Skateboard Platform Market Analysis by Size, Share, Growth, Trends and Forecast (2022–2030)

The Asia-Pacific region has seen significant adoption of electric skateboard platforms in recent years, and this trend is expected to continue in the coming years. The growth of the electric skateboard platform market in Apac can be attributed to several factors, including increasing urbanization, growing demand for sustainable transportation options, and advancements in technology. One of the key factors driving the adoption of electric skateboard platforms in Apac is the increasing urbanization in the region. As more people move to cities, there is a growing need for efficient and sustainable modes of transportation that can help reduce traffic congestion and air pollution. Electric skateboard platforms offer a convenient and eco-friendly solution that can help address these challenges. In addition, there is a growing demand for sustainable transportation options in Apac, as consumers become more conscious of the environmental impact of their daily choices. Electric skateboard platforms offer a low-carbon transportation option that is both convenient and fun, making them an attractive choice for consumers. Another factor driving the adoption of electric skateboard platforms in Apac is the advancements in technology. Electric skateboard platforms have become more powerful and capable in recent years, and this has increased their appeal to consumers. Additionally, advancements in battery technology have improved the range and duration of electric skateboard platforms, making them more suitable for longer journeys. To support the growth of the electric skateboard platform market in Apac, several product launches and investments have been made in recent years. For example, several leading electric skateboard platform manufacturers have launched new models in the region, including the Boosted Mini X and the Inboard M1 Pro. These new models offer increased power and range, making them more suitable for longer journeys and more demanding terrain. In addition, several investors have also shown interest in the electric skateboard platform market in Apac.

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Further, the APAC Skateboard Platform Market is expected to grow at a strong CAGR of 3.2% during the forecast period (2022-2030). APAC is anticipated to emerge as the fastest growing in the Automotive and Skateboard Platform industry. Moreover, manufacturers in APAC are investing in research and development to produce innovative and technologically advanced products. These new products are designed to meet the specific requirements of different industries and are aimed at improving efficiency, reliability, and safety. APAC Skateboard Platform Market Revenue (2021-2030)- USD Mn.

Based on the vehicle type, the market has been categorized into passenger, commercial, and autonomous delivery vehicles. Among them, the passenger vehicle segment is expected to grow with the highest CAGR during the forecast as there is an increasing demand for eco-friendly transportation options. Moreover, with growing concerns about climate change and the need to reduce carbon emissions, electric skateboards offer a sustainable alternative to conventional vehicles. They are powered by electric motors and use rechargeable batteries, resulting in reduced reliance on fossil fuels and a smaller carbon footprint. In addition, the incentives by the government to adopt electric vehicles are also a factor driving the growth of the market. For instance, in 2023, U.S. Environmental Protection Agency (EPA) proposed federal emission standards that aim to ensure 67 percent of new light-duty vehicles and 25 percent of new heavy-duty trucks sold in the United States are electric by 2032.

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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. Among them, the 10,001-14000 LBS GVWR segment held a considerable share of the market in 2021. Increased demand for urban mobility, driven by the need for efficient transportation solutions in crowded cities, has created a market for compact and nimble electric skateboard platforms. The global shift towards sustainability and environmental concerns has further boosted the adoption of electric skateboards, which produce zero emissions. Technological advancements in battery technology and electric propulsion systems have improved performance and range, while cost-efficiency and operational savings attract businesses and individuals. Government incentives, safety features, and expanding commercial applications also contribute to the growth of this market segment.

Top Company Profiles

o Tesla

o Volkswagen AG

o Hyundai

o Schaeffler AG

o Bosch Limited

o Canoo

o Rivian

o REE

o BOLLINGER MOTORS INC

o PIXMOVING, INC

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