Authored By: Sarah
11 Jul 2024

 Skateboarding Equipment Market Size to grow by USD 220.28 million between 2024-2028

According to a research report “ Skateboarding Equipment Market” by Type (Skateboards, Skateboarding footwear, Skateboarding protective gears, Others) Distribution Channel (Offline, Online) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 220.28 million, at a CAGR of  3.9% during the forecast period. In the burgeoning skateboarding equipment market, advanced technologies such as AI-powered sensors are revolutionizing the sport. These sensors, integrated into skateboards or wearable devices, meticulously track and analyze performance metrics, including speed, balance, and tricks. This data empowers riders to identify their strengths and weaknesses, fostering continuous skill improvement. Furthermore, AI can be integrated into safety gear to detect and respond to potential accidents, minimizing injury risk. AI algorithms, analyzing a skater's preferences, riding style, and terrain, can recommend or design customized skateboard components for optimized performance. Additionally, AI-driven coaching platforms offer personalized training regimens, drills, and guidance, streamlining the learning process and enhancing overall skating efficiency.

Browse market data tables, figures, and in-depth TOC on “Skateboarding Equipment Market” by Type (Skateboards, Skateboarding footwear, Skateboarding protective gears, Others) Distribution Channel (Offline, Online) Geography (North America, Europe, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Type, the Skateboards segment is projected to dominate the market size in 2024

The offline skateboarding equipment market segment is anticipated to hold a significant market share in 2023. Offline retail channels provide the benefit of instant accessibility, enabling customers to purchase skateboards directly from physical stores without the need for shipping delays. Skate shops function as community centers for skateboarding enthusiasts, hosting events, sponsoring local talent, and fostering a strong sense of camaraderie. Experienced skateboarding staff in these stores offer personalized advice, assist customers in selecting appropriate boards based on skill level, and provide guidance on maintenance and accessory needs.

By Distribution Channel, Offline  segment is expected to hold the largest market size for the year 2024

Skateboarding has transformed from a pastime into a global cultural movement, permeating fashion, music, and art. This trend-setting activity has significantly influenced popular culture, shaping fashion trends and streetwear. Social media platforms, such as Instagram, TikTok, and YouTube, have amplified skateboarding's visibility, enabling skaters to share techniques, tricks, and lifestyles, attracting a new wave of enthusiasts. The expansion of skateparks and facilities has increased accessibility, fostering a larger skateboarding community. Pro skaters and influencers serve as influential figures, endorsing skateboarding through videos, competitions, and sponsorships, inspiring individuals to engage in this dynamic and creative sport.

North America is forecasted to hold the largest market size by region in 2024

The skateboarding equipment market in North America experiences robust growth due to the region's thriving skateboarding culture and substantial consumer base. With numerous skate parks, events, and competitions, North America's skateboarding community, encompassing professionals and amateurs, continues to expand. The demographic reach of skateboarding is diverse, ranging from youthful enthusiasts to mature riders, ensuring a sustained demand for skateboarding equipment. North America's economic strength, particularly in the US and Canada, bolsters the market by enabling consumers to invest in high-quality, premium skateboarding equipment with their disposable income and consumer spending power.

The Skateboarding Equipment Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Alien Workshop
  • Almost Skateboards
  • Authentic Brands Group LLC
  • BIRDHOUSE SKATEBOARDS
  • CaliRides LLC
  • Control Skateboards Inc.
  • Dankies Skateboards
  • Decathlon SA
  • enjoico
  • Exway Canada
  • Gyroorboard
  • Habitat Skateboards
  • HLC SB DISTRIBUTION SL
  • Krown Skateboards
  • Quiksilver Inc.
  • Razor USA LLC
  • Sk8factory
  • Skate One Corp.
  • Urban Monkey
  • Zero Skateboards
.

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Research Analysis Overview

The skateboarding equipment market caters to various segments, with teenagers being a significant consumer base. Freestyle skateboarding, which includes longboard dance and street boarding, is popular among this demographic. Notable figures like Sean Malto, Paul Rodriguez, and Eric Koston have made skateboarding a popular culture phenomenon. Brands like Mountain Dew, owned by PEPSICO INC, and Nike, Inc, have entered the market with sponsorships and collaborations. Santa Cruz Skateboards, known for its unique graphics, continues to be a favorite among skaters. Brands like Dior showcased skateboards at Paris Fashion Week, blurring the lines between fashion and skating. Scooters and electric skateboards have also gained traction, offering alternatives to traditional skateboards. Skating is not just a hobby but a form of physical fitness and expression. The International Olympic Committee recognized skateboarding as an official sport in 2020, adding to its growing popularity. Street League, X Games, and other outdoor sporting events provide platforms for skaters to showcase their skills. With brands continuing to innovate and collaborate, the skateboarding equipment market is expected to thrive among younger individuals.

Market Research Overview

Title: Skateboarding Equipment Market: Competition, Growth Scenario, Key Drivers, and Future Estimations The skateboarding equipment market is witnessing significant growth due to increasing end user demand from various segments, including teenagers and college students. The market's potency lies in its ability to cater to the trend of stress management through recreational activities and promotion of healthy lifestyles. Key drivers include the influence of popular culture, with skateboarding gaining popularity through athletes like Sean Malto, Paul Rodriguez, and Eric Koston. Brands like Nike, Inc., Santa Cruz Skateboards, and Dior have also entered the market, increasing competition. The market growth scenario is further boosted by the presence of various distribution channels, including e-commerce, retail, and sports stores. Current trends include the availability of a wide range of styles and colors, safety equipment like helmets, and the emergence of electric skateboards. Future estimations suggest continued growth, with the market expected to expand further due to the International Olympic Committee recognizing skateboarding as an official sport. The market is also expected to see competition from related industries like cycling and scooters. Investment pockets include the freestyle, longboard dance, and long board segments. The street board and traditional skateboards segments are also expected to maintain their presence due to their popularity among consumers. The skateboarding equipment market is expected to continue its growth trajectory, driven by increasing end user demand, key drivers, and future estimations.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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