United States (USA) Skateboard Market Research Report, 2028

United States (USA) Skateboard Market Research Report, 2028

Actual Market Research 31-12-2022 64 Pages Figures : 5 Tables : 13 Region : North America Country : United States Category : Consumer Goods & Services Leisure

In 2022, the United States will be the largest country market, accounting for a larger market share of global revenue. The increasing popularity of skateboarding as well as its wide availability in the region is the key dynamic factor. 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 the country. 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 the USA; it's a way of life. Electric skateboards with connected features, such as infrared connections, Wi-Fi, and Bluetooth, are gaining popularity in the global market. Technological advancements are emerging in the development of innovative and AI-powered electric skateboards. It offers riders greater speed control as well as precise handling, allowing them to ride more efficiently in less time. As governments focus more on smartening up their cities, they are looking for viable transportation solutions that can decrease traffic congestion while also creating a cleaner environment for the entire community. According to the research report, "USA Skateboard Market Research Report, 2028," published by Actual Market Research, the market is anticipated to add USD 156.83 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 USA skateboard industry. Furthermore, the rising use of skateboards in schools and colleges as part of physical education curricula 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 the United States originated as a result of boredom during the COVID-19 lockdown, but it quickly spread over many parts of the country as one of the fastest-growing. Rising demand for electric skateboards and rapid technological advancements are some key factors expected to continue to drive market growth in the country. Rising demand for sporting activities among teenagers will boost product demand in the market. The product demand is fuelled by the increasing demand for skating as a sport in many countries. Apart from using it as a source of fun, it also provides flexibility and a good physical shape to the body. Furthermore, the inclination towards fitness has resulted in increased outdoor sports activities, which will act as a key factor driving the market over the forecast period. There are currently more than 16 Million skateboarders in the USA, 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. According to the obtained data, 6.4 million people participated in skateboarding in the USA in 2016. Skateboarding is ranked third in the most popular sports category after football and basketball. In 2019, the 26th Annual Tampa Am in Florida, the Jackalope Festival, the Central Mass Skate Festival, and X Games Minneapolis took place across the country. Various competitions that are expected to take place in 2023 are the Canadian Tire National Skating Championship, the Toyota USA Figure Skating Championship, the World University Games, and the ISU World Junior Figure Skating Championships 2023. The Summer Olympics 2020 have benefited both aspiring skaters and skateboard manufacturers. The growing construction of skate parks has also fueled the evolution of the market. There are approximately 3343 skate parks in the United States. Growing support for the construction of public skate parks has induced governments to take initiatives for such construction. 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 USA, 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. Plan B is one of the most popular skateboard brands not only in the US but globally as well. The company was instrumental in bringing about a revolution in the industry. The company was started by Mike Ternasky, who was a popular professional skateboarder. Element Skateboards is probably one of the most recognized brands of skateboards in the US. The company manufactures top-quality products, from decks to apparel and footwear. They are currently headquartered in California. The brand does not only cater to the US but also markets its products globally, with stores in Madrid and Paris. Another great skateboard brand based in California is Zero. The company was founded in 1996 by Jamie Thomas, who was a popular professional skateboarder. The brand's products were distributed by Back Box Company, which was again owned by Jamie. Girl Skateboards is a popular skateboard company that has an iconic logo that most of us are akin to seeing outside a female washroom. The icon aptly portrays the name of the brand. The brand is again based out of California and is distributed by Crailtap, which is a popular distributor for various other skateboard brands like Chocolate and Royal. 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 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 country. The electric skateboard segment is expected to lead the market in the USA, followed by street boards, owing to its growing popularity among youngsters. The growing popularity of professional skateboarders, such as Tony Hawk, is also aiding the growth of the market. Skateboarding’s key dynamic factors are increased responsiveness and widespread invention availability. Growing demand for eco-friendly products, collective interest in different sports activities, and the escalating popularity of the sport of skateboarding are the main driving issues that contribute to the increasing demand for the skateboard. The growing consciousness of the sport will also have a positive influence on the growth of the market over the next few years. The main restraint on the USA skateboard market is the risk of injuries linked with skateboarding. A skateboard is a type of sports apparatus used principally for the sport of skateboarding. Covid-19 Impact: The most recent COVID-19 epidemic began in Wuhan (China) in December 2019, and it has expanded rapidly since then. As of March 2020, China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the United States were among the worst-affected countries in terms of positive cases and reported deaths. Because of lockdowns, travel bans, and company closures caused by the COVID-19 outbreak, numerous countries' economies and industries have suffered. As a result of this outbreak, the skateboard industry is one of the key businesses experiencing severe disruptions such as supply chain breakdowns, technology event cancellations, and office closures. The total market is collapsing as a result of COVID-19, which is also impacting the market growth. However, with change in consumer behavior and rising awareness regarding sports across the region, the market is anticipated to witness higher market growth by the upcoming time period. Considered in this report • Geography: U.S • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • U.S 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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