In the United States, it is estimated that about 7.6 million skateboards are sold every year. This number has been steadily increasing over the past few years, as skating has become more popular as a hobby and sport. Skateboarding is a great way to get exercise and fresh air, and it can be done almost anywhere. Whether you are a beginner or an experienced skateboarder, there is a board out there that is perfect for you. So get out there and start skating!
How big is the skateboarding market?
Global Skateboard Market Size – The global skateboarding industry was valued at just under 2 billion dollars in 2019, and it is expected to reach nearly 3 trillion by 2023.
Who is the target market for skateboards?
Of the 73-million young people in America, 6 million are skateboarders. That’s about 8%. Now we can confidently say that “8% of American youth have ridden a board within one year.”
How much is the skateboarding industry worth?
Global skateboard sales are expected to reach a whopping $177.4 million by the end of 2026, according an industry analysis firm – this is growth at 2% per year!
How fast is skateboarding growing?
It seems that the popularity of skateboarding is on an all-time high. Data from Action Watch shows 118% more sales in just one month alone, with June 2017 being noted for increased equipment purchases compared to last year
A new report released by this company has shown how popularized it really got over these past few years since data collection started back then!
Is skateboarding dying?
The skateboarding industry has seen a major decline in youth participation over the past decade. In fact, it’s been so bad for younger generations that some companies are closing and others have cut back on what they produce because there just aren’t as many people involved anymore-including kids who love to ride!