Skateboard Market Report 2024

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GLOBAL SKATEBOARD MARKET REPORT 2024
Global,Regional,CountryAnalysis
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INTRODUCTION
A skateboard is a tool utilized for engaging in
the activity of skateboarding. Typically,
skateboards are constructed with a specially
designed deck made of 7-ply maple plywood. This
deck is coated with polyurethane to ensure a
smooth and durable surface. Additionally, the
deck is affixed to the base using a pair of
skateboarding trucks. Although some individuals
employ skateboards as a means of transportation
for short distances, the majority employ them for
executing tricks and maneuvers. The increasing
popularity of sports and the growing appeal of
recreational activities, along with rapid
technological progress, have contributed to the
expansion of this trend.
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KEY INSIGHTS
MARKET SIZE USD 3.6 billion
2023
CAGR 4.00
2023- 2030
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REVENUE MARKET SHARE BY SEGMENTS 2022
Teenage segment 37
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Global Skateboard Market Revenue share for 2022
North America 42
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Innovation in Skateboard Design and Technology to
Propel Market Growth
Drivers
Economic Challenges and Affordability Concerns to
Hinder Market Growth
Restraints
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AUTHOR'S PERSPECTIVE

• The Global Skateboard Market is witnessing
  significant growth in the near future.
• These skateboards are commonly used for street
  skating and are typically 33 inches long and
  between 7.5 and 8.75 inches wide.
• Beginners are mainly choosing these, and they are
  available at considerably lower prices compared
  to other varieties.
• The growth of the teenager segment is attributed
  to a significant portion of the population aged
  1217.
• Skateboarding has become a popular sport among
  millions of young people due to its appeal as a
  viable, demanding, and recreational activity.

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KEY PLAYERS
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