a rise in the demand for skateboards in the region.
The Brazil market dominated the LAMEA Skateboard Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $81 million by 2030. The Argentina market is estimated to grow at a CAGR of 7.3% during (2023 - 2030). Additionally, The UAE market would exhibit a CAGR of 6.3% during (2023 - 2030).
Based on End User, the market is segmented into Teenagers (12-17), Adults (18 & Above), and Kids (0-9). Based on Product Type, the market is segmented into Street Board, Cruiser Board, Long Board, Park Board, Hybrid Board, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Skateboard Market is Projected to reach USD 4.2 Billion by 2030, at a CAGR of 3.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Boardriders, Inc. (Authentic Brands Group LLC), Atom Longboards (MBS Mountainboards), Sk8factory, Skate One Corp., ABSOLUTE BOARD CO. INC, CaliRides LLC (Boosted USA), Advanced Technology Labs AG (Yuneec Europe GmbH), Control Skateboards Inc., Razor USA LLC, Almost Skateboards
By End User (Volume, Thousand Units, USD Million, 2019-2030)
By Product Type (Volume, Thousand Units, USD Million, 2019-2030)
By Country (Volume, Thousand Units, USD Million, 2019-2030)
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