Skate Board Market Scope
A skateboard is a type of skating equipment. They are typically made from a well-designed 7-ply maple plyboard deck with a ployurethan coating for smoothness and sturdiness or controls connected to the bottom by a set of skating trucks. While some people use skateboards to travel short distances, the majority use them to perform stunts. Skating is a sport, an art form, a way of life, and a culture. Skating is associate action sport that entails riding and performing arts tricks on a skateboard, as well as a recreational activity, a type, a show business occupation, and a mode of transportation.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | alien workshop (United States), Santa Cruz (United States), Almost (United States), Antihero (United States), Evolve Skateboards (Australia), Baker (United States), Element (United Kingdom), Plan B Skateboards (United States), Girl Skateboards (United States), Enjoi Skateboards (United States) and Blind Skateboards (United States) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Skate Board market throughout the predicted period.
alien workshop (United States), Santa Cruz (United States), Almost (United States), Antihero (United States), Evolve Skateboards (Australia), Baker (United States), Element (United Kingdom), Plan B Skateboards (United States), Girl Skateboards (United States), Enjoi Skateboards (United States) and Blind Skateboards (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Flip Skateboards (United States), Zero Skateboards (United States), Toy Machine (United States) and Birdhouse (United States).
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 Skate Board market by Type , by Application (Kids, Teenagers and Adults) and Region with country level break-up.
On the basis of geography, the market of Skate Board 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 2022.
Market Leaders and their expansionary development strategies
In April 2022, Peninsula Capital acquired HLC, leading skateboard manufacturer and distributor. Peninsula Capital aims to continue supporting HLC's leading position in Europe and to strengthen its presence in the U S and Asia This transaction is very meaningful for Peninsula as it represents its first majority acquisition in Spain.
In November 2020, Electric Skateboard seller and manufacturer Ridefaboard have launched a brand-new model of electric skateboard - the brand-new Black Carve. This would be the third version of that model, with significant improvement over past specifications. and On 30 June 2021 Evolve Skateboards, the global leader in electric skateboards, has announced the official launch of the Hadean Series. Hadean will offer four times more performance than its predecessor the GTR series that launched in 2019 and 37% more battery capacity with a top speed of 31mph, making it the most advanced electric skateboard ever produced.
Market Growth Drivers:
Growing Popularity Of Electric Skate Board Among People
Challenges:
Presence of Local Players
Restraints:
Concern Of Durability And High Requirement Of Maintenance and Presence Of Counterfeit Products
Opportunities:
Increasing Demand Across Emerging Regions and Increasing Sales Across Online Channels
Key Target Audience
Skate Board manufacturer, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others