Russia Skateboard Market Research Report, 2028

When skateboarding initially arrived in the Soviet Union in the late 1980s, the style was not a factor. Saratov hosted the first domestic skate festivals and Skate Park, but the idea of drifting around on a four-wheeled board remained strange. The movement was new, and foreign culture was nearly unavailable. For skaters from places like the United States at the time, Moscow might as well have been another planet. Then, in 1987, many members of the world-famous skate magazine Thrasher visited the Soviet Union. It was one of the first times local kids witnessed what skate style could be, but it was only the start. Because the 1990s were pivotal in the evolution of the Russian skate style. Chimki Kurkino Skatepark, Zhest' Skatepark, Wood Skatepark, Vladivostok Skatepark, SportEx Skatepark, Ostrovsky Park Skatepark, Perm City Skatepark, Matrix Skatepark, Lokstrim are the nine skate playgrounds in Russia. According to the research report, "Russia Skateboard Market Research Report, 2028," published by Actual Market Research, the market is anticipated to add USD 24.84 Million by the end of 2028. Rising demand for electric skateboards, as well as quick technology improvements, are likely to drive market expansion in Russia. The region's market is being driven by the growing popularity of extreme sports. As a result, the electric skateboard market in Russia is likely to grow as outdoor sports become more popular. The importance of social media in the penetration of new sports among society's last mile is essential. The youth sector is the most engaged in this sport, and they are always investigating new types and equipment needed for skating on social media. The millennial demographic is an avid viewer of sports news networks and sports personalities on social media platforms, and this trend is expected to continue. The offline sector led the market in terms of distribution channels due to the broad presence of retail locations across the country. Skateboard specialty and retail stores in Russia include oktyabrskateshop, Diana Sport, Sportmaster, Yunona, and Detskiy Mir. Due to increased internet usage, convenience, time savings, and other factors, the online category is expected to grow significantly during the forecast period.

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Sportswear, workwear, and hip-hop have also gained traction in Moscow and beyond in recent decades, contributing to the development of what is now known as "skate style" in Russia. And, unlike in the United States, informal culture is heavily influenced by the British. Russian skaters began wearing brands such as Fred Perry, Polo Ralph Lauren, and Lacoste without the help of their favorite riders' films. However, this was not always the case. Skateboarding was mostly a dilettante sport in Russia before the twenty-first century. The sport saw its initial boom in the early 2000s. Its overall international popularity, Russia's rising living standards, and a slew of cult skateboarding films and computer games all played a role. Being a skateboarder was now officially cool. Skateboard businesses aided the movement by forming the first Russian teams, touring pros throughout cities, and financing outstanding skateboarders, resulting in the birth of the industry. Then emerged dedicated websites and print media. Maxim Kruglov and Yegor Golubev from St. Petersburg were the first successful competing skateboarders. They gained confidence in their abilities by always competing in as many Russian tournaments as possible. Gosha Konyshev and Dima Dvoinikov soon joined them. According to Alexei Lapin, a professional skating photographer, this small group of boarders is currently the elite of Russian skateboarding, capable of competing on an equal footing with all the Class A European skaters. As per World Bank, Russia have 143.4 million people in 2021, with 66.50 million men and 76.90 million women. The majority of the population, 49.80 million people, is between the ages of 18 and 44. Inhabitants dwell in metropolitan areas, whereas rural areas have 35.85 million people. Russia's GDP in 2021, according to the World Bank, will be $1.78 trillion USD, with an inflation rate of 6.7% and a per capita income of US$12,172.8. The increasing Youth Population and rising popularity of skateboarding among teenagers are major factors for the growth of the Skateboard Market in Russia.

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Kripa Shah

Senior Analyst

Considered in this report • Geography: Russia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Russia skateboard market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product: • Street Skateboard • Cruiser Skateboard • Long Skateboard • Electric Skateboard • Others Skateboard

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By End-User: • Kids • Teenagers • Adults By Distribution Channel: • Offline • Online The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the skateboard industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.