Global Skateboarding Equipment and Gear Market

The Global Skateboarding Equipment and Gear Market hold the potential to reach USD XX Mn. by 2027 during a forecast period.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

Global Skateboarding Equipment and Gear Market, skateboarding is a highly popular sport and recreational activity among the young generation. It is a healthy sport, which provides a low-impact aerobic workout. Skateboarding is a rewarding sport if an individual plays it with proper skateboarding equipment and gear. The growing popularity of skateboarding in emerging countries is expected to create lucrative opportunities for the market.

The report covers the detailed analysis of the Global Skateboarding Equipment and Gear industry with the classifications of the market on the product, board, end-user, distribution the channel, and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player’s contribution in it.

The report has profiled eighteen key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in APAC region. The major countries’ policies about manufacturing and its impact on market demand are covered in the report.

Global Skateboarding Equipment and Gear Market Dynamics

An increasing number of skateboarding parks in urban areas is driving the market

The increasing number of skateboarding parks in urban areas of emerging countries is driving the market demand. An increasing number of skateboarding clubs and communities in these regions is expected to propel the market growth over the forecast period. Growing safety concern among the populace is driving the demand for safety and protective equipment including helmet, wrist guards, knee & elbow pads, shoes, and others.

This is further expected to accelerate the market growth during the forecast period. According to the American Academy of Pediatrics (AAP), every year almost 50,000 children and adults visit the emergency department of the United States due to injuries caused during skateboarding. With the expected debut of skateboarding in Olympic 2020, Tokyo is anticipated to boost the market growth during the forecast period. A high number of skateboard players in developed countries like the US and Germany is the supporting factor for the market.

Increasing demand for eco-friendly skateboarding equipment is one of the emerging trends among the populace, which is expected to create a positive influence on the market over the forecast period. Materials like organic cotton, recyclable plastic, and water-based adhesives, and other recyclable materials are used for the manufacturing of eco-friendly skateboarding equipment. Increasing fitness concern among the populace is also expected to accelerate the market growth over the forecast period.

Lower preference of adults regarding Skateboarding for younger children is expected to hinder the market growth.

Skateboarding is not recommended for younger children due to high chances of injury. Sixty percent of injuries involve younger children under age 15. Skateboarding skills are difficult to achieve, and it takes time and practice to achieve them. All these factors are expected to hinder the market growth over the forecast period. In addition to this, Restrictions on skateboarding during the snow and rainy season are the restraining factors for the market during the forecast period.

The growing popularity of electric skateboards is expected to create new opportunities.

The growing popularity of electric skateboards in developed countries is expected to create lucrative opportunities during the forecast period. The introduction of skateboarding in different international tournaments like the Olympics is expected to increase popularity and generate new prospects for the market over the forecast period.

Scope of the Global Skateboarding Equipment and Gear Market: Inquire before buying

The market is divided into five main segments and further into sub-segments to forecast the market size by value.

Global Skateboarding Equipment and Gear Market, by Product

• Skateboard
• Skateboarding Footwear
• Skateboarding Protective Gear

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The Skateboard segment is expected to command the largest market share of XX% by 2027.

The skateboard segment is expected to command the largest market share, thanks to the increasing number of new skateboarding players in developed and developing countries. The availability of skateboards with a variety of designs for performance enhancement and comfort is the reason behind the growth of the segment.

The growing popularity and availability of electric skateboards are expected to propel the growth of the skateboard segment over the forecast period. Skateboarding footwear and protective gear segments are also expected to experience significant growth during the forecast period, thanks to the growing safety concern among the populace.

Global Skateboarding Equipment and Gear Market, by Board

• Longboard
• Shortboard

The longboard segment is expected to command the largest market share of XX% by 2027.

A variety of skateboards is available in the market as per customer preference and requirements. Some of the popular skateboards include and shortboard and longboard. Shortboards are preferred for performing tricks and stunts, whereas longboards are highly preferred for racing and cruising activities. The longboard segment is expected to experience the highest growth during the forecast period, thanks to the ease of use and easy-to-balance structure of the longboards.

Growing innovation in longboards is one of the factors behind segment growth. Increasing racing and cruising sports events are expected to accelerate the segment growth over the forecast period. The growing inclination of the younger generation towards performing stunts and tricks is expected to fuel the growth of the shortboard segment during the forecast period.

Global Skateboarding Equipment and Gear Market, by End-User

• Amateur
• Professional

The amateur segment is expected to command the largest market share of XX% by 2027

The amateur segment is expected to command the largest market share, thanks to the growing popularity of skateboarding among the younger generation. Attractive stunts and tricks performed in skateboarding are one of the factors behind segment growth. An increasing number of events and tournaments like Dew Tour, X Games, Copenhagen Pro, and Boardr Am is expected to propel the professional segment growth. The introduction of skateboarding in international tournaments like the Olympics is the supporting factor for the segment.

Global Skateboarding Equipment and Gear Market, by Distribution Channel

• Supermarkets
• Specialty stores
• Departmental stores
• Online retailers
• Others

Global Skateboarding Equipment and Gear Market, by Region

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America

North America is expected to command the largest market share of XX% by 2027

North America has commanded the largest market share of XX% in 2019 and is expected to continue its dominance during the forecast period. Well-established infrastructure for skateboarding in developed countries like the US is expected to boost the market demand over the forecast period.

An increasing number of young skateboarding players in the region is the supporting factor for the market. High awareness and availability of a wide range of skateboards in the region are expected to positively influence the market over the forecast period. The US is the largest manufacturer of skateboards. An increasing number of events held in developed countries of North America is also expected to accelerate the market growth over the forecast period.

Growing health concern in the region due to obesity and other health issues is expected to propel the market growth. Europe is expected to hold the second-largest market share of XX% by 2027. The presence of prominent players in the region is the supporting factor for the market growth in the region. An increasing number of regional skateboarding championships in Europe is expected to fuel the market growth over the forecast period.

Asia Pacific is expected to register the highest growth of XX% CAGR during the forecast period, thanks to the increasing awareness of skateboarding in the region. Growing urbanization and developing infrastructure are some of the factors responsible for market growth. The growing inclination of the younger generation towards skateboarding is expected to accelerate the market growth over the forecast period.

Covid-19 Impact on the Global Skateboarding Equipment and Gear Market:

• The coronavirus pandemic has placed tremendous pressure on businesses and sectors across the globe. Governments from all the countries have introduced a lock-up to detect the transmission of infectious diseases. The contribution of these regulations has created a negative impact on Skateboarding Equipment and Gear industry.

• The coronavirus adversely impacted the Skateboarding Equipment and Gear market. Restriction on public transportation and the disruption caused by the lockdown would harm the market. Most of the sectors are not functioning properly due to the influence of Covid-19 which has caused an adverse impact on the Global Skateboarding Equipment and Gear Market.

The objective of the report is to present a comprehensive analysis of the Global Skateboarding Equipment and Gear Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Skateboarding Equipment and Gear Market dynamics, structure by analyzing the market segments and project the Global Skateboarding Equipment and Gear Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Skateboarding Equipment and Gear Market make the report investor’s guide.

Global Skateboarding Equipment and Gear Market Key Players

A wide range of key players are operating in the industry; hence the market is highly fragmented. Manufacturers are focusing on enhancing product quality and design. New product launches and the adoption of different promotion strategies are some of the tactics used by players to gain a larger market share globally. For an instance, in 2019 rave skateboards launched their summer collection with funky graphics-based skateboards.

Some of the Prominent Players Operating in the market

• Alien Workshop
• Almost Skateboards
• Element Skateboards
• Plan B Skateboard
• Zero Skateboards
• Deluxe Distribution
• Baker Skateboards
• Birdhouse Skateboards
• Blind Skateboards
• Chocolate Skateboards
• Dirty Ghetto Kids
• Enjoi
• Flip Skateboards
• Iconix Brand Group
• Anti-Hero
• Welcome Skateboards
• Zoo York.
• rave skateboards

Global Skateboarding Equipment and Gear Market, by Product

• Skateboard
• Skateboarding Footwear
• Skateboarding Protective Gear

Global Skateboarding Equipment and Gear Market, by Board

• Longboard
• Shortboard

Global Skateboarding Equipment and Gear Market, by End-User

• Amateur
• Professional

Global Skateboarding Equipment and Gear Market, by Distribution Channel

• Supermarkets
• Specialty stores
• Departmental stores
• Online retailers
• Others

Global Skateboarding Equipment and Gear Market, by Region

• Asia-Pacific
• North America
• Europe
• South America
• Middle East & Africa

Key Players Operating in the Global Skateboarding Equipment and Gear Market

• Alien Workshop
• Almost Skateboards
• Element Skateboards
• Plan B Skateboard
• Zero Skateboards
• Deluxe Distribution
• Baker Skateboards
• Birdhouse Skateboards
• Blind Skateboards
• Chocolate Skateboards
• Dirty Ghetto Kids
• Enjoi
• Flip Skateboards
• Iconix Brand Group
• Anti-Hero
• Welcome Skateboards
• Zoo York.
• rave skateboards

 

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Global Skateboarding Equipment and Gear Market

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