Market Overview

The Vietnam automotive rocker panel market size reached USD 231.20 Million in 2024 and is projected to grow to USD 314.83 Million by 2033, exhibiting a CAGR of 3.49% during 2025-2033. This growth is fueled by rapid expansion in the electric vehicle sector with government incentives, increasing local manufacturing by Chinese automotive firms, and the growth of domestic automotive production. The market also benefits from rising localization of automotive components and new manufacturing facilities by international brands, expanding its market share.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Vietnam Automotive Rocker Panel Market Key Takeaways

• The market size reached USD 231.20 Million in 2024 and is expected to grow to USD 314.83 Million by 2033.
• The market is forecasted to grow at a CAGR of 3.49% during 2025-2033.
• The forecast period spans from 2025 to 2033.
• Electric vehicle integration is a key driver, with VinFast achieving 87,000 domestic sales in 2024, a 150% increase from 2023.
• Government support includes 0% registration tax for battery electric vehicles until 2026 and investment in EV infrastructure.
• A significant influx of Chinese automotive manufacturers such as BYD, GAC, Aion, Omoda, and Jaecoo is reshaping the market.
• Geely Auto Group’s joint venture with Tasco in Thai Binh province plans to produce 75,000 vehicles annually with a USD 168 Million investment.

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Market Growth Factors

The EV market is the main driver for Vietnam's automotive rocker panel market. VinFast sold 87,000 EVs in Vietnam during 2024. It is a 150% increase versus 2023. Government incentivizes through 0% registration taxes for battery electric vehicles until 2026, reduces import duties, and increases investments into EV-related infrastructure, driving demand for lightweight, corrosion-resistant EV rocker panels impacting innovation across the automotive supply chain.

With the increasing number of Chinese car makers such as BYD, GAC, Aion and Omoda, and Jaecoo starting to import new vehicles to Vietnam and will start local assembly and manufacturing, domestic car production will be developed and more parts will be localized. This will create opportunities for domestic rocker panel producers to participate in the original equipment sector and the aftermarket.

Geely Auto Group also established a joint venture with Tasco, investing USD 168 Million in establishing a vehicle assembly plant in Thai Binh, Vietnam. The 75,000 units/yr vehicle assembly plant is a part of Geely's effort to increase production capacity to keep pace with market demand. Being locally sourced also benefits the manufacturers to reduce the cost and comply with the requirements in the Vietnam automotive rocker panel market.

Market Segmentation

• Type Insights:
• Lower Quarter Panels
• Door Rocker Panels

These types distinguish the market by rocker panel location and function, catering to varying automotive design requirements.

• Vehicle Type Insights:
• Light Duty Vehicles
• Medium Duty Vehicles
• Heavy Duty Vehicles

Market segmentation by vehicle type covers different vehicle classes, addressing diverse industry demands and production scales.

• Sales Channel Insights:
• Aftermarket
• Original Equipment Manufacturers (OEMs)

These channels represent how rocker panels reach customers, through new car manufacturing or replacement parts.

• Material Insights:
• Stainless Steel
• Fiber
• Rubber

Different materials offer varying durability, weight, and corrosion resistance profiles suitable for diverse automotive applications.

Regional Insights

The Vietnam automotive rocker panel market is segmented regionally into Northern Vietnam, Central Vietnam, and Southern Vietnam. Although specific dominant regional statistics are not provided, these three regions collectively encompass the market dynamics and production activities, reflecting the geographical spread of automotive manufacturing and sales across Vietnam.

Recent Developments & News

In December 2024, VinFast announced the establishment of a new completely knocked down (CKD) factory in Ha Tinh province focused on producing VF3 and VF5 models and their components. This facility is designed for an annual capacity of 300,000 EVs and is expected to start operations in July 2025, serving domestic and export markets.

In March 2025, Thanh Cong Group launched Vietnam’s first Skoda automobile manufacturing plant in Quang Ninh province, in partnership with Skoda Auto. The plant has a designed production capacity of 120,000 vehicles per year and adheres to Volkswagen’s technology and quality standards, marking the first Skoda manufacturing presence in the ASEAN region.

Key Players

• VinFast
• BYD
• GAC
• Aion
• Omoda
• Jaecoo
• Geely Auto Group
• Tasco
• Thanh Cong Group
• Skoda Auto

Customization Note

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