Saudi Arabia Skateboard Market Research Report, 2028

Saudi Arabia Skateboard Market Research Report, 2028

Actual Market Research 31-12-2022 64 Pages Figures : 5 Tables : 13 Region : MEA Country : Saudi Arabia Category : Food & Beverages Food

Skateboarding is one of those pastimes that feed the mind as well as the soul. This practice promotes coordination, pain tolerance, stress reduction, precision, reflexes, and patience. 'Vans' is a well-known skateboarding brand, and they routinely create campaigns to encourage people to participate in the sport and spread knowledge about it, notably in the Middle East. Saudi Arabia is one of the countries where skateboarding is growing in popularity and becoming a culture. Abdullah Fageeh and Ali bin Mahfouz are two Saudi skateboarders who have caused quite a sensation in their homeland. Skating sparked their romance, and their life's ambition is to spread the word about it as a sport and way of life throughout the kingdom. Some people in Saudi Arabia use skateboards to travel short distances, whereas the bulk uses them to perform stunts. Skateboarding is at once a sport, an art form, a way of life, and a culture. The market would profit from the rising demand for sporting activities among the region's younger population. Skating is getting more popular as a sport in many countries, which is increasing product demand. Aside from being a source of entertainment, it also provides flexibility and a good physical shape to the body. Furthermore, an increasing interest in fitness has resulted in a growth in outdoor sporting activities, which will be a key factor driving the market throughout the projection period. According to the research report, "Saudi Arabia Skateboard Market Research Report, 2028," published by Actual Market Research, the market is anticipated to add USD 5.31 Million by the end of 2028. The growing popularity of skateboarding as a recreational activity, as well as the emergence of extreme sports, is expected to boost the Saudi Arabian skateboard industry. Furthermore, the rising use of skateboards in schools and colleges as part of the physical education curriculum is likely to fuel skateboard demand throughout the forecast period. Rapid technological advancements and a rise in disposable income have increased the demand for skateboards. The increasing number of skate parks and competitions is also driving the skateboard market ahead. The skateboarding fad in Saudi Arabia originated as a result of boredom from the COVID-19 lockdown, but it quickly spread over many regions of the city as one of the fastest-growing. There are numerous skating spots in Riyadh, particularly in parks and other public locations, which attract an increasing number of skaters. Riyadh Skate Park, Skatepark, Public Skate Park, DAG Skate Park, and Aramco Skatepark are some of the most well-known skating spots in Saudi Arabia. The offline sector led the market in terms of distribution channels due to the massive presence of retail establishments across the country. LocoSonix, Hewaia Store, Sport Ghornatah, Siteen Street are some Saudi skateboard retailers. Due to growing internet penetration, convenience, time savings, and other factors, the online category is expected to grow significantly during the projected period. Skateboarding is currently empowering young females as they learn to perfect their talents and forget about the political scene. They learn new roller-skating and skateboarding methods, which helps them, prevent injuries and boosts their confidence. Due to social rules and traditions, many ladies were initially discouraged from engaging in this sport. However, increased regional awareness is generating demand. As per World Bank, the population of Saudi Arabia was 35,340,680 in 2021, of which 20,437,084 were male and 14,903,596 were female. Of the total population, 8,671,039 are under the age of 14. The population with an age range of 20–40 is 12,188,458. The urban population is 29,799,824 and the rural population is 5,462,868. Saudi Arabia's GDP in 2021 was USD 833.54 billion, the inflation rate was 3.1%, and the per capita income was US $ 23,585.9. The increasing Youth Population and the rising popularity of skateboarding among teenagers are major factors in the growth of the Skateboard Market in Saudi Arabia. Considered in this report • Geography: Saudi Arabia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Saudi Arabia skateboard market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product: • Street Skateboard • Cruiser Skateboard • Long Skateboard • Electric Skateboard • Others Skateboard By End-User: • Kids • Teenagers • Adults By Distribution Channel: • Offline • Online The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the skateboard industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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