Automotive Skid Plate Market by Type (Fuel Cell Range Extender, ICE Range Extender), Material (Aluminum, Steel), Vehicle Type - Global Forecast 2024-2030

Automotive Skid Plate Market by Type (Fuel Cell Range Extender, ICE Range Extender), Material (Aluminum, Steel), Vehicle Type - Global Forecast 2024-2030

The Automotive Skid Plate Market size was estimated at USD 90.05 billion in 2023 and expected to reach USD 98.92 billion in 2024, at a CAGR 9.92% to reach USD 174.60 billion by 2030.

Automotive skid plates are robust pieces of armor, typically made from high-grade steel, aluminum, or plastic and they are set in place underneath mineral oil vehicles. Their main function is to shield components such as the oil pan, engine, transmission, differential, and transfer case from potential harm that could happen from rocks, stumps, and various road debris. These robust protective components are primarily deployed in off-road vehicles, including SUVs, ATVs, and trucks. However, the increasing consumer demands for enhanced vehicular safety have resulted in the integration of skid plates in conventional passenger cars as well. The emerging trend of off-road recreational activities, technological advancements, and the increasing focus on vehicular safety and maintenance has accelerated the need for automotive skid plates. However, the need for consistent maintenance and incompatibility issues of skid plates can impact product development. Technological advancements have led to the development of cost-effective, refined, and innovative skid plates that offer optimized protection, thereby driving market growth. Increasing adoption of electric vehicles can elevate the demand for automotive skid plates worldwide.

Regional Insights

In the Americas, the automotive skid plate's significant use lies in off-roading vehicles due to the diversely challenging terrains. The U.S., Canada, and Mexico are key contributors to this demand, fostering a highly productive manufacturing sector. North American companies have established dominance, providing high-quality, durable skid plates and exhibiting cutting-edge technological integration. Asia, particularly East Asia, experiences a dynamic use of automotive skid plates, with a mixed demand from both the sports arena and the industrial sector. Countries such as Japan and China lead the production sphere due to their robust automotive industries. Asian companies have demonstrated substantial progress in innovation, ergonomic design, and material efficiency. In Europe, countries such as Germany, the UK, and France display a high use of skid plates, predominantly for performance vehicles and sport-utility vehicles (SUVs) due to their upscale automotive market. Europe's production strategies focus on high-quality, specialized skid plates that cater to both luxury and rugged utility vehicles. The regional companies have an established presence, offering products that balance aesthetic appeal and enduring resilience.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Automotive Skid Plate Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Interest in offroad and adventure driving and demand for SUVs and crossovers
• Rising emphasis on vehicle protection and longevity to enhance driver experience
• Expansion of automotive aftermarket with diverse range of skid-plates

Market Restraints

• Need for frequent maintenance and cleaning of skid plates

Market Opportunities

• Advancements in automotive skid plat designs and materials
• High adoption of skid plates in electric and autonomous vehicles

Market Challenges

• Concerns associated with skid-plate incompatibility and fitting with vehicles

Market Segmentation Analysis

• Type: Emerging demand for fuel cell vehicles with the development of high-performing skid plates
• Material: Ease of fabrication and the recyclability of aluminum to make it a preferred choice for automotive skid plates
• Vehicle Type: Extensive adoption of skid plates in all-terrain vehicles to improve the longevity of these vehicles

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automotive Skid Plate Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automotive Skid Plate Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Assets of Bolta US Ltd. Acquired by SMP Automotive Systems Alabama Inc.

Samvardhana Motherson International Limited acquired the assets of Bolta US Ltd. (Bolta US) through an indirect, wholly-owned subsidiary. Through this acquisition, the company planned to improve its business offerings to serve broad customer base.

Kautex Wins First Order for Pentatonic Skid Plate for Battery Electric Vehicles

Textron GmbH & Co. KG received an order from an automotive OEM for a thermoplastic composite underbody battery protection skid plate. This skid plate is part of Kautex's new Pentatonic battery system product line, specifically designed to support battery electric vehicle production. The Pentatonic skid plate is not only lightweight but also highly customizable. By incorporating this innovative design, the skid plate meets industry-leading impact requirements while offering more than 50% weight reduction compared to traditional steel skid plates.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automotive Skid Plate Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Automotive Skid Plate Market, highlighting leading vendors and their innovative profiles. These include All-Pro Offroad, ARB Corporation Ltd., Artec Industries, LLC, BudBuilt, EVO Manufacturing, Foshan Tanghan Precision Metal Products Co.,Ltd., Guangzhou Dongsui Auto Accessories & Spare Parts Co., Ltd., HeftyFabworks, Henan LiChen Aluminum Co., Ltd., Iron Baltic Ltd., Kawasaki Motors Corp., Mountain Off-Road Enterprises, Pro-gard Products, LLC, RCI Metalworks LLC by Cortec Group Portfolio Company, Ricochet Off-Road, Rival Middle East Trading LLC, S.C. Steel Sump Guard S.R.L., Scrape Armor, Seizmik Utility Systems, Setina Manufacturing Inc., SFK Manufacturing, LLC., SSS Off-Road, Steel Skid Plate, Textron Inc., The Offroad Company, and Westin Automotive Products, Inc..

Market Segmentation & Coverage

This research report categorizes the Automotive Skid Plate Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Type
• Fuel Cell Range Extender
• ICE Range Extender
• Material
• Aluminum
• Steel
• Vehicle Type
• All-Terrain Vehicles (ATV)
• Military Vehicles
• Sports Utility Vehicle (SUV)

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

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