Global Skateboard Bearing Market Size By Material Type (Stainless Steel and Ceramic), By Distribution Channel (Specialist Retailers, Online (Internet Sale), Supermarkets/Hypermarkets), By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Skateboard Bearing Market Size And Forecast

Skateboard Bearing Market size was valued at USD 1,704.47 Million in 2022 and is projected to grow to USD 2,963.64 Million by 2030, growing at a CAGR of 7.20% from 2023 to 2030.

The rising popularity of extreme sports and skateboarding among adults as well as the rising demand for skating equipment among young people boosting the global skateboard bearing market. The Global Skateboard Bearing Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Skateboard Bearing Executive Summary

When it comes to skateboard bearings, you've basically got two choicessteel or ceramic. Most skateboards roll on ceramic or stainless steel bearings these days. What we're really talking about is the material of the little balls inside the bearing. Steel bearings are super common since, well, they're made with steel balls. With more adults getting into extreme sports and skateboarding, and more young people wanting skating gear, the skateboard bearing market is really taking off! A skateboard bearing? Simpleit's what lets your wheels spin! You'll find them in sports equipment, toys, you name it. More and more people are using stainless steel bearings now because they don't rust as easily. People are paying way more attention to how well their gear works and how long it lasts. And because you can get all sorts of bearings now, like ceramic and stainless steel ones, the whole skateboarding industry is growing fast!

On the basis of material type, Stainless steel accounted for the largest market share in the global market. Based on distribution channel, online channel accounted for the fastest growing segment in the Global skateboard bearing market. On the internet, skateboard bearings are employed for swift and effortless page navigation. Your surfing experience will have more slides the faster and smoother it is.

Global Skateboard Bearing Market Attractiveness Analysis

The Skateboard Bearing Market is really catching on in North America! Europe is already a big player, and get this, it's projected to grow the fastest until 2030. Here in North America, folks really care about performance and durability when it comes to their skate gear, which could mean more demand for those fancy ceramic and stainless steel bearings. But hey, there's also a market for basic steel bearings – perfect for beginners or anyone watching their wallet. If you're making or selling skateboard bearings, you gotta know what North American skaters want! That might mean teaming up with local shops to get your products out there and crafting marketing campaigns that really speak to the North American crowd.

Global Skateboard Bearing Market Outlook

E-commerce, which is really just buying and selling stuff online, is getting bigger all the time. It gives both buyers and sellers a ton of information, handy tools, and ways to do things online, like shopping from your phone and keeping your payment info safe. Remember how crazy things were during COVID? Well, a UNCTAD study from May 3rd showed that with everyone stuck at home, online sales jumped from 16% to 19% of all sales in 2020! Plus, more young people are getting into sports, which means more demand for sports gear. Skateboarding is becoming a big deal in lots of countries, so there's a bigger need for skateboards and related stuff. It's fun, and it's good exercise! Companies that make skateboard bearings are trying to grow by launching new products and joining forces with other companies. For example, SKF launched a new skateboard bearing in April 2022. What makes those SKF bearings last so long? It might be the special grease they use right from the start.

Hey, with young people getting more into sports, we're seeing a bigger need for all the gear that goes with it! Take skating, for example. It's blowing up in countries everywhere, and it's not just fun – it's good for you too, keeping you flexible and in shape. Events like the X Games and Street League are putting skateboarding in the spotlight, which means more people are buying skateboards. But, there's a catchthe prices of materials like skateboard bearings keep jumping around, which can slow things down for the market. Steel bearings are usually the go-to because they're affordable, but the quality of that steel can vary a lot. Spend more on premium bearings with better steel, and you'll get more speed and they'll last longer.

Global Skateboard Bearing MarketSegmentation Analysis

The Global Skateboard Bearing Market is segmented on the basis of Material Type, Distribution Channel, and Geography.

Skateboard Bearing Market, By Material Type

• Stainless Steel• Ceramic

To Get a Summarized Market Report By Material Type-

When we look at the market by Material Type, it breaks down into Stainless Steel and Ceramic. In 2021, stainless steel was the big winner, grabbing a whopping 55.30% of the market. And get this, it's expected to keep growing at a rate of 6.74% each year! Ceramic came in second. You know, stainless steel is pretty popular for skateboard bearings. They help your wheels spin like crazy because of those little steel balls inside the metal rings – the outer and inner races. The inner race goes on the axle, and the outer race sits inside the wheel. Skateboarders love them because they're tough and don't rust easily. Now, ceramic skateboard bearings are all about speed. Since ceramic is harder and smoother than steel, these bearings cut down on friction, which means you can go faster! Plus, they're more durable, need less upkeep, and don't rust as much as their steel cousins.

Skateboard Bearing Market, By Distribution Channel

• Specialist Retailers• Online (Internet Sale)• Supermarkets/Hypermarkets• Others

When it comes to where people buy skateboard bearings, it breaks down into a few key placesSpecialist Retailers, Online (Internet Sale), Supermarkets/Hypermarkets, and Others. In 2021, Specialist Retailers were the big dogs, grabbing a hefty 45.44% of the market share, and they're expected to keep growing at a rate of 7.42% annually! The Online (Internet Sale) channel came in second place. You know, specialist retailers are super important; they live and breathe skateboarding, selling everything from decks to, yep, skateboard bearings. Because they're experts, they can give awesome advice, which is a big plus for skateboarders who want the best. Then you've got Online (internet) sales – basically, buying stuff over the internet. Think websites, e-commerce stores, and apps. It's easy, you can find tons of stuff, and that's why it's booming, even for skateboard bearings! The online (internet) skateboard-bearing market is really taking off as skateboarding gets more popular and online shopping gets even easier.

Skateboard Bearing Market, By Geography

• North America• Europe• Asia Pacific• Latin America• Middle East & Africa

To Get a Summarized Market Report By Geography-

So, when we look at where skateboard bearings are selling best around the world, we break it down by regionNorth America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Right now, North America is leading the pack, grabbing a whopping 40.99% of the market in 2021. And get this, they're expected to keep growing at a rate of 7.07% each year! Europe comes in second, and skateboarding has really taken off there lately. It's become a big part of the sports scene, with tons of competitions and events happening. In the US, lots of cities are even building skateparks to support the sport. Plus, loads of people are just skateboarding for fun and exercise. Actually, according to the Physical Activity Council Participation Report in 2021, 53.9% of folks aged 6 and up in the U.S. were involved in outdoor sports in 2021 – that’s up from 48.8% in 2016!

Key Players

The major players in the market are; Spitfire Burner, Yellow Jacket, Bones, Heady Shake, Bronson Speed, Oust Bearing, Neal Precision, Zealous Bearings, SHAKEJUNT, among others. This section provides company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.

Company Market Ranking Analysis

Okay, so we dove into analyzing the leading companies in the Skateboard Bearing Market to really understand what makes them tick. Our company ranking isn't just pulled out of thin air; we consider a bunch of things. Right now, the top three players are Bones, NHS INC (Bronson Speed), and Yellow Jacket. We're looking at things like the company's brand value, what their product portfolio looks like (think product variations, specs, features, and price points), where they're doing business around the world, how well their products have been selling recently, and their slice of the overall revenue pie. Plus, we really dig into their product lineup, checking out the tech they use and any cool strategies they've implemented to grow, either globally or just in certain regions. And, of course, we check out their distribution network, both online and offline, to see how deeply rooted they are in different Skateboard Bearing Markets.

Company Regional/Industry Footprint

The company’s regional section provides geographical presence, regional level reach, or the respective company’s sales network presence. For instance, Bronson Speed has its presence globally i.e. in North America, Europe, Asia Pacific and RoW.Apart from this, the industrial footprint section provides a cross-analysis of industry verticals and market players that gives a clear picture of the company landscape concerning the industries they serve their products. For Skateboard Bearing Market, three industries have been considered, i.e., Sports, Apparel, and Others. For instance, Spitfire Burner. has a presence in all the above industries. All the companies considered for profiling are reviewed similarly in this section. These sections help us to understand the overall Skateboard Bearing Market presence on a global and country level.

Ace Matrix

This section of the report provides an overview of the company evaluation scenario in the Skateboard Bearing Market. The company evaluation has been carried out based on the outcomes of the qualitative and quantitative analyses of various factors such as product portfolios, technological innovations, market presence, revenues of companies, and the opinions of primary respondents.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2019-2030

BASE YEAR

2022

FORECAST PERIOD

2023-2030

HISTORICAL PERIOD

2019-2021

UNIT

Value (USD Million)

KEY COMPANIES PROFILED

Spitfire Burner, Yellow Jacket, Bones, Heady Shake, Bronson Speed, Oust Bearing, Neal Precision, Zealous Bearings, & SHAKEJUNT

SEGMENTS COVERED

Material Type, Distribution Channel, and Geography.

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