North America Automotive Rocker Panel Market Size, Share & Trends Analysis Report By Sales Channel (OEM and Aftermarket), By Product Type (Steel, Plastic and Rubber), By Vehicle Type (Passenger Car and Commercial Vehicle), By Country and Growth Forecast,
North America Automotive Rocker Panel Market Size, Share & Trends Analysis Report By Sales Channel (OEM and Aftermarket), By Product Type (Steel, Plastic and Rubber), By Vehicle Type (Passenger Car and Commercial Vehicle), By Country and Growth Forecast, 2024 - 2031
The North America Automotive Rocker Panel Market would witness market growth of 4.7% CAGR during the forecast period (2024-2031).
The US market dominated the North America Automotive Rocker Panel Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $10,758.1 Million by 2031. The Canada market is experiencing a CAGR of 7% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 6.1% during (2024 - 2031).
The automotive industry has seen a substantial transformation towards vehicle customisation and personalisation in response to consumer demands for unique and customised vehicles. This trend has increased demand for aftermarket parts and accessories, including rocker panels, that offer unique designs, finishes, and features.
There is an increasing demand among consumers for their vehicles to be distinctive and indicative of their individuality and way of life. This has led to a growing demand for aftermarket rocker panels that offer various designs, colours, and finishes to cater to individual preferences. Platforms like Instagram, Facebook, and automotive forums have created a space for enthusiasts to showcase their customised vehicles and share ideas and inspiration. This has fueled a desire among consumers to personalise their vehicles and seek out unique aftermarket parts, including rocker panels, to achieve the desired look.
In addition, from 2021 to 2022, the total number of road automobiles registered in Canada grew by 0.3%, reaching 26.3 million, according to Statistics Canada. In 2022, light-duty vehicles comprised 91.7% of the total number of registrations, while multi-purpose vehicles surpassed passenger cars as Canada's most prevalent vehicle category for the first time. The percentage of light-duty vehicle registrations occupied by electric vehicles increased from 2.3% in 2021 to 3.0% in 2022. The shift towards multi-purpose vehicles surpassing passenger cars as the most prevalent vehicle category further emphasises the need for rocker panels catering to various vehicle types. Therefore, the aforementioned factors contribute to the rising demand for automotive rocker panels.
Based on Sales Channel, the market is segmented into OEM and Aftermarket. Based on Product Type, the market is segmented into Steel, Plastic and Rubber. Based on Vehicle Type, the market is segmented into Passenger Car and Commercial Vehicle. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
Smittybilt Inc.
B&I Trim Products, Inc. (TACNA Services, Inc.)
Auto Metal Direct, LLC
Nor/Am Auto Body Parts
Classic 2 Current Fabrication
Putco Inc.
EGR Automotive (EGR Group)
Westin Automotive Products, Inc. (Wedgestone Corporation)
Omix-ADA, Inc. (RealTruck Group, Inc.)
North America Automotive Rocker Panel Market Report Segmentation
By Sales Channel
OEM
Aftermarket
By Product Type
Steel
Plastic
Rubber
By Vehicle Type
Passenger Car
Commercial Vehicle
By Country
US
Canada
Mexico
Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Automotive Rocker Panel Market, by Sales Channel
1.4.2 North America Automotive Rocker Panel Market, by Product Type
1.4.3 North America Automotive Rocker Panel Market, by Vehicle Type
1.4.4 North America Automotive Rocker Panel Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. North America Automotive Rocker Panel Market by Sales Channel
4.1 North America OEM Market by Region
4.2 North America Aftermarket Market by Region
Chapter 5. North America Automotive Rocker Panel Market by Product Type
5.1 North America Steel Market by Country
5.2 North America Plastic Market by Country
5.3 North America Rubber Market by Country
Chapter 6. North America Automotive Rocker Panel Market by Vehicle Type
6.1 North America Passenger Car Market by Country
6.2 North America Commercial Vehicle Market by Country
Chapter 7. North America Automotive Rocker Panel Market by Country
7.1 US Automotive Rocker Panel Market
7.1.1 US Automotive Rocker Panel Market by Sales Channel
7.1.2 US Automotive Rocker Panel Market by Product Type
7.1.3 US Automotive Rocker Panel Market by Vehicle Type
7.2 Canada Automotive Rocker Panel Market
7.2.1 Canada Automotive Rocker Panel Market by Sales Channel
7.2.2 Canada Automotive Rocker Panel Market by Product Type
7.2.3 Canada Automotive Rocker Panel Market by Vehicle Type
7.3 Mexico Automotive Rocker Panel Market
7.3.1 Mexico Automotive Rocker Panel Market by Sales Channel
7.3.2 Mexico Automotive Rocker Panel Market by Product Type
7.3.3 Mexico Automotive Rocker Panel Market by Vehicle Type
7.4 Rest of North America Automotive Rocker Panel Market
7.4.1 Rest of North America Automotive Rocker Panel Market by Sales Channel
7.4.2 Rest of North America Automotive Rocker Panel Market by Product Type
7.4.3 Rest of North America Automotive Rocker Panel Market by Vehicle Type
Chapter 8. Company Profiles
8.1 Smittybilt Inc.
8.1.1 Company Overview
8.2 B&I Trim Products, Inc. (TACNA Services, Inc.)
8.2.1 Company Overview
8.3 Auto Metal Direct, LLC
8.3.1 Company Overview
8.3.2 SWOT Analysis
8.4 Nor/Am Auto Body Parts
8.4.1 Company Overview
8.4.2 SWOT Analysis
8.5 Classic 2 Current Fabrication
8.5.1 Company Overview
8.6 Putco Inc.
8.6.1 Company Overview
8.7 EGR Automotive (EGR Group)
8.7.1 Company Overview
8.7.2 SWOT Analysis
8.8 Westin Automotive Products, Inc. (Wedgestone Corporation)