Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Street Skateboards Accessories Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Street
Skateboards Accessories Market. The research
also emphasizes on the impact of restraints, drivers, and macro indicators on
the regional and global Street Skateboards Accessories Market over the short as well as long period of time. A detailed
presentation of forecast, trends, and dollar values of global Street
Skateboards Accessories Market is offered. In
accordance with the report, the global Street Skateboards Accessories Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
Street
Skating is a skating subject that concentrates on flat-ground aerials, slides,
grinds, and tricks in public spaces and urban environment. Street furniture,
picnic tables, park benches, bins, flower beds, walls, stairs, and handrails
are some of the obstacles that are used by the players to bring variation and
complexity in street skateboard. The accessories used by the players while
skating that betters their performance and keep track of the safety concerns
are street skateboard accessories.
Market Drivers
The
initial impetus to the street skateboard accessories market is provided by the
engagement of a significant section of the population is skating. The soaring
cases of accidents suffered by street skateboard drivers is positively
influencing the street skateboard accessories market. Certain research has
shown that skateboard continues to be a fun sports activity to a significant
ratio of the population which is expected to propel the growth of the street
skateboard activities.
Rising
health awareness among consumers is indirectly fueling the growth of this
market. It not only keeps the player’s body flexible but also improves
coordination capabilities. It is a great sort of workout that gets the blood
pumped properly and increase the heart rate up thereby improvising
cardiovascular health. Also, with the advent of technology, people’s life has
been centered around work in front of laptops and desktop devices and mobiles.
Skating is a good break to avoid the negativity posed by this stress which is indirectly
bolstering the street skateboard accessories market.
The
skyrocketing events of game competition like Street Leagues and X Games are
resulting in the increased involvement in skating activities. The cut-throat
competition prevailing in these games calls for proper safety and gaming
accessories thereby driving the street skateboard accessories market. International
level skating competitions like World Skate Championship are tremendously
competitive events that require proper following of regulations and gaming
safety which is augmenting the growth of the street skateboard accessories
market.
Market Restraints
The
utilization of scooters is gaining momentum among the youth population. This is
leading them to sway away from the employment of skateboards and involvement in
skating activities. This is negatively affecting the market for street
skateboard accessories.
The
skyrocketing incidences of death tolls resulting from street skating is
reducing the involvement in skating activities and hampering the street
skateboard accessories market.
Opportunities
The
rising health awareness among the consumers are expected to increase their
dependence on outdoor activities especially those activities that require
vigorous human body movement and is likely to provide lucrative opportunities
to the street skateboard accessories activities.
The
penetration of internet and social media platforms is expected to showcase
street skating activities and talent like any other aptitudes and talents that
is expected to initiate a craze for skating and will be a good scope for the
street skateboard accessories market.
Trends
At
present North America dominates the market for street board accessories. It is
projected that North America will continue its domination in the forecast
period. This progress can be traced back to the increasing initiatives among
the organizers of spot activities. For Example, the qualifying events of
various skateboard championships and competitions are being hosted in Canada.
Asia Pacific is estimated to be the fastest growing region in this market in
the forecast period accounting an approximate CAGR of 5.1%. This is because of
the events of varieties of skateboard competition including Skate Malaysia, the
31st Annual Skate Japan, Skate Philippines Summer Championship, and
the inclusion of skateboard activities in various competition like Tokyo Summer
Olympics. Globally, this market is expected to grow at a CAGR of 3.2% in the
forecast period.
Segment Covered:
This market
intelligence report on the global Street Skateboards Accessories Market encompasses market segments based on product type, process,
distributional Channel and country.
By Product
Type the global Street Skateboards Accessories Market has been divided into:
q Shoes
q Apparels
q Decks
By Process the global Street Skateboards
Accessories Market has been divided into:
q Direct
Selling
q Fund
Raising Sales
By Distributional
Channel the global Street Skateboards Accessories Market has been divided into:
q Offline
q Online
By country/region,
the global Street Skateboards Accessories Market has been divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q Element
Skateboard
q Sector
9
q Skate
one
q Zero
Skateboards
q Almost
Skateboards
q Plan B
Skateboards
q Nike,
Inc
q Adidas
AG
q Santa
Cruz Skateboards
q Absolute
Board Co.
q Inboard
Technology
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Street Skateboards Accessories Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
Element Skateboards
In October 2020,
a variety of apparel and skateboards, grip tape and wheels that are themed on
Ghostbusters was launched by Element Skateboards in collaboration with Sony
Pictures.
Inboard Technology
In November
2019, Inboard technology was working on liquidating its enterprise by selling
off its assets and intellectual properties. It is Santa Cruz based start-up
company for the production of electric skateboards.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Street
Skateboards Accessories Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Street Skateboards Accessories Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Street Skateboards Accessories caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Street
Skateboards Accessories Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Street Skateboards Accessories Market
v
Identification
of key factors driving investment opportunities in the Street
Skateboards Accessories Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants