Global Automotive Skid Plate Market 2017-2021
About Automotive Skid Plate
A skid plate is an abrasion-resistant material attached to the bottom of a vehicle to avoid damage to the underside when the connection is made with the ground. Skid plates can be used on off-road vehicles and lowered vehicles to prevent harm to the underside.
Technavio’s analysts forecast the global automotive skid plate market to grow at a CAGR of 17.06% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive skid plate market for 2017-2021. To calculate the market size, the report considers the skid plate fitment in the OEM and aftermarket.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Skid Plate Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive skid plate market: All-Pro, Offroad, Setina Manufacturing Company, RCI Metalworks, and Relentless Off-road Fabrication
Other Prominent Vendors in the market are: BudBuilt and PELFREYBILT.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is innovation in manufacturing technologies. Skid plates are used to give protection to the underside of a vehicle where important components are placed. They increase the longevity of the vehicle by protecting its parts. There are a lot of developments and innovations taking place in the skid plate segment. One of the main innovations is manufacturing skid plates using a single sheet (using a laser cutting machine and custom tools) instead of making them out of many small pieces. By doing this, the number of holes in the vent system can be reduced, which will prevent the engine from overheating by reducing the amount of mud and debris the engine will get exposed to.”
According to the report, one of the major drivers for this market is rise in the sales of SUVs leading to the demand for skid plates. SUVs have a high ground clearance and significantly higher center of gravity as compared to normal sedans or hatchbacks. Most of the SUVs available in the market come equipped with a four-wheel drive or all-wheel drive for traversing through tough and rugged terrains. These vehicles are inherently developed with such characteristics in order to imbibe certain off-road characteristics. In addition, SUVs offer high seating position that gives extra room and comfort to its occupants. They also come with 7 or 8 seat options. Hence, they have more space to accommodate more passengers compared with the conventional sedans or hatchbacks.
Further, the report states that one of the major factors hindering the growth of this market is concerns over skid plates moving from a functional component to just a style gimmick. Many manufacturers and customers treat skid plates as a styling feature rather than considering their functionality. Skid plates are essential to protect the underside of a vehicle where a number of important engine parts are placed. For instance, according to the customers of Porsche 911, the front skid plate of the vehicle does not protect the oil pan, and the rear one does not protect the gas tank completely. In addition, skid plates reduce fuel efficiency as well as performance as they are heavy.
All-Pro, Offroad, Setina Manufacturing Company, RCI Metalworks, Relentless Off-road Fabrication, BudBuilt and PELFREYBILT.
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