Global Skateboard Market By Product Type (Street Board, Cruiser Board, Long Board, and Other Product Types), By End-User (Kids, Teenagers, and Adults), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Skateboard Market Overview:

In 2021, the global skateboard market was worth USD 2,224 Million. It is expected to grow at a 3.2% CAGR over the forecast period.

The market will see a rise in demand from the younger generation for this sport. The growing popularity of skating in many countries is fueling the product demand. It is a great way to have fun and it can also help to stay flexible. The market is expected to grow due to increased interest in fitness and other outdoor activities.

Global Skateboard Market Scope:

Product Type Analysis

Street board was the most popular product segment in 2021, accounting for 51.2% of total revenue. These skateboards, also known as popsicle boards, are a staple in street skating. Street boards typically measure 33 inches long and have a width of 7.5 to 8.75 inches. Because of the rough and uneven roads, the wheels are more compact and harder than other types of skateboards.

These boards are popular with beginners and can be purchased at a lower price than other types. To secure a certain percentage of the market, companies are investing in skateboard manufacturing.
Inter IKEA Systems B.V., for instance, launched its first skateboard in 2021 as part of its clothing and furniture line in Southern California.

The fastest-growing product is a longboard, growing at a 4% CAGR from 2023 to 2032. This is due to the longer dimensions and ease of flipping. These boards measure 44 inches long and 22 to 26 inches wide. They are also available in many sizes and shapes. Because of the product’s wheel size, construction, as well as its hardware material, it is relatively fast. Longboards are used for cruising, traveling, and downhill racing. Freestyle and longboard dance are becoming increasingly popular. These styles allow the rider to feel fluid-like movements.

End-User Analysis

The largest segment was the teenagers, representing 43.6% of total revenue in 2021. Teenagers fall within the 12-17 age range. Segment growth can be attributed to a large number of people in each age bracket. In the United States, for example, the 12 to 17-year-old age group accounted for 35.3% of all children aged under 18. Skateboarding is a popular choice for millions of young people because it’s a viable, challenging, and enjoyable recreational sport.

Skateboards are also being used by college students to commute to the college campus. The motorized skateboard with greater convenience is driving a rise in demand. It also features weight sensor controls and a handheld throttle to control the board’s speed. Teenagers are known for their rebellious attitude, which makes them more motivated to use a skateboard.

Кеу Маrkеt Ѕеgmеntѕ

By Product Type

• Street Board
• Cruiser Board
• Long Board
• Other Product Types

By End-User

• Kids
• Teenagers
• Adults

Market Dynamics:

Due to the HFC phase-down plan and the transition to eco-friendly natural products, the U.S. mobile air conditioning and commercial refrigeration industries will likely experience significant growth during the forecast period. In recent years, there has been an increase in demand for cooling equipment. This has in turn led to an increase in aerosol refrigerant use in the economy.

The industry of skateboards follows the rapid growth of refrigerants, which is expected to be driven primarily by increased cooling system demand. These products are expected to be highly regulated, with the U.S. EPA, as well as the European Commission, enforcing strict regulations pertaining to the type of propellant and refrigerant.

A large number of suppliers is what makes the raw material market unique. The industry is also moving towards the use of bio-based and active ingredients due to concerns about the use of volatile organic compounds (VOCs), in substitute products.

Original equipment manufacturers, such as Samsung and LG, use the products extensively. Because of its portability, product penetration in the aftermarket market is higher. Additionally, the product’s low cost of manufacture will likely lead to increased adoption.

The industry’s growth is expected to be influenced by the increasing demand for household and commercial refrigeration as well as air conditioners. The industry has seen significant growth due to the implementation of CO2 cascade technology in cooling systems and the expansion of supermarkets.

Regional Analysis

North America was the biggest regional market and accounted for 33.7% of global revenue in 2021. The key factors are increased awareness about skateboarding and wide product availability in the region. A recent survey shows that skateboarding ranks third in the most-popular sports category, behind basketball and football. The increase in competition in the region is driving younger generations to skateboard.

Asia Pacific will see a 4.6% CAGR over the forecast period due to increased awareness of outdoor sports. This region saw the greatest increase in childhood obesity. According to WHO, over 340 million people aged between 5 and 19 years old were obese or overweight in 2016. Parents and institutions encourage their children to engage in outdoor sports.

Skateboarding is becoming more popular thanks to the various contests and competitions that are held at both the national and regional levels. This encourages kids to take up the sport.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Element Skateboards, Krown Skateboards, SK8FACTORY, and Skate One are the key manufacturers of skateboards. To gain greater market share globally, the leading players in this market are investing heavily in product innovation and development. The market is constantly being updated with new products to maintain interest. This is due to the increasing popularity of outdoor sports and the desire for more diverse activities in many regions.

As part of their strategy to increase market share, some industry players are innovating their products. In 2019, rave skateboards launched its 2019 summer line, which includes funky graphics-based skateboards. Launch Snowboards has also introduced its skateboard line, which includes pintail longboards and drop-through longboards as well as street decks, trucks, and wheel kits.

Маrkеt Кеу Рlауеrѕ:

• Element Skateboards
• Krown Skateboards
• SK8FACTORY
• Absolute Board
• Alien Workshop
• Artprint
• Zero Skateboards
• Control Skateboards
• Razor
• Carver Skateboards
• Almost Skateboards
• Other Key Players

For the Skateboard Market research study, the following years have been considered to estimate the market size: