$4550
$2730
The Truck Bedliner Market size is valued US$ 500.95 million in 2022; it is estimated to grow at a CAGR of 4.2% from 2022 to 2028.
Truck bedliners protect the interior of a truck bed and provide a nonslip surface. The demand for truck covers is increasing in the automotive industry due to the surge in the production of medium and heavy-duty trucks. In particular, Asia Pacific, the Middle East, and Latin America remain important target markets for truck bed suppliers. Furthermore, rising disposable income and increasing urban population drive the global truck bedliners market. Also, the increasing concerns about comfort and safety, rising demand for luxury, and adoption of advanced technologies in the automotive industry are fueling the market growth.
In addition, one of the major factors bolstering the growth of the global truck bedliner market is the increasing prevalence of sprayers. Although truck bed pallets are more expensive than their pedestrian counterparts, they are more popular because of their high-performance parameters. Sprayed clothing is made of aliphatic compounds that do not fade easily. Also, spray bedliners are reliable and durable, so they can be used to cover additional parts of the bumper or rear panorama. The bedliners can also improve the vehicle's visual appeal, which improves its resale value. The custom designs and usability of spray bedliners make them an ideal choice for truck enthusiasts.
Truck bedliners are also used as a protective cover for the entire exterior of trucks. The complete exterior cover provides advanced protection while driving on rough roads. Many consumers cover their pickup trucks with bed panels because it improves their truck's appearance and provides armored protection and a unique design for the vehicle.
The truck bedliner market is highly fragmented, and vendors use growth strategies, including product portfolios, innovation, and strategic partnerships, to compete in the market. To develop business and recover from the COVID-19 pandemic impact, market vendors focus on fast-growing segments and maintain their positions in slow-growing segments.
Based on the market report, the truck bedliner industry 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 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).
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Published Report - Truck Bedliner Market: Strategic Insights
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Published Report - Truck Bedliner Market: Strategic Insights
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Impact of COVID-19 Pandemic on Truck Bedliner Market Growth
The COVID-19 pandemic negatively impacted the global truck bedliners market. Passenger vehicle and LCV manufacturers faced immediate consequences of the outbreak, which will continue in the long term. Lockdown restrictions to curb the spread of SARS-CoV-2 significantly impacted supply chains of raw materials, such as fabric, cushions availability, electronic components, and production facilities. However, as the lockdown restriction eased down from Q1 in 2021, the market gained momentum due to the rising demand for vehicles. Thus, the market is projected to witness growth during the forecast period.
In 2020, restrictions on the manufacturing industry and the proclaimed lockdowns hampered the business of vendors operating in the truck bedliners market. Due to the subsequent recession, most truck bedliners were experiencing various challenges, such as the shutdown of factories and labor shortages. However, in 2021, as per the focus2move survey, approximately 3 million trucks were sold annually, and the number is expected to grow by 25–27% in 2022. Hence, the rise in truck sales is expected to promote the growth of truck bedliners over the forecast period.
Market Insights – Truck Bedliner Market
Rising Truck Sales
According to the report by Knoema, total commercial automotive sales worldwide were ~25.8 million units in 2021. Furthermore, the increasing popularity of online retail platforms is fueling the demand for utility trucks in the e-commerce sector for last-mile deliveries. Furthermore, China, India, Indonesia, and other countries in Asia Pacific are creating a high demand for medium and heavy-weight trucks, owing to the growing construction industry. According to the statement by Truckinfo, in 2022, medium and heavy commercial vehicle (MHCV) sales in India are expected to grow by 37 to 42% compared to 2021 due to strong demand from infrastructure sectors, such as construction, transportation mining, steel, and cement. In 2020, China sold 1.6194 million heavy vehicles, 159,000 medium vehicles, 2.1978 million light vehicles, and 708,400 small vehicles. Rapid population growth, urbanization, industrial expansion, and infrastructure development are also increasing the demand for pickup trucks. Hence, the growing truck sales worldwide are creating the need for truck accessories, such as bedliners.
Type-Based Market Insights
Based on type, the truck bedliner market can be categorized into drop-in bedliners, spray-on bedliners, and others. The drop-in bedliners segment dominated the truck bedliner market on account of its high durability and high operational performance. The spray-on bedliners segment is anticipated to grow at a significant CAGR by 2028. Several industry players are offering a comprehensive range of highly reliable spray bedliners, which is anticipated to significantly fuel the spray-on bedliners segment growth.
Truck Bedliner Market Report Scope
Material-Based Market Insights
The material segment is divided into polyurethanes, aluminum carpet, and others. The Polyurethane segment is anticipated to grow at a significant CAGR because of its beneficial properties such as water resistance, lightness, and flexibility. The demand for welded and precision-machined aluminum bedliners is also growing at a significant pace, which is anticipated to bolster the growth of the truck bedliners market.
Players operating in the Truck Bedliner Market are mainly focused on developing advanced and efficient products.
- In May 2022, Ultimate Linings, LLC announced that the company had planned to relocate its chemical manufacturing facility from Bedford, Texas, to Lebanon. Ultimate Linings will invest US$ 31 million and create 50 jobs.
- In Janurary 2021, TCI Products—a manufacturer of auto refinish coatings—announced the release of its newest product, "Shield Bedliner," a 2k urethane-based bedliner and coating solution.
Company Profiled:
- 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
- Ultimate Linings
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The main driving factors are
1. Rising Truck Sales in the Asia Pacific
2. Growing Emphasis on Cargo Protection by End Users
The global truck bedliners market was estimated to be USD 491.13 Mn million in 2021 and is expected to grow at a CAGR of 4.2 %, during the forecast period 2022 - 2028.
The key players, holding majority shares, in truck bedliners market includes SPEEDLINER, DUALLINER TRUCK BED LINERS, RHINO LININGS CORPORATION, TOFF, LINE X LLC.
Growing Adoption of Electric Vehicles.
APAC is anticipated to grow with the highest CAGR over the forecast period.
The US held the largest market share in 2021, followed by China.
The country anticipated to grow with the highest CAGR are US, Germany, China, UAE, and Brazil.
The spray-on bedliners segment led the truck bedliners market with a significant share in 2021, and it is also expected to grow with the highest CAGR.
The truck bedliners market is expected to reach US$ 641.40 Mn by 2028.
The incremental growth, expected to be recorded for the truck bedliners market during the forecast period, is US$ 140.05 million.
The List of Companies - Truck Bedliners Market
- SPEEDLINER
- Rhino Linings Corporation
- Line X LLC
- TOFF
- Ultimate Linings
- DualLiner Truck Bed Liners
- American Bedliners Custom Truck Shop
- Truck Hero, Inc.
- CHAMÄLEON GMBH
- Henan Huayu Auto Accessories Manufacturing Co., Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Published Report - Truck Bedliner Market
Sep 2022
Electric Vehicle Heat Pump Systems Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Propulsion Type (BEV, HEV, PHEV), Component (Evaporator, Condenser, Compressors, Others), Vehicle Type (Passenger Vehicle, Commercial Vehicle), and Geography
Sep 2022
Hydrogen Fuel Cell Train Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cell, and Others), Component (Hydrogen Fuel Cell Pack, Batteries, Electric Traction Motors, and Others), Rail Type (Passenger Rail, Commuter Rail, Light Rail, Trams, Freight, and Others) and Geography
Sep 2022
Automotive Seat Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (Heated, Heated-Ventilated, Ventilated, With Massage Functions, and Others), Adjustment Type (Electrically Adjusted and Manual), Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, and Heavy Commercial Vehicle), and Seat Type (Front Row, Second Row, and Third Row) and Geography
Sep 2022
Connected Vehicle Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis By Technology (5G, 4G/LTE, 3G & 2G), Connectivity (Integrated, Tethered, Embedded), Application (Telematics, Infotainment, Driving assistance, Others) and Geography
Sep 2022
Automotive High Voltage Cable Market
Forecast to 2030 - Global Analysis by Vehicle Type [Battery Electric Vehicles (BEV), Plugin Hybrid Electric Vehicles (PHEV), and Plugin Hybrid Vehicles (PHV)], Conductor Type (Copper and Aluminum), and Core Type (Multi Core and Single Core)
Sep 2022
40-Ft Electric Boat Market
Forecast to 2030 - Global Analysis by Propulsion (Pure Electric, Hybrid, and Sail Electric), Battery Type (Nickel-Based, Lead-Acid, and Lithium-Ion), Application (Fishing, Recreational, and Others), Voltage Architecture (12 V, 24 V, and 48 V), and Boat Type (Trawlers, Catamarans, Yachts, Power Cruisers, and Others)