Global Electric Skateboard Market 2022-2027

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    GLOBAL ELECTRIC SKATEBOARD MARKET

    KEY FINDINGS

    1. The market is based mainly out of USA and Europe right now but there is an increasing presence in other regions of the globe such as Australia, Singapore, etc. 
    2. Electric skateboards were preferred in the United States, Australia, and Europe due to their smaller size, ease of use, and faster speed than conventional skateboards. 
    3. In US, many parents encourage their children to use skateboards because of the numerous benefits skating provides, such as weight management, no coaching fees, and lower transportation costs.
    4. As of 2022, there are no blanket rules for electric skateboard laws in Europe. Each country regulates the use of electric skateboards on its own.
    5. Connected features such as infrared connections, Wi-Fi, and Bluetooth, as well as technological advancements, are resulting in the development of innovative and AI-powered electric skateboards.
    6. Current electric skateboards in the e mobility industry are focusing on a higher edge on the possible interventions to boost inductance and eliminate any potential system limitations.
    7. A significant advancement is the incorporation of weight-based sensors into the system of electric skateboard operation and movement.
    8. Many players are investing in research and development to create lighter, cheaper, and more advanced electric skateboards.
    9. Evolve Skateboards has launched the Hadean Series in 2021. With a top speed of 31mph, it will have four times the performance of its predecessor, the GTR series, and 37 percent more battery capacity.
    10. Chinese electric skateboard company WowGo launched a 3,000W all-terrain electric skateboard that propels the board up to a maximum speed of 25 mph (40 km/h).

     

    INTRODUCTION

    An electric skateboard, also known as an e-board, e-skateboard, or Esk8, is a skateboard powered by an electric motor. Electric skateboards have individual acceleration and braking systems.

     

    An electric skateboard is remarkably similar to a standard skateboard or longboard (long and more stable skateboard). The most noticeable distinction is in the accelerating and braking processes.

     

    To move forward on an electric skateboard, you no longer need to kick push with your foot. It is done for the user by the electric motor. Furthermore, e-boards have brakes.

     

    To slow down, the user does not need to brake with the foot. The operational pull of the trigger on the remote control causes the e-skateboard to slow down independently.

     

    Electric skateboards are identical to traditional skateboards, about how they’re propelled forward by an electric motor. Normally, the operational handling is carried out in the order of releasing the throttle and regulating the speed and brake with a hand-held remote control.

     

    The e-battery, skateboard’s which powers the electric motor, is housed beneath the deck. The backbone of an electric skateboard is made up of specially designed skateboard decks.

     

    They resemble the standard contemporary deck in design and, in most cases, size. This makes them nimble and simple to ride. Electric skateboards differ the most from their non-electric equivalents in their trucks. 

     

     

    infographic: Electric Skateboard Market, Electric Skateboard Market Size, Electric Skateboard Market Trends, Electric Skateboard Market Forecast, Electric Skateboard Market Risks, Electric Skateboard Market Report, Electric Skateboard Market Share

     

     

    The trucks on electric skateboards have indeed been built to be powered by an electric motor, which contains the skateboard’s power systems.

     

    The motors are either mounted beneath the deck or within the wheels. Today’s motorised skateboards are electrically powered and are considerably sleeker and more appealing.

     

    The remote-control principle is used to operate the electric skateboard, with the trigger on the remote control being pulled to open the throttle.

     

    The data will be sent from the remote control to the circuit board’s Electronic Speed Controller (ESC) through electromagnetic waves. The ESC evaluates information received from the Bluetooth receiver.

     

    The deck is the most important component of an electric skateboard. It is the platform, or board, on which the rider stands when riding. Typically, the deck is composed of wood.

     

    Standard industry boards are made up of 3 to 12 plies of hardwood (e.g., maple wood) bonded together and pressed into a concave form. For strength and stiffness, some deck producers utilize a layer (or ply) of fiberglass or carbon.

     

    To know more about Global Micromobility Market, read our report

     

    ELECTRIC SKATEBOARD MARKET DYNAMICS

    SI No Timeline Company Developments
    1 February 2021 Sleeping Bear Capital Sleeping Bear Capital, announced that it has acquired Venice Longboards, a leading skateboarding e-commerce and lifestyle brand that specializes in electric longboards.
    2 March 2022 Exway Flex  The Exway Flex Electric Longboard pairs alternating layers of multi-directional fiberglass and bamboo to create a super-tough and elastic deck.
    4 March 2022 Onewheel Pint The Onewheel Pint distils the riding experience into a small package for every-day journeys, powered by a 750 Watt motor housed in a 10.5 inch fat tyre positioned at the center of the board.
    5 March 2022 Boosted Mini X

     

    The board features a unique concave shape that locks users’ feet in position for maximum control and response and a kicktail enables sharp 90 degree turns for ultimate maneuverability.

     

     

    As we went into a generation when everything is controlled by electricity. The board is driven by an electric motor powered by a battery pack and is designed for easy and quick riding, with the user just leaning forward to progress and backward to slow down or stop.

     

    Because of its adaptable design, the electric-powered skateboard is easy to transport anywhere and is also appropriate for off-road situations.

     

    The feature of cruise control has just been added to the market. Cruise control is a useful function seen in many automobiles, and it is feasible to put it on an electric skateboard to make the ride even more comfortable.

     

    infographic: Electric Skateboard Market, Electric Skateboard Market Size, Electric Skateboard Market Trends, Electric Skateboard Market Forecast, Electric Skateboard Market Risks, Electric Skateboard Market Report, Electric Skateboard Market Share

     

    This allows the user to maintain a steady pace even when cycling across terrain with varied grades. So, after the user has found a comfortable pace, he or she will have the option of remaining at that speed without manually altering the motor and speed.

     

    With the introduction of electric skateboards, skateboards are seeing significant breakthroughs for the first time since the advent of urethane wheels.

     

    Each urethane wheel’s durability, hardness, colour, flexibility, and so on may be adjusted, and the capacity of making urethane wheels that satisfy a range of needs, such as v-groove urethane wheels for conveyors or robotic urethane wheels, is rather high.

     

    It is critical to have the proper degree of correlation and efficiency within the vehicular systems as part of Last Mile solutions in many sectors to execute a short distance trip. An innovative technique is used to envision, design, and build a final mile vehicle.

     

     

    ELECTRIC SKATEBOARD MARKET SEGMENTATION

    The Global Electric Skateboard Market 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

     

    RECENT TECHNOLOGICAL TRENDS IN ELECTRIC SKATEBOARD MARKET

    Improving environmental friendliness, dependability, durability, and energy efficiency is a major focus in the car industry. New approaches are being developed, such as the introduction of new lightweight materials that are less damaging, as well as regulated combustion of fuels and effective lubrication that regulates the environmental problems caused by automobiles.

     

    The incorporation of weight-based sensors into the system of electric skateboard operation and movement is a recent breakthrough.

     

    This is based on sensor modification and composite improvisations inside the skateboard system. Configuration choices, for example, are technological alternatives.

     

    Technological alternatives include installing four load sensors beneath the same vehicles and connecting them to the same breakout board.

     

    infographic: Electric Skateboard Market, Electric Skateboard Market Size, Electric Skateboard Market Trends, Electric Skateboard Market Forecast, Electric Skateboard Market Risks, Electric Skateboard Market Report, Electric Skateboard Market Share

     

    The other alternative was to build a voltage divider out of a material called Velostat that changed its resistance dependent on pressure and read in the center node voltage with an ADC.

     

    These were some of the new ideological trends introduced into the market by the use of technical composites. There has also been a technical breakthrough in battery pack management systems, with the use of MESC.

     

    This system contains three distinct functions: uninterruptible power supply, power quality enhancement, and peak-load shaving.

     

    Furthermore, because to a growth in system disturbance of electric networks, there is a growing demand for high quality electricity currently. Peak-load shaving in this context refers to the utilization of renewable energy stored in a battery during high peak-load times.

     

    ELECTRIC SKATEBOARD MARKET IN EUROPE

     

    As of 2022, there are no blanket rules for electric skateboard laws in Europe. Each country regulates the use of electric skateboards on its own.

     

    SI No Country Legal/Illegal
    1 Austria Illegal
    2 Belgium Legal
    3 Croatia Illegal
    4 Czech Republic Illegal
    5 Denmark Legal
    6 Finland Legal
    7 France Legal
    8 Germany Illegal
    9 Greece Illegal
    10 Iceland Illegal
    11 Ireland Illegal
    12 Italy Illegal
    13 Lithuania Illegal
    14 Netherlands Illegal
    15 Poland Illegal
    16 Portugal Illegal
    17 Spain Legal
    18 Sweden Legal
    19 Switzerland Illegal

     

    RECENT LAUNCH

    Ridefaboard, an electric skateboard retailer and manufacturer, has just released a completely new model of electric skateboard, the Black Carve. This would be the model’s third iteration, with substantial improvements over previous versions.

     

    Before the official debut, the business teased the model with numerous sneak peaks. It had been a long time coming for them to disclose it.

     

    The new Black Carve is the industry’s highest quality of electric skateboard at the present, featuring improvements over previous versions.

     

    The black carve has a top speed of 32 mph and a range of 26 miles. They deliver a highly comfortable ride with double suspension trucks and 78a wheels.

     

    Evolve Skateboards, the world’s leading electric skateboard manufacturer, has introduced the Hadean Series. Hadean will have four times the performance of its predecessor, the GTR series, which was released in 2019, as well as a higher battery capacity and top speed, making it the most sophisticated electric skateboard ever made.

     

    The Hadean Carbon is the world’s first chassis-style frame, a patent-pending concept that allows Evolve to boost performance without sacrificing size or their signature low-profile aesthetic. Evolve used forged carbon fibre, which can be seen on top-of-the-line high-performance supercars like Lamborghini, to obtain the strength required in the deck frame structure. Another industry first is the air vents on the deck, which assist keep the internal electronics cool.

     

    Another industry first is the air vents on the deck, which assist keep the internal electronics cool.

     

    The Hadean Carbon is the world’s first “chassis” skateboard deck, made of forged carbon fibre, the same material used in planes and racing cars. A forged carbon composite frame allows for seamless integration of technology and ride performance. 

     

    The high fibre content and strand orientation variety provide the strength required for a next-generation electric system without adding bulk. The rider will get superior performance, including speed and range, on this board without sacrificing the best riding sensation.

     

    ELECTRIC SKATEBOARD MARKET COMPETITIVE LANDSCAPE

    SI No Timeline Company Developments
    1  

    March 2022

     

    Lilium

    Germany-based Lilium stated that it has inked an agreement with NetJets Inc., the world’s largest private jet firm, to purchase up to 150 eVTOL craft for commercial use. Lilium planes would be designed to fly four to six passengers under the agreement, and NetJets would sell them to clients in the US and Europe under shared-ownership arrangements.
    2 January 2021 Lime Scooter sharing company Lime is scooping up the assets of defunct electric skateboard startup Boosted. At least five of Boosted’s core patents were assigned to Lime’s holding company
    4 May 2021 Future Motion  Future Motion has raised $3.2 million for its one-wheeled electric skateboard, dubbed Onewheel.The Onewheel is part of a wave of electric skateboards, hoverboards, and other devices.

     

     

    Current electric skateboards being created in the e mobility business are focusing on a higher edge on the possible interventions to boost inductance and eliminate any potential limitations inside the system. In terms of design considerations, this has been the primary focus of significance among industrial players.

     

    It’s a 17-pound longboard made for easy riding, safety, and control. It all starts with the Super Flex composite deck, an adjustable, concave base engineered for long-distance comfort across a variety of terrain types.

     

    The Stealth features five settings to select from, including Boost’s new Hyper mode for those who want to push the board to its top speed of 24mph.

     

    With the Bluetooth remote, switching between speed classes is quick and simple. The Boosted Boards Mini X model includes improved control systems as well as severe acceleration and deceleration mechanisms for more leverage on various terrain needs.

     

    As a result, the Mini’s deck is far shorter than that of prior Boosted boards, making it easier to pick up and carry on any means of transportation as needed.

     

    infographic: Electric Skateboard Market, Electric Skateboard Market Size, Electric Skateboard Market Trends, Electric Skateboard Market Forecast, Electric Skateboard Market Risks, Electric Skateboard Market Report, Electric Skateboard Market Share

     

    The Meep AWD Pro is a recent addition to the electric skateboard innovation that aims to improve the efficiency and technology of the hub motors.

     

    It has four 540-watt hub motors built in. With these motors, the board claims some of the highest torque, power, and speed possible for commercial and home use.

     

    It has a peak speed of 34 mph, can accelerate from zero to 18.6 mph in 2.5 seconds, and can climb slopes with up to a 35% gradient.

     

    ELECTRIC SKATEBOARD MARKET 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, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    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, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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