According to a new report published by UnivDatos Markets Insights, The Skateboard Platform Market was valued at USD 6.2 Billion in 2021 & is expected to grow at a CAGR of 21.7 % from 2022-2030. The analysis has been segmented into Vehicle Type (Passenger Vehicle and Commercial Vehicle, Autonomous Delivery Vehicle); Product Type (10,001-14,000 LBS GVWR, 14,001-16,000 LBS GVWR, 16,001-19,500 LBS GVWR, and 19,501-26,000 LBS GVWR); Region/Country.
The skateboard Platform market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the skateboard Platform market. The skateboard Platform market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the skateboard Platform market at the global and regional levels.
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Key Market Dynamics
One driver for the growing adoption of electric skateboard platforms is the increasing demand for sustainable and eco-friendly transportation options. As people become more conscious of the environmental impact of traditional fossil fuel-powered vehicles, they are seeking alternative modes of transportation that can reduce carbon emissions. Electric skateboards offer a greener option for short-distance commuting or recreational purposes. An instance of a product launch that contributed to the growing adoption of electric skateboard platforms is the Boosted Board. Boosted, a leading manufacturer of electric skateboards, launched its first product in 2012. The Boosted Board gained popularity due to its high-quality construction, powerful electric motor, and advanced control features. The company's commitment to innovation and continuous improvement helped establish electric skateboards as a viable mode of transportation. Investments in electric skateboard companies also demonstrate the increasing interest and confidence in this market. For example, in 2020, the electric skateboard startup Lacroix unveiled its high-performance electric skateboard models and secured $4.6 million in funding. This investment showcased the belief of venture capitalists and investors in the potential of electric skateboards as a profitable and sustainable business. Overall, the combination of the demand for eco-friendly transportation solutions and the introduction of innovative and reliable electric skateboard products has been a significant driver for the growing adoption of electric skateboard platforms.
COVID-19 Impact
The Covid-19 pandemic has had a significant impact on the skateboard Platform market. The global lockdowns and economic slowdown have led to a decrease in demand for vehicles, which has resulted in a decline in the demand for skateboard Platforms. Many automakers have had to temporarily halt production, which has further affected the market. However, as the world recovers from the pandemic, the demand for vehicles is expected to increase, which will drive the demand for skateboard Platforms. The need for more fuel-efficient vehicles, downsized engines, and performance vehicles is likely to continue, which will further boost the market. Additionally, the rise of electric vehicles and the need for range extender engines is also expected to contribute to the growth of the skateboard Platform market in the coming years.
· Based on the vehicle type, the market has been categorized into passenger vehicles and commercial vehicles, and autonomous delivery vehicles
· Based on the product type, the market has been categorized as 10,001-14,000 LBS GVWR, 14,001-16,000 LBS GVWR, 16,001-19,500 LBS GVWR, and 19,501-26,000 LBS GVWR
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Skateboard Platform Market Geographical Segmentation Includes:
· North America (U.S., Canada, and the Rest of North America)
· Europe (Germany, UK, France, Italy, Spain, Rest of Europe)
· Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific)
· Rest of the World
The Skateboard Platform market in Europe holds the second-largest share globally. European countries such as Germany, France, Italy, and Spain have been home to the top automotive brands in the world. In this way, the locale ruled the general market and is likewise expected to observe a high development possible over the gauge period. However, the COVID-19 pandemic has significantly impacted Europe, particularly in Italy and Spain. In addition, the combined effects of COVID-19 and Brexit are anticipated to slow growth in the United Kingdom. Accordingly, the possibility relating to recuperation time from the pandemic effect is supposed to limit territorial development.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the skateboard Platform market. The major players have been analyzed by using research methodologies such as Porter’s Five Forces Analysis for getting insight views on global competition.
Recent Developments:
• In 2023, Electric skateboard startup Defiant Board Society has just launched a new high power electric skateboard known as the Defiant: One. But the new company isn’t just about building fast board; rather, they want to bring e-skating back to its non-powered cultural roots.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the skateboard Platform market?
• Which factors are influencing the skateboard Platform market over the forecast period?
• What are the global challenges, threats, and risks in the skateboard Platform market?
• Which factors are propelling and restraining the skateboard Platform market?
• What are the demanding global regions of the skateboard Platform market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
• What are the descriptive profiles of key companies along with their SWOT analysis?
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