According to IMARC Group’s latest report, titled “Automotive Rocker Panel Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global automotive rocker panel market exhibited moderate growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 6% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Automotive rocker panel refers to strip of fiber, metal or stainless steel which is placed on the sides of a passenger or commercial vehicle. It is used for providing structural support to the vehicle by preventing the bottom from sagging in the middle and preventing deformation of the body in case of an accident. Automotive rocker panels are installed between front and rear wheels, right below the doors, to provide structural support and reinforcement to the doors.
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The rising demand for commercial and passenger vehicles is primarily driving the market for automotive rocker panels. Furthermore, the implementation of stringent government regulations pertaining to numerous security standards is also augmenting the market growth. Moreover, the emergence of electric vehicles due the growing environmental concerns is further catalyzing the market. Additionally, rising demand for second-hand vehicles and increasing repair and maintenance activities are also propelling the adoption of automotive rocker panels in the after-market segment. Various technological innovations such as introduction of lightweight polymers, such as modified polycarbonate and polybutylene terephthalate, have led to the emergence of advanced product variants in the market which is further expected to drive the market growth.
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List of Key Companies Covered in this Market Report:
- Auto Metal Direct LLC
- Classic 2 Current Fabrication
- Putco Inc.
- Rugged Ridge (Truck Hero Inc.)
- SMP Deutschland GmbH (Samvardhana Motherson Automotive Systems Group B.V.)
- Willmore Manufacturing Inc.
The report has segmented the market on the basis of type, vehicle type, sale channel, material and region.
Breakup by Type:
- Lower Quarter Panels
- Door Rocker Panels
Breakup by Vehicle Type:
- Light Duty Vehicles
- Medium Duty Vehicles
- Heavy Duty Vehicles
Breakup by Sales Channel:
- Original Equipment Manufacturers (OEMs)
Breakup by Material:
- Stainless Steel
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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