Electric Skateboard Motors Market Scope
Electric Skateboard Motors are essential power house or devices which make the electric skateboards move. They are available in three different types which are Belt driven Motors, Hub Motors and Direct Drives Motors. With Hub Motors most popular because of ease of convenience and low noise associated with Hub motors. Whereas Direct Motors are slowly and steadily growing in popularity among Skateboard Consumers. Skateboard Motors are available both through OEM, who provide the whole manufactured skateboard. Whereas there also exists a large DIY Community which prefers aftermarket motors. Geographically, North America is expected to remain the biggest market, but parts of Asia Pacific primarily China is steadily growing as Skateboard market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Mellow Boards USA (United States), NSK EUROPE LTD (United Kingdom), Toshiba Corporation (Japan), Bound Motor (China), Hangzhou MCMC technology co., Ltd. (China), Schneider Electric SE (France), ABB Ltd. (Switzerland), Taizhou Quanshun Motor Co., Ltd. (China), Focus Technology Co., Ltd. (China) and Maytech Electronics Co., Ltd., (China) |
CAGR | 3.2% |
The Electric Skateboard Market is mostly Popular is parts of North America, Europe and fairly less popular in Asia Pacific. Market of Electric Skate Board Motors is a consolidated one with moderate amount of Players. Chinese Manufacturers are gaining prominence in the recent years because of low manufacturing costs compared to western counterparts. North America is expected to remain the major market of Electric Skateboard Motors. Research Analyst at AMA estimates that Chinese Manufacturers will contribute to the maximum growth of Global Electric Skateboard Motors market throughout the predicted period.
Mellow Boards USA (United States), NSK EUROPE LTD (United Kingdom), Toshiba Corporation (Japan), Bound Motor (China), Hangzhou MCMC technology co., Ltd. (China), Schneider Electric SE (France), ABB Ltd. (Switzerland), Taizhou Quanshun Motor Co., Ltd. (China), Focus Technology Co., Ltd. (China) and Maytech Electronics Co., Ltd., (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are MBoards (United States), Weizhiyan Electronic Technology (Shanghai) Ltd. (China) and Good Power Technology Co. Ltd. (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Electric Skateboard Motors market by Type and Region with country level break-up.
On the basis of geography, the market of Electric Skateboard Motors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In September 2023, Lacroix Boards, a high-performance e-skateboard brand, announced a strategic partnership with MAYER Antriebstechnik, a German electric motor manufacturer. This collaboration aims to develop next-generation motors for high-speed and high-torque e-skateboards.
In November 2023, Meepo Board, a popular e-skateboard brand, launched the Hurricane Pro 2S, featuring dual 1200W hub motors capable of reaching speeds up to 31 mph. This launch caters to thrill-seeking riders looking for maximum power and speed.
Influencing Trend:
Increasing Popularity of DIY Skateboard Culture
Market Growth Drivers:
Steady Popularity of Skateboard Sport, Large Number of Youth Population or University Students and Rise in Investments by Local Bodies in Construction of Skate Parks
Challenges:
Lack of Proper Knowledge among Consumers about Skateboard Motors
Restraints:
Competition from Cycle, Electric Hoverboard and Segway Scooters
Opportunities:
Strategic Marketing Tactics like Hiring Celebrity Ambassadors for the Growth of Skateboard Sport to Other Markets
Key Target Audience
Electric Skateboard Motors Manufacturers, Suppliers and Distributors, Component Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries