What is Global Automotive Electric Side Step Market?
The Global Automotive Electric Side Step Market is a burgeoning sector within the automotive industry. This market revolves around the production and distribution of electric side steps, which are retractable steps that are installed beneath the doors of vehicles. These steps are designed to extend when the door is opened, providing an additional step for passengers and drivers to use when entering or exiting the vehicle. This feature is particularly useful for high-riding vehicles such as SUVs, trucks, and vans. The electric side step market is a global one, with manufacturers and distributors spread across the world. The market is driven by the increasing demand for comfort and luxury features in vehicles, as well as the growing popularity of SUVs and other high-riding vehicles. The market is also influenced by technological advancements in the automotive industry, which have led to the development of more efficient and reliable electric side steps.
SUV, MPV, Off-Road Vehicle in the Global Automotive Electric Side Step Market:
The Global Automotive Electric Side Step Market is particularly relevant to SUVs, MPVs, and off-road vehicles. These vehicles are typically higher off the ground than standard cars, making it more difficult for passengers to enter and exit. Electric side steps provide a convenient solution to this problem, extending when the door is opened to provide an additional step. This feature is becoming increasingly popular in these types of vehicles, driving growth in the electric side step market. Manufacturers are continually innovating and improving their products to meet the demands of consumers, leading to the development of more efficient, reliable, and aesthetically pleasing electric side steps. This ongoing innovation, coupled with the growing popularity of SUVs, MPVs, and off-road vehicles, is expected to continue driving growth in the electric side step market.
OEM, After Market in the Global Automotive Electric Side Step Market:
The Global Automotive Electric Side Step Market is utilized in two main areas: OEM and After Market. OEM, or Original Equipment Manufacturer, refers to electric side steps that are installed in vehicles during the manufacturing process. These steps are typically designed and produced by the vehicle manufacturer or a contracted third-party manufacturer. After Market, on the other hand, refers to electric side steps that are installed in vehicles after they have been purchased. These steps are typically produced by third-party manufacturers and installed by professional mechanics or the vehicle owners themselves. Both areas are significant contributors to the electric side step market, with OEMs driving demand through the production of new vehicles and the After Market providing opportunities for growth through upgrades and replacements.
Global Automotive Electric Side Step Market Outlook:
Looking at the market outlook for the Global Automotive Electric Side Step Market, it's clear that this sector is on a growth trajectory. In 2023, the market was valued at a substantial US$ 86 million. However, this figure is expected to almost double by 2030, reaching an estimated value of US$ 164.3 million. This represents a Compound Annual Growth Rate (CAGR) of 8.9% during the forecast period from 2024 to 2030. This growth is expected to be driven by a combination of factors, including the increasing popularity of high-riding vehicles, ongoing technological advancements in the automotive industry, and the growing demand for comfort and luxury features in vehicles.
| Report Metric | Details |
| Report Name | Automotive Electric Side Step Market |
| Accounted market size in 2023 | US$ 86 million |
| Forecasted market size in 2030 | US$ 164.3 million |
| CAGR | 8.9% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Foshan Wonder Tech Auto Accessories, Dongjian Automotive Technology, Mapletech, Bohai Automotive Systems, ActionTrac, CBS Automotive, Westin |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
