Global Skateboard Market Overview, 2023-28

Global Skateboard Market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition Forecast & Opportunities.

Featured Companies

  • 1. Bureo
  • 2. Element Skateboards
  • 3. Skate One
  • 4. Absolute Board Co
  • 5. Razor USA LLC.
  • 6. Alien Workshop
  • 7. Zero Skateboards
  • 8. Boosted Inc.
  • 9. Artprint
  • More...

Skateboard sales have increased as a result of increased awareness of the sport as a result of various competitions such as the X Games and Street League. Furthermore, the International Olympic Committee announced in 2016 that skateboarding would be included in the 2020 Summer Olympics. Furthermore, graphics play an important role in increasing consumer adoption of skateboards. Consumers' increasing preference for funky and appealing graphics displayed on the boards, particularly among teenagers, has increased their desire to ride on these boards. As a result, businesses use effective marketing strategies to popularise their brands as skateboard symbols. Companies also use popular market slogans and keywords to generate effective sales.

According to the report titled, “Global Skateboard Market Overview, 2023-28”, published by Bonafide research, the market was valued at USD 4312.87 Million in 2022 and it is anticipated to grow with a CAGR of 5.32% from 2023 to 2028. Rising demand for sporting activities among the younger generation will boost product demand in the market. The product demand is fuelled 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, the inclination towards fitness has resulted in increased outdoor sports activities, which acts as a key factor driving the market over the forecast period. Additionally, social media has increasingly evolved as a primary source for teenagers to get attracted to these sports. Moreover, the increasing adoption of newer sports by new generations such as Generation Z is playing a vital role in creating emerging markets for a variety of skateboards. However, according to the State of Skate, Generation Z is found unfaithful towards any brand or any sport. Therefore, companies strive for greater strategic efforts in order to maintain their interest in the activity.

There are numerous benefits of skateboarding such as it aids in burning calories and staying in great physical shape, it also offers flexibility to the individual’s body, it also helps in stress relieving and it is the main source of fun and quality time. The major opportunity in the Global Skateboard Market is the accessibility of specialized products. Growing demand for sporting actions among the younger generation will boost product demand in the market. The product demand is fuelled by cumulative demand for skating as a sport in many countries. Apart from using it as a basis for a fun, it also provides flexibility and good physical shape to the body. Furthermore, feeling towards fitness has resulted in enlarged outdoor sports activities, which acts as a key feature driving the market over the forecast period.

Factors such as growing preference for skateboarding, rising disposable income, increasing awareness about health and fitness as well as benefits of outdoor sports activities, and increasing preference for personal mobility are expected to drive market revenue growth over the forecast period. Governments around the world are focusing on improving sports infrastructure, which is expected to support market growth during the forecast period. For example, in September 2021, Anurag Thakur, Union Minister of India, announced a package of around 200 Crore INR to develop sports infrastructure in Jammu and Kashmir. In addition, the increasing participation of teenagers in a variety of sporting events and the rising disposable income of people in emerging economies, such as India, China, and South Korea, are expected to positively impact market revenue growth.

Covid-19 Impacts:
The global Skateboard market is projected to experience a temporary phase of sluggish revenue growth. Supply-chain disruptions caused as a result of this outbreak have hampered production activities across multiple industries. Several companies were forced to halt their operations temporarily, following the enforcement of stringent restrictions and other government orders aimed at containing the spread of the virus. Nonetheless, various industry players in the global Skateboard market are now increasing their focus on the establishment of successful collaborations, acquisitions, and/or joint venture activities as a means to enhance their respective customer bases. In doing so, these players are also increasing their supply capabilities to meet customer requirements on a local as well as global scale. This factor paired with promising industrialization prospects in developing economies of the Asia-Pacific region, such as China, India, Taiwan, Indonesia, etc., are expected to create massive business opportunities for key players over the forecast period.

Major Companies present in the market:
Bureo, Element Skateboards, Skate One, Absolute Board Co, Razor USA LLC., Alien Workshop, Zero Skateboards, Boosted Inc., Artprint, Sk8factory

Considered in this report
• Geography: Global
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Global skateboard market with its value and forecast along with its segments
• Region-wise skateboard market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions covered in the report:
• North America
• Europe
• Asia-Pacific
• South America
• Middle-East & Africa

By Product:
• Street Skateboard
• Cruiser Skateboard
• Long Skateboard
• Electric Skateboard
• Others Skateboard

By End-User:
• Kids
• Teenagers
• Adults

By Distribution Channel:
• Offline
• Online

 

 

 

 

 

 

 

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the skateboard industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.


What's Inside a Bonafide Research`s industry report?

Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

Download Sample

Make this report your own

Have queries/questions regarding a report?

Take advantage of intelligence tailored to your business objective

Manmayi Raval

Manmayi Raval

Research Consultant

Don’t pay for what you don’t need. Save 30%

Customise your report by selecting specific countries or regions

Specify Scope Now
Manmayi Raval

Companies Mentioned

  • Bureo
  • Element Skateboards
  • Skate One
  • Absolute Board Co
  • Razor USA LLC.
  • Alien Workshop
  • Zero Skateboards
  • Boosted Inc.
  • Artprint
  • Sk8factory

Table of Contents

  • Table of Content
  • 1. Executive Summary
  • 2. Market Dynamics
  • 2.1. Market Drivers
  • 2.2. Challenges
  • 2.3. Opportunity
  • 2.4. Restraints
  • 2.5. Market Trends
  • 2.6. Covid-19 Effect
  • 2.7. Supply chain Analysis
  • 2.8. Policy & Regulatory Framework
  • 2.9. Industry Experts Views
  • 3. Research Methodology
  • 3.1. Secondary Research
  • 3.2. Primary Data Collection
  • 3.3. Market Formation & Validation
  • 3.4. Report Writing, Quality Check & Delivery
  • 4. Market Structure
  • 4.1. Market Considerate
  • 4.2. Assumptions
  • 4.3. Limitations
  • 4.4. Abbreviations
  • 4.5. Sources
  • 4.6. Definitions
  • 4.7. Skating Start-ups
  • 4.8. Skate-parks by countries
  • 5. Economic /Demographic Snapshot
  • 6. Competitive Landscape
  • 6.1. Competitive Dashboard
  • 6.2. Business Strategies Adopted by Key Players
  • 6.3. Key Players Market Share Insights and Analysis, 2022
  • 6.4. Key Players Market Positioning Matrix
  • 6.5. Consolidated SWOT Analysis of Key Players
  • 6.6. Porter's Five Forces
  • 7. Global Skateboard Market Outlook
  • 7.1. Market Size By Value
  • 7.2. Market Size and Forecast, By Geography
  • 7.3. Market Size and Forecast, By Product Type
  • 7.4. Market Size and Forecast, By End-User
  • 7.5. Market Size and Forecast, By Distribution Channel
  • 8. North America Skateboard Market Outlook
  • 8.1. Market Size By Value
  • 8.2. Market Share By Country
  • 8.3. Market Size and Forecast By Product Type
  • 8.4. Market Size and Forecast By End-User
  • 8.5. Market Size and Forecast By Distribution Channel
  • 9. Europe Skateboard Market Outlook
  • 9.1. Market Size By Value
  • 9.2. Market Share By Country
  • 9.3. Market Size and Forecast By Product Type
  • 9.4. Market Size and Forecast By End-User
  • 9.5. Market Size and Forecast By Distribution Channel
  • 10. Asia-Pacific Skateboard Market Outlook
  • 10.1. Market Size By Value
  • 10.2. Market Share By Country
  • 10.3. Market Size and Forecast By Product Type
  • 10.4. Market Size and Forecast By End-User
  • 10.5. Market Size and Forecast By Distribution Channel
  • 11. South America Skateboard Market Outlook
  • 11.1. Market Size By Value
  • 11.2. Market Share By Country
  • 11.3. Market Size and Forecast By Product Type
  • 11.4. Market Size and Forecast By End-User
  • 11.5. Market Size and Forecast By Distribution Channel
  • 12. Middle East & Africa Skateboard Market Outlook
  • 12.1. Market Size By Value
  • 12.2. Market Share By Country
  • 12.3. Market Size and Forecast By Product Type
  • 12.4. Market Size and Forecast By End-User
  • 12.5. Market Size and Forecast By Distribution Channel
  • 13. Company Profile
  • 13.1. Bureo
  • 13.1.1. Company Snapshot
  • 13.1.2. Company Overview
  • 13.1.3. Financial Highlights
  • 13.1.4. Geographic Insights
  • 13.1.5. Business Segment & Performance
  • 13.1.6. Product Portfolio
  • 13.1.7. Key Executives
  • 13.1.8. Strategic Moves & Developments
  • 13.2. Element Skateboards
  • 13.3. Skate One
  • 13.4. Absolute Board Co
  • 13.5. Razor USA LLC
  • 13.6. Alien Workshop
  • 13.7. Zero Skateboards
  • 13.8. Boosted Inc
  • 13.9. Artprint
  • 13.10. Sk8factory
  • 14. Strategic Recommendations
  • 15. Annexure
  • 15.1. FAQ`s
  • 15.2. Notes
  • 15.3. Related Reports
  • 16. Disclaimer

List of Table

Table 1: Global Skateboard Market Snapshot, By Segmentation (2022 & 2028) (in USD Million)
Table 2: Influencing Factors for Global Skateboard Market, 2022
Table 3: List of Skate-parks by Countries
Table 4: Top 10 Counties Economic Snapshot 2020
Table 5: Economic Snapshot of Other Prominent Countries 2020
Table 6: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 7: Global Skateboard Market Size and Forecast, By Geography (2017 to 2028F) (In USD Million)
Table 8: Global Skateboard Market Size and Forecast, By Product Type (2017 to 2028F) (In USD Million)
Table 9: Global Skateboard Market Size and Forecast, By End-User (2017 to 2028F) (In USD Million)
Table 10: Global Skateboard Market Size and Forecast, By Distribution Channel (2017 to 2028F) (In USD Million)
Table 11: North America Skateboard Market Size and Forecast By Product Type (2017 to 2028F) (In USD Million)
Table 12: North America Skateboard Market Size and Forecast By End-User (2017 to 2028F) (In USD Million)
Table 13: North America Skateboard Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Million)
Table 14: Europe Skateboard Market Size and Forecast By Product Type (2017 to 2028F) (In USD Million)
Table 15: Europe Skateboard Market Size and Forecast By End-User (2017 to 2028F) (In USD Million)
Table 16: Europe Skateboard Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Million)
Table 17: Asia-Pacific Skateboard Market Size and Forecast By Product Type (2017 to 2028F) (In USD Million)
Table 18: Asia-Pacific Skateboard Market Size and Forecast By End-User (2017 to 2028F) (In USD Million)
Table 19: Asia-Pacific Skateboard Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Million)
Table 20: South America Skateboard Market Size and Forecast By Product Type (2017 to 2028F) (In USD Million)
Table 21: South America Skateboard Market Size and Forecast By End-User (2017 to 2028F) (In USD Million)
Table 22: South America Skateboard Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Million)
Table 23: Middle East & Africa Skateboard Market Size and Forecast By Product Type (2017 to 2028F) (In USD Million)
Table 24: Middle East & Africa Skateboard Market Size and Forecast By End-User (2017 to 2028F) (In USD Million)
Table 25: Middle East & Africa Skateboard Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Million)

List of Figures
Figure 1: Global Skateboard Market Size (USD Million) By Region, 2022 & 2028
Figure 2: Market attractiveness Index, By Region 2028
Figure 3: Market attractiveness Index, By Segment 2028
Figure 4: Competitive Dashboard of top 5 players, 2022
Figure 5: Market Share insights of key players, 2022
Figure 6: Porter's Five Forces of Global Skateboard Market
Figure 7: Global Skateboard Market Size By Value (2017, 2022 & 2028F) (in USD Million)
Figure 8: Global Skateboard Market Share By Region (2022)
Figure 9: North America Skateboard Market Size By Value (2017, 2022 & 2028F) (in USD Million)
Figure 10: North America Skateboard Market Share By Country (2022)
Figure 11: Europe Skateboard Market Size By Value (2017, 2022 & 2028F) (in USD Million)
Figure 12: Europe Skateboard Market Share By Country (2022)
Figure 13: Asia-Pacific Skateboard Market Size By Value (2017, 2022 & 2028F) (in USD Million)
Figure 14: Asia-Pacific Skateboard Market Share By Country (2022)
Figure 15: South America Skateboard Market Size By Value (2017, 2022 & 2028F) (in USD Million)
Figure 16: South America Skateboard Market Share By Country (2022)
Figure 17: Middle East & Africa Skateboard Market Size By Value (2017, 2022 & 2028F) (in USD Million)
Figure 18: Middle East & Africa Skateboard Market Share By Country (2022)

Market Research FAQs

The skateboard market is value at USD 4511.22 Million in 2022.

Some of the key players of skateboard market are Element Skateboards, Krown Skateboards, Sk8factory, Skate One, Absolute Board Co, Alien Workshop, Zero Skateboards, Control Skateboards Inc, Razor Llc, Almost Skateboards, Boiling Point, Artprint, Plan B, Control Skateboards, Absolute Board, Carver Skateboards, Razor, Blind Skateboards, Boosted Inc.

In 2022 electric product type is dominating the skateboard market.

North America is currently dominating the market with highest market share in the skateboard.

The global skateboard industry is segmented into product type, end-user and by distribution channel.
Logo

Global Skateboard Market Overview, 2023-28

Contact usWe are friendly and approachable, give us a call.