Market Research Report
Automotive Rocker Panel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
|Published by||IMARC Services Private Limited||Product code||960495|
|Published||Content info||108 Pages
Delivery time: 2-3 business days
|Automotive Rocker Panel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025|
|Published: September 3, 2020||Content info: 108 Pages||
The global automotive rocker panel market grew at a CAGR of around 6% during 2014-2019. Automotive rocker panel refers to a strip of fiber, metal or stainless steel that is placed on the sides of a passenger or commercial automobile. It is fixed below the door opening and between the front and the rear wheels to provide structural support and reinforcement to the doors. The rocker panels are also used for securing the frame of the vehicle from sagging in the middle and preventing deformation of the body in case of an accident. Apart from this, they offer an additional layer of protection against peeling and chipping of the door panel.
Significant growth in the automotive industry is one of the key factors creating a positive outlook for the market. In line with this, automobile manufacturers are developing rocker panels that meet the security standards and enhance the aesthetic appeal of the vehicle. They are also manufacturing product variants with materials that offer higher strength, security and durability. Additionally, various product innovations, such as the utilization of lightweight polymers, such as modified polycarbonate and polybutylene terephthalate, to manufacture rocker panels, are acting as other growth-inducing factors. These materials aid in minimizing the overall weight of the vehicle and enhancing fuel efficiency. In line with this, product manufacturers are also replacing old, damaged and eroded rocker panels with new and advanced corrosion-resistant materials. Other factors, including the increasing demand for heavy vehicles, such as trucks, in the transportation sector, along with the widespread adoption of electric and hybrid vehicles (EVs/HVs), are expected to drive the market further. Looking forward, IMARC Group expects the global automotive rocker panel market to continue its moderate growth during the next five years.