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.

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.

It seems like more and more Americans are dealing with tough health issues like neurological disorders, autoimmune diseases, and cancers. And diabetes? It's affecting a lot of us. Even our kids are battling type 1 diabetes. The Centers for Disease Control and Prevention's National Diabetes Statistics Report, 2019 says that around 11.3% of the U.S. population – a whopping 37.3 million people – have diabetes. Plus, another 96 million adults over 18 have prediabetes. Because of all this, it's no wonder activities like skateboarding are becoming more popular around the world!

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.

The Global Skateboard Wheels Market is revving up! Think about itmore folks in Asia-Pacific are getting into skateboarding because they're digging western sports. Plus, the tech behind the wheels and how they're made is getting seriously cool, paving the way for growth. But hold on a sec. Skateboarding, let's face it, isn't exactly risk-free. One study showed it's responsible for a couple of percentage points of all sports injuries. So, potential injuries, wild swings in raw material costs, and those ever-changing import fees could pump the brakes on the market's expansion down the road.

Global Skateboard Wheels MarketSegmentation Analysis

The Global Skateboard Wheels Market is segmented based on Product, Application, and Geography.

Skateboard Wheels Market, By Product

• PVC• PU

So, when it comes to the type of material used, the skateboard wheel market is divided into PVC and PU. And guess what? In 2021, PU, or Polyurethane, was the star of the show, grabbing the biggest piece of the pie! It's a super popular choice for skateboard wheels because it's just so good at what it does. Compared to PVC, PU brings a lot to the table. For example, it's incredibly tough and can handle some serious heat without breaking down. Plus, it stays nice and flexible, even when it's freezing cold outside. Oh, and another thing? PU wheels are way quieter than those noisy metal ones made of steel or cast iron. That's why everyone's wanting PU for their skateboard wheels these days!

Skateboard Wheels Market, By Application

• Supermarket• Specialist Retailers• Internet Sales• Others

So, when it comes to where people buy skateboards, you've got your usual suspectsSupermarkets, Specialist Retailers, Internet Sales, and, well, everything else. Back in 2021, the Specialist Retailers were really calling the shots, grabbing the biggest slice of the pie. Why? Well, a lot of skateboarders like to get their boards in person from those specialty stores. These shops are staffed with people who really know their stuff. Plus, if you're just starting out, all the different types of boards and wheels can be overwhelming, so it's helpful to get advice from an expert. But hey, Internet Sales are definitely on the rise! You can find sweet deals, discounts, and tons of ways to pay. And with more and more people getting online, it's no wonder internet sales are booming!

Skateboard Wheels Market, By Geography

• North America• Europe• Asia Pacific• Rest of the World

So, when we look at the Global Skateboard Wheels Market by region, we see it's broken down into North America, Europe, Asia Pacific, and basically everywhere else. Right now, North America is really leading the pack. Why? Well, they make a ton of skateboards and all the cool stuff that goes with them. Plus, more and more people are getting into skateboarding – whether it's just for fun, as a way to get outside, or even as a serious hobby. That's really helping the market grow in North America. And let's not forget all the awesome skateboard competitions happening across the United States, like Tampa Pro, The Boardr Am Series, Red Bull Solus, Battle at the Berrics, and Damn Am, to name a few! They're definitely adding fuel to the fire and making the Skateboard Wheels Market even bigger in the US 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

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