The US skateboarding shoes market is anticipated to grow at a CAGR 2.7% during the forecast period. The increasing skateboarding activities coupled with significant number of skate park in the country is creating a huge demand for skateboarding shoes thus, driving the market. Additionally, the high funding for the skateparks across the country is also creating positive impact on the skateboarding shoes market. For instance, in 2019, around $9 million has been awarded by The Skatepark Project to create public skateparks. Around 623 skatepark projects in all 50 states have received funding from The Skatepark Project in the country.
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Moreover, increasing number of professional as well as amateur skateboarders in the country is further projected to contribute to the skateboard shoes market. As per the Tony Hawk Foundation In 2018 there were more than 9.2 million skateboarders in the US.
The US skateboarding shoes market is segmented based on type and end-user. Based on the type, the market is sub-segmented into and. Further, based on the end-user, the market is sub-segmented into men and women.
The key players of the US skateboarding shoes market include DC Shoes Inc., Emerica, New Balance Athletics, Inc, Lakai Footwear Ltd., Levi Strauss & Co., Nike Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers, and acquisitions, and collaborations to stay competitive in the market. For instance, in September 2020, New Balance collaborated with Junya Watanabe MAN to launch the Numeric 379 footwear label’s skateboarding line. The shoes will be available in colorways of beige, navy, and black for $225. The recently launched shoe follows the earlier launched bright yellow COMP100 shoes that was unveiled back in March 2020 by the collaboration of the company with the same brand.
Research Methodology
The market study of the US skateboarding shoes market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report is intended for skateboard manufacturers, shoe manufacturers, raw material suppliers, sports industry, sports event organizing committees, government organizations, regulatory bodies, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, different products, and growth opportunities in the market. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Market Segmentation
The Report Covers
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Market Determinants
3.1. Motivators
3.2. Restraints
3.3. Opportunities
4. Market Segmentation
4.1. US Skateboard Shoes Market by Insulation Material
4.1.1. Cupsole Shoes
4.1.2. Vulcanized Sole Shoes
4.2. US Skateboard Shoes Market by End-User
4.2.1. Men
4.2.2. Women
5. Company Profiles
5.1. C1RCA Footwear
5.2. DC Shoes Inc.
5.3. Dekline Footwear
5.4. DVS Shoes Co., Inc.
5.5. Emerica
5.6. Lakai Footwear Ltd.
5.7. Levi Strauss & Co.
5.8. New Balance Athletics, Inc.
5.9. NIKE, Inc.
5.10. VF Corp.
5.11. World Industries
1. US SKATEBOARD SHOES MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)
2. US SKATEBOARD SHOES MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
1. US SKATEBOARD SHOES MARKET SHARE BY INSULATION MATERIAL, 2018 VS 2025 (%)
2. US SKATEBOARD SHOES MARKET SHARE BY END-USE INDUSTRY, 2018 VS 2025 (%)
3. US SKATEBOARD SHOES MARKET SIZE, 2018-2025 ($ MILLION)