New York, According to a new market research report published by Global Insight Services “Skateboard Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A skateboard is a type of recreational vehicle (RV) that is specifically designed for skateboarding. It consists of a deck, usually with four wheels, two of which are attached to a metal truck that is mounted on the board. The other two wheels are attached to the board itself. Skateboards are ridden by standing on the deck and using the rider’s feet to push the board and make it move.
Today, skateboarding is more popular than ever, with people of all ages and abilities enjoying the sport. Skateboarding has also become more mainstream, with the sport now being featured in the Olympics and X Games.
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Key Trends
Over the past few years, there have been some key trends in skateboard technology that have had a major impact on the sport.
One of the most significant changes has been the introduction of electric skateboards. These boards have revolutionized the way that many people enjoy skateboarding, as they offer a much smoother and more enjoyable ride.
Another key trend has been the development of new and improved skateboard trucks. These trucks have been designed to provide a much smoother ride, and they are also much more durable than older models. This has led to a significant increase in the popularity of skateboarding, as more people are now able to enjoy the sport without having to worry about their trucks breaking down.
Key Drivers
Some of the key drivers of the skateboard market are the popularity of skateboarding as a sport, the rise of social media, and the popularity of extreme sports.
The popularity of skateboarding as a sport has led to the growth of the skateboard market. More people are skateboarding than ever before, and this is translating into more sales of skateboards and skateboard equipment.
The rise of social media has also been a driver of the skateboard market. Social media has made it easier for people to connect with each other and share their love of skateboarding. This has led to more people buying skateboards, and it has also helped to spread the word about skateboarding to a wider audience.
Market Segments
By Product
- Street Board
- Cruiser Board
- Long Board
- Others
By End-User
- Kids
- Teenagers
- Adults
Key Players
- Penny
- Z-Flex
- Santa Cruz
- Bustin
- Dusters
- Globe
- Landyachtz
- Lush
- Powell-Peralta
- Arbor
- Baker
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Reasons to buy Skateboard Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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