Global Cycling and Skateboarding Equipment Market Size Study, By Type, By Distribution Channel, and Regional Forecasts 2022-2032

Description

Global Cycling and Skateboarding Equipment Market is valued at approximately USD 70.5 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 9.5% over the forecast period 2024-2032. The cycling and skateboarding equipment market encompasses a wide range of products catering to both recreational and competitive use, including bicycles, skateboards, protective gear, maintenance tools, and accessories. This market is witnessing robust growth due to increasing interest in outdoor activities, health and fitness trends, and the growing adoption of eco-friendly transportation alternatives. As urbanization accelerates and infrastructure for cycling and skateboarding improves, the market is set to expand further, catering to diverse consumer needs and preferences.

The rising popularity of electric bikes (e-bikes) is significantly boosting the demand for cycling and skateboarding equipment. E-bikes offer a more accessible and efficient alternative to traditional bicycles, appealing to a broader demographic, including commuters and older adults. Their alignment with global sustainability goals and the push towards reducing carbon footprints further drives adoption. As more people turn to e-bikes for convenience and cost-effectiveness, the demand for related equipment such as helmets, protective gear, and maintenance tools surges. This trend is further amplified by advancements in battery technology, making e-bikes more affordable and reliable, thereby expanding their market presence and contributing to the overall growth of the cycling and skateboarding equipment market.

However, the market faces challenges, particularly the high costs associated with premium equipment. Advanced materials, innovative design, and cutting-edge technology often result in elevated prices for top-tier bicycles, skateboards, and accessories, which can deter potential consumers. This financial barrier limits the market's growth as consumers may opt for cheaper, lower-quality alternatives or forego purchasing altogether, especially in economically diverse regions. These factors could slow down the expansion of the cycling and skateboarding equipment market.

On the other hand, the integration of AI and IoT technologies presents substantial opportunities for market growth. Smart bikes and skateboards equipped with IoT sensors and AI capabilities offer enhanced safety, performance tracking, and connectivity, appealing to tech-savvy consumers. These innovations enable real-time data collection and analysis, providing users with insights into their riding patterns, health metrics, and maintenance needs. As technology advances, manufacturers are likely to develop even more sophisticated equipment, further driving market growth and allowing for product differentiation in a competitive landscape.

The key regions considered for the global Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America holds a significant share in the cycling and skateboarding equipment market, driven by a well-established culture of outdoor sports and fitness. The presence of key manufacturers and high consumer spending power fuels market growth in this region. Europe follows closely, with strong emphasis on sustainable transportation and extensive cycling infrastructure supporting market expansion. The Asia-Pacific region is also emerging as a significant player, particularly in countries like China and Japan, where increasing urbanization and rising disposable incomes are boosting demand. Each region's unique blend of cultural, economic, and infrastructural factors shapes its market outlook, with North America currently leading the way.

Major market players included in this report are:

GT Bicycles, Inc.
Fuji Bikes
SCOTT Sports SA
Almost Skateboards
Zero Skateboards
Plan B
Element Skateboards
DT Swiss AG
Endura Ltd
Alien Workshop
Trek Bicycle Corporation
Specialized Bicycle Components, Inc.
Shimano Inc.
Giant Manufacturing Co. Ltd.
Cannondale Bicycle Corporation

The detailed segments and sub-segment of the market are explained below:

By Type

Skin Suit
Wrist Guards
Protective Helmet
Knee Pads
Mouth Guard
Others

By Distribution Channel

Sport Shop
Online Retail
Departmental Stores
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Cycling and Skateboarding Equipment Market Executive Summary

1.1. Global Cycling and Skateboarding Equipment Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Distribution Channel
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Cycling and Skateboarding Equipment Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Cycling and Skateboarding Equipment Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Popularity of E-Bikes
- 3.1.2. Growing Interest in Outdoor Activities and Health Trends
3.2. Market Challenges
- 3.2.1. High Costs of Premium Equipment
3.3. Market Opportunities
- 3.3.1. Integration of AI and IoT Technologies

Chapter 4. Global Cycling and Skateboarding Equipment Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Cycling and Skateboarding Equipment Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Cycling and Skateboarding Equipment Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Skin Suit
- 5.2.2. Wrist Guards
- 5.2.3. Protective Helmet
- 5.2.4. Knee Pads
- 5.2.5. Mouth Guard
- 5.2.6. Others

Chapter 6. Global Cycling and Skateboarding Equipment Market Size & Forecasts by Distribution Channel 2022-2032

6.1. Segment Dashboard
6.2. Global Cycling and Skateboarding Equipment Market: Distribution Channel Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Sport Shop
- 6.2.2. Online Retail
- 6.2.3. Departmental Stores
- 6.2.4. Others

Chapter 7. Global Cycling and Skateboarding Equipment Market Size & Forecasts by Region 2022-2032

7.1. North America Cycling and Skateboarding Equipment Market
- 7.1.1. U.S. Cycling and Skateboarding Equipment Market
  - 7.1.1.1. Type breakdown size & forecasts, 2022-2032
  - 7.1.1.2. Distribution Channel breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Cycling and Skateboarding Equipment Market
7.2. Europe Cycling and Skateboarding Equipment Market
- 7.2.1. U.K. Cycling and Skateboarding Equipment Market
- 7.2.2. Germany Cycling and Skateboarding Equipment Market
- 7.2.3. France Cycling and Skateboarding Equipment Market
- 7.2.4. Spain Cycling and Skateboarding Equipment Market
- 7.2.5. Italy Cycling and Skateboarding Equipment Market
- 7.2.6. Rest of Europe Cycling and Skateboarding Equipment Market
7.3. Asia-Pacific Cycling and Skateboarding Equipment Market
- 7.3.1. China Cycling and Skateboarding Equipment Market
- 7.3.2. India Cycling and Skateboarding Equipment Market
- 7.3.3. Japan Cycling and Skateboarding Equipment Market
- 7.3.4. Australia Cycling and Skateboarding Equipment Market
- 7.3.5. South Korea Cycling and Skateboarding Equipment Market
- 7.3.6. Rest of Asia Pacific Cycling and Skateboarding Equipment Market
7.4. Latin America Cycling and Skateboarding Equipment Market
- 7.4.1. Brazil Cycling and Skateboarding Equipment Market
- 7.4.2. Mexico Cycling and Skateboarding Equipment Market
- 7.4.3. Rest of Latin America Cycling and Skateboarding Equipment Market
7.5. Middle East & Africa Cycling and Skateboarding Equipment Market
- 7.5.1. Saudi Arabia Cycling and Skateboarding Equipment Market
- 7.5.2. South Africa Cycling and Skateboarding Equipment Market
- 7.5.3. Rest of Middle East & Africa Cycling and Skateboarding Equipment Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. GT Bicycles, Inc.
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Fuji Bikes
- 8.3.3. SCOTT Sports SA
- 8.3.4. Almost Skateboards
- 8.3.5. Zero Skateboards
- 8.3.6. Plan B
- 8.3.7. Element Skateboards
- 8.3.8. DT Swiss AG
- 8.3.9. Endura Ltd
- 8.3.10. Alien Workshop
- 8.3.11. Trek Bicycle Corporation
- 8.3.12. Specialized Bicycle Components, Inc.
- 8.3.13. Shimano Inc.
- 8.3.14. Giant Manufacturing Co. Ltd.
- 8.3.15. Cannondale Bicycle Corporation

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes