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The skateboard market size is forecast to increase by USD 1 billion, at a CAGR of 3.91% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, with dynamic shifts in consumer preferences, technological advancements, and industry trends. Electric skateboards have gained significant traction, offering enhanced mobility and convenience for riders. Meanwhile, skateboard footwear is undergoing innovation, with new materials and designs prioritizing comfort and performance. Skateboarding education is on the rise, as organizations and institutions offer programs to teach the sport's techniques and safety guidelines. Vert skateboarding, with its impressive heights and acrobatic maneuvers, remains a popular sector, driving demand for high-performance skateboards and accessories. Skateboard graphics continue to be a significant aspect of the market, with artists and brands pushing the boundaries of creativity and self-expression.
Cruiser boards, with their streamlined designs and focus on ease of use, are gaining popularity among casual riders. Complete skateboards cater to various skill levels and riding styles, while skateboarding tricks and competitions showcase the sport's creativity and athleticism. Skateboard supply and manufacturing have become more sustainable, with eco-friendly materials and ethical production practices gaining importance. Downhill skateboarding, with its high speeds and adrenaline rushes, requires specialized equipment and safety measures. Skateboard hardware, including trucks, wheels, and bearings, undergo constant innovation to improve performance and durability. Skateboarding culture thrives on social media, with influencers and enthusiasts sharing their experiences and showcasing their skills.
Skateboarding facilities, from parks to indoor ramps, provide opportunities for riders to practice and connect with the community. The market's continuous evolution is reflected in its diverse offerings, from skateboarding apparel and accessories to online retailers and events. As the industry adapts to changing consumer demands and technological advancements, it remains an exciting and dynamic space.
The skateboard industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The teenagers segment is estimated to witness significant growth during the forecast period.
The market caters to a diverse demographic, with teenagers representing a significant consumer base. Their preferences for visually appealing designs, vibrant colors, and unique graphics influence market trends. Teenagers also experiment with various skateboard types, including longboards and cruisers, contributing to market expansion. Skateboarding competitions and events further fuel market growth, with the sport's debut at the 2021 Summer Olympics in Tokyo increasing popularity. Skateboard construction materials range from wood and plastic to metal and carbon fiber, catering to diverse preferences for durability, weight, and maneuverability. Customization is a key aspect of the market, with skateboarders expressing their individuality through personalized graphics, colors, and hardware.
Safety regulations ensure the production of helmets, pads, and other protective gear, addressing concerns for skateboarding injuries. Skateboard brands and retailers cater to various market segments, offering complete skateboards, parts, apparel, and accessories. Online retailers have gained prominence, providing convenience and a wider selection. Skateboarding history and culture are celebrated through events, media, and educational programs, fostering a strong community. Skateboarding techniques and tricks continue to evolve, pushing the boundaries of performance and innovation. Market trends include the rise of electric skateboards, downhill racing, and mini cruisers, catering to diverse skateboarding styles and preferences. Sustainability and ethical considerations are increasingly important, with eco-friendly materials and fair labor practices gaining attention.
The Teenagers segment was valued at USD 1.96 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 38% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The North American market is a significant and mature industry, marked by the presence of prominent players and brands such as Powell Peralta (Skate One Corp.) and Almost Skateboards. The US and Canada are the primary markets in North America, with the US leading the charge. Factors fueling market growth include skateboarding's rising popularity as a recreational activity and transportation method, the Olympics' inclusion of skateboarding, and the trend toward eco-friendly and sustainable products. Additionally, the increasing number of skateboarding events and competitions contributes to market expansion. Skateboarding art, construction (plastic and wood), demand, parts, safety regulations, community, and infrastructure shape the market landscape.
Skateboarding styles, trends, and sustainability are key considerations, with innovation in materials like bamboo, carbon fiber, and metal construction. Skateboarding culture thrives through media, events, and education, fostering a strong sense of community. Skateboarding accessories, apparel, footwear, and online retailers cater to diverse consumer needs. Electric skateboards, cruiser boards, complete skateboards, and skateboarding tricks are popular offerings. Market dynamics include skateboarding's accessibility, affordability, and the continuous evolution of skateboarding techniques and performance. Skateboarding's future looks promising, with a focus on safety, durability, and skateboarding ethics.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market is a vibrant and dynamic industry, encompassing various elements that cater to the ever-evolving needs and preferences of skateboarders worldwide. From decks made of maple, fiberglass, or bamboo, to trucks in T-form or reverse kingpin design, and wheels with different durometers, the market offers diverse options. Grip tape, bearings, and hardware are essential accessories, ensuring a safe and optimal riding experience. Skateboarding styles range from street, park, and vert, to downhill and freestyle, each requiring specific equipment. Brands continually innovate, introducing new technologies, materials, and designs to meet the demands of this passionate community. The market is not just about transportation or sport; it's a lifestyle, an art form, and a source of endless creativity and self-expression.
The skateboard market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the skateboard market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, skateboard market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Almost Skateboards - The company specializes in the production and distribution of innovative skateboard designs.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Skateboard Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
149 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.91% |
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Market growth 2024-2028 |
USD 1002.9 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
3.62 |
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Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, and Rest of World (ROW) |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Distribution Channel
8 Market Segmentation by Product Type
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Opportunity/Restraints
12 Competitive Landscape
13 Competitive Analysis
14 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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