The Europe Automotive Rocker Panel Market would witness market growth of 4.3% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Automotive Rocker Panel Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,249 Million by 2031. The UK market is registering a CAGR of 3.4% during (2024 - 2031). Additionally, The France market would showcase a CAGR of 5.4% during (2024 - 2031).
The automotive rocker panel is a structural component located along the lower edge of the vehicle body, between the front and rear wheel wells, running from the vehicle's front fender to the rear fender. It serves several important functions in a vehicle's design and construction. For example, the rocker panel contributes to the vehicle's overall structural integrity, helping to support the vehicle's weight and providing rigidity to the body structure. This is particularly important in unibody construction vehicles, where the body and frame are integrated into a single structure.
In recent years, the automotive industry has been constantly evolving, driven by technological advancements, changing consumer preferences, and regulatory pressures. The rocker panel is a critical component that significantly influences automobiles' structural integrity and visual appeal. As a key part of the vehicle's body structure, the rocker panel serves as a protective barrier between the lower part of the vehicle and the road, shielding it from debris, water, and other external elements. In addition to its functional role, the rocker panel also contributes to the vehicle's overall design and visual appeal, making it an important consideration for both automakers and consumers.
Additionally, in Europe, the demand for SUVs has also been on the rise. According to ACEA, SUVs accounted for around 40% of total passenger car sales in Europe in 2021, up from around 25% in 2015. A multitude of factors, including the availability of compact and subcompact SUVs, which appeal to a wide variety of consumers, have contributed to this increase in demand. Hence, the region will present lucrative growth opportunities for the market throughout the forecast period.
Free Valuable Insights: The Global Automotive Rocker Panel Market will Hit 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Sales Channel
By Product Type
By Vehicle Type
By Country
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