The electric skateboard market is projected to reach USD 2,061.2 million in 2023, with further growth anticipated to USD 3,691.4 million by the end of the forecast period. During this timeframe, sales of electric skateboards are expected to flourish, reflecting a compound annual growth rate (CAGR) of 6%. From 2018 to 2022, the market experienced a growth rate of 5.4% CAGR.
Personal mobility is a key trend driving the market, as electric skateboards offer a lightweight, compact, and easily portable alternative to traditional transportation methods, addressing issues like parking challenges and high costs.
The rising popularity of electric skateboards as a recreational activity also boosts industry growth. Their speed, low physical effort required, and superior grip make them an appealing choice for skaters.
Increased environmental awareness further fuels demand for electric skateboards, which produce zero emissions. Additionally, as more people prioritize health and engage in outdoor activities, electric skateboards can enhance coordination and stability.
Technical advancements, such as making skateboards lighter and more affordable while incorporating modern motor technology, are likely to support market growth. However, these improvements may also lead to higher prices, potentially impacting sales.
Key Takweaways
- The global electric skateboard market is projected to grow from USD 2.06 billion in 2023 to USD 3.69 billion by 2033, with a CAGR of 6%.
- Increasing popularity of skating as a recreational activity drives demand for electric skateboards.
- Technological advancements enhance user experience with features like motion sensing and connectivity.
- Electric skateboards are seen as efficient urban mobility solutions, appealing to environmentally conscious consumers.
- Traditional skateboards are more affordable, presenting a cost challenge for electric models.
- Regulatory uncertainty regarding electric skateboard use may hinder market growth.
- North America leads the market with a 32.5% share, supported by a strong culture of sports.
- Emerging brands like Boosted Boards and Swagtron focus on innovation and market expansion to capture consumer interest.
Key Players
- 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
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