Street Skateboard Market Report Analysis, Growth, Trends and Top key Players By 2030
In 2020, the global Street Skateboard Market had a total worth of USD 2.30 Billion, and it is projected to experience a compound annual growth rate (CAGR) of 3.3% throughout the forecast period. The market’s revenue growth is primarily attributed to several key factors, including the growing popularity of skateboarding, increasing disposable income among consumers, and a rising preference for personal mobility.
A skateboard is comprised of a slender board equipped with small wheels at both ends, consisting of three essential components: a truck, deck, and four wheels. The deck serves as a flat board upon which the skateboarder stands during the activity, and it can be constructed using various materials such as maple wood, aluminum, composites, nylon, foam, fiberglass, among others. The truck, on the other hand, is a T-shaped metal piece that secures the skateboard wheels to the deck. Skateboarding offers numerous benefits, including stress relief, improved body flexibility, and body shaping. The anticipated surge in the popularity of skateboarding is expected to result in heightened product demand between the years 2021 and 2028, primarily due to the associated health benefits.
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Top Profiled Companies in the Global Street Skateboard Market Report:
Element Skateboards, Krown Skateboards, Blind Skateboards, Skate One, Alien Workshop, Zero Skateboards, Control Skateboards Inc., Razor USA LLC, Boosted Inc., and Almost Skateboards.
Key Trends of Street Skateboard Market
·         Growing Popularity: Skateboarding has experienced a surge in popularity over the years, with a significant increase in participation worldwide. The sport has gained mainstream recognition and has become more accepted as a legitimate athletic activity.
·         Increased Diversity: Skateboarding is becoming more inclusive and diverse, with greater representation of women and minority groups. Efforts to promote diversity and equality within the sport have led to more opportunities and increased participation from underrepresented demographics.
·         Street Skateboarding: Street skateboarding continues to dominate the market. This style of skateboarding involves performing tricks and maneuvers in urban environments, using features such as stairs, handrails, and ledges. Many skateboard companies focus on producing equipment suitable for street skateboarding.
Key Regional Markets Covered in the Report:
·         North America (U.S.A., Canada, Mexico)
·         Europe (Italy, U.K., Germany, France, Rest of Europe)
·         Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
·         Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
·         Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Further market segmentation
Product Outlook:
Street Boards
Park Boards
Cruiser Boards
Long Boards
Distribution Channel Outlook:
End-Use Outlook:
Key Takeaways of the Global Street Skateboard Market Report:
·         A comprehensive overview of the global Skateboard industry.
·         Accurate market projections in terms of market size, share, and volume.
·         Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
·         Deep-dive analysis of the upcoming market trends.
·         Qualitative and quantitative analyses of the global Street Skateboard Market.
·         Elaborate study of the leading regional markets in the global Street Skateboard Market.
·         Complete overview of the market’s competitive landscape.
·         Brief look at the company profiles and portfolios.
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