The Vietnam automotive rocker panel market size reached USD 231.20 Million in 2024. The market is projected to reach USD 314.83 Million by 2033, exhibiting a growth rate (CAGR) of 3.49% during 2025-2033. The market is driven by the rapid expansion of Vietnam's electric vehicle sector with government incentives accelerating EV adoption, the strategic influx of Chinese automotive manufacturers establishing local manufacturing operations, and the significant growth in domestic automotive production. Additionally, the increasing localization of automotive components and the establishment of new manufacturing facilities by international brands are expanding the Vietnam automotive rocker panel market share.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 231.20 Million |
Market Forecast in 2033 | USD 314.83 Million |
Market Growth Rate 2025-2033 | 3.49% |
Electric Vehicle Integration and Infrastructure Development
The Vietnamese automotive rocker panel market is experiencing significant transformation driven by the country's rapid shift toward electric mobility solutions. VinFast achieved total domestic sales of 87,000 units in 2024, representing a 150% increase compared to 2023 and establishing itself as Vietnam's best-selling automotive brand. The government has implemented comprehensive support policies including 0% registration tax for battery electric vehicles until 2026, reduced import duties, and substantial infrastructure investments. This electric vehicle momentum is directly impacting rocker panel demand as manufacturers require specialized lightweight materials and enhanced structural components to accommodate electric powertrains and battery systems. The shift toward electric vehicles necessitates rocker panels with improved aerodynamics, corrosion resistance, and weight optimization, driving innovation in materials and manufacturing processes throughout Vietnam's automotive supply chain.
Chinese Manufacturing Investment and Market Expansion
The Vietnamese automotive market witnessed an unprecedented influx of Chinese automotive brands in 2024, fundamentally reshaping the competitive landscape and driving increased demand for automotive components including rocker panels. The Vietnam automotive rocker panel market growth is significantly bolstered by the country's strategic focus on expanding domestic automotive production capabilities and increasing component localization rates. Major Chinese manufacturers including BYD, GAC, Aion, Omoda, and Jaecoo have launched their first vehicles in Vietnam, with many planning local assembly operations to meet growing demand. Geely Auto Group established a joint venture with Tasco for automobile assembly in Thai Binh province, planning for an initial annual production capacity of 75,000 units with a USD 168 Million investment. This expansion of Chinese automotive presence is creating substantial opportunities for Vietnamese rocker panel manufacturers to supply both original equipment and aftermarket segments, as these companies prioritize local sourcing to reduce costs and comply with emerging trade regulations.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecast at the regional levels from 2025-2033. Our report has categorized the market based on type, vehicle type, sales channel, and material.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes lower quarter panels and door rocker panels.
Vehicle Type Insights:
A detailed breakup and analysis of the market based on vehicle type have also been provided in the report. This includes light duty vehicles, medium duty vehicles, and heavy duty vehicles.
Sales Channel Insights:
The report has provided a detailed breakup and analysis of the market based on the sales channel. This includes aftermarket and original equipment manufacturers (OEMs).
Material Insights:
A detailed breakup and analysis of the market based on material have also been provided in the report. This includes stainless steel, fiber, and rubber.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key 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.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Types Covered | Lower Quarter Panels, Door Rocker Panels |
Vehicle Types Covered | Light Duty Vehicles, Medium Duty Vehicles, Heavy Duty Vehicles |
Sales Channels Covered | Aftermarket, Original Equipment Manufacturers (OEMs) |
Materials Covered | Stainless Steel, Fiber, Rubber |
Regions Covered | Northern Vietnam, Central Vietnam, Southern Vietnam |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: