Skateboarding has come a long way since its humble beginnings in the 1940s. Today, it’s a multi-billion dollar industry with a worldwide following. As the industry continues to grow and evolve, we can expect to see even more records broken, new parks built, and innovations in skateboarding gear.
Here are some interesting stats about the industry that you may not know:
- In 2018, the global skateboard market size was valued at USD 1.94 billion, which includes regular skateboards, longboards, and cruisers.
- Longboarding is expected to grow at a Compound Annual Growth Rate of 3.8% from 2019 to 2025.
- The worldwide skateboard market is expected to grow at a CAGR of roughly 2.1% over the next five years and reach 170 million US Dollars in 2024, other research is more optimistic and predicts annual growth of 3% for the next five years.
- Skateboarding had around 6.44 million participants in the United States in 2017, with 1.4 million aged 18 to 24.
- About 40% of skateboarders also ride longboards, which is an entirely different way of riding.
- Most skateboarders are under 18, but in 2006, about 71% were between 12 and 17. These days they only represent 45% of the total participants.
- According to data, there are over 3500 skateparks worldwide and over 500 in the US alone.
- Sacramento, CA, has the second-highest number of skateparks per 100,000 residents at 3.2, while New York and Los Angeles have 26 and 28 skateparks, respectively.
- China’s skateboarding scene is not as big yet, but since 2015 they have had two of the biggest skateparks in the world.
- Danny Way owns the record for the highest air pulled off in 2015, with an impressive 7.772m or 25.49ft.
- Jagger Eaton holds the record for the longest 50-50 grind, which he accomplished in October 2016 in Los Angeles, with 62.1792 meters/204 feet.
- Kyle Wester holds the world speed record for skateboarding, with a top speed of 89.41 mph (143.89 kmph in science units).
- The richest skateboarder in the world is Tony Hawk, with a net worth estimated between 100 and 120 million dollars.
- Most pro skaters don’t make much; the average monthly rate is $1,000 to $10,000.
- Board sponsors pay between $1,500 and $2,500 monthly, wheel companies around $2000 and up, and truck companies no more than $250.
- Skateboarding is a lot cheaper, with families estimated to spend around 390 U.S. dollars each year, with 109 dollars going towards buying equipment.
- Sporting goods stores only make up 3.1% of skateboard sales.
- The skateboard market in the United States was valued at approximately 532.5 million U.S. dollars in 2018. This market will be worth approximately 649.5 million US dollars by 2025.
- In 2018, the worldwide skateboard market was valued at roughly 1.94 billion US dollars.
- Texas has the most skate parks per resident of any city in the world, with 268,976 residents and 11 skate parks. That beats out Sacramento, Reno, and Vegas by a landslide.
- Skateboarding’s popularity in the United States surged in 2020 and 2021, with about 8.8 million yearly participants aged six and above. In previous years, the number of skateboarders in the United States had stagnated at around 6.4 million.
- In England, approximately 103,800 adults were skateboarding monthly as of November 2021.
- 1 in 8 adults in the UK says they skateboard.
- Over 50,000 people participate in skateboarding in the UK.
- Males comprise 77.1% of all skaters, core skaters comprise 77.1%, and core skaters comprise 83.4%. Female skaters make up 23.9% of all skaters, while core skaters make up 16.6% of all skaters.
- From 2020 to 2021, female skateboarders grew by about 24 percent. For the Duke of Edinburgh award in the UK, the number of girls who chose skateboarding rose by 800% from 2017 to 2022.
- The GMP Skatepark in Guangzhou takes up 182,000 square feet. It’s located within a massive sports complex surrounded by 10 universities, so college students can easily access sports and recreation.
- The best make up to $10,000 a month, but some make as little as $1,000.
- Tony Hawk’s Foundation has built 623 skate parks.
- In Laredo, Texas, there were 3.4 skateboard parks per 100,000 residents in 2021.
- The skateboard market size is estimated to be worth US$ 148.2 million in 2022 and is forecast to be a readjusted size of US$ 166.8 million by 2028, with a CAGR of 2.0% during the review period.
Conclusion
Skateboarding has become a globally recognized sport and cultural phenomenon that continues to grow in popularity. From the streets to dedicated skate parks, skateboarding has become a staple of youth culture worldwide. With the emergence of social media and streaming platforms, skateboarding has garnered even more attention and a new generation of fans.
As the skateboarding market continues to expand, there is no doubt that this trend will continue. It is an exciting time for the sport as more and more people embrace skateboarding as a form of recreation, competition, and art. There has never been a better time to pick up a board and join the skateboarding community. You can even start by reviewing our blogs to learn more about skateboarding.
