Product Code: CMI7444
Global electric skateboard market is estimated to be valued at US$ 4.07 Billion in 2024 and is expected to reach US$ 9.10 Billion by 2031, exhibiting a compound annual growth rate (CAGR) of 12.2% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 4.07 Bn |
Historical Data for: |
2019 To 2023 |
Forecast Period: |
2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: |
12.20% |
2031 Value Projection: |
US$ 9.10 Bn |
Figure. Electric Skateboard Market Share (%), By Region 2024
Global electric skateboard market has been growing rapidly over the past few years. Electric skateboards are gaining popularity among youth as an eco-friendly and efficient mode of transportation within cities. Unlike conventional skateboards which require manual pushing using feet, electric skateboards come equipped with electric motors and rechargeable batteries allowing users to ride them with little physical effort. This has made them quite appealing for short-distance commuting. Rising environmental concerns and growing preferences for micro-mobility have spurred the adoption of electric skateboards. With continued technological advancements, these boards are becoming smarter and more responsive while offering longer riding ranges. This is expected to further catalyze the electric skateboard market in the coming years.
Market Dynamics:
Global electric skateboard market growth is driven by factors such as the growing popularity of micro-mobility solutions for urban commuting, increasing environmental concerns boosting the use of non-polluting vehicles, and rising health awareness encouraging outdoor recreational activities. However, high product and maintenance costs remains a key restraint. Ongoing innovations in battery technologies to enhance performance are expected to create significant opportunities for market players. Companies are investing in Research & Development to develop advanced lithium-ion and solid-state batteries with higher energy density and longer lives. This could help electric skateboards achieve longer riding ranges and realize their full commuting potential. Further, integration of technologies such as GPS, cloud connectivity, and regenerative braking could make these boards smarter and more user-friendly.
Key Features of the Study:
This report provides in-depth analysis of the global electric skateboard market and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global electric skateboard market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Boosted Boards, ELERIDERS, Evolve Skateboards, Inboard, Acton, Razor USA, Skatebolt, WOW go, Teamgee, Koowheel, Onan, Urban Arrow, Landwheel, and X1 Electric Skateboards
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global electric skateboard market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global electric skateboard market
Market Segmentation
- Type Insights (Revenue, USD, 2019 - 2031)
- Hub Motor Electric Skateboards
- Belt Drive Electric Skateboards
- Battery Type Insights (Revenue, USD, 2019 - 2031)
- Lithium-Ion Batteries
- Lead-Acid Batteries
- Application Insights (Revenue, USD, 2019 - 2031)
- Commuting
- Recreation
- Sports
- Regional Insights (Revenue, USD, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Boosted Boards
- Evolve Skateboards
- Meepo Board
- Inboard Technology
- Acton
- Razor USA
- Skatebolt
- WowGo
- Teamgee
- Koowheel
- Onan
- Urban Arrow
- Landwheel
- X1 Electric Skateboards
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type
- Market Snippet, By Battery Type
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, And Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend
4. Global Electric Skateboard Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting the Global Electric Skateboard Market - COVID-19
- Impact Analysis
5. Global Electric Skateboard Market, By Type, 2019-2031, (USD BN)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Hub Motor Electric Skateboards
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Belt Drive Electric Skateboards
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
6. Global Electric Skateboard Market, By Battery Type, 2019-2031, (USD BN
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Lithium-Ion Batteries
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Lead-Acid Batteries
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
7. Global Electric Skateboard Market, By Application, 2019-2031, (USD BN)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Commuting
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020- 2031
- Segment Trends
- Recreation
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Sports
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
8. Global Electric Skateboard Market, By Region, 2019-2031, (USD BN)
- Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Battery Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
- Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Battery Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Battery Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Battery Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Battery Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Battery Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country/Region, 2019- 2031, (US$ Bn)
- South Africa
- North Africa
- Central Africa
9. Competitive Landscape
- Boosted Boards
- Company Overview
- Product Portfolio
- Recent Developments/ Updates
- Evolve Skateboards
- Company Overview
- Product Portfolio
- Recent Developments/ Updates
- Meepo Board
- Company Overview
- Product Portfolio
- Recent Developments/ Updates
- Inboard Technology
- Company Overview
- Product Portfolio
- Recent Developments/ Updates
- Acton
- Company Overview
- Product Portfolio
- Recent Developments/ Updates
- Razor USA
- Company Overview
- Product Portfolio
- Recent Developments/ Updates
- Skatebolt
- Company Overview
- Product Portfolio
- Recent Developments/ Updates
- WowGo
- Company Overview
- Product Portfolio
- Recent Developments/ Updates
- Teamgee
- Company Overview
- Product Portfolio
- Recent Developments/ Updates
- Koowheel
- Company Overview
- Product Portfolio
- Recent Developments/ Updates
- Boosted Boards (now defunct but notable)
- Company Overview
- Product Portfolio
- Recent Developments/ Updates
- Onan
- Company Overview
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Urban Arrow
- Company Overview
- Product Portfolio
- Recent Developments/ Updates
- Landwheel
- Company Overview
- Product Portfolio
- Recent Developments/ Updates
- X1 Electric Skateboards
- Company Overview
- Product Portfolio
- Recent Developments/ Updates
10. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
11. References and Research Methodology
- References
- Research Methodology
- About us