San Leandro, CA – Skate Industry News: Skateboard Market Size Soon To Explode

January 04, 2023 – The global skateboard market size was USD 1.72 Billion in 2021 and is expected to register a revenue CAGR of 3.2% over the forecast period, according to the latest report by Reports and Data. Global Skateboard Market Size to Reach USD 3.53 Billion in 2030. Over the course of the forecast period, market revenue growth is anticipated to be fueled by elements including growing popularity of skateboarding, rising disposable income, rising interest in outdoor sports activities and benefits to health and fitness, as well as growing consumer preference for personal mobility. 

Skateboard demand is anticipated to increase over the forecast period due to a number of important factors, including the introduction of electrical skateboards, the high demand for graphic skateboards, rising public and private sector investment in the construction of skate parks and other infrastructure in emerging economies, and the rapid advancement of technology.

Skate One, established in 1976 and headquartered at Cortona Dr, Unit B, Goleta, California, 93117, United States. Specialties in manufacturer & distributor of high performance skateboarding equipment and clothing. Skate One has nearly 105 Employees and a revenue of $20 Million. Element Skateboards is an American skateboard company established in 1992. Specialties in mens and women’s apparel, skateboards, footwear and Emerald, an eco-friendlier collection. Element Skateboards has nearly 99 Employees and a revenue of $19 Million. Companies like these and many more will be the driving force behind the skateboard economy in 2023. 

With the rising stake in the skateboard economy, we must be careful how we grow. E-commerce has become the norm, but as skateboarders, we must never let our local shops die. They are the birth place of our culture, the cornerstones of our neighborhoods and beginning of our love for skateboarding. In closing, we are excited to see the skateboard economy explode once more, but we will be even happier to see our local shops keep their doors open and thrive! Shop Local!