Roller Skates Market Forecast, Trend Analysis & Competition Tracking - Global Industry Insights 2017 to 2033
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May 2023
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This report was compiled by Correspondence Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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Global Roller Skates Market Revenue Outlook:
The Global Roller Skates Market size is expected to be worth around US$ 601.0 Million by 2023 To reach US$ 807.7 Million in 2033, growing at a CAGR of 3% during the forecast period 2023 to 2033
From 2015 to 2020, sales of roller skates have increased at a stable rate, expanding at about 3.0% CAGR.
Roller skates are shoes or binding attached with wheels that enable to roll on a paved surface. There are two main types of roller skates, namely quad skates, and inline skates. Quad skates are skates with four wheels, with two wheels placed at the front and two at the back of each skate. While, in inline skates, two to five wheels are aligned in a single line. Roller skates are available in all shoe sizes, from kids to adults.
Over the decades, roller skating has gained immense popularity both amongst kids and adults. Today, it is considered a hobby, sport, and transportation mode. Roller skating's evolution from a hobby to its inclusion in several sports has resulted in high demand for roller skates. Sports and competitions such as speed skating, ice hockey, figure skating, and many dancing events are extremely popular.
Several associations for roller skating have been established, such as the Roller Skating Association in the US, which promotes and educates the general population on the merits of roller skating. Moreover, increasing popularity in Asian countries is also expected to increased demand for roller skates over the forecast period.
The number of competitions related to roller skates has been increasing for the past few years. The emerging popularity of roller derby as a competitive sport has encouraged many people to participate. Over 1,250 amateur roller derby leagues are currently played worldwide, half of which are organized outside the US. During the Olympic Games Nanjing 2014, roller speed skating first appeared as a demonstration sport at the Summer Youth Olympic. After it was well-received in China, it made its full Olympic debut at the Summer Youth Olympic Games Buenos Aires 2018.
The increasing popularity of roller skating in Asian countries such as China, India, South Korea, Malaysia, and many other developing countries is estimated to have a favorable impact on the global roller skates market growth. Roller skating is becoming a popular recreational sport in India among children and is gaining popularity as a competitive sport. Skating clubs are being developed in small cities and towns, and roller skating is being taught as a recreational activity in some schools of urban areas. Several youth and children from Nairobi, Kenya, are also becoming viral on social platforms for their roller skating videos.
Import-Export Analysis of Ice skates and roller skates, incl. skating boots with skates or rollers attached, 2016-2020
The import of Ice skates and Roller Skates (H.S. Code – 950670), which also includes skating boots with skates or rollers attached, increased by 2.3% in 2020 to reach a value of US$ 621 Mn, while the export increased by 10%. Major importing countries in this category include the US, accounting for 21.5% of the total global imports. The US is followed by Germany, Canada, France, and the Netherlands. Major exporting countries of roller skates include China, Germany, Vietnam, Italy, and Sweden.
Import (US$ ‘000) of Ice Skates and Roller Skates (H.S. Code – 950670) by Country, 2016-2020
Importing Country 2016 2017 2018 2019 2020 The US XXX.X XXX.X XXX.X XXX.X 133714 Germany XXX.X XXX.X XXX.X XXX.X XXX.X Canada XXX.X XXX.X XXX.X XXX.X XXX.X France XXX.X XXX.X XXX.X XXX.X XXX.X Netherlands XXX.X XXX.X XXX.X XXX.X XXX.X XXX XXX.X XXX.X XXX.X XXX.X XXX.X Global XXX.X XXX.X XXX.X 607081 621031 To learn more about this research report, request for sample report
Export (US$ ‘000) of Ice Skates and Roller Skates (H.S. Code – 950670) by Country, 2016-2020
Exporting Country 2016 2017 2018 2019 2020 China XXX.X XXX.X XXX.X XXX.X XXX.X Germany XXX.X XXX.X XXX.X XXX.X XXX.X Vietnam XXX.X XXX.X XXX.X XXX.X XXX.X Italy XXX.X XXX.X XXX.X XXX.X XXX.X Sweden XXX.X XXX.X XXX.X XXX.X XXX.X XXX XXX.X XXX.X XXX.X XXX.X XXX.X Global XXX.X XXX.X XXX.X XXX.X 697284 To learn more about this research report, request for sample report
The imports of roller skates and ice skates fell by 7.2% during the Q1 of 2020 compared to the previous quarter due to the trade restrictions imposed to contain the coronavirus. Nonetheless, the imports stabilized in the Q3-2020, increasing to US$167.2 Mn, gaining by 39.6% from the previous quarter. On the other hand, the exports declined by 18.7% in Q2-2020 from the previous quarter and noted a subsequent growth of 16.3% and 34.1% in Q3-2020 and Q4-2020, respectively.
Regional Analysis:
Asia-Pacific is anticipated to hold a significant share of the global roller skates market. The region is also expected to register the highest growth rates over the forecast period. Increasing demand from youth and children, coupled with growing awareness of health benefits from roller skating, is expected to boost the target market growth in the region.
Roller skates are also being used for innovative uses in this region. For instance, in Pakistan, the Karachi Police Department is training 20 police officers to roller skates for smooth mobility to prevent and reduce the crime rate in the city. Moreover, the region's prominent players, such as Guangzhou Mountain Lion Skating, Guangzhou Jingle Sports, etc., are also expected to support the market revenue growth.
COVID-19 Impact Analysis:
The popularity of roller skating sky-rocketed during the COVID-19 pandemic. The social media feeds were trending with a plethora of roller skating enthusiasts. With stringent regulations imposed on the population to maintain social distancing at public places, several people stuck at home looked for opportunities for outdoor activities, including roller skating.
Due to the closures of several sports retail outlets, the online markets provided a continuous supply of non-essential consumer goods. With the relaxation in regulations, the launch of several COVID-19 vaccines, and economies returning to normalcy, the roller skates market is expected to gain significant traction in the coming years.
Competitive Landscape:
The roller skates market landscape appears highly consolidated, with a significant chunk of it being dominated by players in the Asian region.
- Technica Group S.p. A. (Rollerblade)
- Impala Roller Skate
- Roller Derby Skate Corporation
- Guangzhou Mountain Lion Skating Facility Co., Ltd. (Cougar)
- Crazy Skate Company
- Roces S.R.L.
- Action Skate
- Riedell Shoes, Inc.
- Sure-Grip International
- Other Key Players
Report Scope
- Forecast Period: 2022-2031
- Actual Year: 2021
- Historical Data Available for: 2015-2020
Key Regions Covered
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Segments Covered
Roller Skates Market, By Product Type
- Adults
- Children
Roller Skates Market, By End-Use
- Personal
- Professional
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn To learn more about this research report, request for sample report
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- Technica Group S.p. A. (Rollerblade)
- Impala Roller Skate
- Roller Derby Skate Corporation
- Guangzhou Mountain Lion Skating Facility Co., Ltd. (Cougar)
- Crazy Skate Company
- Roces S.R.L.
- Action Skate
- Riedell Shoes, Inc.
- Sure-Grip International
- Other Key Players