According to Future Market Insights (FMI's) latest analysis, global skateboard footwear & apparel sales grew slightly over two percent from 2018 to 2022.
The global skateboard footwear & apparel market value is projected to increase from US $3,095.5 million in 2023 to US $4,546.8 million by 2033.
The rising popularity of skateboarding and the growing participation in skateboard events are expected to boost the global skateboard footwear & apparel industry.
Further expansion of skateboarding parks globally is likely to bolster skateboarding footwear & apparel sales, including skate shoes, clothing, and other fashionable and functional accessories, providing comfort and flexibility.
Although a male-dominated industry, skateboarding is becoming more inclusive and diverse, as seen in a surge in demand for skateboard footwear and apparel designed specifically for women and girls.
The skater culture has also heavily influenced streetwear fashion, becoming a significant part of urban fashion trends. With its inclusion in the Olympic Games in 2021, its visibility and participation are expected to increase further.
Skateboard footwear and apparel brands also have established a solid social media presence driving trends and connecting with skateboard enthusiasts, professional skateboarders, and the broader youth culture.
As the birthplace of skateboarding, the United States is anticipated to thrive at a CAGR of almost four percent due to a large community of skateboarders and a distribution network catering to diverse consumer preferences.
The United Kingdom's market, a mix of local and international brands, caters to skateboarders, who value style and functionality often influenced by streetwear and fashion trends.
Japan has also presented significant growth opportunities in this category in recent years.
Demand is projected to remain high for skate shoes by product type, with a market share of 62.1 percent in 2023, and the online retailers' segment is expected to generate significant revenues.
Recently, VF Corporation launched operations at its new distribution centre in California, and Santa Cruz announced a limited-edition line with the skateboarding brand Blind.
