Technology

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

Published

2 weeks ago

November 6, 2024

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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Technology

Siemon Introduces Bundled Fiber Trunks for Faster, More Efficient Network Deployments

Published

19 minutes ago

November 23, 2024

The Siemon Company, a global leader in network infrastructure solutions, is proud to announce the launch of its new Bundled Fiber Trunks. Designed to streamline fiber optic network installations and reduce deployment time, Siemon Bundled Fiber Trunks offer a cost-effective and reliable option for a variety of projects.

WATERTOWN, Conn., Nov. 23, 2024 /PRNewswire-PRWeb/ — The Siemon Company, a global leader in network infrastructure solutions, is proud to announce the launch of its new Bundled Fiber Trunks. Designed to streamline fiber optic network installations and reduce deployment time, Siemon Bundled Fiber Trunks offer a cost-effective and reliable option for a variety of projects.

Siemon Bundled Fiber Trunks are a game-changer for network installations. By simplifying the process and reducing installation time, we’re empowering our customers to achieve their project goals more efficiently and effectively.

Siemon Bundled Fiber Trunks combine high-performance fiber cables into a single, easy-to-manage bundle, optimizing pathway fill and significantly accelerating installation. With up to a 50% faster deployment rate, this innovative solution helps businesses and organizations reduce project costs and time-to-market.

“Siemon Bundled Fiber Trunks are a game-changer for network installations,” said Tony Walker, Siemon Fiber Product Marketing Manager. “By simplifying the process and reducing installation time, we’re empowering our customers to achieve their project goals more efficiently and effectively.”

Key features of Siemon Bundled Fiber Trunks include:

Streamlined installation: Reduced pathway fill and faster deploymentExceptional performance: Equivalent to single-jacket fiberDurability: Robust construction for reliable performanceVersatility: Available in a wide range of configurations

For more information about Siemon Bundled Fiber Trunks and other Siemon products, please visit www.siemon.com.

About Siemon

Established in 1903, Siemon is an industry leader specializing in the design and manufacture of high-quality, high-performance IT infrastructure solutions and services for Data Centers, LANs, and Intelligent Buildings. Headquartered in Connecticut, USA, with global sales, technical, and logistics expertise spanning 150 countries, Siemon offers the most comprehensive suites of copper and optical fiber cabling systems, racks, cable management, and Intelligent Infrastructure Management solutions. With more than 400 patents specific to structured cabling, Siemon Labs invests heavily in R&D and the development of Industry Standards, underlining the company’s long-standing commitment to its customers and the industry. Through an ongoing commitment to waste and energy reduction, Siemon’s environmental sustainability benchmarks are unparalleled in the industry.

Contact Information

Brian Baum

brian_baum@siemon.com

Media Contact

Brian Baum, Siemon, 1 8609454200, brian_baum@siemon.com

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SOURCE Siemon

Technology

Oberon Securities Advises Keens Steakhouse in Sale Transaction

Published

3 hours ago

November 23, 2024

Oberon Securities acted as exclusive advisor to Keens Steakhouse in the sale transaction.

NEW YORK, Nov. 23, 2024 /PRNewswire-PRWeb/ — Oberon Securities, a New York-based middle market investment banking firm, acted as exclusive advisor to Keens Steakhouse in the sale transaction announced yesterday.

With more than 70 senior bankers serving businesses across the country and around the world, Oberon is one of the fastest growing New York City based middle-market investment banking firms. Its clients benefit from the market credibility associated with the firm’s longstanding relationships with many of the nation’s largest and most prestigious institutional investors. Oberon’s approach has generated numerous long-term, multi-transaction client engagements and attracted investment bankers who have spent their careers working with middle-market companies.

Media Contact

Steven Alschuler, Oberon Securities, 1 917-647-2151, steve@alschulerpr.com, https://oberonsecurities.com/

View original content to download multimedia:https://www.prweb.com/releases/oberon-securities-advises-keens-steakhouse-in-sale-transaction-302314708.html

SOURCE Oberon Securities; Oberon Securities

Technology

Specified Technologies Inc. Unveils Firestop Clash Management and Locator Updates

Published

6 hours ago

November 23, 2024

SOMERVILLE, N.J., Nov. 23, 2024 /PRNewswire/ — Specified Technologies Inc. has announced their latest Firestop Clash Management (FCM) and Firestop Locator (FSL) releases. FCM automates the process of locating and assigning firestop solutions to conditions within Autodesk® Revit®, enabling firestop novices to find firestop solutions like a firestop expert. In this latest release, STI has further expanded the capabilities of FCM by integrating it with their firestop documentation and compliance tool, Firestop Locator (FSL). FSL enables contractors and facilities’ teams to document the status, location, and products used for any and all fire life safety services across a building.

In the latest update for FSL, teams can now create custom items to track any service on their project beyond the base six (Penetration, Joint, Extinguisher, Door, Damper, and Barrier). Teams can also modify the base six items to include project specific inspection and maintenance requirements and any other details that they would like to be tracked.

With this new integration, decisions made during the design phase of a building using FCM are seamlessly passed into FSL during the construction phase, giving implementation teams a jump start on work to be done. This integration also improves data integrity and eliminates the guesswork in the field of determining what firestop systems and products are to be used where.

“We’re proud of the latest releases of FCM and FSL and look forward to continuing to support the fire life safety community,” says Justin Pine, Sr. Manager of Software & Services.

Specified Technologies Inc. promotes life and building safety by developing innovative fire protection systems and accompanying digital tools that help stop the spread of fire, smoke, and hot gases. Our SpecSeal® and EZ Path® product lines are engineered for easy installation and deliver powerful performance, often resulting in lower installed costs. Since firestopping is our only business, we concentrate all our resources on providing the highest quality, fully tested, innovative firestopping solutions.

Contact: Jess Bern; jbern@stifirestop.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/specified-technologies-inc-unveils-firestop-clash-management-and-locator-updates-302314629.html

SOURCE Specified Technologies, Inc.