Market Overview:
The global automotive running board market is estimated to be valued at US$ 1,362.8 Mn in 2018 and is projected to register a CAGR of 5.1% over the forecast period (2018–2030), according to a new study by Transparency Market Research (TMR). The market is expected to be worth US$ 2,023.5 Mn by 2030 end. The growth of the global automotive running board market can be attributed to various factors such as increasing demand for passenger cars and commercial vehicles, rising disposable income of consumers, and growing awareness about safety features offered by running boards. In addition, the increasing trend of customization among consumers has led them to install running boards on their vehicles for an enhanced appearance. However, high installation costs may restrain the growth of this market during the forecast period. Based on type, stainless steel was observed as the leading segment in 2017 and is anticipated grow at a CAGR 4% over 2018-2030 followed by aluminum segment with 5% CAGR during same period . On basis application ,passenger car held dominant share in 2017and it will continue its dominance throughout forecasted years while commercial vehicle will grow with highest CAGR 6%.Regionally North America accounted largest revenue share in 2017and it will maintain its dominance throughout forecasted years while Asia Pacific region is expected show highest growth rate 7%.
Product Definition:
An automotive running board is a platform that extends from the side of a vehicle, usually near the door, to provide footing for passengers getting in and out. They are often found on trucks and sport utility vehicles.
Stainless Steel:
Stainless steel is a type of alloy which consists of iron, chromium, nickel and other metals. The combination of these metals gives it corrosion resistance. It has high strength and ductility in addition to being easily fabricated, forming the basis for most modern alloys. Stainless steel is used in various industries including food processing equipment & machinery, chemical processing equipment & machinery electrical appliances and automotive components such as car bodies running boards mirrors etc.
Aluminum:
Aluminum is a lightweight, strong, and durable metal that is extensively used in the automotive industry. It can be alloyed with various other metals to produce stronger material. Aluminum has excellent properties such as corrosion resistance and high strength which makes it an ideal material for use in automobiles. The most commonly used aluminum alloys include boron-free aluminum (BFAA), extruded sheet aluminum (ESAA), and die castings.
Application Insights:
The passenger car application segment accounted for the largest revenue share of over 60% in 2017. The demand for automotive running boards is expected to increase due to rising sales of passenger cars and light commercial vehicles. Moreover, growing urbanization along with increasing disposable income levels in developing countries such as China, India and Brazil will boost the product demand over the forecast period.
Increasing penetration of smartphones has led to a significant rise in mobile payments across various applications including Apple Pay, Android Pay and SamsungPay. This trend is expected to continue further driving growth of e-commerce platforms which will result in an increased number of online transactions on a daily basis which will positively impact market growth over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region, registering a CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing automobile production in countries such as China and India. In 2017, Asia Pacific produced 33% of the total automobiles manufactured worldwide and this number is estimated to rise at a steady pace over the coming years.
Europe accounted for more than 25% share of global revenue in 2017 owing to stringent regulations by regulatory bodies such as EMC2 (Electrical Equipment Product Safety Directive) and WEEE (Waste Electrical & Electronic Equipment) directives that require installation of energy-efficient products on electric vehicles are driving demand across Europe.
Growth Factors:
- Increasing demand for SUVs and luxury cars
- Rising disposable income of consumers
- Technological advancements in running boards
- Growing popularity of off-road adventures and camping trips
- Proliferation of online retail platforms
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Running Board Market Research Report
By Type
Stainless Steel, Aluminum, Others
By Application
Passenger Car, Commercial Vehicle
By Companies
Westin, Go Rhino, N-FAB, Steelcraft, Tuff-Bar, Aries, Onki, Lund, Black Horse, Raptor Series, AMP Research, Romik, Magna
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Running Board Market Report Segments:
The global Automotive Running Board market is segmented on the basis of:
Types
Stainless Steel, Aluminum, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Westin
- Go Rhino
- N-FAB
- Steelcraft
- Tuff-Bar
- Aries
- Onki
- Lund
- Black Horse
- Raptor Series
- AMP Research
- Romik
- Magna
Highlights of The Automotive Running Board Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stainless Steel
- Aluminum
- Others
- By Application:
- Passenger Car
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Running Board Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An automotive running board is a platform that extends from the side of a vehicle and helps passengers get on or off the vehicle.
Some of the key players operating in the automotive running board market are Westin, Go Rhino, N-FAB, Steelcraft, Tuff-Bar, Aries, Onki, Lund, Black Horse, Raptor Series, AMP Research, Romik, Magna.
The automotive running board market is expected to register a CAGR of 5.1%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Running Board Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Running Board Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Running Board Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Running Board Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Running Board Market Size & Forecast, 2018-2028
4.5.1 Automotive Running Board Market Size and Y-o-Y Growth
4.5.2 Automotive Running Board Market Absolute $ Opportunity
Chapter 5 Global Automotive Running Board Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Running Board Market Size Forecast by Type
5.2.1 Stainless Steel
5.2.2 Aluminum
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Running Board Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Running Board Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Running Board Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Running Board Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Running Board Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Running Board Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Running Board Market Size Forecast by Type
9.6.1 Stainless Steel
9.6.2 Aluminum
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Running Board Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Running Board Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Running Board Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Running Board Market Size Forecast by Type
10.6.1 Stainless Steel
10.6.2 Aluminum
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Running Board Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Running Board Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Running Board Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Running Board Market Size Forecast by Type
11.6.1 Stainless Steel
11.6.2 Aluminum
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Running Board Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Running Board Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Running Board Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Running Board Market Size Forecast by Type
12.6.1 Stainless Steel
12.6.2 Aluminum
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Running Board Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Running Board Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Running Board Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Running Board Market Size Forecast by Type
13.6.1 Stainless Steel
13.6.2 Aluminum
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Running Board Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Running Board Market: Competitive Dashboard
14.2 Global Automotive Running Board Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Westin
14.3.2 Go Rhino
14.3.3 N-FAB
14.3.4 Steelcraft
14.3.5 Tuff-Bar
14.3.6 Aries
14.3.7 Onki
14.3.8 Lund
14.3.9 Black Horse
14.3.10 Raptor Series
14.3.11 AMP Research
14.3.12 Romik
14.3.13 Magna
