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Automotive Electric Side Step Market Size, Share, Growth, Analysis, Key Players, Revenue, | Valuates Reports
Automotive Electric Side Step Market SizeThe global Automotive Electric Side Step market was valued at US$ 86 million in 2023 and is anticipated to reach US$ 164.3 million by 2030, witnessing a CAGR of 8.9% during the forecast period 2024-2030.
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Automotive Electric Side Step Market Trends
The Automotive Electric Side Step market size is expanding due to increasing consumer preference for luxury, comfort, and accessibility in vehicles. These motorized steps provide ease of entry and exit, particularly in SUVs, trucks, and high-ground-clearance vehicles, enhancing overall convenience. Automakers are incorporating advanced electric side steps with smart sensors and automatic deployment mechanisms to cater to the demand for premium vehicle features. The growing trend of electrification and smart vehicle accessories is further driving market growth.
In terms of market share, North America and Europe are key regions, fueled by high sales of luxury SUVs and pickup trucks. The Asia-Pacific market, led by China, Japan, and South Korea, is witnessing rapid growth due to rising vehicle customization trends and increasing disposable incomes. Major automotive component manufacturers are investing in lightweight materials, durable mechanisms, and integration with vehicle electronics to improve product efficiency and durability.
A comprehensive market analysis suggests that the rising adoption of aftermarket and OEM electric side steps is contributing to steady revenue growth. As the automotive industry moves toward smart mobility solutions, the Automotive Electric Side Step market revenue is expected to grow significantly, supported by technological advancements, expanding vehicle fleets, and consumer demand for enhanced comfort and accessibility.
Segment by Type
• SUV
• MPV
• Off-Road Vehicle
Segment by Application
• OEM
• After Market
By Company
Foshan Wonder Tech Auto Accessories, Dongjian Automotive Technology, Mapletech, Bohai Automotive Systems, ActionTrac, CBS Automotive, Westin
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