ELECTRIC SKATEBOARD MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
Global electric skateboard market is estimated to be valued at US$ 4.07 Billion in 2024 and is expected to reach US$ 9.10 Billion by 2031, exhibiting a compound annual growth rate (CAGR) of 12.2% from 2024 to 2031. Global electric skateboard market has been growing rapidly over the past few years. Electric skateboards are gaining popularity among youth as an eco-friendly and efficient mode of transportation within cities. Unlike conventional skateboards which require manual pushing using feet, electric skateboards come equipped with electric motors and rechargeable batteries allowing users to ride them with little physical effort. This has made them quite appealing for short-distance commuting. Rising environmental concerns and growing preferences for micro-mobility have spurred the adoption of electric skateboards. With continued technological advancements, these boards are becoming smarter and more responsive while offering longer riding ranges. This is expected to further catalyze the electric skateboard market in the coming years.
Market Dynamics:
Global electric skateboard market growth is driven by factors such as the growing popularity of micro-mobility solutions for urban commuting, increasing environmental concerns boosting the use of non-polluting vehicles, and rising health awareness encouraging outdoor recreational activities. However, high product and maintenance costs remains a key restraint. Ongoing innovations in battery technologies to enhance performance are expected to create significant opportunities for market players. Companies are investing in Research & Development to develop advanced lithium-ion and solid-state batteries with higher energy density and longer lives. This could help electric skateboards achieve longer riding ranges and realize their full commuting potential. Further, integration of technologies such as GPS, cloud connectivity, and regenerative braking could make these boards smarter and more user-friendly.
Key Features of the Study:
- This report provides in-depth analysis of the global electric skateboard market and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global electric skateboard market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Boosted Boards, ELERIDERS, Evolve Skateboards, Inboard, Acton, Razor USA, Skatebolt, WOW go, Teamgee, Koowheel, Onan, Urban Arrow, Landwheel, and X1 Electric Skateboards
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global electric skateboard market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global electric skateboard market
Market Segmentation
Market Segmentation
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