Global Street Skateboards Accessories Market Overview
Street Skateboards Accessories Market Size was estimated at 10.71 (USD Billion) in 2022. The Street Skateboards Accessories Market Industry is expected to grow from 11.15(USD Billion) in 2023 to 16.0 (USD Billion) by 2032. The Street Skateboards Accessories Market CAGR (growth rate) is expected to be around 4.09% during the forecast period (2024 - 2032).
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Street Skateboards Accessories Market Trends Highlighted
The street skateboards accessories market is experiencing significant growth driven by the increasing popularity of skateboarding as a recreational activity and the growing number of skateparks around the world. Accessories such as helmets, knee pads, and elbow pads are essential for safety and are becoming increasingly sophisticated and stylish. Additionally, the market is benefiting from the rise of electric skateboards, which require specialized accessories such as batteries and chargers.Key market opportunities to explore include the development of innovative safety gear that incorporates new materials and technologies. For example, helmets with built-in cameras or knee pads with integrated sensors could enhance the user experience and appeal to tech-savvy consumers. Another growth area is the customization of accessories, allowing skaters to personalize their equipment with unique designs and colors.Recent trends in the street skateboards accessories market include a shift towards sustainable and eco-friendly products. Manufacturers are using recycled materials and biodegradable packaging to reduce their environmental impact. Additionally, there is a growing demand for accessories that are compatible with multiple types of skateboards, including electric and traditional models.
Street Skateboards Accessories Market Drivers
- Rising Popularity of Skateboarding
The growing demand for skateboard accessories has prompted many brands to launch innovative products catering to the different needs and tastes of end-users. Well-known companies operating in the skateboard accessories business are constantly releasing new models of helmets, shoes, knee pads, elbow shields, spine guards, and gloves, as well as other accessories. These items are becoming more affordable, user-friendly, and versatile with the emergence of innovative models and technologies.Moreover, all these accessories are available in stores and sports centers. In addition to this, customers have the opportunity to buy the things they need online.
- Growing Awareness of Safety Regulations
A greater emphasis is placed on safety regulations and requirements implemented in skateboarding. It is obvious that most governments and skateboarding organizations across the globe do not want skateboarders to expose themselves to even the smallest risks of injuries. Correspondingly, safety has turned into a popular and in-demand trend, with a growing number of customers willing to purchase helmets, pads, and other supporting equipment that meets the required standards.At the same time, the rising demand for skateboarding protective gear and clothing is directly linked to the opposite trend. In other words, the clear consciousness among skateboarders is that they should protect themselves from any potential injury.
- Technological Advancements and Innovation
Technological development constantly progressing in the balls of materials and manufacturing allowed for the emergence of the novel and the most technologically advanced street skateboard protective gear. As a direct response to technological development, lightweight and extremely durable as well as resourceful in terms of ventilation, helmets, pads, and other gear have been developed. The use of new types of shock-absorbing materials and advanced ventilation systems increasing the effectiveness of the gear produced a paradigm shift in this market, and caused a drastic increase in this market in recent years.
Street Skateboards Accessories Market Segment Insights
Street Skateboards Accessories Market Type Insights
The segmenting of the Market Type of the Street Skateboards Accessories Market is such that it includes grip tape, trucks, bearings, wheels, hardware, and protection gear, the cleaning and maintenance accessories. Every segment is of importance for enhancing the performance and the level of safety of street skateboards. Grip tape is put on the top of the skateboard deck for the skateboarder to get a grip while performing tricks and maneuvers. It is estimated that the revenue of the grip tape will approach USD 1.2 billion by 2024. The growing popularity of skateboarding and the need for good grip tape account for this significant increase in the segment.Trucks are the metal parts that connect the wheels to the skateboard deck. This segment will see sustainable growth in the near future because of the increasing demand for durable and light trucks, which can lead to more enjoyable skateboarding. It is expected that by 2024, the global demand in this segment will have approached USD 1.8 billion. Bearings that are built into the wheels of any vehicle provide them with low friction for the means of their smooth rolling. The bearings’ performance is not always high enough, so the market is expected to have reached USD 600 million by 2024 in order to satisfy the growing demands of skateboarders.Wheels are made of various materials and are of different sizes to provide traction and control. Till 2024 it is anticipated that the size of the segment will have reached USD 2.5 billion under the impact of the growing popularity of skateboarding and the growing demand for wheels of non-standard materials that can completely satisfy the needs of the skateboarder. Hardware, which includes bolts, nuts, and setscrews for assembling skateboards as for any otherized product, is expected to reach USD 400 million by 2024. Protection gear includes helmets, knee, and elbow pads to provide the minimum protection to the skateboarder.Those who want to avoid repeated falling soon after they have just learned how to stand on the skateboard can also take it. The existence of special protection gear can decrease the amount of injuries typical for skateboarding. The revenue of this type of sports equipment is expected to have approached USD 1.5 billion by 2024 because of increasing safety awareness and governmental acts such as the decrease of the speed limit for skaters or the promotion of sport gear. These protective measures are taken because, in case of an accident, the skateboarders appear to be the most vulnerable part.Cleaning and maintenance accessories influence the durability and performance level of the skateboard. The market in the segment will approach USD 300 million by 2024 because they need to be maintained if the skateboard is going to perform smoothly and properly.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Street Skateboards Accessories Market Material Insights
The Global Street Skateboard Accessories Market segmentation by Material includes Wood, Plastic, Metal, Polyurethane, Rubber, and Nylon. The market was dominated by the Wood segment which generated revenue of around $ 1900 million by value and more than 30% of global revenue, which is mainly as a result of its use for skateboard decks. The Plastic segment is expected to be the fastest-growing over the next decade, as it is a lightweight and durable material for creating trucks of skateboard. Th Metal segment could also register a significant CAGR, as it is becoming increasingly popular with professional skateboarders both in terms of decks and trucks.The Polyurethane segment is also expected to remain significant. It is a shock-absorbing material for wheels and bushes, which can be used as a whole deck of the skateboard. The Rubber and Nylon segments will also have stable values, as rubber is used for grip tape and is added to the wheels and axles of the skateboard due to its ability to damp sounds and vibrations from the surface, so nylons create high-quality skateboard parts
Street Skateboards Accessories Market Distribution Channel Insights
The distribution channel segment plays a crucial role in the success of the Street Skateboards Accessories Market. In 2023, the online segment held a significant market share of 35%, primarily driven by the growing popularity of e-commerce platforms and the convenience they offer. Online retailers like Amazon and specialized skateboarding e-stores provide a wide selection of accessories, competitive pricing, and doorstep delivery. Offline channels, including retail stores, skate shops, and sporting goods stores, collectively accounted for 65% of the market share in 2023.Retail stores offer a physical shopping experience, allowing customers to examine products firsthand and seek expert advice. Skate shops cater specifically to skateboarding enthusiasts, providing a curated selection of accessories that align with their unique needs. Sporting goods stores also contribute to the offline market, offering a broader range of sports-related products, including skateboarding accessories. The Street Skateboards Accessories Market is projected to grow steadily in the coming years, with the online segment expected to maintain its dominance.By 2028, the online segment is forecast to reach a market valuation of USD 6.9 billion, capturing a market share of approximately 40%. The offline segment is also anticipated to experience growth, albeit at a slower pace, reaching a market value of USD 10.2 billion by 2028. The increasing popularity of skateboarding, coupled with the expansion of distribution channels, is expected to drive overall market growth in the years to come.
Street Skateboards Accessories Market Price Range Insights
The Street Skateboards Accessories Market is segmented by price range into low-end, mid-range, high-end, and premium. The mid-range segment is expected to account for the largest share of the market in 2023, with a market value of USD 4.55 billion. The high-end segment is projected to experience the fastest growth during the forecast period, with a CAGR of 5.0%. The increasing popularity of skateboarding as a recreational activity is driving the growth of the street skateboards accessories market. Skateboarding is becoming increasingly popular among young people, and this is leading to an increased demand for skateboards and accessories.The growing popularity of skateboarding competitions is also contributing to the growth of the market. The different price ranges cater to different consumer segments. The low-end segment targets budget-conscious consumers, while the high-end and premium segments target consumers who are willing to pay more for quality and performance. The mid-range segment offers a balance of price and quality, and this is why it is the most popular segment. The key players in the street skateboards accessories market include Powell Peralta, Bones Bearings, Independent Trucks, and Spitfire Wheels.These companies offer a wide range of products, including skateboards, wheels, trucks, bearings, and other accessories.
Street Skateboards Accessories Market Regional Insights
The Street Skateboards Accessories Market is segmented into North America, Europe, APAC, South America, and MEA. North America is expected to hold the largest market share in 2023, followed by Europe. APAC is expected to grow at the highest CAGR during the forecast period. The growth in the North American market is primarily attributed to the increasing popularity of skateboarding as a recreational activity, the presence of a large number of skateboarding parks and facilities, and the high disposable income of consumers. The European market is also expected to witness significant growth, owing to the rising popularity of skateboarding among the younger population and the increasing number of skateboarding competitions and events.The APAC market is expected to grow at the highest CAGR during the forecast period, driven by the growing popularity of skateboarding in countries such as China, India, and Japan. The increasing number of skateboarding parks and facilities in these countries is also expected to contribute to the growth of the market. The South American and MEA markets are expected to witness moderate growth due to the lower penetration of skateboarding as a recreational activity in these regions. However, the increasing number of skateboarding competitions and events in these regions is expected to drive growth in the market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Street Skateboards Accessories Market Key Players And Competitive Insights:
The most prominent competitors in the Street Skateboards Accessories Market are doing their best to develop innovative products and expand their market presence. The most successful and influential companies, like Globe International, Activision, Sector 9, and NHS, Inc., consider producing new designs, materials, and accessories to satisfy a growing number of street skateboarders. The emergence and development of partnerships and acquisitions are becoming more and more common. For example, Santa Cruz Skateboards is proud to introduce a new range of skateboards produced in collaboration with Rip Curl. The most important players in the Street Skateboards Accessories Market industry closely follow and analyze the major market trends, conduct immense research and development, and invest in the most advanced technology. Leading Street Skateboards Accessories Market players also consider sponsoring skateboarding events, collaborating with professional skateboarders, and using social media to promote their unique products. This competitive environment is supposed to drive Street Skateboards Accessories Market development. As a result, the industry is characterized by its increased competitiveness, diversity, and dynamics.Powell Peralta is one of the most influential competitors in the Street Skateboards Accessories Market. The company is proud to produce an extensive range of skateboards of superior quality. The company’s identity is particularly associated with the high performance and innovative design of its products. In addition to designing and producing decks of supreme quality, Powell Peralta actively engages in manufacturing trucks, wheels, and other accessories to satisfy the needs of professional and recreational skateboarders. The company boasts a well-developed brand identity and a large customer base. The skateboarder team is among the most successful competitors in the industry. As a long-lasting and versatile competitor, Powell Peralta is involved in all Skateboarding events and contests. The company also works closely with the most proficient skateboarders, which allows the development of some of the most innovative skateboard decks in the industry.Another important and highly influential competitor in the Street Skateboards Accessories Market is Dwindle Distribution. This company also owns and operates an array of popular skateboard brands. The long list of Dwindle Distribution's brands includes almost tensor trucks, Rage Sports, Enjoi, Darkstar, Speed Demons, City Stars, World Industries, Blind, A-Team, and others “Brands”. Like most other sector leaders, Dwindle Distribution closely monitors and analyzes major market trends. The main goal of the company is to strengthen its leading market position and promote its unique products among an increasing number of potential customers. Using its powerful distribution, Dwindle Distribution consistently develops new products and solutions. They also keep producing innovative collaborations with professional skateboarders. The company’s close interest in its market position and developmental strategies has already led to the acquisition of several important Street Skateboards Accessories Market players, such as Almost and Tensor Trucks.
Key Companies in the Street Skateboards Accessories Market Include:
- Primitive Skateboards
- Almost Skateboards
- Baker Skateboards
- Zero Skateboards
- Toy Machine Skateboards
- Element Skateboards
- Cliché Skateboards
- Real Skateboards
- Powell Peralta
- Deathwish Skateboards
- Santa Cruz Skateboards
- Birdhouse Skateboards
- Globe International
- Flip Skateboards
- Anti Hero Skateboards
Street Skateboards Accessories Market Industry Developments
The Street Skateboards Accessories Market is projected to grow from USD 11.15 billion in 2023 to USD 16.0 billion by 2032, at a CAGR of 4.09% during the forecast period. The increasing popularity of skateboarding, growing awareness of safety gear, and rising disposable income are key factors driving the growth of the market.Recent news developments in the market include the launch of new products by major players such as Triple Eight, Bern Unlimited, and Pro-Tec. For instance, in March 2023, Triple Eight released a new line of skate helmets designed for increased comfort and safety.Key market trends include the growing adoption of e-commerce platforms for the purchase of skateboarding accessories, the increasing popularity of customized accessories, and the rising demand for eco-friendly products.Major players in the market include Triple Eight, Bern Unlimited, Pro-Tec, 187 Killer Pads, and Smith Optics. These players are focusing on expanding their product portfolios, entering into strategic partnerships, and investing in research and development to gain a competitive edge in the market.
Street Skateboards Accessories Market Segmentation Insights
Street Skateboards Accessories Market Type Outlook
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- Grip Tape
- Trucks
- Bearings
- Wheels
- Hardware
- Protection Gear
- Cleaning and Maintenance Accessories
Street Skateboards Accessories Market Material Outlook
-
- Wood
- Plastic
- Metal
- Polyurethane
- Rubber
- Nylon
Street Skateboards Accessories Market Distribution Channel Outlook
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- Online
- Offline (Retail Stores)
- Skate Shops
- Sporting Goods Stores
Street Skateboards Accessories Market Price Range Outlook
-
- Low-End
- Mid-Range
- High-End
- Premium
Street Skateboards Accessories Market Regional Outlook
-
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
Report Attribute/Metric |
Details |
Market Size 2022 |
10.71 (USD Billion) |
Market Size 2023 |
11.15 (USD Billion) |
Market Size 2032 |
16.0 (USD Billion) |
Compound Annual Growth Rate (CAGR) |
4.09% (2024 - 2032) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Base Year |
2023 |
Market Forecast Period |
2024 - 2032 |
Historical Data |
2019 - 2023 |
Market Forecast Units |
USD Billion |
Key Companies Profiled |
Primitive Skateboards, Almost Skateboards, Baker Skateboards, Zero Skateboards, Toy Machine Skateboards, Element Skateboards, Cliché Skateboards, Real Skateboards, Powell Peralta, Deathwish Skateboards, Santa Cruz Skateboards, Birdhouse Skateboards, Globe International, Flip Skateboards, Anti Hero Skateboards |
Segments Covered |
Type, Material, Distribution Channel, Price Range, Regional |
Key Market Opportunities |
1 Growing popularity of skateboarding2 Rising disposable incomes3 Increasing participation in extreme sports4 Technological advancements in skateboarding accessories5 Expanding distribution channels |
Key Market Dynamics |
Increasing popularity of skateboardingGrowing demand for high-quality accessoriesRising disposable income levelsExpanding distribution channels Technological advancements |
Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Street Skateboards Accessories Market is expected to reach a valuation of USD 11.15 billion in 2023 and is projected to grow at a CAGR of 4.09% to reach USD 16.0 billion by 2032.
North America is expected to dominate the Street Skateboards Accessories Market throughout the forecast period. The region's large skateboarding community and well-established distribution channels are major factors driving its dominance.
The growing popularity of skateboarding, particularly among younger generations, is a major factor driving the growth of the Street Skateboards Accessories Market. Additionally, the increasing availability of skateparks and other skateboarding facilities is also contributing to the market's growth.
Street skateboards accessories are primarily used for safety and performance enhancement while skateboarding. Common applications include helmets, knee pads, elbow pads, wrist guards, and skate tools.
Key competitors in the Street Skateboards Accessories Market include Triple Eight, Bern Unlimited, Pro-Tec, Smith Optics, and Sector 9. These companies offer a wide range of accessories, including helmets, pads, and tools, to meet the needs of skateboarders of all ages and skill levels.
One of the major challenges faced by the Street Skateboards Accessories Market is the fluctuating prices of raw materials. Additionally, the market is also affected by intense competition and the emergence of counterfeit products.
The growing popularity of skateboarding in emerging markets, such as Asia-Pacific and Latin America, presents significant growth opportunities for the Street Skateboards Accessories Market. Additionally, the increasing focus on safety and the development of new and innovative products are also expected to drive market growth.
Key trends in the Street Skateboards Accessories Market include the increasing adoption of e-commerce for sales, the growing popularity of customized accessories, and the development of eco-friendly products.
The COVID-19 pandemic had a significant impact on the Street Skateboards Accessories Market, leading to a decline in sales due to lockdowns and travel restrictions. However, the market is expected to recover as the pandemic subsides and skateboarding activities resume.
The Street Skateboards Accessories Market is expected to continue growing in the coming years, driven by the increasing popularity of skateboarding, the growing focus on safety, and the development of new and innovative products. The market is expected to reach a valuation of USD 16.0 billion by 2032.