United Arab Emirates (UAE) Skateboard Market Research Report, 2028

United Arab Emirates (UAE) Skateboard Market Research Report, 2028

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

The skateboarding craze in the UAE originated as a result of COVID-19 lockdown boredom, and it quickly spread across the city as one of the fastest-growing. There are numerous skating spots in Abu Dhabi, particularly in parks and other public locations, which attract an increasing number of skaters. Sheikha Fatima Park, Al Faya Park, Al Reem Park, Hudayriyat Island Circuit X (entry requires a ticket), West Yas Park, Yas South Park, and Corniche Family Urban Park are among them. Some of the most popular skateboarding spots in Dubai are XDubai, Al Mamzar, Damac Hills, The Block, Tashkeel, Dubai Silicon Oasis, Business Bay, Dubai Hills, Nahida, and Adventure Zone Town Square Skatepark. As per World Bank, the population of UAE was 10.08 Million in 2021, of which 6.93 Million are male and 3.13 Million are female. Of the total population, 1.5 million are under the age of 14. The population with an age range of 25–54 is 6.55 Million. The urban population is 8.2 million and the rural population is 1.26 million. As per World Bank, The GDP of UAE is USD 358.87 Billion, the inflation rate was -2.1%, and the per capita income is $36,284.6 (2020). The increasing Youth Population and the rising popularity of skateboarding among teenagers are major factors in the growth of the Skateboard Market in the UAE. According to the research report, "UAE Skateboard Market Research Report, 2028," published by Actual Market Research, the market is anticipated to add USD 4.63 Million by the end of 2028. The expanding recreational popularity of skateboarding, as well as the emergence of extreme sports, is predicted to strengthen the UAE skateboard sector. Furthermore, the increasing use of skateboards in schools and colleges as part of physical education curricula is expected to drive skateboard demand throughout the projected period. Skateboard demand has surged as a result of rapid technological improvements and an increase in disposable money. A growing number of skate parks and contests are also propelling the skateboard sector forward. Because of the widespread presence of retail outlets across the country, the offline sector led the market in terms of distribution channels. Some of the specialty and retail stores in UAE for skateboards include Rage Skate Shop, Evolve Skateboards UAE, Dynamics Sports Al Ghurair Centre; GO Sport, Vans, Decathlon, and Surf House Dubai. The online category is likely to rise significantly during the projected period due to increased internet usage, convenience, time savings, and other considerations. The six start-ups in the cycle in the Middle East and Africa are Flip Technologies, a skateboard wearable company; GitHelp, a platform for "verified hackers"; Pavilion33, an online marketplace for fine art from the region; Sakkini, a property portal; and Kiddapp, a start-up spinoff of Achtoons, an Italian animation production company, which aims to create educational and entertainment apps for children and young people. Moving ahead, Flat6Labs Abu Dhabi intends to help 80 companies over the next four years, with each cycle—two per year—supporting ten start-ups. Arada, a UAE developer, recently opened the third and final phase of Aljada Skate Park, which is believed to be the largest facility of its sort in the Middle East. Aljada Skate Park, which spans 90,000 square feet, includes a beginner portion, an intermediate section, and a pro-level street and park segment, allowing the facility to host global standard contests. Furthermore, Rolling Thunder Supply Co. just announced a new cooperation with Make Life Skate Life to develop skate parks around the world to provide much-needed infrastructure for emerging skate communities. Rolling Thunder has promised to build a skate park in 2021, followed by another in 2022 to kick off the collaboration. The emphasis will be on assisting emerging and underserved skate communities in the UAE. In addition to sponsoring the Skatepark building, the collaboration with Make Life Skate Life will assist Rolling Thunder Supply Co. expands its existing partnership with The Heart Supply. Rolling Thunder Supply Co. collaborates with The Heart Supply's #GiveSkateboarding program on a global scale to "bring skateboards under youngsters' feet." This alliance is already supplying free whole skateboards to skate communities all around the world. Considered in this report • Geography: UAE • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • UAE 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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