How Much Is the Skateboarding Industry Worth?

Is Skateboarding a Growing Sport?

Skateboarding posed risks of injury but had benefits such as keeping kids active and teaching goal setting. Despite these risks, it helped with fitness and social interaction. Skate parks played a significant role in fostering friendships and connections.

Skateboarding Industry Statistics

  • There were about 20 million skateboards globally, with 16 million in the U.S.
  • The average skater was between 9 and 17 years old, with a predominantly male population, but female skaters were showing growth in numbers.

Challenges Faced by Skateboarding Companies

Skateboarding companies encountered financial difficulties, particularly exacerbated by the excess stock from a surge in skateboarding during COVID-19. The cancellation of events like the X Games added to the existing concerns surrounding the industry.

Trends in Skateboarding Participation

Despite the declining involvement across age groups and reduced online searches for skateboards and parks, skateboarding has experienced a resurgence in popularity over the last five years leading to a flourishing industry. The sport has seen declining participation and closures of companies, indicating a period of challenge and change.

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