The global skateboard market was valued at USD 3.2 billion in 2022 and is expected to expand at a CAGR of 9.3% from 2023 to 2030. The advent of e-commerce and improved internet access across the globe are driving the market. In addition, the rising popularity of extreme sports and recreational activities propelled by the growing trend of adventure tourism is expected to surge the market demand. Moreover, the increasing popularity of extreme sports, such as skateboarding and BMX biking, is creating a positive outlook for the market.

Furthermore, the growth of the skateboard market is driven by the increasing number of skateboarding clubs, the availability of skateboards in different colors and designs, and the introduction of new skateboard products, such as electric skateboards and longboards, among others. The electric skateboards segment is estimated to witness the fastest growth during the forecast period, owing to its increasing popularity, convenience, and eco-friendliness.

The development of new technologies to enhance the skateboarding experience is also driving the growth of the market. For instance, in December 2020, Boosted Boards introduced the new Boosted Stealth electric skateboard, which is equipped with an advanced motor and battery system that offers longer range and greater power. Furthermore, the growing popularity of skateboarding as a leisure activity, the increasing number of skateboarding events, and the growing trend of skateboarding fashion are also contributing to the growth of the market.

The rising preference for skateboarding among the youth, the growing trend of customization, and the introduction of new products such as electric skateboards, longboards, and cruiser boards are also driving the market. Moreover, the rising trend of professional skateboarding, the increasing number of skateboarders, the availability of skateboards in different colors and designs, and the increasing number of skateboard shops are expected to boost the market. Furthermore, the increasing number of corporate sponsorships for skateboarding events and the increasing number of skateboarders participating in such events are expected to propel the market growth.

The skateboard decks segment accounted for the largest share of the market in 2022. The surge in skateboard deck production has been driven by the growing popularity of skateboarding as a sport, increasing consumer spending on leisure activities, and the growing number of skateboard parks worldwide. According to an article published by Skateboarding Magazine, in February 2021, over 23 million people skateboarded in 2020, up from 20 million in 2019. Moreover, the increasing availability of advanced skateboard decks is further boosting the skateboard decks market revenue.

The helmets and protective gear segment is projected to expand at the fastest CAGR of 8.0% during the forecast period. Increasing awareness about safety among skateboarders, rising demand for advanced skateboard helmets, and the growing popularity of skateboarding as a sport are some of the factors driving the market. According to an article published by the World Skateboarding Federation, in March 2021, the number of skateboarders wearing helmets increased from 25% in 2010 to 75% by 2020. In addition, the increasing number of skateboarding competitions and the growing popularity of skateboarding as a leisure activity are further propelling the demand for skateboard helmets.

The specialty stores segment is expected to witness significant growth over the forecast period. The segment accounted for over 37.3% of the market share in 2022. The growth of the segment is mainly attributed to the increasing popularity of extreme sports and the rising demand for skateboarding in young adults. Specialty stores offer customers a wide range of skateboard products from different brands, providing them with the opportunity to compare the features and quality of the products. In addition, specialty stores also provide customers with expert advice and guidance, which further helps them in making the right purchase decision.

The online segment is anticipated to expand at the highest CAGR of 11.3% over the forecast period. The growth of the segment can be attributed to the increasing use of the internet and the rising penetration of smartphones. The availability of a wide range of skateboard products on e-commerce websites and mobile apps has further driven the growth of the segment. Additionally, companies are also offering discounts and promotional offers on skateboard products, which is boosting the sales of these products online.

The complete skateboard segment accounted for the largest revenue share of 67.1% in the year 2022. The growing popularity of skateboarding as a recreational activity has created a positive outlook for the complete skateboard segment. Increasing disposable income and the rise in the number of skateboarding competitions are also contributing to the increased demand for complete skateboards. For instance, the X Games, an annual extreme sports event, was held in Minneapolis, Minnesota from 21st-24th June 2018. This event featured several skateboarding events, such as Street Skateboarding, Women’s Street Skateboarding, and Big Air.

The skateboard deck segment is anticipated to expand at the highest CAGR of 8.2% over the forecast period. Skateboard decks are the core element of a skateboard and are used to attach the trucks and wheels. The increasing demand for customized skateboard decks is propelling the growth of this segment. Manufacturers are offering skateboard decks with vibrant colors and customized graphics to attract new customers. For instance, Alien Workshop, a U.S.-based skateboard brand, offers skateboard decks with various graphics and colors, such as black, blue, yellow, and green.

Europe is expected to account for the largest share of the global skateboard market in 2022. This is due to the presence of huge skateboarding communities in the region, especially in Germany, the Netherlands, and the U.K., which has led to the emergence of various skateboarding competitions and events, such as the European Skateboard Championship. Furthermore, the increasing popularity of skateboarding in the region has resulted in the development of skate parks and skate shops, which is further driving the market in Europe.

North America is expected to be the second-largest market for skateboard products in 2022. This is due to the presence of prominent players, such as Element Skateboards, The Skateboard Company, and Powell-Peralta, which are focusing on new product launches and collaborations to attract more customers. For instance, in October 2020, Element Skateboards released its collaboration with the Japanese artist Shinpei Naito. This is expected to drive the demand for skateboard products in the region.

In this part of the skateboard products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your skateboard products. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main sources of revenue for a skateboard products business come from the sale of skateboard decks, trucks, wheels, bearings, and other skateboard accessories. Other sources of income could include sponsorship, endorsements, and product placement.

Projecting Expenses
In this section, all the regular expenses related to keeping the skateboard products business running will be described. The list of operating expenses includes materials, equipment, labor, rent, utilities, and insurance. Other expenses such as advertising, promotions, and research and development may also be included.

Some of the key companies operating in the skateboard market are focusing on product launches and expansion of their distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In March 2022, Element Skateboards launched the Element Pro, a high-performance skateboard designed for professionals.

– In July 2022, SkateXS launched the Street Ninja, a street-style skateboard designed for kids.

– In August 2022, Tony Hawk launched the Birdhouse Skateboards line of skateboards for beginner and intermediate skateboarders.

Some of the prominent players in the skateboard market include:

– Element Skateboards
– SkateXS
– Birdhouse Skateboards
– Powell-Peralta
– Santa Cruz
– Zero Skateboards
– Globe International
– Loaded Boards
– Alien Workshop
– Real Skateboards

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global skateboard products market based on product, distribution channel, type, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Skateboards
– Skateboard Accessories
– Skateboard Wheels
– Skateboard Trucks
– Skateboard Shoes

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Specialty Stores
– Online
– Others

3. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Professional
– Amateur

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are the Factors Driving the Skateboard Products Market?
[A]: The rise in participation in extreme sports, the growth in the number of skate parks and the availability of skateboarding equipment, and the increasing awareness about the benefits of skateboarding are the major factors driving the growth of the skateboard products market. Furthermore, the growing trend of adventure sports and the increasing popularity of skateboarding among youngsters are also providing a boost to this market.

[Q]: Who are the Key Players in the Skateboard Products Market?
[A]: Some of the key players in the skateboard products market are Globe International Limited, Element Skateboards, Powell-Peralta, Globe International Limited, and Plan B Skateboards.

[Q]: What Regions Offer the Largest Opportunity for Sales of Skateboard Products?
[A]: North America is expected to hold the largest share of the global skateboard products market, owing to the presence of a large number of extreme sports participants in the region. Europe is also expected to be a major region for the skateboard products market, due to the increasing number of skate parks and the availability of skateboarding equipment.

[Q]: What are the Trends Shaping the Skateboard Products Market?
[A]: Some of the major trends shaping the skateboard products market include the increasing number of skate parks and skateboarding competitions, the increasing popularity of skateboarding among youngsters, the rise in extreme sports participation, and the availability of skateboarding equipment. Furthermore, technological advancements and the growing trend of adventure sports are also contributing to the growth of the market.