The Worldwide Skateboard Market is Projected to reach USD 4.2 Billion by 2030, at a CAGR of 3.7%
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Skateboard Market Growth, Trends and Report Highlights
According to a new report, published by KBV research, The Global Skateboard Market size is expected to reach $4.2 billion by 2030, rising at a market growth of 3.7% CAGR during the forecast period. In the year 2022, the market attained a volume of 44,795.5 thousand units, experiencing a growth of 2.8% (2019-2022).
The Teenagers (12-17) segment is leading the Global Skateboard Market by End User in 2022; thereby, achieving a market value of $1.7 billion by 2030. The segment's expansion is attributable to the sizeable population in the corresponding age bracket. Skateboarding is a popular option among millions of teenagers due to their preference for a viable, challenging, and recreational sport. The skateboard market comprises primarily teenagers and young adults deeply rooted in youth culture. This demographic is particularly drawn to the thrill, sense of freedom, and opportunity for self-expression that skateboarding offers.
The Cruiser Board segment is experiencing a CAGR of 3.5% during (2023 - 2030). Cruiser boards are a form of skateboard intended for general riding purposes. They have an enormous deck and slightly wider trucks than other skateboards, making them more stable and pleasant to ride. Cruiser boards are ideal for novice or intermediate riders who want to do everything, from cruising around town to tackling slopes. These factors are accounting for the substantial growth in the cruiser board segment.
The North America region dominated the Global Skateboard Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.7 billion by 2030. The Europe region is poised to grow at a CAGR of 3.3% during (2023 - 2030). Additionally, The Asia Pacific region would register a CAGR of 4.4% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/skateboard-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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
Global Skateboard Market Segmentation
By End User (Volume, Thousand Units, USD Million, 2019-2030)
- Teenagers (12-17)
- Adults (18 & Above)
- Kids (0-9)
By Product Type (Volume, Thousand Units, USD Million, 2019-2030)
- Street Board
- Cruiser Board
- Long Board
- Park Board
- Hybrid Board
- Others
By Geography (Volume, Thousand Units, USD Million, 2019-2030)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Companies Profiled
- 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
Related Reports:
North America Skateboard Market Size, Share & Forecast, 2030
- August-2023
- 101 Pages
LAMEA Skateboard Market Size, Share & Industry Growth, 2030
- August-2023
- 116 Pages
Europe Skateboard Market Size, Share & Outlook Trends, 2030
- August-2023
- 116 Pages
Asia Pacific Skateboard Market Size, Share & Analysis, 2030
- August-2023
- 117 Pages