The cycling and skateboarding equipment market was valued at $70.5 billion in 2023 and is projected to reach $173.8 billion by 2033, growing at a CAGR of 9.5% from 2024 to 2033.
The cycling and skateboarding equipment market comprises of elements required to ensure the safety of individual performing the activities and elevate the riding experience. A wide range of equipment are essential to perform cycling or skateboarding, including bicycles, skateboards, maintenance tools, protective gear, and accessories such as pads, helmets, and suitable clothing. These equipment exist in different sizes and designs that cater to the specific requirement of the riders.
Modifications in lifestyle and rise in awareness toward fitness are the major drivers of the cycling and skateboarding equipment market. Both the activities are gaining notable prominence as a form of exercise. Increase in the popularity of cycling and skateboarding as a recreational activity is boosting the demand for equipment associated with them. Moreover, in several countries, the citizens are switching to cycles as a mode of transport to avoid the traffic congestion. This is significantly propelling the growth of the market. In recent years, the deployment of electrification and smart features has emerged as a key trend in the market. Smart skateboards integrated with sensors for the detection of speed, distance, and movements are gaining popularity. In addition, advanced safety gear such as smart helmets with in-built navigation and LED signaling are redefining the safety measures.
However, the acquisition & maintenance expenses of high-end equipment and devices deters several individuals from investing in them, which hampers the development of the cycling and skateboarding equipment market. Moreover, lack of adequate infrastructure in several countries for cycling and skateboarding, such as dedicated lanes, restrains the market growth. On the contrary, technological innovations in the equipment associated with these activities are projected to enhance the sales and present lucrative growth opportunities for the market. For instance, the soaring popularity of e-bikes is accelerating the market trajectory. In Europe, e-bikes garnered a total of 18% of the total bicycle share in 2019 and by 2023, the share rose to over a quarter.
Segment Review
The cycling and skateboarding equipment market is segmented into type, distribution channel, and region. On the basis of type, the market is divided into skin suit, wrist guards, protective helmet, knee pads, mouth guard, and others. Depending on distribution channel, it is classified into sport shop, online retail, departmental stores, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
On the basis of type, the protective helmet segment accounted for a high market share in 2023.
Depending on distribution channel, the online retail segment acquired a major stake in the market in 2023.
Region wise, North America was the highest revenue generator in 2023.
Competition Analysis
The key players operating in the global cycling and skateboarding equipment market include Fuji Bikes, Endura Ltd, Element Skateboards, SCOTT Sports SA, Almost Skateboards, Zero Skateboards, Plan B, GT Bicycles, Inc., DT Swiss AG, and Alien Workshop. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.
The cycling and skateboarding equipment market comprises of elements required to ensure the safety of individual performing the activities and elevate the riding experience. A wide range of equipment are essential to perform cycling or skateboarding, including bicycles, skateboards, maintenance tools, protective gear, and accessories such as pads, helmets, and suitable clothing. These equipment exist in different sizes and designs that cater to the specific requirement of the riders.
Modifications in lifestyle and rise in awareness toward fitness are the major drivers of the cycling and skateboarding equipment market. Both the activities are gaining notable prominence as a form of exercise. Increase in the popularity of cycling and skateboarding as a recreational activity is boosting the demand for equipment associated with them. Moreover, in several countries, the citizens are switching to cycles as a mode of transport to avoid the traffic congestion. This is significantly propelling the growth of the market. In recent years, the deployment of electrification and smart features has emerged as a key trend in the market. Smart skateboards integrated with sensors for the detection of speed, distance, and movements are gaining popularity. In addition, advanced safety gear such as smart helmets with in-built navigation and LED signaling are redefining the safety measures.
However, the acquisition & maintenance expenses of high-end equipment and devices deters several individuals from investing in them, which hampers the development of the cycling and skateboarding equipment market. Moreover, lack of adequate infrastructure in several countries for cycling and skateboarding, such as dedicated lanes, restrains the market growth. On the contrary, technological innovations in the equipment associated with these activities are projected to enhance the sales and present lucrative growth opportunities for the market. For instance, the soaring popularity of e-bikes is accelerating the market trajectory. In Europe, e-bikes garnered a total of 18% of the total bicycle share in 2019 and by 2023, the share rose to over a quarter.
Segment Review
The cycling and skateboarding equipment market is segmented into type, distribution channel, and region. On the basis of type, the market is divided into skin suit, wrist guards, protective helmet, knee pads, mouth guard, and others. Depending on distribution channel, it is classified into sport shop, online retail, departmental stores, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
On the basis of type, the protective helmet segment accounted for a high market share in 2023.
Depending on distribution channel, the online retail segment acquired a major stake in the market in 2023.
Region wise, North America was the highest revenue generator in 2023.
Competition Analysis
The key players operating in the global cycling and skateboarding equipment market include Fuji Bikes, Endura Ltd, Element Skateboards, SCOTT Sports SA, Almost Skateboards, Zero Skateboards, Plan B, GT Bicycles, Inc., DT Swiss AG, and Alien Workshop. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- Investment Opportunities
- Consumer Preference and Product Specifications
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- SWOT Analysis
Key Market Segments
By Type
- Skin Suit
- Wrist Guards
- Protective Helmet
- Knee Pads
- Mouth Guard
- Others
By Distribution Channel
- Sport Shop
- Online Retail
- Departmental Stores
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Argentina
- Rest of LAMEA
- Fuji Bikes
- Endura Ltd
- Element Skateboards
- SCOTT Sports SA
- Almost Skateboards
- Zero Skateboards
- Plan B
- GT Bicycles, Inc.
- DT Swiss AG
- Alien Workshop
Please note:
- Online Access price format is valid for 60 days access. Printing is not enabled.
- PDF Single and Enterprise price formats enable printing.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
CHAPTER 4: CYCLING AND SKATEBOARDING EQUIPMENT MARKET, BY TYPE
CHAPTER 5: CYCLING AND SKATEBOARDING EQUIPMENT MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 6: CYCLING AND SKATEBOARDING EQUIPMENT MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
Key Market Players in the Cycling And Skateboarding Equipment Market include:- Fuji Bikes
- Endura Ltd
- Element Skateboards
- SCOTT Sports SA
- Almost Skateboards
- Zero Skateboards
- Plan B
- GT Bicycles, Inc.
- DT Swiss AG
- Alien Workshop
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 180 |
| Published | July 2024 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value ( USD | $ 70.5 billion |
| Forecasted Market Value ( USD | $ 173.8 billion |
| Compound Annual Growth Rate | 9.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
