
Published On: Dec 2022
Published On: Dec 2022
At 2.4% CAGR, the Europe Truck Bedliners Market is projected to be worth US$ 59.01 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe truck bedliners market was valued at US$ 51.27 million in 2022 and is expected to reach US$ 59.01 million by 2028, registering a CAGR growth rate of 2.4% from 2022 to 2028. Increasing emphasis on cargo protection by end users is the critical factor attribute to market growth.
To reduce the weight of the trucks, it is necessary to achieve a good balance design for optimum thermal, vibration, and weight balance. Rubber was the most suitable and widely used bedliners material. However, nature and environment agencies have forcefully banned it. Therefore, the bedliners made of organic materials were introduced and used widely. However, non-asbestos organic bed liners wear out rapidly and generate lots of wear debris. Thus, a combination of semi-metallic formulation for high performance and non-asbestos organic (NAO) material for lower noise and smooth transition is mostly preferred. A low metal formulation based on metal fibers has higher performance and is used in European countries. Less-abrasive NAO formulation friction materials are mostly preferred in the Eastern Europe. Zeolites, banana peels, periwinkle shells, and coconut fragments are mostly used in friction materials to reduce pollution by vehicles. Hence, the growing transition toward the use of eco-friendly materials is anticipated to drive the market growth in the coming years. This is expected to drive the market during the forecast period.
On the contrary, concerns about installation of bedliners hurdles the growth of Europe truck bedliners market.
Key players dominating the Europe truck bedliners market are Speedliner; Rhino Linings Corporation; Ultimate Linings; Chamäleon GmbH; and Truck Hero, Inc. among others.
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