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Tonneau Covers Market is projected to reach USD 65.34 Billion in 2029 at a CAGR of 8.43% : Cognitive Market Research

01-30-2023 03:59 PM CET | Logistics & Transport

Press release from: Cognitive Market Research

Tonneau Covers Market is projected to reach USD 65.34 Billion in 2029 at a CAGR of 8.43% : Cognitive Market Research

Tonneau Covers Market is projected to reach USD 65.34 Billion in 2029 at a CAGR of 8.43% : Cognitive Market Research

As per Cognitive Market Research analysis, the tonneau covers market size is projected to grow from USD 32.45 Bn in the year 2021 to USD 65.34 Bn by 2029 at a CAGR of 8.4% from 2022-2029.
Tonneau covers are used to protect and conceal items in the non-passenger area of a pickup truck and other carriage vehicles. Tonneau covers may be hard, soft, folded, or rolled in nature. The underlying frame of a hard tonneau covers are mostly made of aluminium, fiberglass reinforced polymer (FRP) and vinyl in terms of materials. Majority of hard tonneau covers are used in pickup trucks. Tonneau covers are purchased by automotive OEMs and installed in pickup truck which is known as OEM (original equipment market) market. When tonneau covers are replaced after purchase of a pickup truck, it is known as aftermarkets. Rising demand for pickup and luxury pickup trucks are anticipated to increase the demand for tonneau covers. Consumers use pickup trucks both for personal and official purposes. Tonneau covers help to protect and conceal items in the non-passenger area of pickup trucks. This is further anticipated to increase the demand for tonneau covers in pickup trucks. Rising demand for light commercial vehicles across the world is anticipated to increase the demand for pickup trucks and subsequently demand for hard tonneau covers as well. Rise in average age of vehicles is anticipated to increase the cost of maintenance of pickup trucks which will subsequently increase the demand for hard tonneau covers.

Read Full Report with Table of Contents :
@-https://www.cognitivemarketresearch.com/tonneau-covers-market-report

Regional Analysis of Tonneau Covers Market:
• North America is a major market for tonneau covers, with the U.S being a significant market as it is the second largest automotive market in the world. Canada and Mexico are other major markets in this region. Europe is a prominent market for tonneau covers. Germany being the largest automotive market in Europe is a significant market for tonneau covers. The U.K, France, Italy, Spain, Belgium and Netherlands are the other major markets in the region.

Top players involved in the Tonneau Covers market:
• Truck Hero
• Bestop
• Roll-N-Lock
• SnugTop
• Lund
• Rugged Liner
• Agri-Cover
• DiamondBack
• Truck Covers USA
• Access Cover
• TruXmart
• Gator Cover
• Others

Segment Analysis:
• Based on type, the market is segmented into hard tonneau covers and soft tonneau covers. Hard tonneau covers are dominating the market, due to it used to protect and secure the cargo especially in raining and snowfall.
- Hard Tonneau Covers
- Soft Tonneau Covers

• Based on application, the market is segmented into the OEM and Aftermarket. The OEM invests largely in production and installation of hard tonneau covers due to their rapidly increasing demand from the global hard tonneau cover market.
- OEM
- Aftermarket.

Related Report:
• Truck Tonneau Covers Market - https://www.cognitivemarketresearch.com/truck-tonneau-covers-market-report
• Pickup Tonneau Covers Market - https://www.cognitivemarketresearch.com/pickup-tonneau-covers-market-report

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us

About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.

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