Electric Skateboard Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive overview of the electric skateboard market from 2023 to 2033, offering insights into market size, growth trends, segmentation, regional analysis, and forecasts, along with analysis on key players and technological advancements in the industry.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $1.50 Billion |
| CAGR (2023-2033) | 7.2% |
| 2033 Market Size | $3.07 Billion |
| Top Companies | Boosted Boards, Evolve Skateboards, Onewheel, Razor |
| Last Modified Date | 23 February 2025 |
Electric Skateboard Market Overview
What is the Market Size & CAGR of Electric Skateboard market in 2023?
Electric Skateboard Industry Analysis
Electric Skateboard Market Segmentation and Scope
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Electric Skateboard Market Analysis Report by Region
Europe Electric Skateboard:
The European market is expected to grow from $0.45 billion in 2023 to $0.93 billion by 2033. Sustainability trends, higher environmental awareness among consumers, and supportive government policies for electric transport foster growth in this region. Major cities also aim to reduce traffic congestion and carbon emissions.Asia Pacific Electric Skateboard:
The Asia-Pacific region is expected to show significant growth, with the market size forecasted to increase from $0.30 billion in 2023 to $0.61 billion by 2033. The rapid urbanization and increasing middle-class population in countries like China and India drive demand, with innovative models being released to cater to young, tech-savvy consumers.North America Electric Skateboard:
North America remains a key market, projected to grow from $0.51 billion in 2023 to $1.04 billion by 2033. Strong consumer interest in personal mobility solutions, coupled with a culture of innovation, has set the stage for growth. Cities are increasingly introducing infrastructure supportive of electric skateboard use.South America Electric Skateboard:
In South America, the market will rise from $0.07 billion in 2023 to $0.14 billion by 2033. The growth is driven by increasing urban mobility challenges, leading consumers to seek portable and efficient transport. Higher disposable incomes will further boost market accessibility and adoption rates.Middle East & Africa Electric Skateboard:
In the Middle East and Africa, the market is anticipated to increase from $0.17 billion in 2023 to $0.34 billion by 2033. While smaller than other regions, there is growing interest in electric skateboards as urban centers expand and aim for modernized transportation solutions.Request a custom research report for industry.
Electric Skateboard Market Analysis By Type
Global Electric Skateboard Market, By Type Market Analysis (2024 - 2033)
In terms of product types, mechanical skateboards dominate with a market size of $0.94 billion in 2023, expanding to $1.92 billion by 2033, reflecting a 62.56% market share. Electric skateboards are projected to grow from $0.34 billion to $0.70 billion, capturing 22.87% share. Accessories, essential for enhancing user experience, contribute $0.22 billion in 2023 and are expected to reach $0.45 billion by 2033 with a share of 14.57%.
Electric Skateboard Market Analysis By Usage
Global Electric Skateboard Market, By Usage Market Analysis (2024 - 2033)
Recreational use accounts for the majority of market share at 86.74% in 2023, growing from $1.30 billion to $2.66 billion by 2033. Commuting, while smaller in comparison, is anticipated to grow from $0.20 billion to $0.41 billion, representing a growing trend as urban transportation solutions evolve and become more varied.
Electric Skateboard Market Analysis By Target Audience
Global Electric Skateboard Market, By Target Audience Market Analysis (2024 - 2033)
Young adults represent the largest target audience, with a total market size expanding from $0.94 billion to $1.92 billion by 2033. Children follow with a market size of $0.34 billion expanding to $0.70 billion, equating to a 22.87% share, indicating a growing recognition of skateboarding as a recreational activity among youths. Adults show potential as a significant market, currently valued at $0.22 billion and reaching $0.45 billion by 2033.
Electric Skateboard Market Analysis By Feature
Global Electric Skateboard Market, By Features Market Analysis (2024 - 2033)
Key features making an impact include speed and battery life. Speed represents an impressive market share with a size of $0.94 billion in 2023 and is expected to double to $1.92 billion by 2033. Battery life-focused products are also gaining traction, with a size of $0.34 billion rising to $0.70 billion, influencing purchasing decisions significantly.
Electric Skateboard Market Analysis By Sales Channel
Global Electric Skateboard Market, By Sales Channel Market Analysis (2024 - 2033)
The online sales channel dominates with an impressive market size doubling from $1.30 billion in 2023 to $2.66 billion by 2033. Offline sales, although growing, represent a smaller share, expanding from $0.20 billion to $0.41 billion. The shift towards online sales correlates with broader e-commerce trends seen across the consumer goods sector.
Electric Skateboard Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Electric Skateboard Industry
Boosted Boards:
Known for their high-performance electric skateboards offering cutting-edge technology and superior build quality, Boosted Boards remains a leader, particularly within the premium segment.Evolve Skateboards:
A global leader in electric skateboard innovation, Evolve is known for its adaptability to various terrains, attracting both casual users and serious enthusiasts with robust product offerings.Onewheel:
Famous for its unique single-wheel design, Onewheel has carved out a significant niche in the market, appealing to adventure seekers and off-road enthusiasts.Razor:
Razor, a familiar name in personal electric vehicles, covers a range of products appealing to younger users, promoting fun and safe riding experiences.We're grateful to work with incredible clients.
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FAQs
What is the market size of electric skateboards?
The electric skateboard market is valued at approximately $1.5 billion in 2023, with a projected CAGR of 7.2% over the next decade. By 2033, market growth is anticipated to expand significantly, reflecting increasing consumer interest.
What are the key market players or companies in the electric skateboard industry?
Key players in the electric skateboard market include companies like Boosted Boards, Evolve Skateboards, and Inboard Technology. These companies lead in innovation, market share, and consumer engagement, pushing forward the industry growth.
What are the primary factors driving the growth in the electric skateboard industry?
The growth of the electric skateboard industry is driven by increasing urbanization, demand for eco-friendly transportation, and advancements in battery technology. Additionally, the rising popularity of recreational activities further fuels market demand.
Which region is the fastest Growing in the electric skateboard market?
North America is poised to be the fastest-growing region, projected to grow from $0.51 billion in 2023 to approximately $1.04 billion by 2033. Factors include high urban populations and growing popularity of electric vehicles.
Does ConsaInsights provide customized market report data for the electric skateboard industry?
Yes, ConsaInsights offers customized market report data tailored to the electric skateboard industry. Clients can obtain insights specific to their needs, ensuring comprehensive market understanding and strategic positioning.
What deliverables can I expect from this electric skateboard market research project?
Deliverables from the electric skateboard market research project may include detailed market analysis reports, growth forecasts, segment data, competitive landscape assessments, and regional insights to inform strategic business decisions.
What are the market trends of electric skateboards?
Current trends in the electric skateboard market include the rise in online sales, increasing focus on battery life and design, and growth in recreational usage. Companies are innovating to meet consumer expectations for performance and sustainability.