Press release
Nerf Bars & Running Boards Market Set for Strong Growth Through 2032
Nerf Bars and Running Boards Market
The Nerf Bars and Running Boards Market has grown significantly in tandem with the rising popularity of SUVs and pickup trucks across global markets. As these vehicles increase in size, consumers are demanding practical and stylish accessories that enhance usability and aesthetics. Nerf bars and running boards serve a dual purpose: they aid in easy access to the vehicle-especially for children, the elderly, or physically challenged individuals-and contribute to the rugged, customized look many drivers desire.
In 2024, the market is witnessing steady expansion, with analysts projecting a healthy compound annual growth rate (CAGR) through 2032. Key growth drivers include increased SUV production, rising interest in off-road and modified vehicles, and the proliferation of electric trucks. Among the different product types, electric-powered running boards are leading the market due to their convenience and modern appeal. Regionally, North America dominates the global nerf bars and running boards market. This leadership is attributed to the region's high SUV and pickup truck ownership, robust aftermarket culture, and customer inclination toward customization.
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🔹 Key Highlights from the Report
• North America remains the leading region due to high sales of SUVs and light trucks.
• Electric-powered running boards are gaining popularity for their ease of use and modern design.
• The aftermarket segment offers significant growth potential due to customization trends.
• Lightweight materials like aluminum and composite polymers are increasingly preferred.
• Rising vehicle production in Asia-Pacific is contributing to regional market expansion.
• Customization and aesthetic appeal are primary purchase motivators for end users.
Market Segmentation
The market is segmented based on product type, material, product thickness, sales channel, and vehicle type. Product-wise, the market includes electric-powered and mechanical/fixed nerf bars and running boards. Electric variants are gaining traction due to their automatic deployment and retraction features, enhancing vehicle convenience and luxury perception. In contrast, mechanical types remain popular due to affordability and simplicity.
From a material perspective, options include steel, stainless steel, composite polymers, and aluminum. Composite polymer and aluminum variants are expected to witness increasing demand due to their lightweight properties and resistance to corrosion. In terms of product thickness, 3-inch to 6-inch bars are available, with choices influenced by aesthetic preferences and functional needs. The market is also split between OEMs and aftermarket sales, with the aftermarket segment experiencing higher growth thanks to customization trends.
Regional Insights
North America leads the global market for nerf bars and running boards, driven by high SUV and pickup truck ownership and the regional consumer's strong preference for vehicle customization. The U.S. and Canada collectively contribute a significant share to both OEM and aftermarket sales.
Meanwhile, the Asia-Pacific region, especially countries like China and India, is rapidly emerging as a growth hotspot. The increase in vehicle production, urbanization, and adoption of lifestyle-focused utility vehicles is fueling demand in this region. Latin America and parts of Europe are also showing promise, especially in the aftermarket segment.
Market Dynamics
Market Drivers
The most prominent driver of the nerf bars and running boards market is the global surge in SUV and pickup truck demand. These vehicles often lack easy ingress/egress mechanisms, making nerf bars essential. Moreover, the trend of installing larger tires and vehicle lifts has increased the height of vehicles, thereby necessitating side-step accessories. In parallel, the aesthetic appeal of stylish running boards continues to attract vehicle owners seeking customization options.
Market Restraints
One of the key restraints is the price sensitivity in emerging markets. While nerf bars are essential in many vehicles, especially lifted trucks, cost-conscious consumers in regions like Africa or Southeast Asia may delay or avoid such upgrades. Moreover, some new vehicle models come pre-equipped with advanced entry systems, reducing the aftermarket scope in certain segments. Durability concerns with cheaper materials also create hesitancy among consumers.
Market Opportunities
Opportunities abound in the aftermarket and customization segment, particularly for electric-powered running boards and sporty nerf bars. The rise of electric trucks also creates space for accessories that are compatible with EV platforms. Further, manufacturers can capitalize on demand for eco-friendly materials by innovating lightweight and sustainable options. The growing ridesharing and commercial fleet sectors may also demand standardized nerf bars to improve passenger safety and accessibility.
âś” Reasons to Buy the Report
âś” Comprehensive analysis of key trends and market growth drivers globally
âś” Detailed segmentation to identify profitable and high-growth sub-markets
âś” Insights into leading companies and their product innovations
âś” In-depth regional breakdowns to support strategic expansion
âś” Forward-looking projections to assist with long-term planning and investment
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đź“Ś Frequently Asked Questions (FAQs)
How big is the nerf bars and running boards market in 2024?
What is the projected growth rate of the nerf bars and running boards market through 2032?
Who are the key players in the global nerf bars and running boards market?
What is the market forecast for nerf bars and running boards by 2032?
Which region is estimated to dominate the industry through the forecast period?
🏢 Company Insights
Key players operating in the Nerf Bars and Running Boards Market include:
1. Lund International
2. Westin Automotive
3. AMP Research
4. DEEZEE
5. Luverne
6. N-FAB
7. Onki
8. Go Rhino
9. Steelcraft
Recent Developments:
• AMP Research recently launched a new line of electric-powered running boards compatible with EV trucks like the Ford F-150 Lightning.
• Westin Automotive expanded its production line with corrosion-resistant stainless steel running boards targeting colder climates.
Conclusion
The nerf bars and running boards market is well-positioned for robust growth, fueled by global trends in SUV popularity, consumer customization preferences, and expanding vehicle production. While the market faces certain restraints like price sensitivity and OEM integrations, the opportunities in the aftermarket space-especially in electric-powered and lightweight accessories-are significant.
As automakers continue to innovate and electrify their fleets, the market for nerf bars and running boards will also evolve to meet changing demands. Stakeholders including manufacturers, suppliers, and aftermarket retailers should keep an eye on emerging regions and evolving consumer behavior to tap into the full potential of this growing market.
With a strong CAGR forecast and increasing applications across passenger and commercial vehicles, the nerf bars and running boards market is set to play a vital role in vehicle accessibility and aesthetics through 2032 and beyond.
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