By the end of the forecast period, the worldwide electric skateboard market is anticipated to reach US$ 3,691.4 million in 2033 from US$ 2,061.2 million in 2023. Sales of electric skateboards are anticipated to increase significantly throughout the aforementioned assessment period, with a 6% value CAGR. The market had 5.4% CAGR development from 2018 to 2022.
Personal mobility is one of the running trends in the market. Since transportation comes with problems like parking and relatively high expenses, skateboards are increasingly adopted for their lightweight, compact, and easy-to-carry structure.
The surging popularity of electric skateboards as a recreational activity further impels the electric skateboard industry. Due to the swiftness, less requirement for effort, and better grip, electric skateboards are becoming an attractive option for skaters.
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Growing environmental cognizance catalyzes the demand for e-skateboards as they emit zero emissions. Additionally, people are giving more importance to their health and frequently participating in outdoor activities. In these circumstances, electric skateboards assist in the enhancement of coordination and stability.
Technical upgrades to the product, like making it lighter, cheaper, and equipping it with modern motorized skateboards, are expected to foster the market development. However, it may also result in a drop in sales due to surged prices.
Top Highlights from the FMI’s Analysis of the Electric Skateboard Market:
- The North American electric skateboard industry is projected to acquire more than 32.5% over the forecast period.
- In 2022, the Europe electric skateboard industry is estimated by FMI to account for a market share of 27.6%.
- The United States is projected to emerge as the leading market for electric skateboards on a global scale. In 2022, the country registered a 28.3% global value share as per the revenue estimates.
- Germany accounted for 7.3% market share in 2022, prominently making its space in Europe.
- The United Kingdom is also projected to have a noticeable impact on regional market growth. From 2023 to 2033, FMI has predicted that the United Kingdom is assessed to record a CAGR of 5.7%.
- Indian electric skateboard industry is expected to inflate at a CAGR of 7.6% over the estimated time.
- China is going to register CAGR of 6.8% in the assessment period.
- In 2022, Japan and Australia gained 5.8% and 2.6% market shares, respectively.
- Based on type, the market accounted for a market share of 48.4% in 2022.
- Under the wheels category, generic wheels registered a value share of 64.8% in 2022.
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Key Players
- Skatebolt
- Inboard Technology
- Blitzart Inc.
- ACTON Inc.
- Teamgee Skateboard
- RideRiptide Electric Skateboard
- Atom Longboards
- Boosted, Inc.
- Swagtron
- Evolve Skateboards Australia
Key Segments of the Electric Skateboard Industry Survey
By Type:
- Belt Driven Electric Skateboard
- Hub Motor Design Electric Skateboard
- Wheel Motors Electric Skateboard
By Wheels:
- Generic Wheels-equipped Electric Skateboard
- Clone Wheels-equipped Electric Skateboard
By Deck Size:
- Mini Electric Skateboard
- Mid Electric Skateboard
- Full Electric Skateboard
By Speed:
- Less than 10 mph Electric Skateboard
- 10 to 20 mph Electric Skateboard
- More than 20 mph Electric Skateboard
By Distribution Channel:
- Electric Skateboard Sales via OEM (Original Equipment Manufacturer)
- Electric Skateboard Sales via Aftermarket
Electric Skateboard by Region:
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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