The Asia Pacific Automotive Rocker Panel Market would witness market growth of 5.2% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Automotive Rocker Panel Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $9,689.1 Million by 2031. The Japan market is exhibiting a CAGR of 4.4% during (2024 - 2031). Additionally, The India market would experience a CAGR of 5.8% during (2024 - 2031).
Motorisation has accelerated in numerous Southeast Asian and African nations, as well as in emerging markets, including India, China, Brazil, and several others. For example, the automotive sector in India has seen robust growth, becoming one of the largest automobile industries. This growth has led to a substantial increase in the vehicle parc, translating to a higher demand for replacement rocker panels in the aftermarket segment.
Subsequent to the deterioration and ageing process of automobiles, replacement components, such as rocker panels, are consistently required to preserve the operational and visual appeal of the vehicles. In Brazil, another emerging market, the automotive sector has been a key driver of economic growth. The country has a large and diverse vehicle parc, including passenger cars, commercial vehicles, and motorcycles. The increasing number of vehicles on Brazilian roads has led to a growing aftermarket for replacement parts, including rocker panels, to cater to vehicle owners' maintenance and repair needs.
Additionally, Thailand, frequently hailed as the "Detroit of Asia," assumes a substantial position within the automotive sector of the Asia Pacific region. In 2022, Thailand produced about 1.6 million vehicles, as the Federation of Thai Industries (FTI) reported. The country is a major production hub for several international automakers, and its automotive parts industry is well-developed. The continuous growth in vehicle production, coupled with Thailand's strategic focus on becoming a leading EV manufacturing base in Southeast Asia, boosts the demand for automotive rocker panels. Thus, the market will rise continuously in this region.
Free Valuable Insights: The Global Automotive Rocker Panel Market is Predict to reach USD 75.3 Billion by 2031, at a CAGR of 4.9%
Based on Sales Channel, the market is segmented into OEM and Aftermarket. Based on Product Type, the market is segmented into Steel, Plastic and Rubber. Based on Vehicle Type, the market is segmented into Passenger Car and Commercial Vehicle. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Sales Channel
By Product Type
By Vehicle Type
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 