The Automotive Rocker Panel Market is Predict to reach USD 75.3 Billion by 2031, at a CAGR of 4.9%

Automotive Rocker Panel Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Automotive Rocker Panel Market size is expected to reach $75.3 billion by 2031, rising at a market growth of 4.9% CAGR during the forecast period.

The Aftermarket segment is registering a CAGR of 5.9% during (2024 - 2031). Increasing vehicle ownership, particularly in emerging markets, contributes to a greater demand for replacement rocker panels aftermarket due to normal wear and tear. This is one of several factors contributing to this expansion. Additionally, vehicle customisation and personalisation have driven demand for aftermarket rocker panels that offer unique designs and finishes, further boosting growth in this segment.

The Steel segment is leading the Global Automotive Rocker Panel Market by Product Type in 2023; thereby, achieving a market value of $47.6 billion by 2031. Steel rocker panels are known for their durability and strength, making them popular among automakers and consumers. They offer excellent protection against road debris and impacts, contributing to vehicles' overall safety and structural integrity. The widespread use of steel rocker panels in passenger and commercial vehicles has contributed to their dominant position in the market.

The Commercial Vehicle segment is experiencing a CAGR of 5.6% during (2024 - 2031). Commercial vehicles, including trucks, buses, and vans, often require robust rocker panels to withstand the rigours of commercial use. These vehicles are subjected to heavy loads, rough road conditions, and frequent loading and unloading, necessitating durable rocker panels for protection and structural integrity. Commercial vehicle operators increasingly recognise the importance of rocker panels in protecting their vehicles and enhancing their appearance. As a result, there is a growing demand for high-quality rocker panels that meet commercial vehicles' specific requirements.

Full Report: https://www.kbvresearch.com/automotive-rocker-panel-market/

The Asia Pacific region dominated the Global Automotive Rocker Panel Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $37 billion by 2031. The Europe region is anticipating a CAGR of 4.3% during (2024 - 2031). Additionally, The North America region would exhibit a CAGR of 4.7% during (2024 - 2031).

List of Key Companies Profiled

• Smittybilt Inc.
• B&I Trim Products, Inc. (TACNA Services, Inc.)
• Auto Metal Direct, LLC
• Nor/Am Auto Body Parts
• Classic 2 Current Fabrication
• Putco Inc.
• EGR Automotive (EGR Group)
• Westin Automotive Products, Inc. (Wedgestone Corporation)
• Omix-ADA, Inc. (RealTruck Group, Inc.)

Automotive Rocker Panel Market Report Segmentation

By Sales Channel

• OEM
• Aftermarket

By Product Type

• Steel
• Plastic
• Rubber

By Vehicle Type

• Passenger Car
• Commercial Vehicle

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Automotive Rocker Panel Market Size to 2031

• June-2024
• 79 Pages

LAMEA Automotive Rocker Panel Market Size & Forecast 2031

• June-2024
• 88 Pages

Europe Automotive Rocker Panel Market Size | Trend to 2031

• June-2024
• 89 Pages

Asia Pacific Automotive Rocker Panel Market Size by 2031

• June-2024
• 90 Pages