Throughout the aforementioned assessment period, electric skateboards market sales are projected to continue flourishing, reflecting a value CAGR of 6%. The global electric skateboard market is slated to reach US$ 2,061.2 million in 2023 and is further likely to reach US$ 3,691.4 million by the end of the forecast period.
With the growing level of urbanization within which comes an increased reliance on alternative forms sustainable transport, Electric Skateboards have gained popularity for space cuts in commutation that come alongside style and friendly environmental effects. The rising concerns about environmental protection and the need for alternative modes of transportation urge many people to buy electric skateboards.
Furthermore, Vehicle developments like robust battery life’s and smart connectivity features are with fast-moving safety measuresare propelling the market forward. However, the conglomeration of these forces has driven to a thriving environment wherein consumption is only expected but better times are in store for Electric Skateboard Market as it continues creating its own impetus.
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As the market matures and expands, manufacturers are likely to witness increased opportunities for innovation and customization, further solidifying the electric skateboard’s position as a transformative force in the personal mobility sector.
As urban landscapes evolve, the demand for sustainable and efficient modes of transportation has never been higher. Our new electric skateboard is engineered to meet the diverse needs of modern commuters, offering a perfect blend of cutting-edge technology, performance, and style.
Factors are Driving the Growth of the Electric Skateboard Market
- Popularization of Sports and Recreational Activities: The global electric skateboard industry is propelled by the growing popularity of sports and recreational activities worldwide.
- Enhanced Performance: Electric skateboards offer greater speed and control compared to conventional skateboards, making them a favored choice for skating sports enthusiasts in regions like Australia, the United States, and Europe.
- Wide Age Appeal: The use of electric skateboards has garnered a following among individuals of all ages across the globe, further driving market growth.
- Private Transportation: Electric skateboards are increasingly adopted as a mode of private transportation due to their compact size and user-friendly nature.
- Time Efficiency: The high speed of electric skateboards contributes to their popularity as they offer time-saving benefits, a significant factor fueling the global demand for these devices.
Who are the Leading Players in Electric Skateboard Market?
Some leading electric skateboard manufacturers include:
- Skatebolt
- Inboard Technology
- Blitzart Inc.
- ACTON Inc.
- Teamgee Skateboard
- RideRiptide Electric Skateboard
- Atom Longboards
- Boosted, Inc.
- Swagtron
- Evolve Skateboards Australia
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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
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
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