Electric Skateboard Producers and Electric Skateboard Market Trend

The global electric skateboard market is set to witness exponential growth in the coming years, according to HDIN Research. The market was valued at $1.7 billion in 2018 and is projected to reach $19.6 billion by 2023, with a CAGR of 63.1% from 2018 to 2023. Furthermore, the market is expected to grow at a CAGR of 11.3% from 2023 to 2028, reaching $33.5 billion by 2028.
China is currently the dominant player in the electric skateboard market, accounting for 85.3% of the global production in 2022. North America follows with 12.4% of the production. The rising demand for electric skateboards is attributed to the growing trend of sustainable transportation and the increasing popularity of action sports.

Electric skateboards come in different types and applications. Longboards, for instance, are designed for commuting and long-distance riding, while shortboards are for quick trips and tricks. Some electric skateboards are even equipped with off-road wheels for a more adventurous ride.

The market is highly competitive, with major players including Boosted, Evolve Skateboards, Inboard Technology, and Yuneec International, among others. These companies are continuously innovating and improving their products to cater to the changing needs and preferences of consumers.

Overall, the electric skateboard market is poised for substantial growth in the coming years, driven by the dominance of Chinese manufacturers and the increasing demand for sustainable transportation options.