Published by Uma Rajagopal
Posted on January 10, 2022
Skating has become more than just fun outdoor activity and is considered as a sport in many countries.
As it offers an advantage of no-cost fees or coaching, parents motivate their kids for sports. Over the years, the skateboarding industry has seen several new releases of skateboards amid which electric skateboard has been gaining popularity.
The majority of the skateboards market players have launched electric skateboards with a massive influx of new riders. Based on user tilt sensing technology, any desired motion can be achieved without a remote control. This makes the electric skateboard a smart transport with motion sensing capability.
Get Sample of the report : https://www.futuremarketinsights.com/reports/sample/rep-gb-11993
Reduced compact size, ease of usage, and faster than the conventional skateboard are few of the factors which are anticipated to boost global electric skateboard market sales and grow at a significant CAGR during the forecast period.
Electric Skateboard Market – Key Trends
Connected features in electric skateboards, such as infrared connections, Wi-Fi, and Bluetooth, are gaining momentum in the global market.
Progressions in technology are resulting in the development of innovative and AI featured electric skateboard. It offers greater control over speed together with accurate handling for riders with more efficiency in less time.
As governments are increasingly focusing on smartening up their cities, they are seeking viable transport solutions that can decongest the traffic as well as create a cleaner environment for the entire community.
At present, there are only handfuls of nations that allow electric skateboard usage in public roads. The legalization of these electric skateboards will immensely diminish the number of vehicles on the road, clean the air, enhance the community’s mental health, and encourage a ‘forward-thinking’ environment.
The legislation will also give rise to dedicated electric vehicle retailers and certified repair agents.
Rise in the electric skateboard market has also created space for the electric skateboard accessories market. Several manufacturers have started offering safety gears USB accessories and spare parts.
Rising awareness concerning different skateboarding competitions and contests held at the regional and country levels is motivating kids to engage in the sport. For instance, Skate Philippines Summer Championship, the 31st Annual Skate Malaysia and Skate Japan are a few of the competitions held in 2019
Electric Skateboard Market – Growth Restraints
The conventional skateboards at available at affordable prices in the market as compared to electric skateboards. Moreover, there is an additional high cost associated with the use of advanced technology in electric skateboard motors. This is anticipated to impede the electrical skateboard market.
Lack of electric skateboard laws can negatively impact the growth of the electric skateboard market. The issues that legislative bodies are confronting are the product’s uncertainty and the absence of data concerning these vehicles usage.
Ask For Regional Data : https://www.futuremarketinsights.com/ask-regional/rep-gb-11993
COVID-19 Impact Analysis
The COVID-19 outbreak affected not only the skateboard industry but the professional skateboarders too.
The outbreak has resulted in the cancelation of several events and championships such as the Tokyo Summer Olympics 2020 wherein skateboarding was included and has provided a boost to all skateboarders to outdo in the field.
Rise of online fantasy sport (OFC) platforms has shown a rapid increase in the user base over the period. As per the FIFS-KPMG report, OFS operators’ gross revenues increased around 3X over the last 12 months.
Further, in a post COVID world, with social distancing standards in place, fantasy sports such as Skateboarding will play an increasingly important role in connecting fans to their favorite sports as well as increasing fan engagement.
Electric Skateboard Market – Region-Wise Analysis
North America spearheads the global electric skateboard market trailed by Europe over the assessment period. According to the Public Skatepark Development Guide, around 3.1 million youth in the US is described as being a core skater.
Furthermore, the region is the biggest producer of skateboards across geographies.
The Asian market is anticipated to foresee rapid growth in the electric skateboard market owing to increasing awareness of the outdoor activities, also, to the rise in technology.
Leading companies operating in the global electric skateboard market include:
Region
Report Highlights
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Global Electric Skateboard Market Segmentation:
The global electric skateboard market is categorized based on the following:
By Type
By Wheels
By Deck Size
By Speed
By Distribution Channel
Purchase the Report : https://www.futuremarketinsights.com/checkout/11993
Electric Skateboard Market – Competitive Analysis
The global electric skateboard market is segmented with the presence of several global and local players.
The majority of market players are introducing innovation in their products and acquisitions as their key strategy is to boost their market share. For instance,
Rave skateboards have introduced their summer collection 2019 comprising funky graphic designed skateboards.
LAUNCH SNOWBOARDS have launched their new skateboard line which consists of wheel kits, street decks, drop through longboards, truck, and pintail longboards.
Loaded Boards entered into a partnership with Unlimited Engineering to launch their newest line of electric skateboards along with DIY electric kits.
Lime, a scooter sharing company is taking over Boosted Inc. Around five of Boosted’s core patents were allotted to Lime in addition to intellectual property.
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: mailto:sales@futuremarketinsights.com
For Media Enquiries: mailto:press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
Skating has become more than just fun outdoor activity and is considered as a sport in many countries.
As it offers an advantage of no-cost fees or coaching, parents motivate their kids for sports. Over the years, the skateboarding industry has seen several new releases of skateboards amid which electric skateboard has been gaining popularity.
The majority of the skateboards market players have launched electric skateboards with a massive influx of new riders. Based on user tilt sensing technology, any desired motion can be achieved without a remote control. This makes the electric skateboard a smart transport with motion sensing capability.
Get Sample of the report : https://www.futuremarketinsights.com/reports/sample/rep-gb-11993
Reduced compact size, ease of usage, and faster than the conventional skateboard are few of the factors which are anticipated to boost global electric skateboard market sales and grow at a significant CAGR during the forecast period.
Electric Skateboard Market – Key Trends
Connected features in electric skateboards, such as infrared connections, Wi-Fi, and Bluetooth, are gaining momentum in the global market.
Progressions in technology are resulting in the development of innovative and AI featured electric skateboard. It offers greater control over speed together with accurate handling for riders with more efficiency in less time.
As governments are increasingly focusing on smartening up their cities, they are seeking viable transport solutions that can decongest the traffic as well as create a cleaner environment for the entire community.
At present, there are only handfuls of nations that allow electric skateboard usage in public roads. The legalization of these electric skateboards will immensely diminish the number of vehicles on the road, clean the air, enhance the community’s mental health, and encourage a ‘forward-thinking’ environment.
The legislation will also give rise to dedicated electric vehicle retailers and certified repair agents.
Rise in the electric skateboard market has also created space for the electric skateboard accessories market. Several manufacturers have started offering safety gears USB accessories and spare parts.
Rising awareness concerning different skateboarding competitions and contests held at the regional and country levels is motivating kids to engage in the sport. For instance, Skate Philippines Summer Championship, the 31st Annual Skate Malaysia and Skate Japan are a few of the competitions held in 2019
Electric Skateboard Market – Growth Restraints
The conventional skateboards at available at affordable prices in the market as compared to electric skateboards. Moreover, there is an additional high cost associated with the use of advanced technology in electric skateboard motors. This is anticipated to impede the electrical skateboard market.
Lack of electric skateboard laws can negatively impact the growth of the electric skateboard market. The issues that legislative bodies are confronting are the product’s uncertainty and the absence of data concerning these vehicles usage.
Ask For Regional Data : https://www.futuremarketinsights.com/ask-regional/rep-gb-11993
COVID-19 Impact Analysis
The COVID-19 outbreak affected not only the skateboard industry but the professional skateboarders too.
The outbreak has resulted in the cancelation of several events and championships such as the Tokyo Summer Olympics 2020 wherein skateboarding was included and has provided a boost to all skateboarders to outdo in the field.
Rise of online fantasy sport (OFC) platforms has shown a rapid increase in the user base over the period. As per the FIFS-KPMG report, OFS operators’ gross revenues increased around 3X over the last 12 months.
Further, in a post COVID world, with social distancing standards in place, fantasy sports such as Skateboarding will play an increasingly important role in connecting fans to their favorite sports as well as increasing fan engagement.
Electric Skateboard Market – Region-Wise Analysis
North America spearheads the global electric skateboard market trailed by Europe over the assessment period. According to the Public Skatepark Development Guide, around 3.1 million youth in the US is described as being a core skater.
Furthermore, the region is the biggest producer of skateboards across geographies.
The Asian market is anticipated to foresee rapid growth in the electric skateboard market owing to increasing awareness of the outdoor activities, also, to the rise in technology.
Leading companies operating in the global electric skateboard market include:
Region
Report Highlights
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Global Electric Skateboard Market Segmentation:
The global electric skateboard market is categorized based on the following:
By Type
By Wheels
By Deck Size
By Speed
By Distribution Channel
Purchase the Report : https://www.futuremarketinsights.com/checkout/11993
Electric Skateboard Market – Competitive Analysis
The global electric skateboard market is segmented with the presence of several global and local players.
The majority of market players are introducing innovation in their products and acquisitions as their key strategy is to boost their market share. For instance,
Rave skateboards have introduced their summer collection 2019 comprising funky graphic designed skateboards.
LAUNCH SNOWBOARDS have launched their new skateboard line which consists of wheel kits, street decks, drop through longboards, truck, and pintail longboards.
Loaded Boards entered into a partnership with Unlimited Engineering to launch their newest line of electric skateboards along with DIY electric kits.
Lime, a scooter sharing company is taking over Boosted Inc. Around five of Boosted’s core patents were allotted to Lime in addition to intellectual property.
Explore FMI’s Extensive Coverage on Consumer Product Domain
Perfume Market : Perfume Market By Product Type (Eau de Parfum, Eau de Toilette, Eau de Cologne, Eau Fraiche), Nature (Natural, Synthetic), End-Use (Men, Women, Unisex), Sales Channel (Wholesalers/Distributors, Hypermarkets/Supermarkets) and Regions for 2021-2031
Portable Air Conditioner Market : Portable Air Conditioner Market By End Use (Residential & Commercial), Sales Channel (Wholesalers/ Distributors, Hypermarkets/ Supermarkets, Specialty Stores, Multi-brand Stores, Online Retailers, & Others Sales Channel), Capacity & Region – Forecast to 2021 – 2027
Blind & Shades Market : Blind & Shades Market By Product Type (Roller Shades, Vertical Shades/Blinds, Panel Blinds, Roman Shades/Blinds, Venetial Blinds), Fabric (Natural & Synthetic), Mode of Operation (Manual & Automated), Sales Channel (Online, Offline) & Region – Forecast to 2022 – 2029
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: mailto:sales@futuremarketinsights.com
For Media Enquiries: mailto:press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
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