The global skateboard footwear & apparel market value is projected to increase from US$ 3,095.5 million in 2023 to US$ 4,546.8 million by 2033, with sales likely to soar at a 3.9% CAGR over the projection period from 2023 to 2033.
Key Factors Shaping the Market
- Rising Popularity of Skateboarding: The increasing interest in skateboarding is expected to significantly boost the global skateboard footwear & apparel industry.
- Growing Participation and Events: The rise in participation rates and the increasing number of skateboard events are poised to drive up the demand for skateboard footwear & apparel.
- Expansion of Skateboarding Facilities: With the expansion of skateboarding parks and facilities worldwide, there is a projected uplift in sales of skateboard footwear & apparel.
- Celebrity Endorsements and Collaborations: Collaborations with mainstream fashion brands and endorsements by celebrities are anticipated to further stimulate market development.
- Continuous Product Innovation: Ongoing innovation and development in skateboard footwear & apparel are expected to contribute to the growth of the target market through 2033.
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Leading skateboard footwear & apparel companies are offering a wide range of products to fulfil end user requirements. This is positively impacting the overall market development.
Key Takeaways from the Skateboard Footwear & Apparel Market Study
- The worldwide skateboard footwear & apparel industry is projected to exceed a valuation of US$ 4,546.8 million by 2033.
- By product type, skate shoes segment is expected to account for a significant market share of 1% in 2023.
- Based on consumer orientation, men segment is likely to hold a 2% share of the market in 2023.
- By distribution channel, online retailers segment is expected to account for 5% market share in 2033.
- The United States skateboard footwear & apparel industry is forecast to progress at 9% during the assessment period.
- Demand for skateboard footwear & apparel across the United Kingdom is likely to rise at a steady pace through 2033.
- China is expected to emerge as a highly lucrative market for skateboard footwear & apparel during the projection period.
“Increasing popularity of skateboarding as a recreational activity across the world is driving the worldwide skateboard footwear & apparel industry. The rising participation of female consumer groups in skateboarding is likely to further boost sales in the target market through 2033. To gain profits, leading players are focusing on expanding their product portfolios by launching new products.” says an FMI analyst.
Who is Winning?
Leading skateboard footwear & apparel manufacturers profiled in the report include
For Skateboard Footwear
- VF Corporation
- Nike Inc.
- Adidas AG
- Globe International
- New Balance
- DC Shoes
- Sole Technology Inc.
- Lakai Limited
- Others (as requested)
For Skateboard Apparel
- Volcom, LLC
- Element
- NHS Inc.
- High Speed Productions Inc.
- CCS
- Tactics
- HUF Worldwide
- Diamond Supply Co.
- Primitive Skateboarding
- Stüssy
- Other Players (As Requested)
These prominent players are constantly launching new products to meet the demand of end users. They are also leveraging strategies such as mergers, partnerships, acquisitions, and collaborations to gain a competitive edge in the market. For instance,
In 2023, Santa Cruz partnered with the skateboarding brand Blind to expand its portfolio as well as presence across lucrative markets.
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Global Skateboard Footwear & Apparel Market by Category
By Product Type :
- Skate Shoes
- Slip-on Skate Shoes
- Old Skool & Authentic Shoes
- Others
- T-shirt & Tops
- T- Shirts
- Tank Tops
- Jerseys (inspired by skateboarding and skate culture)
- Hoodies & Sweatshirts
- Bottoms
- Pants & Sweatpants
- Shorts
By Consumer Orientation :
- Men
- Women
- Unisex
- Kids
By Distribution Channel :
- Direct Sales/ Exclusive Stores
- Specialty Stores (Skating)
- Sports Merchandise
- Departmental Stores
- Online Retailers
- Direct to Consumers
- Third-party to Consumers
- Other Sales Channel
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About Consumer Product Division at Future Market Insights (FMI)
The consumer product team at Future Market Insights (FMI) provides all the necessary insights and consulting analysis to fulfil the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the consumer product industry, the team is happy to help with every business intelligence research and consulting requirement.
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.
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 ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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