Pune, 14, May, 2024: Stellar Market Research, a Consumer Goods & Services business research firm has published a report on the “Skateboard Market”. The total market size of Skateboard Market was USD 3.45 Bn in 2023 and is expected to grow at 3.4 percent CAGR through the forecast period by reaching nearly USD 4.36 Bn.
Skateboard Market Report Scope and Research Methodology
Market Size in 2023: USD 3.45 Bn.
Market Size in 2030: USD 4.36 Bn.
CAGR: 3.4% (2023-2030)
Forecast Period: 2024-2030
Base Year: 2023
Number of Pages: 278
No. of Tables: 119
No. of Charts and Figures: 115
Segment Covered: Product, End User, Distribution Channel
Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage: Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, SMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.
The report provides an in-depth analysis of the strategies of the top players in the Skateboard industry with an in-depth analysis of the market segments and regions. A detailed analysis of Skateboard market dynamics including drivers, restraints, opportunities and challenges is provided region-wise and segment-wise, in the Skateboard Market report.
The data for the Skateboard Market report was collected using primary and secondary research methods, which were combined to make the report authentic. The primary research conducted includes the questionnaire distribution, surveys and phone interviews with Skateboard industry experts, market leaders, marketing professionals and entrepreneurs. The bottom-up approach has been used to estimate the global and regional Skateboard Market size. SWOT analysis was used to provide the strengths and weaknesses of Skateboard key players in the industry.
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Skateboard Market Overview
More young people getting into sports means more people want sports stuff. Skating is getting really popular worldwide, making lots of people want skate products in many countries. Skating isn’t just fun; it helps keep you flexible and fit. Also, more people are into staying healthy, so there are more outdoor sports events happening. This trend is expected to keep growing and make the Skateboard market bigger in the future.
Skateboard Market Dynamics
The skateboard market is booming thanks to the popularity of skateboarding culture. Unique designs and marketing strategies reflect the sport’s rebellious spirit and appeal to a wide range of people. Skate boarding’s inclusion in events like the Olympics has boosted its mainstream acceptance. However, limited access to skate parks is holding back the market’s growth, as skaters need safe spaces to practice. Collaboration between governments and skateboarders can help build more skate parks and benefit local businesses. On the bright side, e-commerce and digital marketing are opening up new opportunities for skateboard companies to reach global audiences. Street boards are currently dominating the market, thanks to their focus on urban skate culture and innovative designs. Overall, while there are challenges, the skateboard market is thriving, driven by its unique culture, technological advancements, and increasing accessibility.
Skateboard Market Regional Insights
The Asia Pacific Skateboard Market is expected to hold the largest share of the global market during the forecast period. This happened because countries like China and Taiwan are good at making skateboards cheaply and well. Also, many top skateboard brands like Globe, Primitive, and Almost come from this area, making high-quality boards. People in Asia Pacific are really getting into skateboarding, especially young people, which boosts sales. Asian companies are great at making new and cool designs, often teaming up with experts from other countries. They’re also good at selling their products worldwide thanks to their efficient networks. Plus, prices are competitive because making skateboards costs less in Asia Pacific, and the government supports the sports industry. Altogether, these things make Asia Pacific a big player in the skateboard world.
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Skateboard Market Segmentation
By Product
- Street Board
- Cruiser Board
- Long Board
- Park Board
- Hybrid Board
- Others
Based on Product, the Street Board Glass segment is expected to hold the largest Skateboard Market share. Around 40 percent of the manufacturers majorly focuses on the street board. They are majorly used the convenience of urban surroundings provided natural arenas for skaters to showcase their skills, further driving demand for street boards.
By End User
- Kids (0-9)
- Teenagers (12-17)
- Adults (18 & Above)
Based on End User, the Teenagers segment held the largest Skateboard Market share and is expected to grow at a high rate during the forecast period. The rise of urban living has played a significant role. Skateboarding is an efficient and eco-friendly mode of transportation in cities, where Teenagers often seek alternatives to traditional commuting methods.
By Distribution Channel
- Online
- Offline
Based on Distribution Channel, the offline segment is expected to hold the largest share of the global market in the future. Many skateboarders prefer to physically inspect and test boards, trucks, wheels, and other gear before making a purchase.
Skateboard Key Competitors include:
- Element Skateboards (Irvine)
- Plan B Skateboards (Vista)
- Girl Skateboards (Torrance)
- Zero Skateboards (Carlsbad)
- Birdhouse Skateboards (Vista)
- Santa Cruz Skateboards (Santa Cruz)
- Almost Skateboards (El Segundo)
- Enjoi Skateboards (California)
- Baker Skateboards (Los Angeles)
- Powell Peralta (Santa Barbara, California)
- Primitive Skateboarding (Los Angeles)
- Flip Skateboards (Huntington Beach, California)
- Toy Machine Skateboards (Long Beach)
- Alien Workshop (Miamisburg, Ohio)
- Chocolate Skateboards (Torrance)
- Habitat Skateboards (Erlanger, Kentucky)
- Quiksilver (Huntington Beach, California)
- Volcom (Costa Mesa, California)
- Vans (Costa Mesa, California)
- Adidas Skateboarding (Herzogenaurach, Germany)
Key questions answered in the Skateboard Market report are:
- What is Skateboard?
- Which market segment held the largest share of the global Skateboard Market in 2023?
- What are the global trends in the Skateboard Market?
- What are the upcoming industry applications and trends for the Skateboard Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Skateboard Market?
- What growth strategies are the players considering to increase their presence in Skateboard Market?
- Who are the leading companies and what are their portfolios in Skateboard Market?
- What are the major challenges that the Skateboard Market could face in the future?
- Which region held the largest Skateboard Market Share in 2023?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Market Size, Share, Size & Forecast by different segment | 2023−2030
- Skateboard Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Skateboard Market Segmentation – A detailed analysis by Product, End User, Distribution Channel,and Region
- Competitive Landscape – Profiles of selected key players by region in a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Stellar Market Research is leading Consumer Goods & Services research firm, has also published the following reports:
Games and Puzzles Market– The market size is expected to reach USD 32.57 billion by 2029 at a CAGR of 8.5 percent during the forecast period. The market is expected to be driven by the increasing inclination towards leisure pursuits and entertainment.
Sports Equipment Market – The market size is expected to reach USD 5.88 billion by 2030 at a CAGR of 16 percent during the forecast period. Continuous innovation and rapid technological advances in line with the changing consumer preferences drive Sports Equipment market growth.
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies
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Website: https://www.stellarmr.com/report/Skateboard-Market/1814