The global truck bedliner market size is expected to reach US$ 641.40 million by 2028, registering a CAGR of 4.2% from 2022 to 2028, according to a new research study conducted by The Insight Partners.
Growing Emphasis on Cargo Protection by End Users Boosts Demand for Truck Bedliners
End users of utility vehicles demand luxurious, comfortable, and safe vehicles. Therefore, commercial vehicle manufacturers have developed powertrains to meet the needs of consumers. The truck bedliners provide traction to the truck bed, helping securely hold the cargo and preventing it from being damaged. They also provide long-lasting protection against rust and weathering. As a result, companies are working on making bedliners mandatory accessories during the sales of trucks. For instance, in January 2021, LINE-X—a manufacturer of high-performance protective coatings and automotive accessories—launched a program with International Truck, the commercial truck brand of Navistar International Corporation. The program allows International Truck Dealers to use LINE-X's protective coatings to enhance protection and extend the life of their prestigious truck models, giving drivers superior protection and longer-lasting trucks on the road. It will be available on the MV & HV series. As the truck market continues to improve in terms of quality and comfort, the demand for truck bedliners is propelling, resulting in Truck Bedliner Market growth.
Based on the truck bedliner market report, the market is segmented into type, material, and geography. Based on type, the market is segmented into drop-in bedliners, spray-on bedliners, and others. In terms of material, the truck bedliner market is segmented into polyurethane, aluminum carpet, and others. Based on geography, the truck bedliner market is segmented into North America (the US, Canada, and Mexico), Europe (Germany, France, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, India, Japan, South Korea, and the Rest of APAC), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of MEA), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).
Truck Bedliner Market – by Type Segment, 2021 and 2028 (%)
Truck Bedliners Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Drop-In bedliners, Spray-On bedliners, and Others), Material (Polyurethane, Aluminium Carpet, and Others), and Geography
Truck Bedliner Market SWOT and PEST Analysis 2031
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Source: The Insight Partners Analysis
The truck industry makes a significant contribution to the economy of the European Union (EU). The automotive sector employs more than 6% of EU workers, and the sector's turnover accounts for over 7% of the EU’s GDP. Simultaneously, the truck industry has received the most significant private investment in research and development (R&D) over the past lustrum. However, the industry is at a fork in the road, with multiple developments reshaping the landscape. Moreover, according to the predictions by LMC Automotive experts, the sale of light trucks in Europe is expected to reduce by 2 million units per year from 2022 to 2024 due to the impact of the deteriorating Russia-Ukraine war on the truck sector. The Russian light truck production is expected to shrink by approximately one million units per year in the following years, with "even that position having some downside risk" for comparison, the Russian light truck market grew by 4.3% to 1.67 million in 2021. As Russian armed forces attempt to push forward, LMC predicts that Ukraine trucks sales will slow down in the near future. As a result, the war's influence on the demand for trucks will impact the growth of the Europe truck bedliners market.
Impact of COVID-19 Pandemic on Truck Bedliner Market Growth
Governments of various North American countries-imposed lockdowns due to the rise in the number of COVID-19 cases in 2020. Most manufacturing plants were shut down, operations in municipalities were slowed down, and the operations of the automotive industry were temporarily discontinued; all these factors adversely affected the North America truck bedliners market. North America accounts for a major share of global truck bedliner sales; however, after the onset of the COVID-19 pandemic in 2020, the sales of truck bedliners in the region declined. However, the impacts of the pandemic have not affected the sales performance of the automotive industry, which is mainly attributed to the continuous promotion of electric trucks and government initiatives in various countries in the region. Moreover, the automotive sector started gradually recovering with the resumption of operations at manufacturing units despite the COVID-19 pandemic as major companies developed new business frameworks to cope with the pandemic.
American Bedliners Custom Truck Shop; CHAMÄLEON GMBH; DualLiner Truck Bed Liners; Henan Huayu Auto Accessories Manufacturing Co. Ltd; Line X LLC; Rhino Linings Corporation; SPEEDLINER; TOFF; Truck Hero, Inc,s and Ultimate Linings are among the leading players operating in the truck bedliners market.
The Truck Bedliner Market report provides detailed Truck Bedliner Market analysis to help key players strategize the truck bedliners industry growth in the coming years. It also forecasts the upcoming trends and developments in the truck bedliners market.
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