Skateboard Ramp Market

Skateboard Ramp Market Outlook till 2032

The global market for skateboard ramps accounts for USD 2.19 Billion at present in 2022. The market is anticipated to gain traction and reach USD 2.97 Billion by end of 2032. The market is expected to grow with a CAGR of 3.1% in the forecast period.

Unlike earlier times people now are more invested in health awareness and incorporating physical activities into their routine schedules. Despite being originated in the United States skateboarding is popular across the world. Its small board is mounted on wheels where a person has to balance and perform rides. The game has made its Olympic debut in Tokyo 2020 which is set to propel popularity in the forecast period.

Tricks and riding on the skateboard ramp are part of the leisure sport of skateboarding. Children learn courage through the organized sport of skateboarding, which also makes them excited and refreshed. The skateboard ramp offers a surface on which to execute different tricks. The events of national and international skating competitions are anticipated to increase in upcoming years owing to the upcoming Paris Olympics events in 2024. These games were likely to open many opportunities for players to enter into qualification for the next Olympics.

The expansion of the skateboard ramp market is anticipated to be aided by the draw of recreational activities and skateboarding promotional events. Manufacturers host a lot of competitions and marketing events to draw in additional fans. In order to advance skateboarding and related businesses, the International Association of Skateboard Companies (IASC) was founded. The association's following promotion is anticipated to increase demand for skateboard ramps.

 

Report Attributes	Details
Market size (2022 A)	USD 2.19 Billion
Base Year for Estimation	2022
Forecast duration for this research	2022-2032
Forecasted Market value (2032 F)	USD 2.97 Billion
Global Market Growth rate (2022-2032 E)	CAGR of 3.1%
Key Companies Profiled	Fearless Ramps American Ramp Company OC Ramps Keen Ramps California Ramp Works Skatelite

What drives skateboard market growth?

The attraction of people towards recreational activities and skateboarding promotional events are expected to contribute to the growth of the skateboard ramp market. With the addition of skateboarding in the 2020 Summer Olympics, Tokyo is projected to attract more enthusiasts toward recreational sporting activity. The promotion of skateboarding through events and tournaments is expected to drive the growth of the skateboard ramp market.

The government funds for the development of skate parks and skateboard ramps are anticipated to contribute to the growth of the market. The demand for separate skate parks and skateboard ramps by young enthusiasts and by parents to avoid on-street skateboarding is anticipated to drive the global skateboard ramp market. The growing trend of artistic skating and recreational & fitness in-line skating will also provide a growth opportunity for the worldwide skateboard ramp market in the forecast period.

The role of social media is crucial in the penetration of novel sports among the last miles of society. The major participants in this sport are the youth segment which remains active on social media where they keep exploring new types and equipment needed for skating. The millennial population is a major follower of sports news channels and sports celebrities on social media platforms which is anticipated to grow the popularity of these sports in the forecast period.

What restraints market likely to face?

The growth of the skateboard ramp market is anticipated to be hampered by children's disinterest in skateboarding due to poor equipment design and a high number of accidents. Even so, the market for skateboard ramps is expected to grow more during the forecast period of 2022–2032 due to rising skateboarding participation.

The lack of awareness about this sport is another hindrance ahead of players which deters their journey to international tournaments. The lack of needed ramps and infrastructure is a major challenge ahead of this industry limiting the penetration of this sport.

There are substitute products emerging into markets that are likely to get preference from customers. These products such as scooters likely to deter sales of skateboards as being considered a much safer option by customers to avoid casual injuries.

Segment wise Insights

Based on the product type the major share is attributed to the skateboard segment at present. Popsicle boards are dominant having small wheels and fit for uneven roads. These are majorly demanded boards from customer ends suiting both experienced and amateur players. The affordable price range of these boards is another reason for their popularity.

Longboards are the second fastest growing product segment owing to convenience in flipping and longer dimensions of boards. The wide availability in terms of shapes and sizes makes them more attractive and set to give a market share in the forecast period. Cruising, and traveling tourism are major sectors driving demand in this product segment.

Based on the age group the teenagers and youth segment is a major demanding segment. This segment accounts for more than 40% of the total customer share. The rising popularity of this sport is anticipated to increase the share of below 18 age participants in upcoming years.

Regional Outlook

Regions can classify the global skateboard ramp market as North America, Europe, Latin America, CIS & Russia, Asia Pacific (APAC), the Middle East, and Africa (MEA). The segmented regions have different growth opportunities for the skateboard ramp market. Among the segmented regions, North America is expected to show the maximum share of the skateboard ramp market due to the increasing number of enthusiasts and skateboarding tournaments. Europe and CIS & Russia are expected to hold an average share of the global skateboard ramp market in the forecast period.

Asian markets are set to redirect the flow of the global sports market as the economies in this region continue to grow. APAC and Latin America do not hold a prominent share of the market but are expected to create growth opportunities over the forecast period. Further, promotional events and tournaments will attract more enthusiasts towards skateboarding and contribute to the growth of the skateboard ramp market in the forecast period. The European or American control over the sports industry has started to wane off as the sports industry has slowly and unevenly begun to slip out of the hands of western countries. This is anticipated to open lucrative opportunities in East Asia markets for manufacturers.

The Tokyo Olympics were seen as a major event in Japan as this sport was for the first time entering into Olympics this has proven as a stimulus to raise awareness about skating as a sport in this region. India and China are among the countries having major youth participants in sports which is likely to grow with the fastest CAGR in the forecast period.

Competitive landscape

The global market for skateboard ramp manufacturers is heavily competitive owing to high standards of differentiation. These companies prioritize customer safety while improvising on their designs and comfort. The prominent market players are increasingly opting for sports sponsorships to gain target customer attention.

Manufacturers are focused on collaborations and strategic partnerships as key business tactics to create dominance. The increase in market investment is a high differentiator among these players as it aids in sales and generated brand image. The branding investment is majorly contributing to the success of manufacturers in this industry owing to gaining major traction in the forecast period.

Skateboard Ramp Market: Segmentation

• By Product :

  • Street boards
  • Cruiser boards
  • Longboard

• By End-user :

  • Kids
  • Teenagers
  • Adults

• By Region :

  • North America
  • Latin America
  • Europe
  • Japan
  • Asia Pacific excluding Japan (APEJ)
  • Middle East & Africa (MEA)