Press release
Truck Bedliners Market- Overview, Opportunities And Challenges Forecast To 2028
According to our latest market study on "Truck Bedliners Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type and Material," the truck bedliners market is projected to grow from US$ 500.95 million in 2022 to US$ 641.40 million by 2028; it is estimated to grow at a CAGR of 4.2% from 2022 to 2028.To achieve optimum thermal, vibration, and weight balance in trucks and reduce their weight, bedliner manufacturers are focusing on developing lightweight and eco-friendly materials. Rubber was the preferred material for bedliners, but its use has been banned by environmental agencies. Organic materials were then introduced, but non-asbestos organic bedliners wear out quickly and generate a lot of debris. To overcome this, a combination of semi-metallic formulation for high performance and non-asbestos organic (NAO) material for lower noise and smooth transition is mostly preferred.
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The List of Companies -
1. SPEEDLINER
2. Rhino Linings Corporation
3. Line X LLC
4. TOFF
5. Ultimate Linings
6. DualLiner Truck Bed Liners
7. American Bedliners Custom Truck Shop
8. Truck Hero, Inc.
9. CHAMALEON GMBH
10. Henan Huayu Auto Accessories Manufacturing Co., Ltd
Based on the truck bedliners market report, the truck bedliners market is segmented into type, material, and geography. Based on type, the truck bedliners market is segmented into drop-in bedliners, spray-on bedliners, and others. In terms of material, the truck bedliners market is segmented into polyurethane, aluminum carpet, and others. Based on geography, the truck bedliners 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).
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The US is the largest market for truck bedliners in North America, with approximately 542,000 trucks produced in the region in 2020, according to BTS. The truck industry plays a crucial role in the North American economy. However, production has slowed down in recent years due to rising costs and disruptions caused by the COVID-19 pandemic. Despite this, the US accounted for the largest share of the truck bedliners market in 2021, with over 288,000 trucks produced, while Mexico and Canada produced only around 178,900 trucks combined. The free trade agreement between these countries has increased the flow of goods and capital in the truck industry's supply chain, which is critical for its growth. The new United States-Mexico-Canada Agreement, which was signed in October 2018, outlines the rules of origin for trucks, requiring 75% of the finished truck's value to come from within the regulated region. As a result, the growing production of trucks in North America is expected to drive the growth of the truck bedliners market during the forecast period.
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