Skateboard Market is valued at USD 2.83 Billion in 2022 and expected to reach USD 3.83 Billion by 2029 with the CAGR of 4.38% over the forecast period.
Global Skateboard Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2029- Increasing popularity of sports and the growing attractiveness of recreational activities are expected to drive the growth of the global Skateboard market.
A skateboard is a type of sports equipment used for skateboarding. They are usually made of a particularly designed 7-ply maple plywood deck with a polyurethane coating for smoothness and durability or controls attached to the base by a pair of skateboarding trucks. While some use skateboards as transportation over short distances, most are used to perform stunts. Skateboarding is a sport, an art form, a lifestyle and a culture. People have been skating for decades, and it has even become an extreme sport. They can all benefit from skateboarding, even if we’re not bombing half pipes and grinding down rails. Skateboarding is an action sport that involves riding and performing tricks using a skateboard, as well as a recreational activity, an art form, an entertainment industry occupation and a method of transportation. Skateboarding has been shaped and influenced by many skateboarders throughout the years.
Global Skateboard market report is segmented on the basis of type and application. Based upon type Skateboard is classified into Park Boards, Cruiser Boards, Longboard and Other. Based upon application Skateboard is classified into Kids, Teenagers and Adults.
The regions covered in this global Skateboard market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level market of Skateboard is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Global Skateboard Market Players are -
Increasing popularity of sports and the growing attractiveness of recreational activities are expected to drive the growth of the global Skateboard market. Nowadays skateboard is a very popular sport among youths. Being a popular and extreme sport, skateboarding often earns its place in the news for local events and unfortunate skateboarder injuries. As skateboarding is getting more and more popular, they thought why not make a list of skateboard stats which will give the information at a glance. Skate Review recognized that the net worth of skateboarding is USD4.8 billion dollar in the market nowadays. About 11 million people self-report that they enjoy skateboarding on a regular basis. Also, increasing demand for ecofriendly products, increasing interest in different sport activities and escalating popularity of the sport skateboarding are the major driving factors that contributes to increasing demand of skateboard. The growing awareness of the sport will also exert a positive influence on the growth of the market over the next coming years. The major restraining factors of global skate board market are risk of injuries associated with skateboarding. The major opportunity in global skateboard market is availability of specialized products.
North America is expected to dominate the growth of skateboard market, due to inclination towards fitness and increased outdoor sports activities. According to 2017 Outdoor Participation Report, 144.4 million Americans, or 48.8% of the US population, participated in an outdoor activity at least once in 2016. While 10.6 million Americans returned to or started participating in one or more of the outdoor activities measured, 8.6 million stopped. That equates to a net gain of 2 million total participants and a mix rate of 6%. Moreover, according to the WHO, more than 340 million populations aged 5 - 19 years were overweight or obese in 2016. As a result, parents and institutions are encouraging kids to indulge themselves in outdoor sporting activities. Europe is second largest region for the growth of this market. Inclination of the younger generation is increasing towards the sport as a result of rise in the number of competitions held annually in the European region.
Dec 5, 2019, The Arbor Collective and Shiner Ltd. are proud to announce that Shiner has been named the new Exclusive Global Distributor for the Arbor Skateboards Program. Absolute will be working closely with Shiner to ensure a smooth transition, which will happen March 2020. The Arbor Collective would like to thank the team at Absolute for their hard work and dedication to the Brand, and wish them every success with all future endeavors. Shiner joined the Arbor family in 2017 as its principle EU distributor for Arbor Skateboards. They added the Brand’s Apparel offering in 2019. In the new expanded role, Shiner will manage the Arbor Skateboards business globally, including development, production, logistics, sales, and marketing.
|Historical data||2016 - 2021|
|Forecast Period||2022 - 2029|
|Market Size in 2022:||USD 2.83 Billion|
|Base year considered||2021|
|Forecast Period CAGR %:||4.38%|
|Market Size Expected in 2029:||USD 3.83 Billion|
|Tables, Charts & Figures:||175|
|Key Players/Companies||Element Skateboards, Boiling Point, Plan B, Krown Skateboards, SK8 factory, Skate One, Absolute Board, Alien Workshop, Artprint, Zero Skateboards, Control Skateboards, Razor, Carver Skateboards, Almost Skateboards, Powell Peralta, Skate One Corporation, Polar Skate Co., others.|
|Segments Covered||By Type, By Application|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
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