What is Vehicle Rocker Panel?
A vehicle rocker panel is an integral part of the vehicle, it is a stamped steel structure which is located along the sides of the vehicles between the front and rear wheel openings. Rocker panel adds rigidity to the vehicle and creates a connection. It also saves the bottom of the vehicle from sagging in the middle, and its high strength resists deformation in case of an accident.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The demand for Vehicle Rocker Panel is increasing with each passing day. The businesses in this industry facing major competition with leading players of the market that includes Nor/Am Auto Body Parts, Putco, Rugged Ridge, SMP Deutschland GmbH and others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market leading players are investing heavily in growth strategies such as technological development, resource utilization to enhance their market position. The market leaders demonstrate a market-defining vision of how vehicle rocker panel can help top-line business executives achieve their business objectives. Leaders have the ability to execute against that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings. Analysts at AMA Research estimates that Vendors from United States will contribute to the maximum growth of Global Vehicle Rocker Panel market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Nor/Am Auto Body Parts (United States), Putco (Canada), Rugged Ridge (United States), SMP Deutschland GmbH (Germany), QMI sharp (United States), Smittybilt (United States) and Auto Metal Direct (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are C2C Fabrication (United States) and Innovative Creations (India).
Segmentation Overview
AMA Research has segmented the market of Global Vehicle Rocker Panel market by , Application (Passenger Vehicle and Commercial Vehicle) and Region.
On the basis of geography, the market of Vehicle Rocker Panel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vehicle Type, the sub-segment i.e. Light Duty Vehicles will boost the Vehicle Rocker Panel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Aftermarket will boost the Vehicle Rocker Panel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Stainless Steel will boost the Vehicle Rocker Panel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Components , the sub-segment i.e. Dog Legs will boost the Vehicle Rocker Panel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Automotive Industry, Especially in Developing and Emerging Countries Across the Globe
- Replacement of Damaged and Eroded Rocker Panels with New and Corrosion-Resistant Materials
- Increasing Demand for Trucks in the Transportation Sector
Opportunities
- Growing Opportunities in Emerging Economies
Restraints
- Operational Life of Rocker Panels
Challenges
- Increasing Competition In the Automotive Sector With the Entry of New Players
Key Target Audience
Raw Material Suppliers, Distributors/Traders/Wholesalers/Suppliers, Regulatory Bodies, Including Government Agencies And NGOs, Commercial Research & Develpment (R&D) Institutions, Importers and Exporters, Government Organizations, Research Organizations, And Consulting Firms, Trade Associations And Industry Bodies and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.