NEW YORK, March 19, 2024 /PRNewswire/ — The global truck bedliners market size is estimated to grow by USD 1.24 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 7.31% during the forecast period. The increase in pickup truck sales stands as a pivotal driver propelling market expansion in the forecast period. With heightened sales and a substantial fleet presence, market players are poised for growth. Notably, the US leads the global pickup truck market, with March 2021 witnessing light truck sales surpassing 1.2 million units despite the pandemic’s challenges. Furthermore, burgeoning demand stems from an increasing desire among owners to safeguard their trucks against damages like dents, scratches, and rust. This trend underscores the significance of protective measures for valuable assets, thereby bolstering global market growth projections.
Technavio has announced its latest market research report titled Global Truck Bedliners Market 2023-2027
For more insights on the historic (2017 to 2021) and forecast market size (2023 to 2027) – Request a free sample report
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Report Coverage |
Details |
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Page number |
156 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.31% |
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Market growth 2023-2027 |
USD 1,245.1 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
6.96 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 45% |
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Key countries |
US, Canada, China, Japan, and France |
Technavio has segmented the market based on type, Type (Drop-in and Spray-on), Distribution Channel (Offline and Online), and Geography (North America, Europe, APAC, South America, and Middle East and Africa).
The drop-in segment is estimated to witness significant growth during the forecast period. The drop-in bedliners are a great value for money purchase that meet the customer requirements in terms of installation cost, quality, and durability. This is particularly beneficial for first-time buyers. The price of the drop-in truck bedliners varies according to the truck make and brand, as well as the size of the truck bed surface.
Geography Overview
By geography, the global truck bedliners market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global truck bedliners market.
North America is estimated to contribute 45% to the growth of the global market during the forecast period. Utility vehicles, including pickup trucks, sport utility vehicles (SUVs), and crossovers, are the most popular type of vehicle sold in North America. The United States and Canada are two of the biggest markets for truck bedliners, as they have a high demand for light trucks, particularly pickup trucks. This increased preference for light trucks leads to a greater demand for truck accessories such as bedliners.
Insights on the market contribution of various segments including country and region wise, historic (2017 to 2021) and forecast market size (2023 to 2027) – Download a Free Sample Report
Growing sales of pickup trucks is the key factor driving the growth of the market.
The truck market potential is improved by the increase in truck sales and the presence of a large fleet. The US is currently the leader in the pickup truck market worldwide. Despite the pandemic, US light truck sales exceeded 1.2 million units in March 2021. Due to the growing popularity of pickup trucks, the demand for truck bedliners has increased significantly across the globe..
The growing use of pure polyurea in spray-on bedliners is the primary trend in the market.
Fluctuating costs and availability of raw materials used in bedliners limit the growth of the market.
Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021) and forecast period(2023 to 2027)- Request a free sample report!
Analyst Review
The automotive industry, particularly in the production of medium and heavy-duty trucks, has witnessed significant developments in recent years, especially in regions like Asia Pacific. With rising disposable income and an increasing urban population, there’s a heightened emphasis on comfort and safety, driving the demand for luxury and the adoption of advanced technologies in vehicles.
Within this landscape, the truck bedliners market emerges as a critical sector, ensuring the protection and durability of truck beds. As a market research and competitive intelligence provider, Future Market Insights underscores the pivotal role of truck bedliners in maintaining product quality and market share amidst changing market dynamics.
Truck bedliners offer a multi-purpose application, featuring an antiskid layer that ensures customizable design and prevents exterior coating damage. Their implementation capabilities cater to diverse needs across end-user industries, particularly in medical equipment transportation, where product quality and safety are paramount.
One notable trend in the truck bedliners market is the shift towards user-friendly solutions, encouraging a do-it-yourself (DIY) method. However, challenges such as a lack of knowledge among consumers may hinder immediate investment. Additionally, the nature of some products, prone to peel off, poses a risk, potentially hampering market growth.
Safety regulations within the transportation and logistics industry further underscore the importance of reliable bedliner solutions. Manufacturers, especially truck bed suppliers, are striving to meet the demands of the urban population, prioritizing comfort, safety, and the integration of advanced technologies.
Globally, the demand for truck bedliners is particularly prominent in North America and Europe, where spray-on bedliners have gained traction among pickup truck owners. Market players offer various options, including drop-in bedliners and polyurea coatings, catering to diverse preferences and pickup truck sales trends.
In conclusion, the truck bedliners market presents lucrative opportunities amidst the evolving automotive landscape. With an emphasis on product quality, customization, and user-friendly solutions, industry stakeholders are poised to capitalize on the demand for durable and protective bedliner solutions globally.
Market Overview
The Truck Bedliners Market in the Asia Pacific region presents lucrative opportunities amidst rising disposable incomes and an increasing urban population. With the automotive industry focusing on the production of medium and heavy-duty trucks, truck bed suppliers are at the forefront of developments. One notable trend is the emphasis on comfort and safety, driving demand for innovations like nonslip surfaces in truck beds. As consumers prioritize functionality and durability, manufacturers are adapting to meet these demands. The market’s growth trajectory aligns with the region’s economic expansion, creating a fertile ground for businesses to thrive. In this dynamic landscape, companies are poised to capitalize on emerging trends and technological advancements to cater to evolving consumer needs.
Table of contest
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
