Electric Skateboard Market Poised For Growth With 5.4% CAGR As Demand Surges For Adventure Sports And Customization Valuates Reports

(MENAFN- PR Newswire)

BANGALORE, India, Nov. 6, 2024 /PRNewswire/ -- Electric Skateboard market is Segmented by Type (Carbon Fiber Composite Deck, Maple Deck), by Application (Offline Chain Store, online Store): Global Opportunity Analysis and industry Forecast, 2024-2030.

The Global Electric Skateboard Market was valued at USD 1562.2 Million in 2023 and is anticipated to reach USD 2245.9 Million by 2030, witnessing a CAGR of 5.4% during the forecast period 2024-2030.

Get Free Sample:

Major Factors Driving the Growth of Electric Skateboard Market:

The Electric Skateboard Market is set for continued growth as eco-conscious and micro-mobility trends gain traction globally. Factors such as rising youth interest in adventure sports, increasing demand for customizable options, and the expansion of e-commerce channels are driving the market forward.

View Full Report:

TRENDS INFLUENCING THE GROWTH OF THE ELECTRIC SKATEBOARD MARKET:

Maple decks are popular in the electric skateboard market due to their durability, flexibility, and responsiveness, making them a preferred choice for riders. Maple wood provides a smooth ride and excellent stability, which appeals to both beginner and advanced users. This material also allows for better handling on various terrains, enhancing the user experience. As a result, the demand for electric skateboards with maple decks is rising, pushing manufacturers to incorporate this material in their designs, thereby driving market growth.

Carbon fiber composite decks are gaining traction in the electric skateboard market due to their lightweight nature and high strength. These decks are especially appealing to performance-oriented riders looking for speed and agility. Carbon fiber's durability and shock-absorbing qualities offer a smoother ride while reducing board weight, making electric skateboards more portable and easy to handle. As riders prioritize performance, the use of carbon fiber in skateboard decks is contributing to the expansion of the electric skateboard market.

Online stores are crucial for the growth of the electric skateboard market, offering consumers convenient access to a wide range of products. E-commerce platforms provide detailed product descriptions, customer reviews, and often, competitive pricing, making it easier for potential buyers to make informed decisions. The availability of international shipping and diverse brands online has widened the consumer base, especially in regions with limited brick-and-mortar skateboard retailers. The growing popularity of online shopping is thus boosting the accessibility and sales of electric skateboards.

As more consumers prioritize eco-friendly transportation options, electric skateboards have emerged as a sustainable choice for short commutes. These boards produce zero emissions and consume less energy compared to other motorized options, aligning with the goals of environmentally conscious consumers. The shift towards greener urban transportation is leading to increased adoption of electric skateboards, contributing to market growth as manufacturers develop more energy-efficient models to meet this demand.

The demand for micro-mobility solutions, such as electric skateboards, is on the rise, particularly in congested urban areas. Electric skateboards offer a convenient and flexible mode of transportation that allows users to bypass traffic and reach destinations quickly. This growing trend towards micro-mobility is boosting the electric skateboard market, as consumers seek alternatives to traditional transportation methods that are cost-effective and reduce travel time.

Youth interest in adventure and extreme sports is a significant factor driving the electric skateboard market. Electric skateboards offer a thrilling experience that combines the excitement of skateboarding with the convenience of motorized travel. Social media platforms also play a role in popularizing these sports, inspiring more young people to invest in electric skateboards. This trend is pushing manufacturers to develop innovative and stylish models that appeal to the youth demographic, contributing to market growth.

Buy Now:

ELECTRIC SKATEBOARD MARKET SHARE ANALYSIS:

The Electric Skateboard Market shows substantial growth in different regions. North America and Europe lead the market due to high consumer interest in eco-friendly mobility solutions and recreational activities. Asia-Pacific, particularly China and Japan, is also experiencing rapid growth, driven by urbanization and rising disposable incomes. Developing regions, such as Latin America and the Middle East, are witnessing a steady increase in demand as electric skateboards gain popularity among young, urban consumers. The diverse regional dynamics contribute to the global growth of the electric skateboard market.

Key Companies :

• Marbel Technology
• Evolve Skateboards
• Inboard
• Boosted Boards
• Yuneec International
• Mellow Board
• Zboard
• LEIF Tech
• Bolt Motion
• FiiK
• Melonboard
• Magneto
• Genesis
• Stary Board

Purchase Chapters:

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

-
Skateboard Chassis Battery Case Market

-
Personal Travel Systems Market was estimated to be worth USD 109 Million in 2023 and is forecast to a readjusted size of USD 146.7 Million by 2030 with a CAGR of 4.6% during the forecast period 2024-2030.

-
Skateboard Wheels market was valued at USD 114.4 Million in 2023 and is anticipated to reach USD 168.6 Million by 2030, witnessing a CAGR of 5.5% during the forecast period 2024-2030.

-
The global micromobility market was valued at USD 40.19 Billion in 2020, and is projected to reach USD 195.42 Billion by 2030, registering a CAGR of 17.4% from 2021 to 2030.

-
Personal Light Electric Vehicles market was valued at USD 51250 Million in 2023 and is anticipated to reach USD 85560 Million by 2030, witnessing a CAGR of 7.6% during the forecast period 2024-2030.

-
Display Control System for LED market is projected to grow from USD 523 Million in 2024 to USD 1124 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 13.6% during the forecast period.

-
The global 80 PLUS Certification Server Power Supply market was valued at USD 800.4 Million in 2023 and is anticipated to reach USD 1255.1 Million by 2030, witnessing a CAGR of 6.6% during the forecast period 2024-2030.

-
Copper Titanium Etching Solution Market

DISCOVER OUR VISION: VISIT ABOUT US!

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

YOUR FEEDBACK MATTERS: REACH OUT TO US!

Valuates Reports
[email protected]
For U.S. Toll-Free Call 1-(315)-215-3225
WhatsApp: +91-9945648335
Website:

Blog:
Pinterest:
Twitter:
Facebook:
YouTube: @valuatesreports6753

Logo -

SOURCE Valuates Reports

MENAFN06112024003732001241ID1108857551