The global skateboarding equipment market to grow at a CAGR of 2.67% during the period 2016-2020.
Global Skateboarding Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one driver that will propel growth is the growing skateboarding footwear and apparel market. In the past decade, not many footwear and apparel manufacturers were keen on investing in the global skateboarding equipment market, mostly due to relatively low penetration of the sport in most countries. However, with the growing popularity of skateboarding today, many established companies such as Nike, Adidas, and Converse have started recognizing the growth potential of the market and are now venturing into the skateboarding footwear market.
The global skateboarding equipment market will be driven by a number of growth factors during the forecast period, one of the most important being the increasing interest in different sports activities, including skateboarding.
The growing awareness of the sport will also exert a positive influence on the growth of the market over the next five years. Rising popularity of skateboarding tournaments like the X Games, Dew Tour, Boardr Am, and Copenhagen Pro is also indicative of the growth potential of the market.
The increasing demand for eco-friendly skateboarding equipment is an emerging trend that will also aid in the growth of the market during the forecast period. Key vendors
- Alien Workshop - Almost Skateboards - Element Skateboards - Plan B - Zero Skateboards