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 development of the longboard segment can be attributed to its lengthier dimensions and ease of turning. Hence, Long Board segment captured $525.3 million revenue of the market in 2022. The dimensions of these boards are 44 inches in length and 22 to 26 centimeters wide, and they come in various shapes and sizes. The product's relative speed results from its wheel size, construction, and hardware components. Longboards are utilized for cruising, traveling, and downhill competitions. Longboard dance and freestyle are becoming increasingly popular, allowing riders to experience uninhibited, fluid movements. Some of the factors impacting the market are Increased use of electric skateboards, skateboarding as a fitness and recreational activity, and Dangers associated with skateboards.
Electric skateboards are becoming increasingly well-liked as a practical and environmentally responsible form of transportation. They are simple to operate because they have a battery-powered motor and a wireless remote control. Electric skateboards' high speed, which facilitates time savings, is a major factor affecting the demand for electric skateboard motors. Consumers using electric skateboards for sports and pleasure are expected to impact the industry for electrical skateboard motors significantly. The increasing demand for electric skateboards will drive the skateboard market in the coming years. Skateboarding is perceived as an aerobic and anaerobic workout with several health benefits. Skateboarding has been demonstrated to enhance physical stamina, balance, coordination, and agility. Additionally, it aids in raising heart rate, which improves cardiovascular health. The availability of specialized products is the foremost opportunity in the market. The younger generation's growing interest in sporting events will increase skateboard demand. Hence, the cumulative need for skating as a sport in many nations will drive the expansion of the market in the coming years.
However, Skateboard sales are expanding, but they are in danger from the increasing popularity of scooters. Rather than skateboards, young people are more likely to favor scooters. Skateboarding demands specific expertise and accessibility to suitable facilities, like skate parks or ramps. It can be less appealing to mainstream audiences and advertisers because of its frequent associations with counterculture and resistance. Skateboarding is known as a dangerous sport and hasn't always had the same amount of funding or support. All of these factors may limit the growth of the market globally in the future.
On the basis of end user, the market is classified into kids (0-9), teenagers (12-17), and adults (18 & above). The kids (0-9) segment witnessed a significant revenue share in the market in 2022. This segment's growth is because of growing health concerns regarding obesity and physical inactivity, which have incentivized parents to encourage their children to participate in sports. In addition, there are no fees or instructions, making it an inexpensive and convenient mode of transportation for children.
Based on product, the market is characterized into street board, cruiser board, long board, park board, hybrid board, and others. The street board segment garnered the highest revenue share in the market in 2022. These skateboards are prevalent in street skateboarding and are known as popsicle boards. Typically, the length and width of manufactured street boards are 33 inches and 7.5 to 8.75 inches, respectively. Due to the uneven and rough surface of the roads, the board's wheels are smaller and more complex than those of other varieties of skateboards. Novices frequently use these, and they are significantly less expensive than different types. Therefore, the segment is expected to grow well during the forecast period.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 3.1 Billion |
| Market size forecast in 2030 | USD 4.2 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 3.7% from 2023 to 2030 |
| Number of Pages | 287 |
| Number of Table | 570 |
| Quantitative Data | Volume in Thousand Units, Revenue in USD Million, and CAGR from 2019 to 2030 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Product Type, End User, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment garnered the maximum revenue share in the market in 2022. Greater awareness of skateboarding and widespread product availability in the region are the primary propelling forces. This large number of participants has considerably contributed to expanding the U.S. market, highlighting the country's increased interest in and demand for skateboarding. Due to the increase in annual competitions in the region, the younger generation is becoming increasingly interested in sport. As a result, the North America segment is expected to grow rapidly in the coming years.
Free Valuable Insights: Global Skateboard Market size to reach USD 4.2 Billion by 2030
The market research report covers the analysis of key stakeholders 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 Geography (Volume, Thousand Units, USD Million, 2019-2030)
The Market size is projected to reach USD 4.2 billion by 2030.
Increased use of electric skateboards are driving the Market in coming years, however, Dangers associated with skateboards restraints the growth of the Market.
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
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 Market by End User in 2022; thereby, achieving a market value of $1.7 billion by 2030.
The North America region dominated the 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.
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