How popular are electric skateboards on a global scale? Based on existing traffic laws in different countries, most places in the world still don’t acknowledge the presence of e-skates.
According to a report by the Wise Guy Consultants, the market for electric skateboards continues to grow. More and more people in North America and Europe are noticing the significant difference in speed and control between a conventional skateboard and a hot battery powered skateboard.
While there’s no solid information about the current market size of electric skateboards, the report claims that 2025 is going to be a great year for those devices. It expects e-skates to eventually generate $2.4 billion globally in a 3.1% CAGR or Compound Annual Growth Rate from 2019 to 2023.
When it comes to the most saleable types of electric skateboards[Electric Skateboard Types], the market status will significantly improve with the rise of carbon fiber e-skates. They’re going to be more popular than the ones with maple and bamboo decks.
Meanwhile, online stores will remain the best distribution and sales channels of electric skateboard manufacturers. E-skates are all about customization and it’s easier to choose the right model and components on the internet because of the wider range of choices available compared to physical stores. Also, most electric skateboards online are much more affordable.
Regarding the specific places where electric skateboards get their popularity, most users are found in North America, Europe, Asia, and Australia. To be more specific, e-skates are common in the United States, United Kingdom, China, and Sydney despite the illegal use of those devices in certain public areas.
Electric Skateboard Market vs Other Electric Transporters
It’s no surprise that the market size of electric skateboards doesn’t have a massive reach yet, which leads to limited information about their performance worldwide. Compared to electric scooters and bikes, e-skates are far from surpassing the global sales of those electronic vehicles.
According to the information gathered from the Grand View Research and Market Study Report, electric scooters and e-bikes just recently have reached $19 billion and $23 billion respectively. That’s because they’re considered by most authorities to be safer for commutes than electric skateboards. Besides, riding an e-skate[How to Ride an Electric Skateboard] requires a specific set of skills, which can only be done by advanced users.