Skateboard Market Overview
The global skateboard market is expected to grow at a significant rate in the forthcoming years. The market would benefit from increased demand for sporting activities among the younger population. Skating as a sport is becoming more popular in many nations, which is increasing product demand. It provides flexibility and good physical shape to the body, in addition to being a source of entertainment. Furthermore, an increasing interest in fitness has resulted in a growth in outdoor sporting activities, which is a major driver of the market throughout the projection period. Skateboard sales have increased as a result of increased exposure to skateboarding as a result of various contests such as the X Games and Street League.
However, the growing popularity of scooters poses a challenge to the skateboard sector. When it comes to choosing scooters over skateboards, it is predicted that youth will play a big role. Furthermore, due to an increase in the number of casualties caused by the sport, consumers are choosing other sports as a safety measure.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Product, End-User, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Element Skateboards, Krown Skateboards, SK8FACTORY, Skate One, Absolute Board Co., ALIEN WORKSHOP, Zero Skateboards, CONTROL SKATEBOARDS INC., Razor USA LLC. |
Covid-19 Impact on Skateboard Market
Consumers across the globe are adjusting to the new normal and there is a noteworthy discrepancy in consumer behaviour. Consumer's purchasing habits, behaviour, and attitudes have changed in light of COVID-19. People are shopping very consciously and are majorly centered on basic needs and are buying locally. Consumers are using digital commerce to play, learn, and connect to manage isolation and follow social distancing policy. The covid-19 has consistently impacted the shopping behaviour of 9 in 10 consumers. Nearly 30-50 percent of the consumers have shifted towards online shopping from March 2020 to December 2020.
Skateboard Market Segment Overview
According to Product, Street Board is the major segment in the global Skateboard Market. Street skating is dominated by these skateboards, which are also known as popsicle boards. The standard dimensions for street boards are 33 inches in length and 7.5 to 8.75 inches in width. Due to the uneven and rough surface of highways, the board's wheels are smaller and rougher than other forms of skateboards. These are widely used by beginners and are available at a considerably lower cost than other types. Companies are investing in the production of skateboards in order to gain a percentage of the market.
Skateboard Market, By Product
· Street Board
· Cruiser Board
· Long Board
· Others
Skateboard Market, By End-User
· Kids
· Teenagers
· Adults
Skateboard Market Regional Overview
Region-wise, North America commanded a major share of the market and is predictable to maintain its supremacy over the forecast period. The primary driving factors are increased skateboarding awareness and a diverse product offering in the region. Furthermore, the United States produces the most skateboards in the world. Moreover, the market in the Asia Pacific is projected to rise at a considerable rate in the forthcoming years. This is due to increasing awareness towards outdoor sports activities in this region.
Skateboard Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Skateboard Market, Key Players
· Element Skateboards
· Krown Skateboards
· SK8FACTORY
· Skate One
· Absolute Board Co.
· ALIEN WORKSHOP
· Zero Skateboards
· CONTROL SKATEBOARDS INC.
· Razor USA LLC
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the global Skateboard market?
The market would benefit from increased demand for sporting activities among the younger population.
Q2. What are the restraining factors for the global Skateboard market?
The growing popularity of scooters poses a challenge to the skateboard sector
Q3. Which segment is projected to hold the largest share in the global Skateboard market?
Street Board segment is projected to hold the largest share in the global Skateboard market
Q4. Which region holds the largest share in the global Skateboard market?
North America held the largest share in the global Skateboard market.
Q5. Which are the prominent players in the global Skateboard market?
Element Skateboards, Krown Skateboards, SK8FACTORY, Skate One, Absolute Board Co., ALIEN WORKSHOP, Zero Skateboards, CONTROL SKATEBOARDS INC., Razor USA LLC. are some key players in the global Skateboard market
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Skateboard Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product
- 5.2.1. Street Board
- 5.2.2. Cruiser Board
- 5.2.3. Long Board
- 5.2.4. Others
- 5.3. Market Analysis, Insights and Forecast – By End-User
- 5.3.1. Kids
- 5.3.2. Teenagers
- 5.3.3. Adults
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Skateboard Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product
- 6.2.1. Street Board
- 6.2.2. Cruiser Board
- 6.2.3. Long Board
- 6.2.4. Others
- 6.3. Market Analysis, Insights and Forecast – By End-User
- 6.3.1. Kids
- 6.3.2. Teenagers
- 6.3.3. Adults
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Skateboard Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product
- 7.2.1. Street Board
- 7.2.2. Cruiser Board
- 7.2.3. Long Board
- 7.2.4. Others
- 7.3. Market Analysis, Insights and Forecast – By End-User
- 7.3.1. Kids
- 7.3.2. Teenagers
- 7.3.3. Adults
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Skateboard Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product
- 8.2.1. Street Board
- 8.2.2. Cruiser Board
- 8.2.3. Long Board
- 8.2.4. Others
- 8.3. Market Analysis, Insights and Forecast – By End-User
- 8.3.1. Kids
- 8.3.2. Teenagers
- 8.3.3. Adults
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Skateboard Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product
- 9.2.1. Street Board
- 9.2.2. Cruiser Board
- 9.2.3. Long Board
- 9.2.4. Others
- 9.3. Market Analysis, Insights and Forecast – By End-User
- 9.3.1. Kids
- 9.3.2. Teenagers
- 9.3.3. Adults
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Element Skateboards
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Krown Skateboards
- 10.6. SK8FACTORY
- 10.7. Skate One
- 10.8. Absolute Board Co.
- 10.9. ALIEN WORKSHOP
- 10.10. Zero Skateboards
- 10.11. CONTROL SKATEBOARDS INC.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
