North America Skateboard Market Research Report, 2028

Skateboard is primarily a narrow board with small wheels attached at both ends. Skateboarding helps people maintain their shape by relieving stress and increasing body flexibility. Skateboards are made up of three parts: a truck, a deck, and wheels. The deck of a skateboard is a flat board on which the rider stands while skating, whereas the truck is a T-shaped metal piece that attaches the skateboard wheels to the deck. Skateboard decks are made from a variety of materials, including maple wood, aluminum, composites, nylon, foam, and fiberglass. Skating is more than a hobby or a passion in North America; it's a way of life. It provides the population with an identity, a creative outlet, and a means of expression. Skateboarding is one of the most popular solo sports. Millions of people love it, and it is considered a very young and cool sport. According to the research report, "North America Skateboard Market Research Report, 2028," published by Actual Market Research, the market is anticipated to grow to USD 244.06 Million in size from 2022 to 2028. North America emerged as the largest regional market, accounting for a higher market share of global revenue in 2022. Increased awareness regarding skateboarding and wide product availability across the region are among the key driving factors. According to the obtained data, 6.4 Million people participated in skateboarding in the U.S. in 2016. Moreover, the U.S. has the largest production of skateboards across the globe. Skateboarding is ranked third in the most popular sports category after football and basketball. The younger generation's interest in sports is growing as the number of competitions held annually in the region increases. In 2019, the 26th Annual Tampa Am in Florida, Jackalope Festival, Central Mass Skate Festival, and X Games Minneapolis took place across the region. Various competitions that are expected to take place in 2023 are the Canadian Tire National Skating Championship, the Toyota U.S. Figure Skating Championship, the World University Games, and the ISU World Junior Figure Skating Championships 2023. The robust presence of well-established companies, the rising adoption of electric skateboards, and the increasing number of skateboard competitions conducted in major countries such as the United States and Canada are major factors driving market revenue growth in this region. The growth can be attributed to the increasing number of extreme sports enthusiasts and rising disposable income in the region. The electric skateboard segment is expected to lead the market in North America, followed by street boards, owing to its growing popularity among youngsters. Among the countries, the US is the largest market for skateboards in North America. The growing popularity of professional skateboarders, such as Tony Hawk, is also aiding the growth of the market. North America emerged as the prime regional market for global revenue. The key dynamic factors in skateboarding are increased responsiveness and widespread invention availability. Furthermore, the United States is the world's largest producer of skateboards. The robust presence of well-established companies, the increasing adoption of electric skateboards, and an increasing number of skateboard rivalries conducted in countries such as the United States are major factors motivating market revenue growth in this region. North America is the largest supplier as well as the largest consumer of skateboards. North America is expected to dominate the growth of the skateboard market, due to an inclination towards fitness and increased outdoor sports activities. According to the research, around 144 Million (48%) Americans participated in an outdoor activity at least once during the historic time period. While 10.6 Million Americans returned to or started participating in one or more of the outdoor activities measured, 8.6 Million stopped. Moreover, according to the WHO, more than 340 Million populations aged 5–19 years were overweight or obese in 2016. Over the past three decades, childhood obesity rates have tripled in the U.S., and today, the country has some of the highest obesity rates in the world, as one out of six children is obese, and one out of three children is overweight or obese. As a result, parents and institutions are encouraging kids to indulge themselves in outdoor sporting activities. According to our analyst, approximately 3.1 Million youth in the United States are classified as core skaters. Furthermore, the region is one of the world's leading manufacturers of skateboards. As a result, the popularity of sports in North America is expected to witness high growth. In addition to that, skateboarding is gaining prominence across Canada. In a nation with a population of a mere 38 Million people, there are approximately 900,000 skateboarders throughout its ten provinces and three territories. There are currently more than 16 Million skateboarders in the U.S., with nearly a third, or over five Million, in California. Support is constantly increasing for public skate parks as more and more communities develop free public skate parks. The first official skateboard brand was Santa Cruz. Based in California, it is still one of the most popular and best skateboard brands. There is an estimate of over 3300 skate parks in the USA, over 500 in Canada, and more than 30 skate parks in Mexico. The leaders of the industry are Element Skateboards, Plan B, Boiling Point, SK8 Factory, Skate One, Krown Skateboards, Absolute Board, and Alien Workshop. Further, the top ten skateboard brands are Almost, Antihero, Element, Plan B, Santa Cruz, Girl, Zero, Flip, Creature, and Blind. The United States of America, Germany, the United Kingdom, France, Australia, Spain, and Brazil are all members of the +1000 club. Covid-19 Impacts: The coronavirus pandemic has placed tremendous pressure on businesses and sectors across North America. Various regulations had been put in place by governments to limit seizure. The contribution of these regulations has had a negative impact on the skateboarding industry. The market was harmed by the restrictions on public transportation and the disruption caused by the lockdown. Most of the sectors are not functioning properly due to the influence of COVID-19, which has caused an adverse impact on the overall market. However, an increasing focus on healthy lifestyles owing to the same pandemic is projected to boost the demand for skateboards during the upcoming timeframe. Major Companies present in the market: Bureo, Element Skateboards, Skate One, Absolute Board Co, Razor USA LLC., Alien Workshop, Zero Skateboards, Boosted Inc., Sk8factory, Almost Skateboards, Absolute Board, Carver Skateboards, Blind Skateboards, Trouble skateboards, Krown Skateboards, Exway, Control Skateboards Inc, Plan B, Evolve Skateboards Considered in this report • Geography: North America • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • North America skateboard market with its value and forecast along with its segments • Country-wise skateboard market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Countries covered in the report: • United States • Canada • Mexico 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.