An automotive skid plate is a sheet of abrasion – resistant material fixed onto the undercarriage to prevent damage when it is near, or contact is made with the ground. Automotive skid plates are most widely used in off – roading conditions to save the vehicle from damage.
Due to the advantage of automotive skid plates of protecting against damage, it is also used for the protection of various other components of the vehicle such as the engine, gearbox, fuel tank, transfer cases, differentials, control arms and various different essential parts of the vehicle. The service life of the vehicle is increased by the usage of automotive skid plates.
Nowadays, fake automotive skid plates are added to the underside of the vehicle giving them an off – road feel without actually being one, thereby giving a sporty and trendy look to the vehicle. Since automotive skid plates are exposed to a higher amount of dirt and debris on the ground, the conventional material of steel is replaced with other materials such as plastic or fiber glass to provide a longer life cycle.
Automotive skid plates also have an efficient laser cutting manufacturing which allows manufacturers to minimize the number of holes in the vent system, thereby preventing the engine from being overheated, also driving the growth for automotive skid plates.
Of the passenger car sales, SUVs have exceeded the 40% of the total new car sales worldwide. Furthermore, the SUV sales have offset the gains made via electric vehicles. Increased spending on automotive accessories by the regional population has been instrumental in the development of automotive skid plate sales.
The burgeoning sales of the SUV has significantly contributed to the sales of automobile skid plate. The growth of automobile skid plate is also attributed to adventurous fanatics and the recent rise of off – roading competitions such as dune bashing, rock racing, desert racing mudding, rock crawling amongst many others.
Barring SUVs and Rugged Terrain Vehicles, the adoption rate of automotive skid plates has been relatively feeble in the other passenger car types owing to the non-essentiality of the product in the mentioned category. However, with the growth of refurbished and custom designed vehicles, the market participants can perceive it as a growth opportunity.
With the subdued growth of the automobile industry before the covid-19 impact, the industry has further faced production slowdown in the present year due to the pandemic. The reduced output production coupled with disruption in component supply chain has been strongly evident in the first half of the fiscal.
However, during in the second quarter of 2020, automobile sales improved as compared to the first with market growth reeling back towards a decent growth rate. The rebound for automotive skid plated market growth is likely to incur a considerable time with low to moderate sales of the product in regional markets.
North America accounts for the significant amount of sales of SUV’s, pick – ups and long haul vehicles which travel over a long distance thereby accounting for a higher demand of automotive skid plates as well. Factors such as the rise in tourism, races and off – roading adventure sports in various regions such as North America, followed by Europe and Oceania is expected to boost the growth of the automotive skid plates market.
Major market participants in the global Automotive skid plate market identified across the value chain include:
The Automotive skid plate research report presents a comprehensive assessment of the Automotive skid plate market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Automotive skid plate research report provides analysis and information according to market segments, such as geographies, application, and industry.
The Automotive skid plate global report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The Automotive skid plate report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Automotive Skid Plate Market
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