A recent report published by
Infinium Global Research on the 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 the 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 the body of the car. 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
vehicles by a large margin.
The severe corrosion results in
the degradation of the 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 automobiles and thereby
offering the longevity of a car. It plays a vital role in enhancing the safety
of a vehicle. Rocker panel saves the bottom of the vehicle from sagging in the
middle, and its strength resists deformation in case of an accident. Owing to
these safety features the demand for the market is growing. Moreover, the
growing automobile industry and transportation provide an immense opportunity
for the 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 a healthy CAGR owing to increasing
demand for light commercial vehicles and transportation vehicles for
construction and oil& gas industries.
The report on the 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 Inc, Willmore Manufacturing, Auto Metal Direct, C2C Fabrication, Putco,
Inc, Rugged Ridge, B&I Inc, 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 the 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.