The global Skateboard Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 2.1% during the review period (2022 to 2027)
Skateboarding Global Championships During the projected period 2022-2027, the global skateboard market is expected to develop at a CAGR of 2.1%. The increasing number of young people taking up skateboarding as a sport, as well as the growing demand for cruiser boards and longboards, are driving this market forward. The skateboard market has been categorised by type, application, and geography in this analysis.
Growing demand for sporting activities among the younger generation will boost the product demand in the market. The product demand is fueled by increasing demand for skating as a sport in many countries. Apart from using it as a source of fun, it also provides flexibility and good physical shape to the body. Furthermore, inclination towards fitness has resulted in increased outdoor sports activities, which acts as a key factor driving the market over the forecast period.rising awareness regarding skateboarding as a result of various competitions held such as X Games and Street League has resulted in growth in the sales of skateboards. rising popularity of scooters pose a threat to the growing market of skateboards. Youth is expected to be the major contributor in choosing scooters as compared to skateboards. Moreover, consumers are opting for alternative sports for their safety measures due to increasing number of casualties caused by the sport.Street board emerged as the largest product segment, accounting for 50.7% share of overall revenue in 2018. These skateboards are also known as popsicle board and are predominant in street skating.
ELEMENT SKATEBOARDS JOIN FIGHT AGAINST CLIMATE CHANGE & PARTNER WITH 1% FOR THE PLANET
1% of Element’s global skateboard hardgood sales will be donated to 1% for the Planet, starting from 2022. The money will be put towards projects that focus on reforestation and preserving biodiversity.
Skateboard Market is segmented based on the type, applications, companies and regions.
By Type, Skateboard Market has been segmented into
The end user’s industry application on Skateboard Market is,
North America emerged as the largest regional market, accounting for 31.7% share of global revenue in 2018. Increased awareness regarding skateboarding as well as wide product availability in the region are the key driving factors. According to the findings, 6.4 million people participated in skateboarding in the U.S. in 2016. Moreover, the U.S. has the largest production of skateboards across the globe.
The report offers in-depth assessment of the growth and other aspects of the Skateboard Market in important regions, including the
Skateboard Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Element Skateboards, Boiling Point, Plan B, Krown Skateboards
Forecast Period 2022 to 2027 CAGR
CAGR of 2.1% during the review period (2022 to 2027).
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 and others.
2017 to 2021
2022 to 2027
Number of Pages
Yes, the report can be customized as per your needs
What is the study period of this market?
The Skateboard Market is studied from 2017 - 2027.
What is the growth rate of Skateboard Market?
The Skateboard Market is growing at a CAGR of 2.1% over the next 5 years.
What regions does this Skateboard Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.