PUBLISHER: Allied Market Research | PRODUCT CODE: 1472348
PUBLISHER: Allied Market Research | PRODUCT CODE: 1472348
Automotive Rocker Panel Market by Product Type (Steel, Plastic, and Rubber), Vehicle Type (Passenger Car and Commercial Vehicle), and Sales Channel (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2024-2033
Rocker panel in vehicles is an integral structural element that is deployed below the vehicle, connecting the front and rear wheel wells. Rocker panels provide structural support. In addition, the positioning of rocker panels plays a crucial role in shaping the vehicle's side profile and contributes to its overall aesthetic appeal, influenced by the design of the car doors.
Rocker panel of a vehicle plays a role in mitigating the impact of collisions by absorbing a portion of the force. It further prevents the vehicle body from damaging during a collision. Beyond their structural function, rocker panels have the added benefit of enhancing the car's aerodynamics. The specific design of these panels aids in minimizing drag, thereby contributing to improved fuel efficiency. Lack of rocker panels impacts the structural integrity of the car. Without this, the force from an accident affects other parts of the vehicle.
Shifts in consumer preferences toward luxury vehicles, stringent regulations to reduce emissions, and advancements in technology have led to significant transformation in personal mobility habits. People are progressively incorporating various modes of transportation to fulfill their travel needs. Ultimately, the conventional model of selling cars are surged by a variety of on-demand mobility solutions, particularly in densely populated urban areas where there is widespread use of private cars. Thus, as the demand and development is increasing, the production is increasing, thereby impacting the market growth positively.
Moreover, the automotive rocker panel market is witnessing significant growth due to rising investments in the luxury and high-end car segments. These premium vehicles are equipped with a range of top-tier features, which have become a standard offering for automotive manufacturers. For instance, Audi, a prominent German automotive company specializing in luxury vehicles, reported a revenue increase of 16.4% in the fiscal year 2022, reaching a total revenue of $61.8 billion. While luxury cars are often expensive, the consumer base for such vehicles is steadily expanding for several reasons. These include growing income in both developing and developed nations as well as increased access to financial assistance, enabling more people to invest in luxury automobiles. The production of luxury vehicles involves the development of lightweight components made from carbon fiber, steel, rubber due to which the rocker panels are finding applications in these vehicles.
In developing economies such as China and India, rise in demand for lightweight vehicles is driving manufacturers to consistently explore and identify the optimal composition materials. This aims to decrease vehicle weight and influence vehicle performance during the forecast period. This development is anticipated to create new opportunities in the market growth as this innovation aligns with the automotive industry's efforts to optimize vehicle efficiency and performance.
The global automotive rocker market is segmented into product type, vehicle type, sales channel, and region. On the basis of product type, the market is categorized into steel, plastic, rubber. By vehicle type, it is segregated into passenger car and commercial vehicle. Depending on sales channel, it is divided into OEM and Aftermarket. Region wise, it is studied across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
The key players covered in the report include C2C Fabrication, Putco, Smittybilt, Innovative Creations, Rugged Ridge, B&I, QMI sharp, Willmore Manufacturing, Nor/Am Auto Body Parts, and Auto Metal Direct.
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