Westford, USA, Feb. 20, 2024 (GLOBE NEWSWIRE) -- The International Olympic Committee announced that skateboarding will be part of the 2021 Winter Olympics in 2021. Moreover, images are important to increase consumer acceptance of skateboards. As a result, companies use successful marketing strategies to popularize their brands on skateboards. Companies use catch phrases and popular keywords in the global skateboard market to generate effective sales.
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Browse in-depth TOC of "Skateboard Market”
● Pages - 157
● Tables – 62
● Figures – 75
Additionally, younger generations, including Generation Z, are increasingly playing new sports, which helps create new global skateboard market, but State of Skate shows that Generation Z lacks confidence in any brand or function. Thus, to maintain interest in the program, companies are aiming to develop highways.
Prominent Players of Global Skateboard Market
- Plan B Skateboards
- Girl Skateboards
- Almost Skateboards
- Zero Skateboards
- Chocolate Skateboards
- Enjoi Skateboards
- Santa Cruz Skateboards
- Real Skateboards
- Toy Machine Skateboards
- Creature Skateboards
- Powell Peralta Skateboards
- Antihero Skateboards
- Birdhouse Skateboards
- Blind Skateboards
- Welcome Skateboards
- DGK Skateboards
- Habitat Skateboards
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Teens Segment to Dominate Market Owing to Number of People in the Relevant Age Range
Teens became the largest group, accounting for 44.1% of all sales by 2021 in the global skateboard market. Teens are between the ages of 12 and 17. The disadvantage of local expansion is the number of people in the relevant age range. For example, in 2021, it will account for 34% of all children under 18 in the United States.
North America will be the largest global skateboard market, accounting for 31.7% of global revenue. The main reasons are the rising popularity of skateboarding and the diversity of the industry. The results show that 6.4 million Americans will participate in skateboarding by 2021. Additionally, the United States is the largest skateboarding producer in the world. A recent survey revealed that skateboarding ranks third among the most popular sports, after basketball and football. With the increasing number of events held there every year, the younger generation is more interested in sport. The 26th annual Tampa Am, Jackalop Festival, Central Mass Skate Festival and X Games Minneapolis are among the 2021 events.
Kids Segment to Witness Significant Growth Owing to Increasing Obesity
Kids are expected to grow at a CAGR of 3.7% from 2021 to 2028 due to an aging population in the global skateboard market. Children are defined as ages 0 to 9. According to the United Nations Department of Economic and Social Affairs (UN DESA), the total global population aged 0 to 9 will reach 1.3 million by 2021, and more 1.2 million in 2000). Furthermore, parents who encourage their children to participate in sports are more concerned about the health effects of obesity and lack of physical activity It also has the added benefit of not renting a car or coaching and provides it’s a cheap and convenient way to transport kids.
Asia-Pacific is predicted to grow at a CAGR of 4.1% during the forecast period owing to growing interest in outdoor sports. Between 2000 and 2021, the region experienced a 38% increase in childhood obesity among children under five in the global skateboard market. Furthermore, the World Health Organization reports that by 2021, more than 340 million people aged 5 to 19 will be overweight or obese. As a result, organizations and parents attract children to participate in outdoor sports.
A comprehensive analysis of the major players in the global skateboard market has been recently conducted in this report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavors to develop innovative solutions to cater to the growing demand.
Key Developments of Global Skateboard Market
- In June 2023, Hot Wheels Skate announced a partnership with X Games and Tony Hawk’s Vert Alert to show support for the Hot Wheels skate line.
- In September 2022, Rovio Entertainment announced a partnership with Capsule Skateboards that launched a new series of Angry Birds skateboards.
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Key Questions Answered in Global Skateboard Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- List the top companies in the market and explain how they have achieved their positions of influence.
- In what ways do regional trends and patterns differ within the global market, and how do these differences shape the market's future growth?
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