Skateboard Shoes Market Size, Share, Growth, And Industry Analysis By Type (Men Type, Women Type) By Application (Specialty Stores, Supermarket, Online Sales, Others) Regional Forecast From 2024 to 2031

Updated On: 29 April 2024

Skateboard Shoes Market Report Overview

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The global Skateboard Shoes market size expanded rapidly in 2022, as per our research, the market is expected to generate substantial revenue by 2031, a robust CAGR during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the Skateboard Shoes market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

A style of footwear created and made especially for skateboarding. Although many non-skaters opt to wear skate shoes, the skate shoe's design incorporates many elements specifically made for skateboarding, such as a vulcanised rubber or polyurethane sole with little to no tread pattern, a composition leather or suede upper, and double or triple stitching to increase the upper material's lifespan. For comfort, a low, cushioned tongue is frequently used.

In the upcoming years, it is anticipated that the emergence of sustainable skating shoes would have a favourable effect on the market for skating shoes. By optimising its components and promoting short circuits, the sustainable method seeks to reduce the environmental effect of the manufacture of skating shoes.

The Etu for men and the Maia for women are the two distinct segment categories of K2 sustainable inline skates. These inline skates have a bamboo frame rather than an aluminium or steel one like regular skating shoes. To help cut down on transportation and fuel expenses, Greenline skates are built from materials that are at least 25% recycled, made from hemp rather than fibreglass, and are produced no more than 62.13 miles from the production facility.

COVID-19 Impact: COVID-19 Outbreak Negatively Influenced the Market

Due to the entire lockdown that caused supply chain delays, postponements, order cancellations, and a reduction in export orders, the new coronavirus pandemic had a severe impact on a number of businesses, including the footwear industry. The demand for footwear decreased significantly as a result of the closure of supermarkets, retail stores, high-end outlets, and manufacturing facilities. There have been interruptions in the supply chain as a result of China's factories and manufacturing units closing, and the cost of different raw materials has increased dramatically. The export of footwear from India to other nations has drastically decreased.

For instance, the major news source for the retail industry, Indian Retailer, said on March 31, 2020, that Agra is India's top footwear centre and exports shoes to European nations worth $406 million annually. The pandemic had a significant impact on the footwear export from Agra because these manufacturers import a variety of raw materials and components from China, a nation that was severely affected by the pandemic. These materials include cellulose board, insoles, buckles, laces, foam, and other materials. Also, the pandemic had a significant impact on both physical and online shoe sales. The closure of high-end outlet locations for well-known shoe brands like Puma and Adidas had a detrimental effect on the demand for shoes on the international market.

Latest Trends

"Enormous investment opportunities will be created by the high demand for branded, cosy, stylish, and reasonably priced footwear"

The need for branded, comfortable, stylish footwear that is affordable and delivers exceptional cushioning, reduces foot odour, and has an exquisite appearance is driving the footwear industry's rapid growth. The major worldwide shoe brands are concentrating on increasing the standard for shoe comfort and introducing improved styles. For example, Adidas, the world's largest shoemaker, introduced the Adidas ZG21 in January 2021, a lighter golf shoe that employs carbon-fiber plates implanted underfoot and enclosed in light foam. These shoes are comfortable and assist runners in increasing their speed by minimising running deviations. Also, the use of 3D printing technology in unique-designed shoes and insoles enables quick prototyping and novel production techniques that are rapidly gaining favour. Thus, it is predicted that throughout the analysis period, new technologies aimed at delivering optimum comfort and an ever-fancy appearance at a cheap price would generate enormous chances in the expansion of the footwear industry.

Skateboard Shoes Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Men Type, Women Type. Men Type is anticipated to be the leading segment.

• By Application Analysis

Based on application, the market can be divided into Specialty Stores, Supermarket, Online Sales, Others. Specialty Stores will be the dominating segment.

Driving Factors

"Health Awareness And Changing Lifestyles Will Fuel Market Expansion"

The demand for shoes is being driven by expanding countries, shifting lifestyle preferences, and rising health consciousness among those who exercise often. Also, certain footwear has therapeutic advantages that are appropriate for the elderly population. For instance, Crocs, a well-known American shoe maker, asserts that its footwear has therapeutic benefits and has earned certification from the American Podiatric Medical Association and the U.S. Ergonomics Council. The Crocs Clogs brand contains anti-bacterial qualities that assist diabetic people in addressing impaired circulation in feet and lowering the danger of wound infection. The demand for athletic footwear has also grown due to the rise in the number of health-conscious people who attend fitness facilities and engage in a variety of indoor and outdoor sports. Every age group has seen an upsurge in the demand for sports footwear. As women are more fashion-conscious and like to wear different shoes for different situations, the economic empowerment of women throughout many nations has led to significant career prospects and increased demand for non-athletic footwear. Over the projected period, all of these factors are anticipated to fuel market expansion and footwear demand.

The fitness advantages of skating are one of the main elements fueling market expansion for skating shoes. According to Roller Skating International, roller skating provides the same cardio benefits as jogging at a speed of at least ten miles per hour. Roller sports are recognised as an excellent type of aerobic exercise by the American Heart Association. The average roller skater's heart rate climbs to between 140 and 160 beats per minute when skating at a moderate speed. For a person weighing 143 pounds, only one hour of moderate-speed roller skating may burn up to 330 calories. Another beneficial exercise for battling diabetes is roller skating. Throughout the projected period, other factors including the growing number of health-conscious consumers will also contribute to market growth.

Restraining Factors

"Availability Of Counterfeit Goods Will Limit Market Expansion"

The market expansion is expected to be constrained by the availability of a wide range of fake goods that replicate the real thing and sell fake footwear for less money. Adidas, UGG, Puma, and other well-known worldwide footwear companies are among those that suffer the most from imitation goods. Many fake shoe brands have been identified on online marketplaces, where the vendors utilize real product photos taken from the companies and then send the fake goods once an order is placed. These elements are anticipated to restrain the expansion of the footwear industry during the research year.

Skateboard Shoes Market Regional Insights

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"North American Market To See Substantial Growth"

By 2031, revenue from the North American industry is expected to reach $115,162.7 million, representing a CAGR of 3.8%. It is predicted that the expansion of the market in the North American area would be fueled by high expenditure on high-end footwear, the expanding trend of trendy shoes, and the existence of high disposable income. In North America, the demand for eco-friendly footwear that can be recycled and has no negative environmental effect is increasing quickly, and many businesses are following suit. For instance, Adidas, a well-known shoe maker, is actively focusing on creating sustainable shoes from sustainable cotton or recycled polyester. According to the corporation, by 2021, 60% of its goods will be sustainable. In addition, as more individuals participate in indoor and outdoor sports, physical activity, and other activities, there is an increase in health consciousness, which is another growth-driving element. In North America, there has been a considerable growth in the number of working professionals, which has increased demand for non-athletic footwear such formal shoes, sandals, flip flops, heels, wedges, and other styles. In the following years, it is predicted that each of these factors will increase demand for the North American footwear industry.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Nike (U.S.)
• Adidas (Germany)
• Vans (U.S.)
• DC Shoes (U.S.)
• Emerica (U.S.)
• eS Skateboarding (U.S.)
• Globe Shoes (Australia)
• SUPRA Footwear (U.S.)
• Fallen Footwear (U.S.)
• Osiris Shoes (U.S.)
• Lakai (U.S.)
• Etnies (U.S.)
• C1RCA (U.S.)
• Adio Footwear (U.S.)
• DVS Shoes (U.S.)
• HUF (U.S.)
• New Balance (U.S.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.