Global Electric Skateboard Market 2021-2026

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    GLOBAL ELECTRIC SKATEBOARD MARKET

     

    INTRODUCTION

    An electric skateboard also called e-board, e-skateboard, or Esk8 is a skateboard which is driven by an electric motor. Electric skateboards can accelerate and brake independently. An electric skateboard is very comparable to a normal skateboard or longboard (long and more stable skateboard).

     

    The biggest difference is the acceleration and braking process. On an electric skateboard, the need to kick push with your foot to get forward is eliminated. The electric motor does it for the user. Additionally, e-boards have brakes. The user does not need to break with the foot to slow down. The operational pull of the trigger on the remote control leads to slow down of the e-skateboard independently.

     

    Electric skateboards are similar to normal skateboards except that they have an electric motor that drives them forward. Normally, The operational handling is done in the sequential order of opening the throttle and controlling the speed and brake with a hand-held remote control. The battery that fuels the electric motor is mounted under the deck of the e-skateboard.

     

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    Specially modified skateboard decks serve as the backbone of an electric skateboard. They are similar in shape and, in most cases, size of the classic modern deck. This makes them easy to ride and agile. The trucks are where electric skateboards differ most from their non-electric counterparts. The trucks on electric skateboards have been designed so that they can be driven by an electric motor, and this houses the power systems of the skateboard.

     

    The motors are either attached under the deck or inside the wheels. Today’s motor-driven skateboards are electrically driven and look much sleeker and attractive. The Basic principle of operating the electric skateboard is through the remote-control principle wherein the trigger on the remote control is to be pulled to open the throttle.

     

    The remote control will transfer the data via electromagnetic waves to the Electronic Speed Controller (ESC) of the circuit board. The ESC takes information coming from the Bluetooth receiver and evaluates and draws the correct amount of energy from the battery to the motor.

     

    The deck is the biggest part of the electric skateboard. It is the platform, the board, upon which the user stands on while riding it. Normally the deck is made out of wood. Industry standard boards typically consist of 3 to 12 plies of hardwood, (e.g. maple wood) laminated together and pressed into a concave shape. Some deck suppliers use a layer (or ply) of fiberglass or carbon for strength and rigidity.

     

     

     

    ELECTRIC SKATEBOARD MARKET DYNAMICS

     

    Existence of non-electric skateboards in the past few decades which involved a lot of physical effort while riding has now been overthrown with the invention of electric ones. As we moved onto a generation where everything is electric controlled.

     

    The board is propelled by an electric motor powered by a battery pack, and it is designed for easy and fast commuting where the rider just needs to lean forward to advance and lean backward to slow down or stop. The Electric based skateboard is easy to carry anywhere because of its compatible design and also suitable for off road conditions.

     

    In the recent market there has been the inclusion of the feature of cruise control. Cruise control is a convenient feature that exists in many cars and to make the experience of traveling on an electric skateboard even more comfortable, it is possible to implement it on the board.

     

    The electric skateboard market globally is estimated to grow with a CAGR of XX% with valuation of about $XX billion by the year 2025. The major players in the market are expanding their market share by acquiring budding companies or startups or by merging with other companies to access their clientele. The company Loaded Boards have partnered with Unlimited Engineering in order to launch their new line of electric skateboards with DIY electronic kits. The company Lime which is primarily a sharing scooter company has acquired Boosted Inc. According to the agreement, the core patents of Boosted Inc have been allotted to Lime along with Intellectual property

     

    This will enable the user to travel at a constant speed even when riding in terrain with varying gradients. So when the user finds a comfortable speed there will be an option to stay at that speed without manually adjusting the motor and speed.

     

    Now, with electric boards hitting the market, skateboards are undergoing major advancements for the first time since the invention of urethane wheels. The durability, hardness, colour, flexibility etc., of each urethane wheel, can be customized and capability of manufacturing urethane wheels that meet a variety of requirements be it v-groove urethane wheels for conveyors, robotic urethane wheels is pretty high.

     

    As part of Last Mile solutions in various industries to perform a short distance commute, it is important to have the right amount of correlation and efficiency within the vehicular systems. To conceptualize, design and fabricate a last mile vehicle, A novel approach is taken to rethink the structure of electric skateboards as part of last mile services in the recent market usage dynamics. It is being redesigned and recomputed for grounding the vehicle and heat dissipation requirements.

     

    ELECTRIC SKATEBOARD MARKET SEGMENTATION

     

    The Global market of Electric Skateboard can be segmented into following categories for further analysis.

     

    By Product Application

    • E stores Mobility
    • Online Stores
    • Chain Stores
    • Military Vehicular Purpose
    • Commercial Purpose
    • Entertainment Purpose
    • Domestic Purpose

     

    By Skateboard Deck Type

    • Carbon Fibre Composite Deck
    • Bamboo Deck
    • Maple Deck
    • Engineered Wood Deck
    • Wood and Carbon Fibre Composite Deck
    • Other Classified Decks

     

    By Class of Usage

    • Professional Usage
    • Domestic Daily Purpose Usage
    • Toys Usage

     

    By Age Classification

    • Children
    • Youth
    • Adolescents
    • Adults
    • Middle Aged
    • Elders and Senior Citizens

     

    By Regional Classification

    • Asia Pacific Region – APAC
    • Middle East and Gulf Region
    • Africa Region
    • North America Region
    • Europe Region
    • Latin America and Caribbean Region

     

     

    COVID-19 IMPACT ON ELECTRIC SKATEBOARD MARKET

    The COVID-19 pandemic has affected many sectors of the world negatively due to the lockdowns and travel restrictions set in place by the governments across the world to control the spread of infection. However, some industries such as the medical and biotechnology sector have flourished due to huge demand and incentives to improve and innovate.

     

    The pandemic has also affected the skateboard industry along with the professional skateboarders due to the cancellation of various national as well as international tournaments and events. The Tokyo Summer Olympics was also rescheduled which was previously bound to happen in the year 2020 wherein skateboarding was also included as a sport to boost the field and the players.

     

    However, the online fantasy sport (OFC) platforms have grown during the periods of lockdown as people stayed at home and indulged more in such activities. The revenues of these companies are also estimated to have grown due to high popularity and demand. After the pandemic, fantasy sport platforms will have an important role to play in the growth and development of skateboarding as a sport.

     

     

    RECENT MARKET TECHNOLOGICAL TRENDS IN ELECTRIC SKATEBOARD

    Improving  environmental  friendliness, reliability, durability  and energy  efficiency is  of significant  interest  in  the  field  of  automotive industries. New techniques are being developed which  include  introducing  new  lightweight materials,  less  harmful  along  with  controlled combustion of  fuels, and effective  lubrication  which controls the environmental problems brought by the  vehicles.

     

    Recent advancement has brought upon the integration of weight-based sensors into the system of electric skateboard operation and mobility. This operates upon the modification and composite improvisations within the skateboard mechanism of sensors. The Technological options such as configuration of four load sensors underneath the same trucks, hooked up to the same breakout board.

     

    The other option was to create a voltage divider using a material that varied its resistance based off of pressure – called Velostat – and read in the central node voltage using an ADC. These were some of the new ideological trends being brought into the market using technological composites.

     

    There has been a technological advancement within the battery pack management systems as well, wherein the usage of MESC or Multifunctional energy storage composite can be seen to be the latest addition within the system of electric skateboard operations. A multifunctional energy storage system is being used to improve the utilization of renewable energy supplies.

     

    This system includes three different functions of uninterruptible power supply, improvement of power quality and peak-load shaving. Additionally, nowadays, there is a growing demand for high quality power arising from an increase of system perturbation of electric grids. Peak-load shaving means in this case the use of renewable energy stored in a battery for high peak-load periods.

     

    Some companies have been introducing their collections which incorporate funky graphics and have accessories installed in the skateboards. For instance, the company Launch Snowboards launched a new skateboard line consisting of street decks, wheel kits, pintail longboards as well as drop through longboards.

     

    • April 2021, Backfire Boards launched their updated belt drive electric skateboard with ABS glass fiber composite deck which comes with 2*875 W high torque motors, 346 Wh 21700 lithium battery and 8 inch forged CNC trucks. 
    • April 2021, the company Jetsurf based in Czech Republic launched two models of electric skateboard for the first time named Airy and Race. 
    • June 2021, Evolve skateboards announced the launch of its Hadean Series which offers four times more performance than the previous GTR series with 37% more battery capacity and a top speed of 31 mph.
    • In December 2020, Meepo boards introduced a new range of battery cells, the Molicel P42A. They have also integrated the cells in high end skateboards.
    • November 2020, the manufacturer of electric skateboards Ridefaboard launched their new model Black Carve with improved specifications and carbon fibre.
    • October 2020, Backfire Ranger X3 is the latest electric terrain skateboard with super flexible drop down deck, front and back double kingpin trucks, 2X1500 w ultra-high torque hub motors, 518 wh flexible battery and R3 wireless remote control with OLED display.
    • Evolve Skateboards have launched the updated version of its new electric skateboard named Bamboo GTX electric skateboard which comes with a longboard deck. It can reach a top speed of 26 mph with smooth acceleration, the range of the battery is approximately 31 mile.

     

     

    COMPETITIVE LANDSCAPE

    The Current Electric skateboards being manufactured in the e mobility industry are being focused on a higher edge upon the possible interventions to increase the capacitance and decrease any possible limitation within the system. This has been the main focus of importance within the manufacturing stakeholders in terms of design  considerations.

     

    The company Backfire skateboards was founded in the year 2009 with a mission to deliver high quality and affordable skateboards. In the year 2012, the company launched their first electric G1 skateboard. The company Meepo Boards first started manufacturing electric skateboards in the year 2017 with Meepo Board V1.5. The number of riders using Meepo boards are now more than 60,000 in approximately 70+ countries across the globe. The company has started to organise group rides in cities around the world and co-founded the International Eskate Day which first took place in the year 2019.

     

    The Skateboard manufacturer of Boosted Stealth has introduced a new all-terrain type electric skateboard with overhauled battery packing system into the industry. It is a 17-pound longboard designed for effortless riding, comfort, and control. It all starts with the Super Flex composite deck, an adaptive, concave platform designed for comfortable long-haul riding across multiple terrain types.

     

    The Stealth has five different modes to choose from, including Boost’s new Hyper mode for those looking to push the board to its 24mph max. Shifting between each speed class is quick and easy with the Bluetooth remote. The Boosted Boards Mini X model has come up with the improvised control systems and extreme acceleration and deceleration mechanisms for better leverage on different terrain requirements. Thereby the Mini’s deck is also considerably shorter than that of previous Boosted boards, so it is easy to pick up and take on any  mode of transportation as required.

     

    The Meep AWD Pro is one of the recent inclusions within the electric skateboard technology which has aimed at increasing the hub motors efficiency and technology. It is integrated with four 540-watt hub motors. With these motors, the board boasts some of the most torque, power, and speed of the maximum possibility as required for commercial and domestic usage. It tops out at 34mph, can accelerate in 2.5 seconds from zero to 18.6mph, and can climb hills with up to a 35% grade.

     

    The companies Gaussin and Microvast have partnered to integrate Microvast’s new generation batteries with Gaussin’s electric skateboard and hydrogen applications. The hydrogen version of Gaussin’s skateboard features a hybrid system that is set to extend the vehicle’s range to 400 km using battery power.

     

    The companies Mellow Boards from Germany as well as Boosted from the US recently reduced their operations including the sale of new products online and minimising the customer services due to tough market conditions and stringent regulations. For instance, in Germany skateboards are only allowed to be used on private properties. 

     

     

    COMPANIES PROFILED

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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