The North America Automotive Rocker Panel Market would witness market growth of 4.7% CAGR during the forecast period (2024-2031).
The US market dominated the North America Automotive Rocker Panel Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $10,758.1 Million by 2031. The Canada market is experiencing a CAGR of 7% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 6.1% during (2024 - 2031).
The automotive industry has seen a substantial transformation towards vehicle customisation and personalisation in response to consumer demands for unique and customised vehicles. This trend has increased demand for aftermarket parts and accessories, including rocker panels, that offer unique designs, finishes, and features.
There is an increasing demand among consumers for their vehicles to be distinctive and indicative of their individuality and way of life. This has led to a growing demand for aftermarket rocker panels that offer various designs, colours, and finishes to cater to individual preferences. Platforms like Instagram, Facebook, and automotive forums have created a space for enthusiasts to showcase their customised vehicles and share ideas and inspiration. This has fueled a desire among consumers to personalise their vehicles and seek out unique aftermarket parts, including rocker panels, to achieve the desired look.
In addition, from 2021 to 2022, the total number of road automobiles registered in Canada grew by 0.3%, reaching 26.3 million, according to Statistics Canada. In 2022, light-duty vehicles comprised 91.7% of the total number of registrations, while multi-purpose vehicles surpassed passenger cars as Canada's most prevalent vehicle category for the first time. The percentage of light-duty vehicle registrations occupied by electric vehicles increased from 2.3% in 2021 to 3.0% in 2022. The shift towards multi-purpose vehicles surpassing passenger cars as the most prevalent vehicle category further emphasises the need for rocker panels catering to various vehicle types. Therefore, the aforementioned factors contribute to the rising demand for automotive rocker panels.
Free Valuable Insights: The 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 U.S., Mexico, Canada, and Rest of North America.
By Sales Channel
By Product Type
By Vehicle Type
By Country
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