Industry Background:
Electric longboards are skateboards that are usually a little longer in length and built with a motor, a battery and an electronic circuit mounted on a deck. The speed of an electric skateboard motor can be controlled by a hand-held remote, and weight sensor. The battery used in an electrical stand board motor can be either replaceable or chargeable. Generally, hub motors or wheel motors are used as electric skateboard motors. This helps drive the wheels of longboards and provides control over the speed & direction of electric skateboard motors.
Attributes | Details |
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Study Period | 2019-2029 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Milespower (United States), Matchory (Germany), Evolve Skateboards (Australia), BackfireBoards (United States), SHENZHEN WOXING TECHNOLOGY CO.,LTD. (China), HangZhou MCMC Technology (China), Shenzhen SiYili Intelligent Technology Co., Ltd (China), SHENZHEN YOUQING NEW ENERGY TECHNOLOGY CO., LTD (China), WelcomeWellshow Sports Products Manufacturing Co. Ltd (China) and ExwayUSA (United States) |
This growth is primarily driven by The Rising Demand of Extreme Sports Lovers Leads to the Growth in Electric Long Board and Rising Demand for Recreational Activities Leads to the Growth in Electric Long Board.
Globally, a noticeable market trend is evident The Demand for Technological Advancements Such As AI System and ABS Braking Systems in Electric Long Board Is Growing Major Vendors, such as Milespower (United States), Matchory (Germany), Evolve Skateboards (Australia), BackfireBoards (United States), SHENZHEN WOXING TECHNOLOGY CO.,LTD. (China), HangZhou MCMC Technology (China), Shenzhen SiYili Intelligent Technology Co., Ltd (China), SHENZHEN YOUQING NEW ENERGY TECHNOLOGY CO., LTD (China), WelcomeWellshow Sports Products Manufacturing Co. Ltd (China) and ExwayUSA (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The Market for the Electric longboard is fragmented with the Presence of Many Players. Leading Players Can Adopt Strategies Like a Merger, Acquisition, Expansion, New Product Launch, in Order to Gain Share Within the Market. Owing to Booming Industrialization & Urbanization, there are Growing Prospects for the New Players to Enter the Market.
Key Developments in the Market:
In April 2020, Lime, a scooter-sharing service, is acquired by Boosted Inc. Lime was given five of Boustred’s primary patents in addition to intellectual property.
In Sept. , 2022, Evolve Skateboards unveils a new electric skateboard series: the GTR and Stoke Series 2. Evolve's new electric longboards set a higher standard for personal transportation, with up to 50km of range and the ability to customise acceleration and braking curves. This is the 5th generation of electric skateboards produced by Evolve, the leading company in the personal micro-mobility industry.
Influencing Trend:
The Demand for Technological Advancements Such As AI System and ABS Braking Systems in Electric Long Board Is Growing
Market Growth Drivers:
The Rising Demand of Extreme Sports Lovers Leads to the Growth in Electric Long Board and Rising Demand for Recreational Activities Leads to the Growth in Electric Long Board
Challenges:
Electric Long Board Has Low Braking Efficiency When the Battery Is Got Low
Restraints:
Electric Long Board Are Generally Expensive Than Conventional Skateboards and Small Wheels of Electric Long Board Can Stumble Upon Cracks, Sand and Other Irregularities in the Road Surface
Opportunities:
The Use of Electric Long Board as Personal Transportation Is Growing
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Electric Longboard Market
- Analysis about New Entrants in Electric Longboard Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Electric Longboard Study Sheds Light on
The Electric Longboard Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Electric Longboard industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Electric Longboard industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.