A recent report published by Infinium Global Research on rocker panel market provides an in-depth analysis of segments and sub-segments in the global as well as regional rocker panel market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional rocker panel market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global rocker panel market. According to the report, the global rocker panel market is projected to grow at a CAGR of 6.3% over the forecast period of 2019-2025.
The rocker panel is a steel piece that integral part of cars body. It is located along the sides of the vehicle between the front and rear wheel well openings. Aside from roof supports, it is the only part of the frame connecting the front and rear of the vehicle. Rocker panel provides a structural reinforcement that keeps the bottom of the vehicle from sagging in the middle. Modern trucks and cars are designed with front and rear crumple zones, high strength rocker panel is essential in creating a passenger cabin area that does not deform in an accident. It is located in a spot low on the body where the eye doesn't catch, so they may be ignored when washing the vehicle. Compromised panels offer less structural support over rough terrain, are much more prone to rust, and they devalue vehicle by a large margin.
The severe corrosion results in the degradation of strength and quality of materials that lead to a growing demand for new material. Which is, in turn, drive the rocker panel market. The rocker panel reduces the chances of corrosion in automobile and thereby offering longevity of a car. It plays a vital role in enhancing the safety of a vehicle. Rocker panel saves the bottom of vehicle from sagging in the middle, and its strength resists deformation in case of an accident. Owing to this safety features the demand for the market is growing. Moreover, the growing automobile industry and transportation provides an immense opportunity for rocker panel market.
Geographically, the rocker panel market is segmented into North America, Europe, the Asia-Pacific, and the Row. The Asia-Pacific is expected to dominate the rocker panel market over a forecast period owing to a rapidly growing automotive industry. The market growth in North America is growing with healthy CAGR owing to increasing demand for light commercial vehicles and transportation vehicles for construction and oil& gas industries.
The report on global rocker panel market covers segments such as material type and application. On the basis of material type, the sub-markets include steel, plastic, and rubber. On the basis of application, the sub-markets include passenger cars, light commercial vehicle, heavy commercial vehicle, and SUVs.
The report provides profiles of the companies in the market such as Nor/Am Auto Body Parts, QMI sharp, Smittybilt, Willmore Manufacturing, Auto Metal Direct, C2C Fabrication, Putco, Inc, Rugged Ridge, B&I, and Others.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of rocker panel market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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