Global Automotive Skid Plate Market- Market Overview:

The global automotive skid plate market is expected to grow from USD 71.6 billion in 2022 to USD 214.4 billion by 2030, at a CAGR of 14.7% during the Projection period 2023-2030. The growth of the automotive skid plate market is mainly driven by the increase use of automobiles.

An automotive skid plate is a piece of abrasion-resistant material that is fastened to the undercarriage to guard against damage when it comes into contact with the ground or is in close proximity to it. To protect the car from harm during off-roading, automotive skid plates are most frequently utilized. Due to the ability of automobile skid plates to prevent damage, they are also employed to safeguard other important parts of the vehicle, including the engine, gearbox, fuel tank, transfer cases, differentials, control arms, and many more. The use of automobile skid plates extends the vehicle's lifespan. Nowadays, false automotive skid plates are put to the underside of the car to give it an off-road appearance without actually being an off-road vehicle, giving it a sporty and fashionable aspect. Due to the increased amount of dirt and debris on the ground that car skid plates are subjected to, the traditional substance of steel is replaced with different materials like plastic or fiberglass to provide a longer life cycle. The expansion of vehicle skid plates is also fueled by effective laser-cutting production, which enables manufacturers to reduce the number of vent system holes and so protect the engine from overheating.

Sample Request: - Global Automotive Skid Plate Market

Market Dynamics:

Drivers:                          

• Increase Demand

The primary factor driving the expansion of this market is the demand from automotive manufacturers for efficient solutions to protect automobiles from unforeseen hazards on the trail.  The need for skid plates will increase due to modern youth engaging in a variety of off-road sports for fun and high discretionary income. Given that they are easy to install, increase the lifespan of the vehicle, and are the ideal solutions to car safety hazards, skid plates are growing in popularity among automotive manufacturers.

Restraints:                                             

• Expensive

Many people use skid plates simply as a fashion accessory and not as a safety feature, thus they anticipate skid plates to be inexpensive. This is one of the elements that could limit market expansion during the Projection period.

Opportunities:

• The rise in SUV sales

The need for skid plates is rising along with the ongoing rise in SUV sales. The market for automotive skid plates is expanding as a result of the increase in off-road activities today. More and more individuals are choosing vehicles with skid plates due to the additional protection they offer. Additionally, skid plates improve the engine's aerodynamics. In reality, skid plates are now also utilized by motorcycle riders to safeguard the engine's undercarriage.

Challenges:

• Increase Need for Manual Ones

The need for skid plates that are more fuel-efficient than manual ones has increased due to the expanding popularity of automotive skid plates and is anticipated to act as a significant limitation on the market for automotive skid plate throughout the Projection period.

Segmentation Analysis:

The global automotive skid plate market has been segmented based on vehicle type, sales channel, and region.

By Vehicle Type

The vehicle type segment is ATVs, SUVs, pickup trucks, adventure motorcycles, and military vehicles. The SUVs segment led the largest share of the automotive skid plate market with a market share of around 35% in 2022. Consumer preference is shifting away from sedans and high-end hatchbacks and toward the SUV category of vehicles, according to the entire automotive industry. Since SUVs are typically utilized for off-road activities, skid plates are an essential component. In addition, SUV availability and demand are growing along with simple financing choices. During the Projection period, factors like protecting a vehicle's vital components and an increase in vehicle longevity are projected to promote the expansion of this market segment.

By Sales Channel

The sales channel segment is OEM and aftermarket. The OEM segment led the largest share of the automotive skid plate market with a market share of around 56% in 2022. One of the main trends in the automotive skid plate industry is the expanding availability of bumper skid plates as OEM fitments in compact SUVs and crossovers. During the Projection period, the tendency is anticipated to have an impact on the growth of the automotive skid plate market.

Global Automotive Skid Plate Market - Sales Analysis.

The sale of the automotive skid plate market expanded at a CAGR of 11% from 2016 to 2022.

A skid plate is an erosion-resistant material that is affixed to the underside of a car to prevent base damage when it comes into contact with the ground. In order to prevent damage to the vehicle's base, skid plates are typically employed on off-road vehicles and cars with limited ground clearance. Vehicles frequently have faux skid plates fitted to them to give them an off-road appearance. The usage of a skid plate lengthens a vehicle's lifespan. The worldwide automotive skid plate market is projected to experience significant expansion as a result of the increase in vehicle longevity. Since skid plates protect the underside of the cars, their adoption is anticipated to reduce the problems associated with significant damage to vehicle components.

Additionally, the skid plates protect the fuel tanks, transfer cases, oil pans, trans pans, differentials, steering boxes, and control arms, extending the life of the vehicles and ensuring safety. One of the important advances in skid plates is the production of the skid plates from a single large piece of metal rather than several small pieces, which can reduce the number of holes in vent systems. The amount of debris and mud entering the engine is eventually decreased by these factors, preventing the engine from overheating. Skid plates also help the engine's aerodynamics. Skid plate demand will increase more as a result of developments in the industry growing in popularity.

Thus, owing to the aforementioned factors, the global automotive skid plate market is expected to grow at a CAGR of 14.7% during the Projection period from 2023 to 2030.

By Regional Analysis:

The regions analyzed for the automotive skid plate market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America region dominated the automotive skid plate market and held a 43% share of the market revenue in 2022.

• The North America region witnessed a major share. The market's leading position is mostly due to elements including rising off-road vehicle preference, rising tourism, off-road racing, and adventure aficionados. In addition, the growing popularity of adventure motorcycles is perhaps one of the main drivers of market growth for automotive skid plates in this region.
• Asia-Pacific is anticipated to experience significant growth during the Projection period. In developing APAC nations like India and China, the demand for SUVs is rising, especially in the compact and small size sector. Automakers have been driven to differentiate their automobiles by providing best-in-segment features and functionality by these regions' significant growth potential. In order to improve the outer appearance of their automobiles, several providers are supplying design components like skid plates.

Global Automotive Skid Plate Market - Country Analysis:

• Germany

Germany's automotive skid plate market size was valued at USD 6.02 billion in 2022 and is expected to reach USD 7.56 billion by 2030, at a CAGR of 2.9% from 2023 to 2030. Consumers are becoming more and more interested in recreational pursuits like off-roading and adventures. The market for off-road motorcycles has increased due to factors like rising disposable income, more knowledge of recreational activities, and an increase in off-road aficionados.

• China

China’s automotive skid plate market size was valued at USD 10.88 billion in 2022 and is expected to reach USD 14.8 billion by 2030, at a CAGR of 4.0% from 2023 to 2030. One of the ongoing trends in the automotive skid plate industry in the region is the innovation and improvement of automotive manufacturing technologies to create more fashionable and efficient skid plates. Skid plates created from a single sheet rather than from numerous little parts utilising a laser cutting machine and bespoke tools is one of the significant advancements.

• India

India's automotive skid plate market size was valued at USD 9.52 billion in 2022 and is expected to reach USD 12.5 billion by 2030, at a CAGR of 3.5% from 2023 to 2030. Over the course of the Projection period, the automotive skid plate market in this region will grow significantly due to factors like the high popularity of recreational vehicles and the rising demand for pickup trucks, sport-utility vehicles (SUV), and crossovers because of the presence of varied terrains, mountains, and rocky surfaces.

Key Industry Players Analysis:

To increase their market position in the global automotive skid plate market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.   

• All-Pro
• Zone Offroad
• RCI Metalworks
• PELFREYBILT
• Setina Manufacturing Company
• BudBuilt
• Max-Bilt
• Dirtbound Offroad
• EVO Manufacturing

Latest Development:

• In April 2021, With funding from the German Federal Ministry of Economics and Technology, MAN Energy Solutions launched the "AmmoniaMot" project in collaboration with the Research Institutes University of Munich, Neptun Ship Design, WTZ, and Woodward L'Orange (BMWi). The goal of the project is to outline the procedures required to create a dual-fuel, medium-speed engine that can burn both ammonia and diesel fuel.
• In September 2020, Clean Flame Engine Technologies created a breakthrough technique for making diesel-style engines run on ethanol and other renewable fuels. The innovation basically blends the low costs and low emissions of these alternative fuels with the performance advantages of the diesel engine architecture, paving the path for new market trends.

Report Metrics

Report Attribute	Details
Study Period	2022-2030
Base year	2022
CAGR (%)	14.7%
Market Size	71.6 billion in 2022
Projection period	2023-2030
Projection unit	Value (USD)
Segments covered	By Vehicle Type, By Sales Channel, and By Region.
Report Scope	Revenue Projection, competitive landscape, company ranking, growth factors, and trends
Companies covered	All-Pro, Zone Offroad, RCI Metalworks, PELFREYBILT, Setina Manufacturing Company, BudBuilt, Max-Bilt, Dirtbound Offroad, and EVO Manufacturing.
By Vehicle Type	ATVs SUVs Pickup Trucks Adventure Motorcycles Military Vehicles
By Sales Channel	OEM Aftermarket
Regional scope	North America Europe Asia-Pacific South America Middle East and Africa

Scope of the Report

Global Automotive Skid Plate Market By Vehicle Type:

• ATVs
• SUVs
• Pickup Trucks
• Adventure Motorcycles
• Military Vehicles

Global Automotive Skid Plate Market By Sales Channel:

• OEM
• Aftermarket

Global Automotive Skid Plate Market By Region:

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
• Asia-Pacific
  • Japan
  • China
  • India
  • Korea
  • Southeast Asia
• South America
  • Brazil
  • Peru
• Middle East and Africa
  • UAE
  • South Africa
  • Saudi Arabia

Political Factors- Government and political institutions and authorities must keep an eye on industrial rivalry. By doing this, businesses can be sure that their products and business practises are ethical. The government can monitor, limit, and regulate imports with the use of competition regulation, which will support the development and growth of regional firms. The preservation of the rights and interests of the relevant stakeholders as well as the protection of all groups and stakeholders depends on competition regulation.

Environmental Factors- Lower overall disposable income in the economy due to higher unemployment trends would have a direct impact on the profitability of businesses like automotive skid plate market. A skills and knowledge gap in the workforce may also be reflected in higher unemployment trends, which would again hurt consumers through higher product prices. The higher prices would be associated with the increased cost of doing business when labour would be imported from other sources for purposes of work.

Social Factors- For automotive skid plate market, a bigger proportion of the younger population is advantageous because it will give the business access to a wider customer base. Additionally, a younger population will guarantee automotive skid plate market more educated, competent, and human resources, expanding the company's talent pool. A moderate to high middle class is also important for automotive skid plate market as its current consumers, and advocates . This group promotes automotive skid plate market as a brand and inspires the younger generation to become devoted customers.

Technological Factors- The country, as well as other consumer markets, have significant internet penetration rates. Most of the population owns a smart phone for internet access and has access to PCs and laptops as well. Due to the strong penetration of the internet, it is used for both personal and professional obligations. A population that is progressive and well-educated is reflected in the higher internet penetration, which is advantageous for automotive skid plate market. automotive skid plate market has also taken advantage of the widespread use of the internet to connect with customers, as well as for marketing and promotional strategies so that it can speak with customers directly and get their feedback.

Environmental Factors- A rise in the green lifestyle has coincided with an increase in environmental sustainability awareness. Consumers in the nation and in all markets are gravitating toward goods and services that are "green," or created and promoted in ways that are sustainable and kind to the environment. To appeal to consumers, businesses are also jumping on the green product bandwagon and releasing them. automotive skid plate market engages regularly in environmental friendly CSR activities. A green product line, which is a modification of its current product line, has also been introduced by automotive skid plate market. To boost its contribution to environmental sustainability, the company intends to expand the weight of its green product range steadily.

Legal Factors- Businesses are required by national regulations to create valid employment contracts. These agreements, which cover every aspect of employment, are approved by the respected governmental bodies. Employment contracts provide a positive relationship between all parties and prevent miscommunication or collusion. automotive skid plate market complies with employment laws and informs prospective employees of these rules. automotive skid plate market HR division also regularly hosts workshops and training events for staff members to engage them and educate them on employment regulations and other legal requirements.

1. Introduction
   • 1. Objectives of the Study
   • 2. Market Definition
   • 3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
   • 1. Porter’s Five Forces Analysis
   • 2. Value Chain Analysis
   • 3. Top Investment Pockets
     • 3.1. Market Attractiveness Analysis By Vehicle Type
     • 3.2. Market Attractiveness Analysis By Sales Channel
     • 3.3. Market Attractiveness Analysis By Region
   • 4. Industry Trends
5. Market Dynamics
   • 1. Market Evaluation
   • 2. Drivers
     • 2.1. Increase Demand
   • 3. Restraints
     • 3.1. Expensive
   • 4. Opportunities
     • 4.1. The rise in SUV sales
   • 5. Challenges
     • 5.1. Increase Need for Manual Ones

6. Global Automotive Skid Plate Market Analysis and Projection, By Vehicle Type
   • 1. Segment Overview
   • 2. ATVs
   • 3. SUVs
   • 4. Pickup Trucks
   • 5. Adventure Motorcycles
   • 6. Military Vehicles
7. Global Automotive Skid Plate Market Analysis and Projection, By Sales Channel
   • 1. Segment Overview
   • 2. OEM
   • 3. Aftermarket
8. Global Automotive Skid Plate Market Analysis and Projection, By Regional Analysis
   • 1. Segment Overview
   • 2. North America
     • 2.1. U.S.
     • 2.2. Canada
     • 2.3. Mexico
   • 3. Europe
     • 3.1. Germany
     • 3.2. France
     • 3.3. U.K.
     • 3.4. Italy
     • 3.5. Spain
   • 4. Asia-Pacific
     • 4.1. Japan
     • 4.2. China
     • 4.3. India
   • 5. South America
     • 5.1. Brazil
   • 6. Middle East and Africa
     • 6.1. UAE
     • 6.2. South Africa

9. Global Automotive Skid Plate Market-Competitive Landscape
   • 1. Overview
   • 2. Market Share of Key Players in the Automotive Skid Plate Market
     • 2.1. Global Company Market Share
     • 2.2. North America Company Market Share
     • 2.3. Europe Company Market Share
     • 2.4. APAC Company Market Share
   • 3. Competitive Situations and Trends
     • 3.1. Technology Launches and Developments
     • 3.2. Partnerships, Collaborations, and Agreements
     • 3.3. Mergers & Acquisitions
     • 3.4. Expansions

10. Company Profiles
    • All-Pro
      • 1.1. Business Overview
      • 1.2. Company Snapshot
      • 1.3. Company Market Share Analysis
      • 1.4. Company Technology Portfolio
      • 1.5. Recent Developments
      • 1.6. SWOT Analysis
    • Zone Offroad
      • 2.1. Business Overview
      • 2.2. Company Snapshot
      • 2.3. Company Market Share Analysis
      • 2.4. Company Technology Portfolio
      • 2.5. Recent Developments
      • 2.6. SWOT Analysis
    • RCI Metalworks
      • 3.1. Business Overview
      • 3.2. Company Snapshot
      • 3.3. Company Market Share Analysis
      • 3.4. Company Technology Portfolio
      • 3.5. Recent Developments
      • 3.6. SWOT Analysis
    • PELFREYBILT
      • 4.1. Business Overview
      • 4.2. Company Snapshot
      • 4.3. Company Market Share Analysis
      • 4.4. Company Technology Portfolio
      • 4.5. Recent Developments
      • 4.6. SWOT Analysis
    • Setina Manufacturing Company
      • 5.1. Business Overview
      • 5.2. Company Snapshot
      • 5.3. Company Market Share Analysis
      • 5.4. Company Technology Portfolio
      • 5.5. Recent Developments
      • 5.6. SWOT Analysis
    • BudBuilt
      • 6.1. Business Overview
      • 6.2. Company Snapshot
      • 6.3. Company Market Share Analysis
      • 6.4. Company Technology Portfolio
      • 6.5. Recent Developments
      • 6.6. SWOT Analysis
    • Max-Bilt
      • 7.1. Business Overview
      • 7.2. Company Snapshot
      • 7.3. Company Market Share Analysis
      • 7.4. Company Technology Portfolio
      • 7.5. Recent Developments
      • 7.6. SWOT Analysis
    • Dirtbound Offroad
      • 8.1. Business Overview
      • 8.2. Company Snapshot
      • 8.3. Company Market Share Analysis
      • 8.4. Company Technology Portfolio
      • 8.5. Recent Developments
      • 8.6. SWOT Analysis
    • EVO Manufacturing
      • 9.1. Business Overview
      • 9.2. Company Snapshot
      • 9.3. Company Market Share Analysis
      • 9.4. Company Technology Portfolio
      • 9.5. Recent Developments
      • 9.6. SWOT Analysis

List of Table

1. Global Automotive Skid Plate Market, By Vehicle Type, 2023–2030 (USD Billion)
2. Global ATVs, Automotive Skid Plate Market, By Region, 2023–2030 (USD Billion)
3. Global SUVs, Automotive Skid Plate Market, By Region, 2023–2030 (USD Billion)
4. Global Pickup Trucks, Automotive Skid Plate Market, By Region, 2023–2030 (USD Billion)
5. Global Adventure Motorcycles, Automotive Skid Plate Market, By Region, 2023–2030 (USD Billion)
6. Global Military Vehicles, Automotive Skid Plate Market, By Region, 2023–2030 (USD Billion)
7. Global Automotive Skid Plate Market, By Sales Channel 2023–2030 (USD Billion)
8. Global OEM, Automotive Skid Plate Market, By Region, 2023–2030 (USD Billion)
9. Global Aftermarket, Automotive Skid Plate Market, By Region, 2023–2030 (USD Billion)
10. Global Automotive Skid Plate Market, By Region, 2023–2030 (USD Billion)
11. North America Automotive Skid Plate Market, By Vehicle Type, 2023–2030 (USD Billion)
12. North America Automotive Skid Plate Market, By Sales Channel 2023–2030 (USD Billion)
13. USA Automotive Skid Plate Market, By Vehicle Type, 2023–2030 (USD Billion)
14. USA Automotive Skid Plate Market, By Sales Channel 2023–2030 (USD Billion)
15. Canada Automotive Skid Plate Market, By Vehicle Type, 2023–2030 (USD Billion)
16. Canada Automotive Skid Plate Market, By Sales Channel 2023–2030 (USD Billion)
17. Mexico Automotive Skid Plate Market, By Vehicle Type, 2023–2030 (USD Billion)
18. Mexico Automotive Skid Plate Market, By Sales Channel 2023–2030 (USD Billion)
19. Europe Automotive Skid Plate Market, By Vehicle Type, 2023–2030 (USD Billion)
20. Europe Automotive Skid Plate Market, By Sales Channel 2023–2030 (USD Billion)
21. Germany Automotive Skid Plate Market, By Vehicle Type, 2023–2030 (USD Billion)
22. Germany Automotive Skid Plate Market, By Sales Channel 2023–2030 (USD Billion)
23. France Automotive Skid Plate Market, By Vehicle Type, 2023–2030 (USD Billion)
24. France Automotive Skid Plate Market, By Sales Channel 2023–2030 (USD Billion)
25. UK Automotive Skid Plate Market, By Vehicle Type, 2023–2030 (USD Billion)
26. UK Automotive Skid Plate Market, By Sales Channel 2023–2030 (USD Billion)
27. Italy Automotive Skid Plate Market, By Vehicle Type, 2023–2030 (USD Billion)
28. Italy Automotive Skid Plate Market, By Sales Channel 2023–2030 (USD Billion)
29. Spain Automotive Skid Plate Market, By Vehicle Type, 2023–2030 (USD Billion)
30. Spain Automotive Skid Plate Market, By Sales Channel 2023–2030 (USD Billion)
31. Asia Pacific Automotive Skid Plate Market, By Vehicle Type, 2023–2030 (USD Billion)
32. Asia Pacific Automotive Skid Plate Market, By Sales Channel 2023–2030 (USD Billion)
33. Japan Automotive Skid Plate Market, By Vehicle Type, 2023–2030 (USD Billion)
34. Japan Automotive Skid Plate Market, By Sales Channel 2023–2030 (USD Billion)
35. China Automotive Skid Plate Market, By Vehicle Type, 2023–2030 (USD Billion)
36. China Automotive Skid Plate Market, By Sales Channel 2023–2030 (USD Billion)
37. India Automotive Skid Plate Market, By Vehicle Type, 2023–2030 (USD Billion)
38. India Automotive Skid Plate Market, By Sales Channel 2023–2030 (USD Billion)
39. South America Automotive Skid Plate Market, By Vehicle Type, 2023–2030 (USD Billion)
40. South America Automotive Skid Plate Market, By Sales Channel 2023–2030 (USD Billion)
41. Brazil Automotive Skid Plate Market, By Vehicle Type, 2023–2030 (USD Billion)
42. Brazil Automotive Skid Plate Market, By Sales Channel 2023–2030 (USD Billion)
43. Middle East and Africa Automotive Skid Plate Market, By Vehicle Type, 2023–2030 (USD Billion)
44. Middle East and Africa Automotive Skid Plate Market, By Sales Channel 2023–2030 (USD Billion)
45. UAE Automotive Skid Plate Market, By Vehicle Type, 2023–2030 (USD Billion)
46. UAE Automotive Skid Plate Market, By Sales Channel 2023–2030 (USD Billion)
47. South Africa Automotive Skid Plate Market, By Vehicle Type, 2023–2030 (USD Billion)
48. South Africa Automotive Skid Plate Market, By Sales Channel 2023–2030 (USD Billion)

List of Figures 

1. Global Automotive Skid Plate Market Segmentation
2. Automotive Skid Plate Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Automotive Skid Plate Market Attractiveness Analysis By Vehicle Type
9. Global Automotive Skid Plate Market Attractiveness Analysis By Sales Channel
10. Global Automotive Skid Plate Market Attractiveness Analysis By Region
11. Global Automotive Skid Plate Market: Dynamics
12. Global Automotive Skid Plate Market Share By Vehicle Type (2023 & 2030)
13. Global Automotive Skid Plate Market Share By Sales Channel (2023 & 2030)
14. Global Automotive Skid Plate Market Share by Regions (2023 & 2030)
15. Global Automotive Skid Plate Market Share by Company (2021)