Electric Vehicle Skateboard Platform Market Size, Share, and COVID-19 Impact Analysis, By Vehicle Type (Passenger Cars and Commercial Vehicles), By Powertrain Type (BEV and HEV), By Battery Capacity (Below 30kWh, 31-40kWh, 41-100kWh, and Above 100kWh), and Regional Forecast, 2024-2032

The Electric vehicle skateboard platform market has been undergoing significant growth in recent years and is expected to continue expanding in the coming years. EV Skateboard platforms refer to a type of platform that is essentially flat and rectangular and houses the battery and essential components of an EV. This design offers several advantages over traditional vehicle design, including improved stability and handling. The battery, a crucial component of an electric vehicle, is integrated into the skateboard platform, eliminating the need for bulky engine compartments and freeing up more interior space.

One of the most important aspects of this platform is its potential to increase the range of the vehicles. The platform is also more scalable and adaptable, making it suitable for various electric vehicles. The modular design allows manufacturers to customize the platform to meet their needs. In contrast, integrating the battery and other components into a single platform simplifies manufacturing. The popularity of electric vehicles has grown significantly in recent years, driven by growing sustainable and environmental issues and a desire for more efficient transportation. With more rapid advancement and the demand for electric vehicles increasing, the skateboard platform design is poised to become a cornerstone of the EV industry.

Impact of COVID-19 on the Electric Vehicle Skateboard Platform Market

COVID-19 significantly impacted the economy and the Electric Vehicle Skateboard Platform market. The slowdown in Public vehicle usage and office work disruptions led to reduced EV demand. The pandemic has led to a decline in revenue for EV companies. The pandemic also raised concerns about the safety of manufacturing plants due to the risk of viruses transmitted through car operations and services. It also led to a decrease in the market of the Electric Vehicle Skateboard Platform. The pandemic has also created a challenge for companies due to strict lockdowns and reduced efficiency for these companies.

As the pandemic effects are reducing and increasing usage of EVs, which is more economical, it has led to high demand for different companies for car and Commercial vehicle platforms. The lockdowns, travel restrictions, and social distancing measures implemented to curb the spread of the virus led to a significant decline in demand for EVs. People's needs were reduced as many shifted to remote work and were concerned about the economic viability of buying new electric vehicles. However, post covid-19 pandemic, things have changed with the steadily growing demand for EVs, which is boosting electric vehicles' skateboard platforms.

Key Insights

The report will cover the following key insights:

• Key Industry Developments – Mergers, Acquisitions, and Partnerships.


• Porter's Five Forces Analysis.


• Technological Developments.


• Impact of COVID-19 on the Electric Vehicle Skateboard Platform Market.

Analysis by Vehicles Type

The vehicle type segment includes passenger and commercial vehicles. Growing awareness about climate change and air pollution has shifted consumer preferences towards cleaner transportation options. Electric vehicles produce zero tailpipe emissions, significantly reducing greenhouse gas emissions and helping combat air pollution, making them an appealing choice for environmentally conscious individuals. Passenger cars can have advanced safety and comfort features as they provide better control and convenience for drivers, especially in congested urban areas. This leads to increased demand for compact, lightweight skateboard platforms for consumers. Additionally, the growing popularity of compact cars and sedans is expected to drive growth in this segment.

Analysis by Powertrain Type

The demand for BEVs is expected to grow faster than HEVs due to increasing focus on reducing carbon emissions and developing more efficient and reliable battery technology. BEVs skateboard platforms are also more in demand due to advancements in battery capacity technology like longer driving range and faster charging times. Also, powertrains housing components like battery packs are becoming increasingly compact, with higher energy density, leading to increased driving ranges.

Another critical component of the BEV powertrain is power electronics which manages the flow of electricity between the battery pack and the electric motor. It includes components such as inverters, DC-DC converters, and charging systems. Power electronics are becoming more advanced and efficient in the electric vehicle platform market, leading to faster charging times and longer battery life. These trends make the BEVs powertrain a more practical and attractive option for consumers.

Analysis by Region

The highest growth rate is expected in the Asia Pacific market, especially India and other south East Asian countries, due to having major manufacturers of skateboard platforms. High automation and the presence of major manufacturers of EVs and hybrids will positively impact electric car sales, thus increasing cars equipped with skateboard platforms' popularity in the Asia Pacific. The rapid adoption of electric vehicles and their affordability by consumers will boost regional growth.

Key Players Covered

Tesla (US), Foxconn (China), Hyundai (Korea), REE Automotive (Israel), General Motors (US), Rivian (US), Audi AG (Germany), Suzuki Motor Corporation (Japan), Toyota (Japan), Tata Motors (India), Volkswagen AG (Germany).

Segmentation

Key Industry Developments

• January 2021: GM announced plans to invest USD 27 billion in electric and autonomous vehicles through 2025, focusing on building EVs on its Ultium battery platform, which uses an EV skateboard design.


• February 2021: Ford announced plans to invest USD 22 billion, focusing on developing its own EV platform to support a range of electric vehicles.


• March 2021: Tesla announced a new battery cell that would significantly reduce the cost of EV production while improving their range and performance.