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Electric Skateboard Market Poised for Growth with 5.4% CAGR as Demand Surges for Adventure Sports and Customization | Valuates Reports

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BANGALORE, India, Nov. 6, 2024 /PRNewswire/ — Electric Skateboard Market is Segmented by Type (Carbon Fiber Composite Deck, Maple Deck), by Application (Offline Chain Store, Online Store): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The Global Electric Skateboard Market was valued at USD 1562.2 Million in 2023 and is anticipated to reach USD 2245.9 Million by 2030, witnessing a CAGR of 5.4% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Electric Skateboard Market:

The Electric Skateboard Market is set for continued growth as eco-conscious and micro-mobility trends gain traction globally. Factors such as rising youth interest in adventure sports, increasing demand for customizable options, and the expansion of e-commerce channels are driving the market forward.

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TRENDS INFLUENCING THE GROWTH OF THE ELECTRIC SKATEBOARD MARKET:

Maple decks are popular in the electric skateboard market due to their durability, flexibility, and responsiveness, making them a preferred choice for riders. Maple wood provides a smooth ride and excellent stability, which appeals to both beginner and advanced users. This material also allows for better handling on various terrains, enhancing the user experience. As a result, the demand for electric skateboards with maple decks is rising, pushing manufacturers to incorporate this material in their designs, thereby driving market growth.

Carbon fiber composite decks are gaining traction in the electric skateboard market due to their lightweight nature and high strength. These decks are especially appealing to performance-oriented riders looking for speed and agility. Carbon fiber’s durability and shock-absorbing qualities offer a smoother ride while reducing board weight, making electric skateboards more portable and easy to handle. As riders prioritize performance, the use of carbon fiber in skateboard decks is contributing to the expansion of the electric skateboard market.

Online stores are crucial for the growth of the electric skateboard market, offering consumers convenient access to a wide range of products. E-commerce platforms provide detailed product descriptions, customer reviews, and often, competitive pricing, making it easier for potential buyers to make informed decisions. The availability of international shipping and diverse brands online has widened the consumer base, especially in regions with limited brick-and-mortar skateboard retailers. The growing popularity of online shopping is thus boosting the accessibility and sales of electric skateboards.

As more consumers prioritize eco-friendly transportation options, electric skateboards have emerged as a sustainable choice for short commutes. These boards produce zero emissions and consume less energy compared to other motorized options, aligning with the goals of environmentally conscious consumers. The shift towards greener urban transportation is leading to increased adoption of electric skateboards, contributing to market growth as manufacturers develop more energy-efficient models to meet this demand.

The demand for micro-mobility solutions, such as electric skateboards, is on the rise, particularly in congested urban areas. Electric skateboards offer a convenient and flexible mode of transportation that allows users to bypass traffic and reach destinations quickly. This growing trend towards micro-mobility is boosting the electric skateboard market, as consumers seek alternatives to traditional transportation methods that are cost-effective and reduce travel time.

Youth interest in adventure and extreme sports is a significant factor driving the electric skateboard market. Electric skateboards offer a thrilling experience that combines the excitement of skateboarding with the convenience of motorized travel. Social media platforms also play a role in popularizing these sports, inspiring more young people to invest in electric skateboards. This trend is pushing manufacturers to develop innovative and stylish models that appeal to the youth demographic, contributing to market growth.

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ELECTRIC SKATEBOARD MARKET SHARE ANALYSIS:

The Electric Skateboard Market shows substantial growth in different regions. North America and Europe lead the market due to high consumer interest in eco-friendly mobility solutions and recreational activities. Asia-Pacific, particularly China and Japan, is also experiencing rapid growth, driven by urbanization and rising disposable incomes. Developing regions, such as Latin America and the Middle East, are witnessing a steady increase in demand as electric skateboards gain popularity among young, urban consumers. The diverse regional dynamics contribute to the global growth of the electric skateboard market.

Key Companies:

Marbel TechnologyEvolve SkateboardsInboardBoosted BoardsYuneec InternationalMellow BoardZboardLEIF TechBolt MotionFiiKMelonboardMagnetoGenesisStary Board

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Arjo and Bruin Biometrics conclude distribution agreement, Bruin Biometrics resumes direct sales and marketing of Provizio® SEM Scanner

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LOS ANGELES and LONDON, Nov. 6, 2024 /PRNewswire/ — Today Bruin Biometrics and Arjo announce the immediate transition of direct sales and marketing of the Provizio® SEM Scanner to Bruin Biometrics, following four years of cooperation between the companies.

As communicated earlier this year, the companies decided not to extend the distribution agreement for the Provizio SEM Scanner. Accordingly, and effective today, all sales and marketing of the Provizio SEM Scanner products transition from Arjo to Bruin Biometrics. Both companies remain fully committed to supporting customers throughout the process to ensure a continued high level of customer service.

“Supporting Provizio SEM Scanner users’ work to achieve a zero incidence of preventable pressure injuries in all care settings is our top priority and we look forward to supporting Provizio SEM Scanner users directly to help overcome this challenge,” commented Bruin Biometrics’ CEO, Martin Burns.

“Pressure injuries represent a significant economic challenge for healthcare systems worldwide, and Arjo has extensive experience in both prevention and treatment within this area. We see a growing interest for our other solutions and are fully committed to continue supporting our customers in their efforts to prevent pressure injuries,” says Joacim Lindoff, President & CEO of Arjo.

For more information about Bruin Biometrics, please contact:
Kate Hancock, EVP External Communications, Bruin Biometrics Tel: +447827315347
Email: khancock@bruinbiometrics.com

Media contact details:
Joanna Dodd, Alicia Barkle Rochester PR Group: joanna.dodd@rochesterprgroup.com, alicia.barkle@rochesterprgroup.com 

ABOUT Bruin Biometrics

Bruin Biometrics LLC is a pioneer in modernizing healthcare with biometric sensor technology for early detection and monitoring of chronic, preventable conditions in collaboration with clinicians. Bruin Biometrics work on SEM Assessment Technology has been recognized with multiple global healthcare innovation awards and is implemented in healthcare facilities across a variety of care settings. Bruin Biometrics HQ is based in Los Angeles, USA.

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Opus IVS and Protech Automotive Solutions Announce Collaboration on Industry-Leading ADAS Identification Solution

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DEXTER, Mich., Nov. 6, 2024 /PRNewswire/ — Opus IVS, a global leader in intelligent vehicle support solutions, is pleased to announce a new partnership with Protech Automotive Solutions, the largest national provider of Advanced Driver-Assistance System (ADAS) diagnostic scanning and calibration services, which will enhance Opus IVS’s ADAS MAP (Advanced Driver Assistance Systems Mapping) solution. This collaboration will deliver extensive ADAS identification capabilities, combining the advanced ADAS technologies of both companies – with Opus IVS licensing Protech’s ADAS ID3 technology to bring new innovations to the industry-leading ADAS MAP platform.

The Opus IVS and Protech partnership will create a seamless ADAS identification solution that enables technicians to quickly and accurately identify ADAS systems, empowering repair shops to make well- informed repair and calibration decisions. With Protech Automotive Solutions, the nation’s largest car- side provider, this partnership will offer an enhanced solution to power leading U.S. multi-shop operators (MSOs). Additionally, Opus IVS recently announced that major insurers now recognize ADAS MAP’s accuracy, which leads to increased reimbursement for repair shops and adds significant value for the industry.

“This collaboration between Opus IVS and Protech represents a breakthrough in delivering accessible ADAS insights,” said Brian Herron, CEO of Opus IVS. “By joining forces, we’re building a more powerful ADAS solution for collision shops, allowing them to serve their customers with the highest levels of accuracy and safety.”

Grant LaBarbera, GM and Senior Vice President of Protech, added, “We’re excited to partner with Opus IVS to enhance the industry’s capabilities in ADAS identification. This collaboration brings together the best of both companies’ innovations and will improve the way repair shops approach ADAS, driving greater accuracy, quality and consistency across the industry.”

About Opus IVS
Opus IVS provides diagnostic and programming support to over 50,000 workshops globally. With a suite of solutions for complex repairs and ADAS management, Opus IVS empowers shops to deliver accurate repairs using advanced technology, OE support, and live technician guidance.

About Protech Automotive Solutions
With the largest national footprint of Advanced Driver-Assistance System (ADAS) diagnostic scanning and calibration services, Protech Automotive Solutions is the leading provider of advanced diagnostics, calibrations and ADAS solutions for collision repair shops. Protech is committed to vehicle safety through innovative, reliable ADAS technology and offers expertise that helps automotive service providers keep their customers safe. More than 1,200 Protech technicians, across 41 states and growing, are expertly trained to scan, calibrate and diagnose vehicles during collision, auto glass and mechanical repairs, ensuring that complex systems like ADAS are restored to their proper function.

For more information, please visit www.protechautomotivesolutions.com.

For more information:
Justin Baronoff
Merit Mile
561-362-8888 – office
407-340-2247 – mobile
jbaronoff@meritmile.com

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SOURCE Opus IVS

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Retail Fluent Media Network Announces Strategic Partnership with Save A Lot’s Independent Retail Partners

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Nearly 900 Stores to Utilize RFMN’s Dynamic, Ultra-Bright Digital Window Signs™ for Advertising; Number of Screens Projected to Double by End of Q4, 2024

LITTLE FALLS, N.J., Nov. 6, 2024 /PRNewswire-PRWeb/ — Retail Fluent Media Network (RFMN), a top retail media and ad tech company that caters to independent grocers, mid- to large-scale chain supermarkets, and convenience stores, has revealed a new strategic partnership with Save a Lot’s independent Retail Partners. This partnership includes Save a Lot’s 750 independently owned and operated stores located across 32 states in the United States.

Through this partnership, Save a Lot’s independent Retail Partners will have the opportunity to utilize Digital Window Signs™ to promote weekly sales programs, special events, promotional items, and more. RFMN has already installed 400 digital screens in almost 100 Save a Lot stores, with plans to double the number of active Digital Window Signs™ by Q1, 2025.

“We’re thrilled to partner with Save a Lot’s independent Retail Partners to bring the power of our dynamic Digital Window Signs™ and an industry-leading ad tech platform to their extensive network of stores across the United States,” stated Joni Elmore, Chief Commercial Officer at Retail Fluent Media Network “This collaboration empowers local grocers to enhance their in-store advertising with real-time promotions and elevate engagement with customers and CPG partners. We look forward to giving more stores the opportunity to differentiate themselves in their market with stunning visuals.”

In addition to next-level digital signage, Retail Fluent Media Network provides end-to-end services for Save a Lot’s independent Retail Partners. RFMN manages the content shared by the Save a Lot, working with its vast network of artists and graphic designers, and launching dynamic advertisements through its proprietary ad tech platform to align with each location’s sales and promotions schedule. This allows Save a Lot’s independent Retail Partners to focus on business operations and meeting customer needs.

Retail Fluent Media Network has recently announced its spinoff from Retail Fluent, a prominent retail innovation, design, and décor firm. This decision was made in response to the high demand and growth of the company. RFMN currently owns and operates almost 5,000 Digital Window Signs™ in 28 states, with plans to more than double this number by the end of 2025.

About Retail Fluent Media Network:

Retail Fluent Media Network is a leading retail media and ad tech company for independent grocers, mid- to large-scale chain supermarkets and convenience stores. The company’s digital out-of-home (DOOH) model utilizes ultra-bright LCD and LED screens proven to attract attention to static or video advertisements. Beneficial for both grocers and CPG brands, RFMN’s expanding network already delivers over 50 million impressions weekly and over 200 million monthly to its advertising partners. To partner, advertise, or learn more, visit https://www.retailfluentmedia.com.

Media Contact

Javian Pereira, Fastlane Communications, 1 9736683003, javian@fastlane.co

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SOURCE Retail Fluent Media Network

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