Persistence Market Research
Automotive Skid Plate Market: Introduction
A skid plate is an erosion-resistant material attached to the bottom of a vehicle to avoid any damages to the underside of the vehicle when it comes in contact with the ground while driving on rough terrains. Skid plates are primarily used on lower ground clearance vehicles as well as off-road vehicles to protect the base of the vehicle from getting damaged. It has been observed that the general life span of a vehicle increases with the usage of skid plates. This is one of key factors responsible for driving the growth of the global automotive skid plate market. Since skid plates are attached to the base section of a vehicle, some serious damages can be prevented by using automotive skid plates as these plates enhance the safety of fuel tank, differentials, oil pans, transfer cases, control arms, steering box and all the other crucial parts attached to the base of a vehicle. Nowadays, superficial skid plates are also installed in vehicles to provide an off-road look to the vehicle. Thus, skid plates do not only alleviate the safety of a vehicle, they also help in giving a vehicle a trendy look. Owing to these factors, the market for automotive skid plates is expected to grow worldwide at a substantial rate.
Automotive Skid Plate Market: Dynamics
With the continuous increase in the sales of SUVs, the demand for skid plates is also increasing. Nowadays, the number of off-road activities are escalating, which add to the growing market of automotive skid plates. The added protection provided by skid plates is forcing more and more people to opt for vehicles with skid plates. Adventurous fanatics are also responsible for the growth of the skid plates market – these people prefer skid plates not only for safety reasons but also for their bold aesthetic features. Skid plates also provide the engine with better aerodynamics. As a matter of fact, these days, skid plates are also being used by motorcycle drivers to protect the underbody of their engine. These are some of the factors expected to drive the global automotive skid plate over the forecast period.
Innovations and developments in the automotive manufacturing technologies to produce more efficient and trendy skid plates is one of the ongoing trends observed in the automotive skid plate market. One of the important innovations is skid plates made from a single sheet using laser cutting machine and custom tools instead of being made from many small pieces. The use of this technique allows manufacturers to reduce the number of holes in the vent system, which prevents the engine from getting overheated by reducing the amount of mud and debris the engine gets exposed to.
There are a number of people who uses skid plates only as a style gimmick and not as a safety component and hence, they expect low-cost skid plates. This is one of the factors which may hamper the growth of the market during the forecast period.
Automotive Skid Plate Market: Segment
Automotive skid plate market can be segmented by vehicle type and sales channel.
By vehicle type, the automotive skid plate market can be segmented into:
By sales channel, the automotive skid plate market can be segmented into:
Automotive Skid Plate Market: Regional Outlook
Owing to its important role in providing extra safety to a vehicle, the market for automotive skid plates is growing at a significant rate. Due to the increasing preference for off-road vehicles in U.S., the country is witnessing an increase in demand for skid plates due to the rise in the number of off-road events and adventure enthusiasts. The adventure motorcycle segment is also a major contributor to the American skid plate market. Given the growing demand from the automotive industry, the global automotive skid plate market is anticipated to grow at a good pace in Asia and Japan. Countries like Iraq and Syria have high usage of skid plate in military vehicles which leads the market of Middle East and Africa into brighter direction.
Automotive Skid Plate Market: Key participants
Examples of some of the market participants identified across the value chain of the global Automotive Skid Plate market include:
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