Skate Boards are wood based boards with wheels, which are aerodynamically designed for short transit, leisure activity and acrobatic sports.
The market has tremendously grown over last few years with massive promotion and branding of skate boards via movies, videos, tutorials and games.
With rapid urbanization worldwide, the skate board has been a perfect fit for kids and teens in urban areas for sports and leisure activity.
The global skate board market is valued at $150 Million in 2019, and is expected to reach an impressive $170 Million by 2024, with a strong CAGR of 2.1%
With countries like China and USA leading manufacturing and innovation in the sector, the market is expected to gain traction and penetration in newer regions and emerging economies
Key Players:
Skate One
Control
99 Factory
South Central Skateboard
Challenge Skateboards
Cirus Skateboards
Sans Usa
Omni Skateboards Australia
Kick Flip
Heskins
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Segmentation:
The skate boards market worldwide is segmented based upon type, End user and region.
Based Upon Product Type, the skate board market has been segmented as
- Park Boards
- Cruiser Boards
- Long board
- Other Board
Based Upon End User, the skate board market has been segmented as
- Kids
- Teenagers
- Adults
Based Upon Region, the food coatings market has been segmented as
- North America (United States of America, Canada, Mexico)
- Europe (Germany, France, UK, Italy, Russia, Spain)
- Asia Pacific (China, Japan, Korea, India, Australia, New Zealand)
- Middle East & Africa
- Latin America
Regional Analysis:
North America is the market leader in terms of production and consumption in skate board. The region has a world class industrial technology and relies heavily on automation. The region also has a high consumption rate for different types of skate boards with a 29% of global market share in terms of production as of 2018 and a 32% market share in consumption..
Europe is the next major market in terms of consumption rate. With a 28% global consumption rate and a lack of manufacturing units, the market is very open at the moment with high rates of import.
Asia Pacific is expected to grow at the highest rate. The region has a high population density and improved manufacturing infrastructure and technological development in industry are leading the growth pattern in the region.
A growth in disposable income among consumers has added to the regions growth. China is the second largest supplier of skate boards with production rates of 26% in global share.
Middle East and Africa are other regions expected to propel the growth of skate boards market with a change in the society dynamics and acceptance of western ideas and concept.
Industry News:
The rapid globalization and growth of free trade has driven the growth of skate boards market. Although skate boards were initially more popular in North American and European regions, its acceptance and demand has significantly increased over last few years in Asia pacific, Middle East and African regions.
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Table Of Content:
1 Market Overview
2 Global Market Competition by Manufacturers
3 Global Capacity, Production, Revenue (Value) by Region (2013-2018)
4 Global Supply (Production), Consumption, Export, Import by Region (2013-2018)
5 Global Production, Revenue (Value), Price Trend by Type
6 Global Market Analysis by Application
7 Global Manufacturers Profiles/Analysis
8 Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
11 Market Effect Factors Analysis
12 Global Market Forecast (2018-2025)
13 Research Findings and Conclusion
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