The most popular products on the market today have become so expensive that consumers don’t need to spend money to buy them, according to a new study.
“I think people have lost faith in skateboards,” said Richard Stapleton, CEO of the skateboard company Skateboard World.
“They feel like if they buy something new and they see it’s going to cost a lot of money, they’re going to say, ‘Oh, well, it’s overpriced.'”
It’s a sentiment echoed by skaters who’ve been complaining for years about the high prices skateboards have attracted over the years.
In 2018, Skateboarding World launched its “Buy Now” campaign, promising to put an end to the high cost of skateboards.
As of August 2020, the company had sold just under 2.6 million boards, and it expects the number to continue to rise as more brands come out with affordable versions of the popular boards.
Skateboarders, however, are not alone.
The average skater spends nearly $20,000 on a skateboard per year, according a report by the consumer research firm Euromonitor.
That’s a huge increase from $9,000 in 2014, when the average skateboard was $7,500, and $5,600 in 2015, the year the company’s first-ever “Buy It Now” promotion was launched.
According to Euromonitors, Skateskateboards has sold over 1.6 billion boards since it first launched in 2014.
There are some exceptions to this trend, however.
For example, the average skateboard sold in 2017 was worth around $10,000, compared to $15,000 at the beginning of 2018.
More than 20 brands have released products with the word “Buy” in the name.
So why does Skateboards continue to make such an impact?
Stapleton explained that the company was founded in the early 2000s and that it grew from a small business to a major brand.
He said that the current market cap for Skatesports was around $50 million in 2018, and that this number will likely increase over the next several years as companies enter the market.
It all starts with the product, which is what the company calls its “Skateboarding” line.
You can see a sample of the products that Skate Boards sells online, including the iconic “Bounceboard” which was the company first commercial skateboard and has since become a staple of skateboarding everywhere.
The company offers the Bounceboard, a $3,000 skateboard, as well as the “Skateskates” skateboard that is the brand’s flagship product.
Skateboards are one of the most popular skateboard brands in the world, but there’s no denying that the brand is losing some of its momentum.
Last year, the industry’s most expensive skateboard was the “Kraken” model, which was sold for $20.2 million.
Other models, like the “Nano” and “Granite”, were more expensive.
Even with the spike in price, Skateworks business is not going anywhere, said Stapler.
But it does have some new products that are attracting the attention of the skaters.
When Skate World launched the “Buy now” campaign in 2018 and said it would continue to invest in its products for years to come, it had a clear message for skateboarders.
‘Skate boards are overpriced’ “Skate Board World has invested in its SkateBoard line for the last 15 years,” the company wrote on its website.
This is why we’re excited to be partnering with our customers and partners to bring you the best products at affordable prices.
“Skating is the next big thing and skateboards will continue to be a major part of our success.
Our commitment to making skateboards affordable for consumers is unwavering and will continue unabated.
We’ve seen tremendous interest in Skate Board products in recent years and we can’t wait to see what you think of these innovative products.”
