The Latest Skateboard Industry Statistics Explained
Over 6.44 million participants in skateboarding in the United States in 2018.
The statistic “Over 6.44 million participants in skateboarding in the United States in 2018” represents the estimated number of individuals who actively participated in skateboarding activities in the United States during the year 2018. This figure underscores the significant popularity and widespread engagement in skateboarding as a recreational and competitive sport within the country. The high number of participants suggests a thriving skateboarding community that includes individuals of various ages and skill levels, contributing to the cultural and economic impact of the sport. This statistic serves as an important metric in understanding the demographic reach and influence of skateboarding within the United States.
The global skateboard market size was valued at USD 52.1 million in 2018.
The statistic “The global skateboard market size was valued at USD 52.1 million in 2018” represents the total financial value of all skateboards sold worldwide in the year 2018. This figure reflects the combined sales revenues generated by the production and distribution of skateboards across various regions and markets. It indicates the economic significance of the skateboarding industry and its contribution to the global economy. Understanding the market size provides insights into consumer demand, industry trends, and potential growth opportunities for businesses operating within the skateboard market.
The market is expected to grow at a compound annual growth rate (CAGR) of 3.1% from 2019 to 2025.
This statistic indicates that the market is projected to experience steady growth over the period from 2019 to 2025, with a compound annual growth rate (CAGR) of 3.1%. The CAGR represents the average annual growth rate of the market over the specified time frame, taking into account the compounding effect of growth. In this case, a CAGR of 3.1% suggests that the market is anticipated to increase by this percentage each year on average. This information is useful for investors, businesses, and policymakers to understand the expected trajectory of the market and make informed decisions based on the projected growth rates.
North America held the largest market share in 2018, with over 35% of the total revenue.
The statistic that North America held the largest market share in 2018, with over 35% of the total revenue, indicates that North America was the dominant region in terms of generating revenue within a specific market or industry during that year. This suggests that companies operating in North America were able to capture a significant portion of the market, outperforming other regions in terms of sales and profitability. The high market share could be attributed to various factors such as a strong economy, robust infrastructure, consumer demand, and effective marketing strategies in the region. Overall, this statistic highlights the importance of North America as a key market for businesses and the significant opportunities for growth and success in the region.
Skateboarding equipment market size worldwide is projected to grow to over $5.47 billion by 2025.
The statistic indicates that the global market for skateboarding equipment is expected to expand significantly in the coming years, with a projected growth to surpass $5.47 billion by the year 2025. This growth forecast suggests a promising future for the skateboarding industry, fueled by factors such as increasing popularity of the sport, evolving trends in fashion and street culture, and the growing interest in sporting activities among youth and young adults. The projected market expansion reflects the market’s potential for innovation, technological advancements, and increased consumer demand for high-quality and specialized skateboarding gear, including skateboards, protective gear, footwear, and apparel. Overall, this statistic suggests a positive outlook for the skateboarding equipment market and opportunities for businesses operating within this sector to capitalize on this growth trend.
Approximately 16% of skateboarders in the U.S. in 2016 were female.
The statistic “Approximately 16% of skateboarders in the U.S. in 2016 were female” suggests that out of the total population of skateboarders in the United States in 2016, around 16% were women or girls. This information sheds light on the gender distribution within the skateboarding community during that year, indicating that males made up the majority of participants. Understanding this statistic can be useful for evaluating gender disparities in skateboarding participation, identifying potential areas for promoting inclusivity and diversity within the sport, and highlighting the need for targeted initiatives to encourage more women to engage in skateboarding.
In 2017, 45.2% of thrill-seekers who had participated in skateboarding were aged 18 to 28.
The statistic “In 2017, 45.2% of thrill-seekers who had participated in skateboarding were aged 18 to 28” indicates that nearly half of the individuals who identified themselves as thrill-seekers and engaged in skateboarding activities in 2017 fell within the 18 to 28 age range. This suggests that skateboarding may be a particularly popular activity among young adults seeking excitement and adrenaline. Understanding the demographic composition of skateboarding enthusiasts can be valuable for businesses and organizations looking to target this specific age group for marketing purposes or to tailor products and services to meet the preferences and needs of this demographic segment.
Skateboarding will be included in the Olympics for the first time in the 2021 Tokyo Summer Olympics.
The statistic that “Skateboarding will be included in the Olympics for the first time in the 2021 Tokyo Summer Olympics” refers to the historic decision made by the International Olympic Committee to introduce skateboarding as a competitive sport in the upcoming Olympic Games. This addition signifies a significant milestone for the sport of skateboarding, as it will be included alongside traditional Olympic sports, showcasing its growing popularity and acceptance on a global stage. The inclusion of skateboarding in the Olympics not only provides recognition for the skills and athleticism of skateboarders, but also opens up new opportunities for athletes in the sport to compete at a prestigious international level and inspire a new generation of skateboarders worldwide.
The skateboarding equipment market in the United States was forecasted to reach around 141 million U.S. dollars in 2020.
The statistic indicates that the total market value of skateboarding equipment in the United States was predicted to grow to approximately $141 million in the year 2020. This forecast suggests an upward trend in the demand and consumption of skateboarding gear within the U.S. market, likely influenced by factors such as increasing popularity of skateboarding as a recreational and sporting activity, advancements in technology and design of skateboarding equipment, and potentially changes in consumer preferences or demographics. This figure provides valuable insight for industry stakeholders, including manufacturers, retailers, and investors, to understand the market size and trajectory for skateboarding equipment in the U.S. and make informed decisions regarding production, marketing, and investment strategies.
The annual injury rate for skateboarding is 8.9 injuries per 1,000 participants.
The annual injury rate for skateboarding, which stands at 8.9 injuries per 1,000 participants, indicates the frequency at which injuries occur among individuals engaging in skateboarding activities over a year. This statistic is calculated by dividing the total number of injuries reported by participants by the total number of participants involved in skateboarding. A rate of 8.9 injuries per 1,000 participants suggests that for every 1,000 individuals taking part in skateboarding, roughly 8.9 of them are likely to sustain an injury within a year. This figure provides valuable insight into the risk of injury associated with skateboarding and can help inform safety measures and interventions to reduce the incidence of injuries in this sport.
It’s predicted that the international market for electric skateboards will grow 6.1% annually until 2023.
The statistic suggests that the global market for electric skateboards is projected to experience an annual growth rate of 6.1% until the year 2023. This prediction indicates a positive trend in the demand for electric skateboards worldwide, with an expected increase in sales and market size over the specified timeframe. Factors driving this growth could include rising interest in sustainable transportation options, technological advancements in electric skateboard designs, and changing consumer preferences towards eco-friendly and innovative modes of personal transportation. Businesses operating in the electric skateboard industry may consider this forecast when making strategic decisions and investments to capitalize on the anticipated market growth in the coming years.
In 2016, total skateboarding injuries in the United States reached over 125,000 cases.
The statistic that in 2016, total skateboarding injuries in the United States surpassed 125,000 cases signifies a significant public health concern regarding the safety and well-being of individuals engaging in skateboarding activities. This high number of injuries highlights the potential risks associated with this recreational activity and raises important questions about injury prevention strategies, safety regulations, and the need for increased awareness and education around skateboarding safety. Understanding and addressing the factors contributing to these injuries is crucial for mitigating risks and promoting a safer environment for skateboarders of all ages.
Southern California is considered the hub for the skateboarding industry, where most major brands are headquartered.
The statistic that Southern California is considered the hub for the skateboarding industry, where most major brands are headquartered, indicates a strong concentration of key players in the skateboarding industry within this region. This implies that Southern California plays a central role in shaping the trends, innovations, and overall landscape of the skateboarding market globally. The clustering of major brands in one location can foster collaboration, competition, and knowledge spillovers within the industry, potentially driving further growth and development. Additionally, the geographical proximity of these brands may facilitate easier access to shared resources, such as skilled labor, suppliers, and distribution networks, which can collectively contribute to the region’s reputation as a leading hub for the skateboarding industry.
References
0. – https://www.blog.marketresearch.com
1. – https://www.www.ncbi.nlm.nih.gov
2. – https://www.olympics.com
3. – https://www.pubmed.ncbi.nlm.nih.gov
4. – https://www.www.statista.com
5. – https://www.www.grandviewresearch.com
6. – https://www.www.360researchreports.com
