Skateboard Chassis Market Size, Share, Growth, And Industry Analysis by Type (Wheelbase Less than 2550mm, Wheelbase 2550-2700mm, Wheelbase 2700-2850mm, Wheelbase 2850-3000mm, Wheelbase above 3000mm) by Application (Commercial Vehicle, Passenger Vehicle & Others), Regional Insights, and Forecast from 2023 to 2031

Updated On: 13 November 2023

Skateboard Chassis Market Report Overview

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The global skateboard chassis market is expected to grow from USD 6359.7 mllion in 2021 to USD 44030 million in 2028 at a CAGR of 22.7 % from 2021 to 2028. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

A skateboard chassis is a type of platform for electric vehicles that has gained popularity in recent years. It is named for its resemblance to a skateboard, with four wheels mounted at the corners and a flat base that houses the battery and other components. The skateboard chassis is highly modular, which makes it easy to adapt to different vehicle designs and allows for customization. The motor and suspension components can be mounted directly onto the chassis, reducing the need for a separate engine compartment and saving weight. One advantage of the skateboard chassis is its low center of gravity, which provides better handling and stability compared to traditional cars. The flat base also allows for a larger battery pack, which means longer driving ranges and faster charging times.

The market for skateboard chassis is growing rapidly due to several factors. One of the primary drivers of this growth is the increasing demand for electric vehicles (EVs). As consumers become more aware of the environmental benefits of EVs, they are increasingly choosing them over traditional gasoline-powered cars. The skateboard chassis is a key component in many EV designs, as it offers several advantages over traditional chassis layouts, including better weight distribution and more space for batteries. The skateboard chassis is also gaining popularity among manufacturers due to its modular design, which allows for greater flexibility in vehicle design and customization. This modularity makes it easier for manufacturers to build a range of vehicle models on a single platform, reducing production costs and streamlining operations. Overall, the skateboard chassis market size is increasing rapidly as consumers and manufacturers alike recognize the benefits of electric vehicles and the advantages offered by this innovative platform. As the technology continues to evolve, it is likely that we will see even greater growth in this market in the years to come.

COVID-19 Impact: The Pandemic Led To Widespread Disruptions In Supply Chains, Production, And Sales Which Had A Ripple Effect Throughout The Industry

One of the most significant impacts of COVID-19 on the market for automotive skateboard chassis was a slowdown in production and sales. Many manufacturers were forced to temporarily shut down their factories or reduce production capacity due to restrictions on movement and social distancing measures. This led to delays in the production and delivery of vehicles using skateboard chassis, which in turn affected sales and revenue for manufacturers. Another impact of the pandemic on the market was a decline in consumer demand for electric vehicles, including those built on skateboard chassis. As many people faced financial uncertainty and job losses, they became more cautious about making large purchases, such as a new vehicle. This resulted in a decline in sales of electric vehicles and a slowdown in the adoption of new technologies, including the skateboard chassis. 

In addition, the pandemic led to a shift in consumer behavior, with more people choosing to work from home and avoid unnecessary travel. This reduced the demand for personal vehicles, including electric vehicles, and slowed the growth of the market as a whole. Despite these challenges, there were also some positive impacts of the pandemic on the market for skateboard chassis. The pandemic highlighted the need for more sustainable transportation solutions, and many governments around the world offered incentives and subsidies to promote the adoption of electric vehicles. This helped to support the growth of the market, even in the face of significant challenges.

Latest Trends

"A Significant Development In The Market For Skateboard Chassis Is The Use Of Lightweight Materials"

Lightweight materials offer several advantages over traditional steel, including improved strength and durability, reduced weight, and increased fuel efficiency. This trend has been driven by the increasing demand for electric vehicles, which require lightweight materials to offset the weight of the batteries. Carbon fiber is a particularly popular lightweight material in the market, as it offers excellent strength-to-weight ratio and can be molded into complex shapes. Many manufacturers are incorporating carbon fiber into their skateboard chassis designs to reduce weight and improve performance. Aluminum is also widely used in skateboard chassis designs, as it is lightweight and offers good strength and durability. In addition, aluminum is more affordable than carbon fiber, making it an attractive option for manufacturers looking to reduce costs. Overall, the use of lightweight materials is likely to continue to be a major trend in the market for automotive skateboard chassis, as manufacturers look for ways to improve performance, reduce weight, and meet the increasing demand for electric vehicles.

In terms of new products and technologies, several leading players in the market are launching innovative solutions to meet the demand for electric vehicles. For example, Tesla's Model S and Model X vehicles use a skateboard chassis design, which has helped to establish the company as a leader in the EV market. Other companies, such as Rivian and Lucid Motors, are also developing vehicles using the skateboard chassis design. In addition, there are several new players entering the market, including start-ups such as Fisker and Canoo, which are developing innovative electric vehicles with skateboard chassis designs. These companies are focused on delivering sustainable, customizable, and affordable transportation solutions that appeal to a broad range of consumers.

Skateboard Chassis Market SEGMENTATION

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• By type

Depending on skateboard chassis given are types: Wheelbase Less than 2550mm, Wheelbase 2550-2700mm, Wheelbase 2700-2850mm, Wheelbase 2850-3000mm, Wheelbase above 3000mm. The Wheelbase 2700-2850mm type will capture the maximum market share through 2031.

• By Application

The market is divided in Commercial Vehicle, Passenger Vehicle & Others based on application. The global skateboard chassis market  players in cover segment like Passenger Vehicle will dominate the market share during 2023-2031.

Driving Factors

"The Growing Desire For Environmentally Friendly Transportation Options Is One Of The Reasons Boosting The Market For Skateboard Chassis"

With concerns about climate change and environmental degradation, there is growing pressure on governments and individuals to reduce carbon emissions and adopt more sustainable practices. The skateboard chassis is seen as a key component in the development of electric vehicles, which are increasingly being viewed as a more sustainable alternative to traditional gasoline-powered cars. Electric vehicles built on skateboard chassis have several advantages over traditional vehicles, including lower emissions, lower fuel costs, and reduced maintenance costs. They also offer a quieter and smoother driving experience, which is becoming increasingly important to consumers.

Moreover, government incentives and regulations are also driving the demand for electric vehicles and skateboard chassis. Many countries around the world have introduced policies to encourage the adoption of electric vehicles, such as tax credits, subsidies, and mandates for automakers to produce more electric vehicles. This is creating a favorable regulatory environment that is boosting the demand for electric vehicles and skateboard chassis market growth. As a result, there is a growing market for electric vehicles built on skateboard chassis, with a range of automakers and startups entering the market to meet the demand. This trend is expected to continue as consumers and governments continue to prioritize sustainability and adopt more environmentally friendly transportation solutions.

"The Growing Emphasis On Innovation And Technical Improvements In The Automobile Sector Is Another Factor Boosting The Market For Skateboard Chassis"

With the rise of electric vehicles, automakers are under pressure to develop new and innovative solutions to meet the demand for sustainable transportation. The skateboard chassis is a highly adaptable and modular platform that allows automakers to build a wide range of electric vehicles, from compact cars to SUVs and trucks. The use of a skateboard chassis design allows for greater flexibility in design and customization, making it easier for automakers to develop new models and variations on existing models. Moreover, advances in battery technology and electric motor technology are also driving the skateboard chassis market growth.

New battery technologies are enabling longer driving ranges and faster charging times, while advances in electric motor technology are improving performance and efficiency. These technological advancements are making electric vehicles more practical and appealing to a wider range of consumers. In addition, the increasing availability of charging infrastructure is also boosting the demand for electric vehicles and skateboard chassis. Governments and private companies are investing in charging stations and networks, making it easier for consumers to charge their electric vehicles on the go. This is removing one of the main barriers to adoption of electric vehicles and making them a more practical and convenient alternative to gasoline-powered cars.

Restraining Factors

"The High Initial Cost Of Research And Manufacture Is One Of The Reasons Limiting The Market Growth"

One of the restraining factors for the skateboard chassis market growth is the high initial cost of development and production. The skateboard chassis design requires a significant upfront investment in research and development, tooling, and production facilities. This can be a barrier to entry for new players in the market, and can limit the availability of the technology to smaller companies or startups. In addition, the cost of electric vehicles built on skateboard chassis can also be higher than traditional gasoline-powered cars. This can make them less accessible to price-sensitive consumers, who may be unwilling or unable to pay the higher upfront costs of electric vehicles.

Another factor that can affect the growth of the market is the limited availability of charging infrastructure. While governments and private companies are investing in charging stations and networks, there are still many areas where charging infrastructure is limited or non-existent. This can make electric vehicles less practical and convenient for consumers and can limit their adoption. Furthermore, the supply chain for electric vehicles and skateboard chassis is still developing, and there may be constraints on the availability of raw materials and components needed for production. This can lead to price volatility and supply chain disruptions, which can affect the availability and affordability of electric vehicles built on skateboard chassis.

Skateboard Chassis Market Regional Insights

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"Europe Market Growth Is Predicted To Increase In The Next Years As A Result Of Government Efforts, Consumer Demand, And The Presence Of Major Automotive Firms"

The leading region for the market of skateboard chassis is Europe, which is expected to show steady growth in the coming years. The European market is being driven by factors such as stringent emission regulations, increasing government support for electric vehicles, and growing consumer awareness of environmental issues. European countries, such as Germany, Norway, and France, have been at the forefront of the adoption of electric vehicles and the development of charging infrastructure. The European Union has set a target of reducing CO2 emissions by 55% by 2030, which is expected to drive demand for electric vehicles and skateboard chassis market share in the region. In addition, there is a growing interest among consumers in Europe for sustainable transportation solutions. Consumers are becoming more aware of the environmental impact of traditional gasoline-powered vehicles and are increasingly adopting electric vehicles and skateboard chassis. This is leading to a shift in consumer preferences towards sustainable transportation solutions and is driving the growth of the market in the region. Furthermore, the European market is home to several leading players in the automotive industry, such as Volkswagen, BMW, and Daimler, who are investing heavily in the development of electric vehicles built on skateboard chassis. These companies are expected to drive the growth of the market in the region in the coming years. 

The second-leading region for the market of automotive skateboard chassis is Asia Pacific, which includes countries such as China, Japan, South Korea, and India. The Asia Pacific market is being driven by factors such as government initiatives to promote electric vehicles, increasing demand for sustainable transportation solutions, and the presence of leading players in the automotive industry. China is the largest market for electric vehicles in the world, and the Chinese government has set a target of having electric vehicles account for 25% of all car sales in the country by 2025. This is expected to drive demand for electric vehicles and skateboard chassis market share in China, and to make the country a major player in the global market. Moreover, several leading players in the automotive industry, such as Tesla, General Motors, and Volkswagen, have established a strong presence in the Asia Pacific market. These companies are investing heavily in the development of electric vehicles built on skateboard chassis and are expected to drive the growth of the market in the region. In addition, there is a growing interest in electric vehicles among consumers in the Asia Pacific region. Consumers are becoming more aware of the environmental benefits of electric vehicles and are increasingly willing to adopt sustainable transportation solutions. This is leading to a shift in consumer preferences towards electric vehicles and skateboard chassis and is driving the growth of the market in the region.  

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Volkswagen Group (Germany)
• REE (Israel)
• Rivian (U.S)
• PIX Moving (China)
• Bollinger Motors (U.S)
• UPOWER (China)
• Canoo (U.S)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.