Global Automotive Rocker Panel Market 2015-2019

Market outlook for the global automotive rocker panel market

Worldwide automotive production is expected to exceed over 118 million vehicles by 2019. OEM manufacturers like Ford, Volkswagen, Peugeot, Renault, Toyota, and Opel largely drive innovations and advancements in the automotive market. Technavio’s market research analysts predict the global automotive market to reach more than 118 million on the basis of production units by 2019.

A key trend emerging in the global rocker panel market is the shift of production units to low-cost countries. Another major trend of the market is the growing use of polymers as a raw material in the manufacture of rocker panels. The demand of light weight rocker panel would help to drive the demand of polymer based rocker panels during the forecast period.

Key utility and application of rocker panels

Steel rocker panels are the most commonly used rocker panel in automotive vehicles. It provides an additional layer of protection against chipping and peeling of pebbles, stones in the body of the door panel.

Also, to providing protection benefits, steel rocker panel is also preferred by the OEMs to generate the metallic finish required to make the automotive vehicle look stylish. Rocker panels made from high-grade stainless steel, (which has high chromium content) also provides resistance to corrosion. This advanced form of stainless steel has properties that allow the rocker panel to perfectly fit the contours of the vehicle with ease.

Global rocker panel market segmentation by end-user

• OEMs   
• Aftermarket

The fall in the prices of steel is expected to drive the demand for steel rocker panel in the OEM segment during the forecast period. The market is expected to surpass 200 million units by the year 2019.

Global rocker panel market segmentation by vehicle type

• LCVs
• Passenger cars
• Heavy commercial vehicles

The growth of the global rocker panel market is directly proportional to the growth of passenger car segment. Thereby, with the growing demand for passenger cars, the rocker panel segment is also likely to witness a significant jump in the forecast period.

Market segmentation by geography      

• APAC    
• EMEA   
• Americas

The automotive sector is growing at a healthy rate in emerging markets such as India, China, South Korea and Mexico, which in turn is increasing the demand for rocker panels in the APAC region. Specialization in the automotive sector has become prevalent, as all of these countries focus on their niche abilities. For instance, Indonesia specializes in utility vehicles, while China specializes in components.

Though there has been a decline in production in Europe, especially in countries like France and Italy, small economies like Slovakia, Slovenia, the Czech Republic, and Poland exhibit growth potential in the automotive rocker panel market.

Vendor landscape of the automotive rocker panel market

• Willmore
• QMI sharp
• B&I
• Nor/Am
• Smittybilt

The global rocker market is a concentrated market with certain prominent vendors constituting about 92% of the market. The prominent market vendors compete mainly  on the basis of pricing.

The market forecast predicts rising sales of luxury vehicles will infuse significant growth into the market over the next four years. The luxury segment will emerge as an attractive opportunity for rocker panel manufacturers during the forecast period.

Other prominent vendors in the market include C2C Fabrication, Innovative Creations, Putco, Auto Metal Direct, and Rugged Ridge.

Key questions answered in the report

• What are the key factors driving the automotive rocker panel market?
• What are the key market trends impacting the growth of the automotive rocker panel market?
• What are the various opportunities and threats faced by the vendors in the automotive rocker panel market?
• Trending factors influencing the market shares for EMEA, APAC, and Americas?
• Key outcome of the five forces analysis on the automotive rocker panel market?
• Growth forecast of the automotive rocker panel market until 2019?

Technavio also offers customization on reports based on specific client requirement.

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