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The automotive skid plate market size is forecast to increase by USD 59.36 billion at a CAGR of 9.9% between 2023 and 2028. The market is experiencing significant growth due to several key trends. Firstly, the increasing interest in off-road activities among consumers is driving demand for full skid plates to protect vehicles from damages during such adventures. Secondly, the focus on using advanced materials in automotive skid plates, such as aluminum and steel, is enhancing their durability and resistance to impact. Lastly, there is a growing trend towards using body accessories for aesthetics rather than just functional purposes, which is leading to an increased demand for customized and decorative skid plates. These trends are expected to continue shaping the market dynamics in the coming years.
The market caters to the protection needs of various types of vehicles, including SUVs, ATVs, pickup trucks, automotive military vehicles, and adventure motorcycles. These skid plates are essential for safeguarding the underside of vehicles from damages caused by road debris, mud, rocks, stumps, and other hazards. Skid plates are typically made of high-grade steel or aluminum for durability and resistance to impact. Mineral oil vehicles, such as engines, transmission, differential, and transfer case, are crucial components that require protection from damages. Skid plates shield these components from potential damages, ensuring the longevity of the vehicle. Plastic skid plates are also available in the market, offering lighter weight and cost-effective alternatives.
However, they may not provide the same level of protection as metal sheet or high-grade aluminum skid plates. The independent aftermarket, workshops, and e-commerce channels offer a wide range of skid plates for various vehicle types and applications. These skid plates are essential for off-road enthusiasts and commercial vehicle operators who frequently encounter harsh terrain and potential damages.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The SUV segment is estimated to witness significant growth during the forecast period. Refined and innovative skid plates play a crucial role in safeguarding the undercarriage of SUVs, particularly those designed for electric vehicles, fuel cell stacks, hydrogen storage tanks, and heavy-duty applications. These protective shields ensure the prevention of undercarriage damage caused by rough terrain, uneven roads, boulders, and other hazards. ICE skid plates, commonly made of aluminum or steel, provide corrosion resistance, physical impact resistance, and heat resistance, safeguarding components such as the exhaust and gas tank. In military applications, skid plates are essential for armored personnel carriers, light tactical vehicles, tanks, recovery vehicles, and other vehicles operating in battlefield conditions.
They protect against blast fragments, foreign objects, and explosive devices, enhancing the survival rate and vehicle performance. Skid plates also contribute to fuel efficiency by dispersing heat and absorbing it, thereby reducing the need for excessive engine cooling. In all-terrain vehicles, skid plates offer protection against abrasive impacts and erosion, ensuring optimal vehicle functionality.
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The SUV segment was valued at USD 56.09 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 48% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in North America is significantly driven by the prevalence of utility vehicles, including pickup trucks, SUVs, and crossovers. These vehicles are popular due to their versatility, suitable for personal use and commercial activities. The region's diverse terrain, with mountains, rocky surfaces, and uneven roads, necessitates the use of concentrated undercarriage protection. Refined skid plates are essential for safeguarding the undercarriage from corrosion, physical impact, and heat resistance. Electric vehicles, fuel cell stack, and hydrogen storage tanks also require skid plates for protection against undercarriage damage. Innovative skid plates are engineered to provide superior corrosion resistance and heat absorption capabilities.
In heavy-duty applications, such as military vehicles, armored personnel carriers, tanks, recovery vehicles, and light tactical vehicles, skid plates made from Chrome-Molybdenum steel offer strength-to-weight ratio and high-performance capabilities. Skid plates shield various components, including the exhaust, gas tank, and steering components, from abrasive impacts, erosion, and blast fragments in battlefield conditions. Additionally, they ensure the survival rate of the vehicle during encounters with foreign objects and explosive devices. Skid plates are essential for electric vehicles, as they disperse heat and protect against rough terrain, boulders, and other hazards, contributing to improved fuel efficiency and vehicle performance.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growing interest in off-road activities among consumers is the key driver of the market. The market has experienced significant growth due to the increasing popularity of off-roading as a recreational activity. Off-road enthusiasts who seek thrilling experiences in rough terrains prioritize vehicles with strong protective features, such as skid plates. These protective components, made of steel or plastic, shield the undercarriage of performance vehicles, luxury cars, pickup trucks, and adventure motorcycles from damage caused by potholes, rocks, and other off-road hazards. The ergonomic design of skid plates enhances both the aesthetic appeal and enduring resilience of vehicles. The independent aftermarket and original equipment suppliers cater to the demand for skid plates through workshops and e-commerce channels.
The thriving community of off-road enthusiasts, who modify their vehicles for extended journeys through challenging landscapes, further fuels the market growth.
A growing focus on use of advanced materials in automotive skid plates is the upcoming trend in the market. Skid plates are essential components in automotive and motorcycle industries, providing protection to the undercarriage against damage caused by potholes and rough terrain. Manufacturers are focusing on enhancing the performance, durability, and aesthetic appeal of skid plates by integrating advanced materials. High-strength alloys, such as steel and plastic steel, are increasingly being used due to their enduring resilience and lightweight properties. Performance vehicles and luxury cars, as well as pickup trucks and adventure motorcycles, benefit from these advanced skid plates. Manufacturers cater to both the independent aftermarket and original equipment supplier channels, supplying workshops and e-commerce platforms with these innovative products.
The ergonomic design of these skid plates ensures optimal protection while maintaining the vehicles' overall efficiency and appeal.
Greater use of body accessories for aesthetics rather than as functional component is a key challenge affecting the market growth. The market experiences significant growth due to the increasing demand for enduring resilience in various vehicle types, including pickup trucks and adventure motorcycles, which frequently encounter potholes and rough terrain. Ergonomic design plays a crucial role in the market, as consumers seek both functional and aesthetic appeal in their vehicles. Performance vehicles and luxury models also incorporate skid plates for enhanced durability and ruggedness. The original equipment supplier (OES) dominates the market, with independent aftermarkets and e-commerce channels offering competitive alternatives. Skid plates are typically made of steel or plastic steel, ensuring the necessary strength and flexibility for various applications in the automotive industry.
While some consumers opt for non-functioning fender vents and multiple rear diffuser pipes as design elements, the primary function of skid plates remains essential for vehicle protection.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is witnessing a significant craze among vehicle owners, particularly those who frequently use their vehicles for off-road adventures or live in areas with harsh road conditions. Skid plates, made from metal sheets such as high-grade steel or aluminum, protect the underside of vehicles from damages caused by road debris, mud, rocks, stumps, and other hazards. These plates shield essential components like steering boxes, fuel tanks, oil pans, engine, transmission, differential, and transfer case from damages, ensuring durability and longevity. The popularity of SUVs, sports utility vehicles, all-terrain vehicles (ATVs), trucks, and even military vehicles has fueled the demand for skid plates.
Further, young generations, especially those with a penchant for style and vehicular safety, are increasingly investing in OEM and aftermarket skid plates. Mineral oil vehicles, such as those used in tourism and races, also benefit from the use of skid plates. Plastic and mineral oil-based skid plates are also gaining traction due to their cost-effectiveness. Overall, the market for skid plates is expected to grow due to the increasing popularity of off-road vehicles and the need for vehicular safety.
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Market Scope |
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Report Coverage |
Details |
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Page number |
168 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.9% |
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Market Growth 2024-2028 |
USD 59.36 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
8.78 |
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Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
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Performing market contribution |
North America at 48% |
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Key countries |
US, Canada, China, Japan, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Ace Engineering and Fab, All Pro Off Road, ARB USA, ARTEC INDUSTRIES LLC, Asfir Technologies Ltd., Budbuilt, Carbon Fox, Clayton Offroad, Cycra, Dirtbound Inc., Enthusiast Auto Holdings, EVO MFG, GenRight Off Road Inc., ICON Vehicle Dynamics, JCROFFROAD INC., JOES Racing Products, Relentless Off Road Fabrication, Ricochet Off Road, Setina Manufacturing Inc., and Steel Skid Plate |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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