Street Skateboards Accessories Market Size, Share, Growth Analysis, By Type(Wheels, and Bearings), By Distribution Channel(Offline Retail, and Online Retail), By Region - Industry Forecast 2024-2031

Global Street Skateboards Accessories Market size was valued at USD 1.64 billion in 2022 and is poised to grow from USD 1.72 billion in 2023 to USD 2.48 billion by 2031, growing at a CAGR of 4.70% during the forecast period (2024-2031).

The increasing inclination towards fitness has led to a surge in outdoor sports activities, which has become a significant driver for the street skateboard accessories market. Skateboarding has gained immense popularity as a sport across many countries, and its physical benefits, such as increased flexibility and coordination, have contributed to its appeal. The rise in awareness about skateboarding due to competitions like X Games and Street League has resulted in an increase in sales of skateboards and accessories. The World Skate Championship, a global skateboarding competition, has also contributed to the growth of the market.

The popularity of skateboarding has led to an increase in the number of skaters worldwide, with over 85 million skaters globally, most of whom are under the age of 18. Graphic prints on skateboards have played a crucial role in increasing their adoption by consumers. The younger generation's growing focus on health, fitness, and overall well-being has also contributed to the rising popularity of outdoor sports and recreational activities, including skateboarding.

Urban lifestyle sports like surfing, parkour, wakeboarding, kite surfing, and paddleboarding have also gained interest. Studies have shown that at least 10% of the adult population in England has an interest in lifestyle sports. The participation rate in outdoor sports among the US population aged six and above increased from 53.9% in 2013 to 59.2% in 2018. Skateboarding was the fourth favorite outdoor activity among youth aged 6-24 years in the US in 2017, with an average of 36 outings per skateboarder and 97.2 million total outings among the 6-17 age group, and an average of 18 outings per skateboarder and 115 million total outings among the 18-24 age group.

US Street Skateboards Accessories Market is poised to grow at a sustainable CAGR for the next forecast year.