This market research reports offers growth projections and market shares for the key end-user segments of the global rocker panel market, including OEMs and aftermarket. The research report segments the market on the basis of LCVs, passenger cars, and HCVs. Market shares for APAC, Americas and EMEA are included in this report. In-depth analysis of the leading players, including Willmore, QMI sharp, B&I, Nor/Am, and Smittybilt is also provided in the report.
Technavio’s market research analysts estimate the global automotive rocker panel market to grow at a CAGR of around 6% between 2015 and 2019. Growing demand for passenger cars and LCVs in the global automotive market is fuelling the demand for rocker panels. APAC dominates the global market for automotive rocker panels, accounting for around 52% of the total market share. India, China, South Korea and Mexico are the major revenue contributing countries in this 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.
The new market research report from Technavio provides a breakdown and analysis of the rocker panels segments by technology.
“Owing to the rise in manufacturing costs, several existing rocker panel manufacturers in Europe and the US are shifting their operations to APAC countries to avail labor and raw materials at reduced expenses. Besides, cheap manpower, APAC provides vast natural resources and reserves to the OEMS. China has become the most sorted out destination for multinational OEMs in manufacturing automobile components. Mexico has also become a favorable location to the rocker panel manufacturers where the free trade agreement in the country enables export at a relatively low cost,” Sriram Mohan, Lead Analyst, Automotive, Technavio Research.
Increasing use of polymers in automotive component manufacturing has gained momentum in this market. Polyamides are lightweight and low-cost materials, which have gained popularity in automobile manufacturing as they reduce the fuel expenses. Polybutylene terephthalate and modified polycarbonate are used extensively in the production of nylon rocker panels. Polymer-based rocker panels eliminates the possibilities of corrosion in vehicles, providing greater longevity of the car.
The leading vendors in the global automotive rocker panel market include Willmore, QMI sharp, B&I, Nor/Am, and Smittybilt. The market is a concentrated market with certain prominent vendors constituting about 92% of the market, who compete mainly on the basis of pricing. The luxury segment will emerge as an attractive opportunity for rocker panel manufacturers during the forecast period.
A more detailed analysis is available in the Technavio report, Global Automotive Rocker Panel Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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