The global automotive rocker panel market size reached US$ 55.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 77.9 Billion by 2032, exhibiting a growth rate (CAGR) of 3.7% during 2024-2032. Increasing demand for passenger cars and light commercial vehicles, the growing trend towards customization of vehicles, and rising disposable income represent some of the key factors driving the market.
Market Size in 2023
|US$ 55.8 Billion
Market Forecast in 2032
|US$ 77.9 Billion
|Market Growth Rate 2024-2032
The automotive rocker panel is located between the wheels and below the doors. It serves as a protective barrier against road debris, water, and mud. It is made from durable materials, such as steel, aluminum, or plastic, and is designed to withstand harsh conditions. One advantage of rocker panels is their ability to enhance a vehicle's appearance. They can be customized with different finishes and styles, including chrome or matte black. Additionally, rocker panels can help reinforce a car's frame and prevent rust and corrosion. Currently, there are several types of product variants available, including original equipment manufacturer (OEM) replacement, custom-fit, and universal-fit panels.
Automotive Rocker Panel Market Trends:
The global automotive rocker panel market is primarily driven by the increasing demand for passenger cars and light commercial vehicles and the growing trend towards customization of vehicles. Besides this, the rising disposable income of consumers and the need for vehicle safety and protection are creating a positive outlook for the market. Moreover, the adoption of advanced materials in manufacturing processes and the development of new technologies for improving the strength and durability of rocker panels are providing an impetus to the market growth. Furthermore, the expanding automotive manufacturing sector in emerging economies and the shifting focus on reducing vehicle weight and improving fuel efficiency are bolstering the market growth. Other factors, such as the rising demand for electric and hybrid vehicles, the growth of e-commerce platforms for automotive parts and accessories, and the increasing awareness among consumers about the importance of vehicle maintenance and repair, are fueling the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive rocker panel market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, vehicle type, sales channel and material.
- Lower Quarter Panels
- Door Rocker Panels
The report has provided a detailed breakup and analysis of the automotive rocker panel market based on the type. This includes lower quarter panels and door rocker panels.
Vehicle Type Insights:
- Light Duty Vehicles
- Medium Duty Vehicles
- Heavy Duty Vehicles
The report has provided a detailed breakup and analysis of the automotive rocker panel market based on the vehicle type. This includes light, medium, and heavy duty vehicles.
Sales Channel Insights:
- Original Equipment Manufacturers (OEMs)
The report has provided a detailed breakup and analysis of the automotive rocker panel market based on the sales channel. This includes aftermarket and original equipment manufacturers (OEMs). According to the report, original equipment manufacturers (OEMs) accounted for the largest market share.
- Stainless Steel
The report has provided a detailed breakup and analysis of the automotive rocker panel market based on the sales channel. This includes stainless steel, fiber, and rubber. According to the report, stainless steel accounted for the largest market share.
- North America
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for automotive rocker panel. Some of the factors driving the North America automotive rocker panel market included significant expansion in the automotive industry, the increasing need to meet the security standards of the vehicle, and significant product innovations.
The report has also provided a comprehensive analysis of the competitive landscape in the global automotive rocker panel market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Auto Metal Direct LLC, Classic 2 Current Fabrication, Putco Inc., Rugged Ridge (Truck Hero Inc.), Smittybilt, SMP Deutschland GmbH (Samvardhana Motherson Automotive Systems Group B.V.), and Willmore Manufacturing Inc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
|Base Year of the Analysis
|Type, Vehicle Type, Sales Channel, Material, Region
|Asia Pacific, Europe, North America, Latin America, Middle East and Africa
|United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
|Auto Metal Direct LLC, Classic 2 Current Fabrication, Putco Inc., Rugged Ridge (Truck Hero Inc.), Smittybilt, SMP Deutschland GmbH (Samvardhana Motherson Automotive Systems Group B.V.) and Willmore Manufacturing Inc.
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Key Questions Answered in This Report:
- How has the global automotive rocker panel market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global automotive rocker panel market?
- What is the impact of each driver, restraint, and opportunity on the global automotive rocker panel market?
- What are the key regional markets?
- Which countries represent the most attractive automotive rocker panel market?
- What is the breakup of the market based on the type?
- Which is the most attractive type in the automotive rocker panel market?
- What is the breakup of the market based on the vehicle type?
- Which is the most attractive vehicle type in the automotive rocker panel market?
- What is the breakup of the market based on the sales channel?
- Which is the most attractive sales channel in the automotive rocker panel market?
- What is the breakup of the market based on the material?
- Which is the most attractive material in the automotive rocker panel market?
- What is the competitive structure of the global automotive rocker panel market?
- Who are the key players/companies in the global automotive rocker panel market?
Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the automotive rocker panel market from 2018-2032.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the global automotive rocker panel market.
- The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the automotive rocker panel industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.