Street Skateboards Accessories Market Growth & Trends [2032]

Report Description

Street Skateboards Accessories Market Outlook 2032

The global street skateboards accessories market size was USD 249.6 Milllion in 2023 and is likely to reach USD 344.9 Million by 2032, expanding at a CAGR of 3.8% during 2024–2032. The market growth is attributed to the increasing outdoor sports activities and rising inclination toward fitness among individuals globally.

Growing demand for eco-friendly skateboarding accessories made from recycled materials is anticipated to significantly boosting the street skateboards accessories market. Increasing urbanization around the world surges the interest in urban sports, such as skateboarding, which boosts the demand for related accessories.

• According to the report published on November 7, 2023, it is stated that the popularity of skateboarding in the United States reached its peak in 2020 and 2021 with almost 8.8 million individuals above the age of six participating annually.

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Major skateboarding events, competitions, and tournaments held globally fuels the street skateboards accessories demand. Increasing use of advanced materials in street skateboards accessories in advanced composites, high-performance alloys, and innovative manufacturing techniques enhance the overall quality and durability of the products.

The market report finds that the COVID-19 pandemic hampered the market. Lockdowns, restrictions, and safety protocols disrupted the global supply chain for street skateboard accessories. Manufacturing facilities faced closures or functioned at reduced capacity which led to delays in production and distribution.

Impact of Artificial Intelligence (AI) on the Street Skateboards Accessories Market

Artificial Intelligence (AI) is expected to boost the revenue of the market players present in the street skateboards accessories market. This technology analyzes user preferences, trends, and performance data to inform the design process. This led to the formation of customized accessories that cater to specific user needs and preferences. AI-driven predictive analytics enhance inventory management by predicting demand, reducing excess stock, and minimizing stockouts. This optimization ensures that accessories are available when and where they are needed.

Street Skateboards Accessories Market Dynamics

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Major Drivers

Increasing popularity of skateboarding as a sport drives the market. The recognition of skateboarding as an Olympic sport has elevated its status on a global scale. The proliferation of professional skateboarding competitions at local and international levels created a platform for skilled skateboarders to showcase their talent. These events draw attention to the sport and boost its popularity, thereby fueling the demand for high-quality accessories.

Existing Restraints

Rising safety concerns and regulations hamper the market. Governments and regulatory bodies impose strict safety standards on skateboard accessories, especially for protective gear, such as helmets, knee pads, and elbow pads. Compliance with these regulations increases production costs for manufacturers, as they invest in designing and producing accessories that meet safety standards.

Emerging Opportunities

Innovation in design and technology creates lucrative opportunities for the market players. Innovations in materials, including high-performance composites, carbon fiber, or lightweight alloys, lead to the development of accessories durability and enhanced performance. Continuous innovation in safety features, such as impact-resistant materials, shock-absorbing technology, and improved ventilation in helmets, attract safety-conscious consumers, and address regulatory requirements. Moreover, manufacturers are newly introducing an improved variety of skateboard accessories which further boosts the market growth.

• In November 2023, Independent Truck, a company that manufactures skateboards and accessories, launched a new collection of helmets and pads in collaboration with 187 Killer Pads and Triple Eight. To promote the new collection, the company released a skate session video featuring Bryce Wettstein, Tom Schaar, Liam Pace, Reese Nelson, and a follow-cam from Chris Gregson on Tony Hawk's ramp.

Scope of the Street Skateboards Accessories Market Report

The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Market Segment Insights

Product Analysis

Based on product, the street skateboards accessories market is divided into decks, shoes, and apparel. The deck segment is expected to hold a dominant share of the market during the projection period, due to the rising demand for customization and personalization products.

Decks serve as the foundational element of a skateboard, forming the main platform on which riders stand and play a pivotal role in the entire skateboarding experience. It offers significant opportunities for customization and personalization, as skateboarders often seek unique designs, graphics, and shapes that drive a demand for diverse and customizable deck options. For instance,

• In June 2022, Santa Cruz Skateboards announced its highly anticipated collaboration called STRANGER THINGS x SANTA CRUZ collection. This distinctive collection encompasses a wide array of offerings including reissues, cruisers, decks, and completes.

The apparel segment is expected to expand at a significant growth rate, due to the rising focus on style & fashion and its use for branding purposes. Skateboarding has strong ties to individual expression and style.

Apparel including clothing items such as t-shirts, hoodies, pants, and hats allows skateboarders to showcase their unique fashion preferences while riding. Additionally, skateboard apparel prominently features logos and graphics from popular skateboard brands. The visibility of these brands on clothing contributes to brand recognition and loyalty within the skateboarding community.

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Process Analysis

On the basis of process, the global market is bifurcated into direct selling and fund-raising sales. The direct selling segment is projected to register a high CAGR during the forecast period, as it offers brand engagement and exclusive promotions.

Direct selling allows brands to directly engage with consumers by providing them with detailed information about the features and benefits of street skateboards accessories. This personalized interaction enhances consumer understanding and brand loyalty. Direct selling is a platform for brands to provide exclusive promotions, discounts, and bundled deals directly to consumers. This increases their popularity and thus the market.

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Distribution Channel Analysis

On the basis of distribution channel, the street skateboards accessories market is segmented into offline and online. The offline segment is anticipated to register a robust pace during the forecast period, as it provides personalized customer assistance.

Offline stores provide customers with the opportunity to physically interact with the products by assessing their quality, design, and functionality in person. Offline retail allows for personalized customer assistance. Skilled staff in skateboard shops provide expert advice on choosing the right accessories by addressing individual preferences, skill levels, and riding styles.

The online segment is anticipated to expand at a significant pace in the market, as it offers extensive product variety and easy availability of product information. Online retailers showcase a wide variety of street skateboards accessories, providing consumers with an extensive range of options. This variety allows customers to explore different brands, styles, and designs from the comfort of their homes.

Online platforms offer detailed product information, specifications, and customer reviews. This helps shoppers to make informed decisions based on the feedback of others which enhances the online shopping experience.

Regional Outlook

In terms of region, the global street skateboards accessories market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period, due to the established skateboarding culture and the presence of major skateboarding brands.

North America has a well-established and deeply rooted skateboarding culture. The region is an innovator in the development and popularization of street skateboarding, creating a strong demand for associated accessories. Many leading street skateboard accessories brands and manufacturers are based in North America. Their presence boosts the popularity of these accessories, as consumers often prefer products from well-known and trusted local companies. For instance,

• As per the recent data published in November 2023, In the preceding years of 2020, the number of skateboarders in the United States had remained stagnant at around 6.4 million.

The market in Asia Pacific is projected to grow rapidly during the forecast period, owing to the rising popularity of skateboarding and the growing number of skateboard activities among youth. Skateboarding is gaining immense popularity in Asia Pacific, driven by the sport's presence in major international competitions and the rising global skateboarding culture. Increasing number of skateboarding enthusiasts contributes to the growing demand for street skateboards accessories.

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