Global Electric Skateboard Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Electric Skateboard Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

An electric skateboard is a personal transporter based on a skateboard. The speed is usually controlled by a wireless hand-held throttle remote or rider body weight-shifting between front of the board for forward motion and rear for braking. As for the direction of travel to the right or left, it is adjusted by tilting the board to one side or the other. The classification of electric skateboards and legality of their use on roads or pavements varies between countries.

Market Overview:

The latest research study on the global Electric Skateboard market finds that the global Electric Skateboard market reached a value of USD 309.25 million in 2022. It’s expected that the market will achieve USD 494.45 million by 2028, exhibiting a CAGR of 8.14% during the forecast period.

The industrial chain is affected

The COVID-19 outbreak has disrupted business and economic activities globally. It is expected to have a short-term impact on the Electric Skateboard market to a certain extent. With several countries across the globe announcing nationwide lockdowns and temporary closures of various industries, production and manufacturing have been severely affected. Stopping production not only aggravates the shortage of funds for small and medium-sized enterprises, but also reduces the solvency of enterprises, which may affect production and sales. Some enterprises have difficulties in operation and even go bankrupt. The epidemic situation has seriously affected the logistics and transportation, and the transportation of raw materials is difficult. The industrial chain of small and medium-sized enterprises is imperfect and fragile. Trade barriers have further impacted the demand-supply gap. Companies operating in the Electric Skateboard market have suspended non-essential visits/activities until the COVID-19 outbreak is resolved.

SMEs face challenges

Pneumonia epidemic in COVID-19 has a great impact on the after-sales operation of Electric Skateboard industry, especially on small and medium-sized enterprises. Stopping production not only aggravates the shortage of funds for small and medium-sized enterprises, but also reduces the solvency of enterprises, which may affect production and sales. Some enterprises have difficulties in operation and even go bankrupt. The epidemic situation has seriously affected the logistics and transportation, and the transportation of raw materials is difficult. The industrial chain of small and medium-sized enterprises is imperfect and fragile.

Product upgrade acceleration

Many players are investing in R&D to come up with lighter, cheaper, and more advanced motorized skateboards. Technological advancement by global leaders is expected to have a positive impact on the electric skateboard market.
Connected features in electric skateboards, such as infrared connections, Wi-Fi, and Bluetooth, are gaining momentum in the global market.
Progressions in technology are resulting in the development of innovative and AI featured electric skateboard. It offers greater control over speed together with accurate handling for riders with more efficiency in less time.

Relatively expensive

Higher initial costs as well as low popularity of motorized skateboards in underdeveloped regions are expected to restrict the market growth. The conventional skateboards at available at affordable prices in the market as compared to electric skateboards. Moreover, there is an additional high cost associated with the use of advanced technology in electric skateboard motors.

Lack of relevant legislation

Lack of electric skateboard laws can negatively impact the growth of the electric skateboard market. The issues that legislative bodies are confronting are the product's uncertainty and the absence of data concerning these vehicles usage. Only a few countries legally allow electric skateboards in the form of roads. If the corresponding regulations are not promulgated, it may cause traffic accidents.

Region Overview:

North America is projected to account for a considerable share of the Electric Skateboard market and is expected to become the largest region by 2027.

Company Overview:

Boosted Boards is one of the major players operating in the Electric Skateboard market, holding a share of 17.35% in 2022.

Boosted Boards

Boosted was an American manufacturer of electric skateboards and electric scooters based in Mountain View, California.

Evolve Skateboards

Evolve Skateboard is a company that manufactures electric skateboards and also provides accessories. The company has more than 15 awards and now serves more than 40 countries through service centers and distributors.

Segmentation Overview:

By type, Bamboo deck segment accounted for the largest share of market in 2021.

Application Overview:

The market's largest segment by application is the segment Adult, with a market share of 70.33% in 2021.

Key Companies in the global Electric Skateboard market covered in Chapter 3:

Mellow Boards
Yuneec
Swagtron
JOINTECH
FiiK
Onewheel
Summerboard
Acton Global
Metroboard
Bolt Motion
Elwing Boards
Boosted Boards
Backfire Board
I-Wonder power
Evolve Skateboards
StrailBoard

In Chapter 4 and Chapter 14.2, on the basis of types, the Electric Skateboard market from 2018 to 2029 is primarily split into:

Carbon Fiber Composite Deck
Bamboo Deck
Maple Deck

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electric Skateboard market from 2018 to 2029 covers:

Children
Adult

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)