Skateboarding Market Size is Expected to Reach USD 3 Billion in 2028 and Register a CAGR of 3.3%, According to Latest Reports and Data
NEW YORK CITY, NEW YORK, USA, May 24, 2022 /EINPresswire.com/ — The Global skateboard market has observed relentless growth over the past few years and has even further growth prospects till 2028. The study provides comprehensive view and information, highlighting key findings of the industry. This information helps interested people or individuals to develop better business strategies and make informed decisions for higher profitability. Additionally, forecasts help private or venture players assess companies and take the best available route to optimize their options.
The global skateboard market size is expected to reach USD 3 billion in 2028 and register a CAGR of 3.3% over the forecast period, according to the latest report from Reports and Data. Factors such as the growing preference for skateboarding, increasing disposable income, increased awareness of health and fitness along with the benefits of outdoor sporting activities and growing preference for personal mobility are expected to drive the market revenue growth over the forecast period.
The report has been formulated through extensive primary and secondary research and offers key historical and current data insights regarding market size, market share, revenue growth rate, factors contributing to revenue growth , market growth limiting factors, threats and opportunities, and general overview of the market. The report further examines in depth the strategic initiatives taken by the major market players to expand their consumer base and gain market size.
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Some of the major players operating in the global market include Element Skateboards, Krown Skateboards, Blind Skateboards, Skate One, Alien Workshop, Zero Skateboards, Control Skateboards Inc., Razor USA LLC., Boosted Inc., and Almost Skateboards.
The study also analyzes crucial aspects of the market including R&D, product launches and brand promotions, mergers and acquisitions, collaborations, joint ventures, and growth model at regional and global levels. The report offers an in-depth evaluation of factors such as cost, capacity, production and consumption rates, gross revenue, profit margin, demand/supply ratio, import/export, market share, market size and market trends.
This global research report is a comprehensive industry analysis offering historical and forecast assessment of the global market. Apart from SWOT analysis and Porter’s five forces analysis, the report also covers feasibility analysis and ROI analysis. The main statistical data has been organized into graphs, charts, bar graphs, figures and other graphical representations. The report also offers strategic recommendations for key players and new entrants to overcome the challenges and gain a solid footing in the market.
Increasing competition in the global market has led to increasing innovation and technological advancements in the sector to meet the growing demand from environmentally conscious consumers. The report analyzes the manufacture and consumption of the products to give an accurate forecast estimate of the global skateboard market. It also offers a panoramic overview of the market to help stakeholders, suppliers, investors, and customers make informed decisions.
Some key highlights of the report:
• In June 2021, Evolve Skateboards announced the launch of the Hadean skateboard series. According to the company, these skateboards are equipped with dual 3000w motors and 21700 lithium-ion battery cells that generate zero carbon emissions and offer a ride of up to 43 miles on a single charge.
• The street board segment accounted for the largest revenue share in the global market in 2020. This can be attributed to the growing demand for street boards and the presence of a large number of teenage skateboarders.
• The North America skateboard market is expected to account for the largest revenue share during the forecast period. Strong presence of well-established companies, growing adoption of electric skateboards, and increasing number of skateboarding competitions held in countries like the United States are major factors driving the market revenue growth in this region.
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For this report, Reports and Data has segmented the global skateboard market based on product, distribution channel, end-use, and region:
Product Outlook (Revenue, USD Billion; 2018-2028)
• Street sign
• Park signs
• Cruiser boards
• Long plank
Distribution Channel Outlook (Revenue, USD Billion; 2018-2028)
• In line
End-Use Outlook (Revenue, USD Billion; 2018-2028)
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Regional Outlook (Revenue, USD Billion; 2018-2028)
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Reasons to buy this report:
• This report provides pin-point analysis for changing competitive dynamics
• It offers a forward-looking perspective on different factors driving or restraining market growth
• It provides a six-year forecast assessed based on expected market growth
• It helps in understanding key product segments and their future
• It provides pin-point analysis of changing competition dynamics and helps you stay ahead of your competition
• It helps in making informed business decisions by having a comprehensive view of the market and performing in-depth analysis of market segments
• PEST analysis of the market in the five major regions.
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