Global Electric Skateboards Market Outlook
Revenue, 2024
$1.7B
Forecast, 2034
$9.0B
CAGR, 2025 - 2034
17.9%
The Electric Skateboards industry revenue is expected to be around $2.1 billion in 2025 and expected to showcase growth with 17.9% CAGR between 2025 and 2034. The increased interest in skateboards is mainly driven by the attractive blend of innovation and convenience they provide that is changing the way people travel personally. The key factors contributing to this trend are the growing preference for eco friendly modes of transportation and the acceptance of e mobility solutions specifically in cities. Another important factor is the rising demand from densely populated urban areas, for commuting purposes. The growing focus placed upon energy sources and the move towards more environmentally friendly solutions have contributed to the surge in popularity of electric skateboards worldwide-a trend that is further fueled by the continuous improvements in battery technology and innovations in the tech industry as a whole. These advancements, in technology are enhancing the efficiency and user friendliness of skateboards significantly; as a result they are becoming increasingly popular across different age groups and demographic segments.
Electric skateboards are like hemp skateboards but with a motor that runs using an electric engine and can be smoothly operated using a handheld remote control device. Recent advancements in the design and technology of skateboards have led to longer battery life and better speed management options while also increasing their durability. These key attributes make them popular, for navigating through traffic with ease.
Market Key Insights
- The Electric Skateboards market is projected to grow from $1.7 billion in 2024 to $9.0 billion in 2034. This represents a CAGR of 17.9%, reflecting rising demand across Urban Commuting, Sports & Recreation and Commercial Use.
Boosted Boards, Evolve Skateboards, and Skatebolt are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Electric Skateboards market and are expected to observe the growth CAGR of 17.2% to 25.1% between 2024 and 2030.
- Emerging markets including India, Brazil and South Africa are expected to observe highest growth with CAGR ranging between 13.4% to 18.6%.
Transition like Technological Advancements is expected to add $713 million to the Electric Skateboards market growth by 2030
.- The Electric Skateboards market is set to add $7.3 billion between 2024 and 2034, with manufacturer targeting Professional Sports & Personal Mobility End-Users projected to gain a larger market share.
- With
the advent of eco-friendly transportation alternatives, and
technological advancements and integration of smart features, Electric Skateboards market to expand 419% between 2024 and 2034.
Opportunities in the Electric Skateboards
In order to increase their visibility in the market and reach customers companies that make electric skateboards could consider team ing up with big tech companies, transportation firms or even universities. By working in these partnerships they can also speed up the creation of cutting edge products widen their reach through distribution channels and enhance their reputation and trustworthiness with buyers.
Growth Opportunities in North America and Asia-Pacific
The North American market for electric skateboards is a vibrant hub for skateboard enthusiasts and advanced technology lovers. This region holds a substantial share in the global market, driven by a high adoption rate of electric skateboards among millennials and Generation Z. The United States, in particular, has a competitive market landscape with the presence of key players such as Boosted Boards and Inboard Technology. Moreover, There is a growing trend towards the use of electric skateboards for commuting short distances, which is significantly driving the demand in this region. Also, the availability of advanced battery technologies and electrification infrastructure serves as a key driver for the North American market.
The Asia-Pacific region, especially countries like China and Japan, has seen a surge in the demand for electric skateboards. Urbanization and a growing interest in recreational activities contribute significantly to market growth in this region. Chinese manufacturers like Yuneec and Winboard are prominent in shaping the local competition and are also expanding their footprint in the global market. The market in the Asia-Pacific region is primed for higher growth, propelled by increasing affordability and the infrastructural developments that make using electric skateboards easier. The manufacturing advantages and supportive government policies in this region are major drivers for local market players.
Market Dynamics and Supply Chain
01
Driver: The Advent of Eco-Friendly Transportation Alternatives, and The Emerging E-Sports Culture
The rise in consciousness and the embrace of eco friendly methods have also driven the demand for electric skateboards higher in the market scene. The environmental impact linked with transportation methods and the growing worries about climate change have also fueled a keen attraction towards electric skateboards. These skateboards are also becoming more popular, as a choice allowing people to lessen their environmental footprint while offering an enjoyable and effective mode of getting around. With the emerging e-sports culture, skateboarding has also attained a considerable boost, especially within the younger demographic. Electric skateboards have also become an integral part of urban culture and extreme sports. Various electric skateboard competitions and events are also being organized, further propelling the growth in this industry.
The electric skateboard industry has also seen improvements thanks to technological advancements as top companies keep introducing products with new and exciting features like GPS tracking and Bluetooth connectivity that make for better user also experiences and increased customer interaction through app control capabilities. The use of sturdier materials has also also enhanced the performance and durability of skateboards making them more appealing, to a broader range of consumers.
02
Restraint: High Costs
Electric skateboards can be quite expensive to buy as they combine style and convenience with innovation; however their high price may put off some buyers who are interested in getting one for themselves because the cost ranges from a few hundred to well over a thousand dollars on average which is a significant barrier to their popularity among younger and budget conscious customers and slows down their growth, in emerging markets where people generally have lower disposable incomes. The widespread adoption of skateboards is hindered by this drawback as it restricts their appeal to a select group of affluent individuals, in certain regions.
03
Opportunity: Expanding into Untapped Segments and Technological Innovations driving market growth
In years there has been a noticeable surge in the popularity of electric skateboards; however there are still untapped opportunities to explore within theindustry'slandscape. Particularly promising is the potential to target the teen and college student as well as encourage the use of electric skateboards for shorter daily commutes by introducing cost effective and long lasting designs. This strategic approach could effectively capture these markets. Result in a significant growth in market share. On a level focusing on integrating advanced safety features can further enhance the appeal of electric skateboards as a safe mode of transportation analytics for consumers who prioritize safety.
The rise of technology has paved the way for enhancements in skateboards that go beyond mere speed and range improvements. Think self balancing technology smart brakes and advanced battery life as futuristic elements that could transform the industry completely by tapping into the potential of IoT and AI to make these boards more effective for a variety of uses, beyond just leisure activities.
04
Challenge: Regulation and Safety Concerns
The enjoyment and convenience of riding electric skateboards come with inherent safety risks. These risks are heightened by the absence of a standardized set of regulations governing their use. Because electric skateboards are capable of reaching high speeds, their users run a heightened risk of serious injury.
Supply Chain Landscape
1
Raw Material Procurement
BASFDow Chemicals
2
Component Manufacturing
Tesla Lithium BatteryWabtec Corporation
3
Assembly & Finishing
Boosted BoardsEvolve Skateboards
4
Distribution & Retail
AmazonWalmart
1
Raw Material Procurement
BASFDow Chemicals
2
Component Manufacturing
Tesla Lithium BatteryWabtec Corporation
3
Assembly & Finishing
Boosted BoardsEvolve Skateboards
4
Distribution & Retail
AmazonWalmart
Applications of Electric Skateboards in Urban Commuting, Sports & Recreation & Commercial Use
Urban Commuting : Electric skateboards have significantly disrupted urban commuting by offering compact, environmentally friendly, and fun alternatives to conventional modes of transport. The lightweight and portable features of long-range electric skateboards have proven to be ideal for short distances and quick errands within the city, reducing dependency on public transportation and cars. Notable players in this segment include Boosted Boards, targeting city dwellers with their high-performance boards known for their reliable speed control and aggressive acceleration.
Sports & Recreation : With the rising popularity of alternative sports, electric skateboards have found immense utility in recreational activities. All-terrain electric skateboards dominate this application, with their robust build and powerful motors enabling enthusiasts to shred through gravel, dirt, grass, and even hills. Evolve Skateboards stands out in this domain, with its boards acclaimed for their outstanding versatility, enabling riders to switch between street and off-road modes effortlessly.
Commercial Use : Electric skateboards offer potential solutions for last-mile deliveries in commercial applications. With custom electric skateboards designed explicitly for cargo-carrying capabilities, businesses can execute short-range deliveries with reduced operational costs and ecological footprint. Yuneec, a prominent player in this application, has pioneered electric skateboards equipped with smart features such as automatic digital braking and backlit LED light indicators, significantly enhancing the safety and efficiency of commercial deliveries.
Recent Developments
December 2024 : Boosted Inc. released their latest model of electric skateboards, equipped with advanced assistive navigation technology, setting a new market standard for safety and control in the industry
October 2024 : Evolve skateboards introduced a renewable energy-based charging system that significantly reduces the charging duration for their electric skateboards, propelling the companys reputation for sustainability
July 2024 : Inboard Technology launched an innovative model featuring all-terrain capabilities, a significant strategic shift aiming to expand the scope of Electric Skateboards into adventure sports.
In the realm of personal urban transportation, Electric Skateboards have begun to carve a significant niche. This intriguing technology has been catalyzed by notable trends towards eco-friendly commuting, capturing attention from consumers across various demographics. Recent years have seen a marked surge in the popularity and adoption of Electric Skateboards.
Impact of Industry Transitions on the Electric Skateboards Market
As a core segment of the Other Consumer Goods industry,
the Electric Skateboards market develops in line with broader industry shifts.
Over recent years, transitions such as Technological Advancements and Sustainability Shift have redefined priorities
across the Other Consumer Goods sector,
influencing how the Electric Skateboards market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Technological Advancements
The advent of the IOT and AI technology has significantly impacted the electric skateboard industry. These technologies have enabled manufacturers to produce electric skateboards with enhanced features such as speed and battery life management, remote control access, superior connectivity, and userfriendly interfaces. These advancements are not only elevating riders experience but also enhancing the safety measures, thereby transforming the traditional electric skateboard market into a savvy techindustry. This industry transition is expected to add $713 million in the industry revenue between 2024 and 2030.
02
Sustainability Shift
Wind of change is blowing across the electric skateboard sector as it steps towards heightened environmental sustainability. With increasing awareness about climate change and a global shift towards ecofriendly transportation modes, electric skateboards, which run on rechargeable batteries, are being seen as a green alternative to conventional means of transport. This transition is having a domino effect within associated industries including battery manufacturers and renewable energy companies as it emphasizes the importance of sustainable practices.