Global Skateboarding Equipment Market 2016-2020

This market research study presents a comprehensive analysis of the global skateboarding equipment market by product type (skateboards, skateboard footwear, and skateboarding protective gear) and by geography (Americas, APAC, Europe, and MEA). Leading vendors in the market are Alien Workshop, Almost Skateboards, Element Skateboards, Plan B, and Zero Skateboards.

An outlook of the global skateboarding equipment market

According to the skateboard industry analysis, the global skateboarding equipment market is envisaged to witness slow growth and will post a CAGR of more than 1% over the forecast period. Owing to the growing popularity of skateboarding and an increasing number of people participating in the sport, the number of skateboarding tournaments and matches played worldwide is on the rise. The increasing popularity of the sport is also paving the way for its adoption in countries where its awareness was low. For instance, the World Skateboarding Grand Prix recently announced its first-ever Southeast Asian Skateboarding Championships to be held in Da Nang, Vietnam. This event will include both the Southeast Asian Championships and Vietnam National Championships and will be broadcasted in over 173 countries. Since these competitions are being organized in developing regions, a subsequent growth in the availability of suitable infrastructure in these regions can also be seen. Therefore, the growing popularity and increasing adoption of the sport will have a positive impact on the growth of this market in the coming years.

Increasing demand for eco-friendly products is one of the emerging skateboarding trends spurring this market’s growth over the forecast period. Due to the rising concerns about preserving the environment, sporting goods manufacturers are readily adopting ways to make the products eco-friendly. Therefore, organic cotton, water-based adhesives, and recycled plastic materials are replacing traditional leather, synthetic rubber, polyurethane, nylon, and other synthetic materials used to manufacturer different sports equipment. Moreover, a newly developed and advanced non-toxic, a green material called thermoplastic elastomer is being increasingly used in sports equipment. For example, Glide Skateboards are hand-crafted and made from reclaimed and sustainable materials like maple planks, which were once used by the Virginia State University Trojans.

Segmentation by product type and analysis of the skateboarding equipment market

• Skateboards
• Skateboarding footwear
• Skateboarding protective gear

During 2015, the skateboards segment dominated the market and accounted for more than 40% of the market share in terms of revenue. Skateboards are available in two different types, longboard, and shortboard. While shortboards are mostly used for performing skateboarding tricks, the longboards are used for cruising and racing. Moreover, the growing popularity of electric skateboards will also contribute to the growth of this market segment over the next four years.

Geographical segmentation and analysis of the skateboarding equipment market

• Americas
• APAC
• Europe
• MEA

Based on the skateboard industry statistics, the Americas dominated the global skateboarding equipment market and is expected to reach over USD 3 billion by 2020. Factors such as the high popularity of the sport in the region, especially Brazil and the US, will aid in the growth of this market over the forecast period.

Competitive landscape and key vendors

The global skateboarding equipment market is dominated by a few leading suppliers. Despite the presence of a few vendors, the market is highly fragmented due to the presence of several local vendors. The competition is expected to intensify which will lead to the introduction of many advanced products in the market over the next four years.

Key vendors in this market are 

• Alien Workshop
• Almost Skateboards
• Element Skateboards
• Plan B
• Zero Skateboards

Other prominent vendors in the market include Anti Hero, Baker, Birdhouse Skateboards, Blind Skateboards, Chocolate Skateboards, Dirty Ghetto Kids (DGK), enjoi, Flip Skateboards, Welcome Skateboards, and Zoo York.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global skateboarding equipment market?
• What are the key market trends impacting the growth of the global skateboarding equipment market?
• What are the challenges to market growth for the global skateboarding equipment market?
• Who are the key vendors in the global skateboarding equipment market?
• What are the market opportunities and threats faced by the vendors in the global skateboarding equipment market?
• Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.
• What are the key outcomes of the five forces analysis of the global skateboarding equipment market?

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