Global Skateboard Wheels Market Size By Product (PVC and PU), By Application (Supermarkets, Specialist Retailers, Internet Sales), By Geographic Scope And Forecast
Report ID: 239299|No. of Pages: 202
Global Skateboard Wheels Market Size By Product (PVC and PU), By Application (Supermarkets, Specialist Retailers, Internet Sales), By Geographic Scope And Forecast
Skateboard Wheels Market Size And Forecast
Skateboard Wheels Market size was valued at USD 1.82 Billion in 2023 and is projected to reach USD 3.98 Billion by 2030, growing at a CAGR of 3.47% from 2024 to 2030.
The Global Skateboard Wheels Market has witnessed strong growth owing to the increasing demand for skateboards for sports activities, fun, and entertainment. The health-conscious population across the world is growing. Thus, the rising adoption of skateboards among health-conscious people and teenagers, the growing young population, adoption of skateboard activities for exercising, amongst others, are fueling the growth of the Global Skateboard Wheels Market during the forecasted period.
Global Skateboard Wheels Market Definition
Skateboard refers to a small and narrow board mounted on a pair of small wheels. Skateboards are used for coasting and performing athletic stunts. There are different types of skateboards available such as Longboard Skateboards, Cruiser Skateboards, Mini Cruiser Skateboards, Carver Skateboards, and Double Kick Skateboards, amongst others. Balancing on the skateboards is very difficult to adopt. Thus, many people give up easily during skateboard learning.
However, skateboarding is a convenient sports activity and a cheaper hobby compared to other sports hobbies. Furthermore, skateboarding offers various advantages such as coordination, pain tolerance, stress relief, precision, reflexes, and patience. Skateboard riding efficiently helps in improving the coordination between different body parts such as hands, eyes, legs, and feet. While skating the skateboard, the skateboarder needs to transform movements in a particular way for smooth and accurate skating.
Skateboarding helps in increasing social networking across the society or community by bringing like-minded people together. Also, skateboarding provides stress relief by engaging people in learning skateboarding with constantly falling and tripping; it helps in improving the pain tolerance of the body. Skateboarders easily cope with improving flexibility with precision and quick reflexes. Skateboarding is a continuous learning sport in which skateboarders need to practice to learn tricks perfectly and efficiently. Continuous practice and falling increase the rate of wear and tear of the skateboard wheels. A pair of wheels is a crucial part of the skateboard.
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
What's inside a VMR
industry report?
>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=239299
Global Skateboard Wheels Market Overview
The demand for skateboarding is growing with the growing adoption across the teenage and young population around the world. According to the National Public Radio (a nonprofit organization), the demand for skateboarding is growing in 2021 due to skateboarding videos on Tik Tok and the skater girls on other social media. There are around 85 million active skateboarders around the world. The number is increasing at a higher rate due to rising adoption and there will be more skateboarders around the world soon.
The prevalence of different diseases such as neurological disorders, autoimmune diseases, cancers, and the rest of the others is growing among the American population. A large number of Americans are suffering from diabetes; a large number of children and adolescents are suffering from type 1 diabetes. According to the Centers for Disease Control and Prevention, National Diabetes Statistics Report, 2019, around 11.3% of people, accounting for 37.3 million, have diabetes in the United States. Out of which, 96 million people aged 18 years or older have prediabetes. Thus, the various recreation activities including skateboarding, are getting attention from the world population.
People around the world are becoming more health-conscious; thus, the adoption of skateboarding among these people is growing as a recreational activity as well as a hobby. Furthermore, various skateboard competitions such as the World Cup of Skateboarding, the Vans Triple Crown, Tampa Pro, and Boardr Open, amongst others are fueling the growth of the Global Skateboard Wheels Market during the forecasted period.
Also, different factors such as growing demand from Asia-Pacific for the skateboards due to rising adoption of western sports, advancements in the wheels, and the production technology, amongst others, are creating new opportunities for the Global Skateboard Wheels Market to grow over the forecasted period. However, skateboarding is considered a more dangerous activity compared to other contact sports. According to a sports injury study, skateboarding accounted for 2% of the total sports injuries recorded. Therefore, injuries caused during skateboarding, volatile raw material prices, and fluctuations in import and custom tariffs, amongst others, might strangle the growth of the Global Skateboard Wheels Market during the forecasted period.
Global Skateboard Wheels Market: Segmentation Analysis
The Global Skateboard Wheels Market is segmented based on Product, Application, and Geography.
Skateboard Wheels Market, By Product
• PVC
• PU
Based on Product, the market is further segmented into PVC and PU. In 2021, the PU segment has dominated the market accounting for the largest market share. PU or Polyurethane is a popular and effective material for skateboard wheels. PU possesses various lucrative properties as compared to PVC. PU offers excellent abrasion resistance to applications with extreme temperatures. It also can maintain its flexibility in different weather conditions, especially in extremely cold weather. Wheels made from PU are quite don’t make noise as compared to wheels made from metals such as steel or cast iron. Thus, the demand for PU is growing for the production of skateboard wheels.
Skateboard Wheels Market, By Application
• Supermarket
• Specialist Retailers
• Internet Sales
• Others
Based on Application, the market is segmented into Supermarkets, Specialist Retailers, Internet Sales, and Others. In 2021, the Specialist Retailers segment has dominated the market accounting for the largest market share. Skateboarders generally prefer to buy the skateboards personally in the specialty stores as the specialty retailers are well-informed and experts in the domain. Also, newcomers are not generally aware of the different types of skateboards and the different sizes and types of wheels on the skateboards. Thus, it is convenient for them to buy them from specialty retailers for the excellent and right choice. Furthermore, internet sales are growing nowadays due to various benefits over other sales channels. Internet sales offer various sale offers, discounts, and different payment options. Also, the internet penetration amongst the world population is growing; thus, aiding the growth in internet sales.
Skateboard Wheels Market, By Geography
• North America
• Europe
• Asia Pacific
• Rest of the World
Based on regional analysis, the Global Skateboard Wheels Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America is the leading region in the Global Skateboard Wheels Market. The factors such as large skateboard and accessories production in the region, and increasing adoption of skateboarding as an outdoor activity, recreational activity, or even as a hobby, will boost the market in the North American region. Also, different skateboard competitions across the United States such as Tampa Pro, The Boardr Am Series, Red Bull Solus, Battle at the Berrics, and Damn Am, amongst others, are fueling the growth of the Skateboard Wheels Market around the United States and North America.
Key Players
The “Global Skateboard Wheels Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market such as Hey Wheel, Super Blanks, VJ Technologies, Everland, Bones Wheels, Spitfire, Shark Wheel, Powell-Peralta, Ricta, and Sunset Skateboards, amongst others, are a few major companies operating in the Skateboard Wheels Market. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
• In March 2019, Spitfire Wheels introduced Classic Formula Four made from unbeatable lasting performance urethane for more speed and control on all surfaces. Spitfire Wheels Classic Formula Four is available in the store.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2020-2030 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2030 |
| HISTORICAL PERIOD | 2020-2022 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Hey Wheel, Super Blanks, VJ Technologies, Everland, Bones Wheels, Spitfire, Shark Wheel, Powell-Peralta, Ricta, and Sunset Skateboards |
| SEGMENTS COVERED | Product, Application, and Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
TABLE OF CONTENT
1 INTRODUCTION OF THE GLOBAL SKATEBOARD WHEELS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL SKATEBOARD WHEELS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL SKATEBOARD WHEELS MARKET, BY PRODUCT
5.1 Overview
5.2 PU
5.3 PVC
6 GLOBAL SKATEBOARD WHEELS MARKET, BY APPLICATION
6.1 Overview
6.2 Supermarket
6.3 Specialist Retailers
6.4 Internet Sales
6.5 Others
7 GLOBAL SKATEBOARD WHEELS MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 Middle East and Africa
8 GLOBAL SKATEBOARD WHEELS MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 Hey Wheel
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 Super Blanks
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 VJ Technologies
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 Everland
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 Bones Wheels
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 Spitfire
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Development
9.7 Shark Wheel
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments
9.8 Powell-Peralta
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Development
9.9 Ricta Wheels
9.9.1 Overview
9.9.2 Financial Performance
9.9.3 Product Outlook
9.10 Sunset Skateboards
9.10.1 Overview
9.10.2 Financial Performance
9.10.3 Product Outlook
9.10.4 Key Developments
10 KEY DEVELOPMENTS
10.1 Product Launches/Developments
10.2 Mergers and Acquisitions
10.3 Business Expansions
10.4 Partnerships and Collaborations
11 Appendix
11.1 Related Research
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
