Global Skateboard Market Size was valued at USD 144.2 million in 2021, and it is expected to reach a value of USD 166.7 million by 2028, at a CAGR of 2.1% over the forecast period (2022 - 2028) | Rising environment-friendly products and demand for sports
North America overtook Europe as the largest regional market in 2021, accounting for 31.7 % of worldwide revenue. Skate boarding's rising popularity and the wide selection of products that are readily available in the area are the key propellants. According to the findings, 6.4 million Americans skateboarded in 2021. Additionally, the world's largest skateboard producer is the United States. According to a recent survey, skateboarding is third in the most popular sports category, behind basketball and football. Because there are more tournaments held there each year, the younger generation is becoming more interested in the sport. Among the events scheduled for 2021 are the Jackalope Festival, the Central Mass Skate Festival, the X Games Minneapolis, and the 26th Annual Tampa Am in Florida.
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Asia Pacific is expected to grow at a CAGR of 4.1 % over the projection period due to rising interest in outdoor activities. Children under the age of five in the area experienced a 38 % rise in the prevalence of childhood obesity between 2000 and 2021. Additionally, according to the WHO, there were more than 340 million overweight or obese individuals aged 5 to 19 in 2021. Institutions and parents are encouraging kids to engage in outdoor sporting activities as a result. Skateboarding is promoted among children by raising awareness of the sport through various local, national, and international competitions. The decision to include skateboarding in the Tokyo Summer Olympics in 2021, for example, has inspired all skateboarders to excel in their sport. The 31st Annual Skate Japan, Skate Malaysia Summer Championship, and Skate Philippines Summer Championship are more competitions that will occur in 2021.
Read market research report, "The Global Skateboard Market is segmented based on Product, End User, and Region. Based on Product the market is further sub segmented into Street Board, Long Board. Based on End User the market is further sub-segmented into Kids, Teenagers, Adults, & By Region - Forecast and Analysis 2022-2028" by SkyQuest
Street board rose to become the most popular product category in 2021, contributing 50.7% of total revenue. The most popular usage for these skateboards, often known as Popsicle boards, is street skating. Street boards typically measure 33 inches in length and 7.5 to 8.75 inches wide. The board's wheels are smaller and tougher than those of other types of skateboards because of the rough and uneven surface of highways. These are frequently used by beginners and are significantly less expensive than other kinds. Businesses are investing in the development of skateboards to capture a specific portion of the market. For instance, as part of its clothing and furniture businesses, Inter IKEA Systems B.V. unveiled its first skateboard in Southern California in 2021.
The product with the fastest growth is the longboard, which has a CAGR of 3.8% from 2021 to 2028. The portion has expanded due to its larger size and ease of flipping over. These boards have longer proportions, reaching 44 inches in length and 22 to 26 inches in width, and they come in a variety of forms and sizes. The product's relative speed is influenced by the size of the wheel, the design, and the quality of the components. The main uses of longboards are for cruising, traveling, and downhill racing. Longboard dance and freestyle are becoming more and more popular because they let riders move naturally and freely.
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The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
What does this Report Deliver?
Market Estimation for 20+ Countries
Global Skateboard Market demand by Region, Sub-Region, and Country
Customization on Segments, Regions, and Company Profiles
100+ tables, 150+ Figures
Global, Regional, and Country-specific Skateboard Market Trends
Comprehensive Mapping of Skateboard Market Parameters
Attractive Investment Proposition in the Global Skateboard Market
Competitive Strategies Adopted by Global Skateboard Market Key Players
Drivers, Restraints, Opportunities, Challenges, and the impact on the Global Skateboard Market Size
Market growth rate till 2028
Regulatory scenario, regional dynamics, and Global Skateboard Market insights of leading countries in each region
In-depth Market insights by Region and Country
Market Segmentation Trend Analysis, Opportunities, and Growth
Porter's five force analysis to know the market's condition
Pricing Analysis and Global Skateboard Market Sales
Parent market analysis
Product portfolio benchmarking
Speak with our analyst for more information: https://skyquestt.com/speak-with-analyst/skateboard-market
SkyQuest has segmented the Global Skateboard Market based on Product, End User, and Region:
Global Skateboard Market by Product Outlook (Revenue, USD million, 2021 - 2028)
Global Skateboard Market by End-User Outlook (Revenue, USD million, 2021 - 2028)
Global Skateboard Market by Regional Outlook (Revenue, USD million, 2021 - 2028)
The Asia Pacific
Rest of CSA
The Middle East and Africa
Rest of MEA
Key Players in the Global Skateboard Market
SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.
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