Increasing Technological Advancements for Lightweight and Environment-Friendly Bedliners
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. 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. Furthermore, the mandate by California and Washington in 2010 passed laws for reducing the amount of copper used in bedliners to keep the river and lake waters free of copper. Studies conducted in California and Washington show that copper levels are extremely high in river and lake waters due to dust released from bedliners washed into the water system. As per the National Sanitation Foundation (NSF), a friction material registrar authorized by the Bedliners Manufacturers Council (BMC), has set levels that are meant to be an easy, at-a-glance way to show the amount of copper in the pad. For instance, Level B shows copper levels must be less than 5% by weight, and level N shows copper levels must be less than 0.5% by weight. Thus, bedliners manufacturers focus on introducing lightweight environment-friendly bedliners, which is expected to offer lucrative opportunities for the truck bedliners market during the forecast period.
Market Overview
In North America, the US is one of the major markets for truck bedliners. In 2020, as per the report by BTS, North America produced approximately 542,000 trucks. The truck industry is a vital part of the North American economy. In recent years, truck production has slowed due to rising production costs, shifting supply chains, and disruption connected to COVID-19 outbreak. In 2021, the largest bedliners market share belongs to the US. In 2021, the US produced over 288,000 million trucks, while Mexico and Canada together produced only ~178,900 trucks. In addition, the free trade agreement between Canada, the US, and Mexico has increased the flow of goods and capital across North America, which is critical to the supply chain of the truck industry. The new "United States–Mexico–Canada Agreement," signed in October 2018, stipulates the rules of origin (ROO) for trucks to be followed, with 75% of the finished truck's value coming from inside the regulated region. Hence, the growing production of trucks in the region is anticipated to propel the truck bedliners market over the forecast period.
North America Truck bedliners Market Revenue and Forecast to 2028 (US$ Million)
Strategic insights for the North America Truck Bedliners provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the North America Truck Bedliners refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.North America Truck Bedliners Strategic Insights
North America Truck Bedliners Report Scope
Report Attribute
Details
Market size in 2022
US$ 273.53 Million
Market Size by 2028
US$ 361.11 Million
Global CAGR (2022 - 2028)
4.7%
Historical Data
2020-2021
Forecast period
2023-2028
Segments Covered
By Type
By Material
Regions and Countries Covered
North America
Market leaders and key company profiles
North America Truck Bedliners Regional Insights
North America Truck bedliners market Segmentation
The North America truck bedliners market is segmented on the basis of type, material, and country. Based on type, the market is segmented into drop-in bedliners, spray-on bedliners, and others. The spray-on bedliners segment held the largest market share in 2022.
SPEEDLINER; Rhino Linings Corporation; Line X LLC; TOFF; Ultimate Linings; DualLiner Truck Bed Liners; American Bedliners Custom Truck Shop; and Truck Hero, Inc. are the leading companies operating in the North America truck bedliners market.
The North America Truck Bedliners Market is valued at US$ 273.53 Million in 2022, it is projected to reach US$ 361.11 Million by 2028.
As per our report North America Truck Bedliners Market, the market size is valued at US$ 273.53 Million in 2022, projecting it to reach US$ 361.11 Million by 2028. This translates to a CAGR of approximately 4.7% during the forecast period.
The North America Truck Bedliners Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Truck Bedliners Market report:
The North America Truck Bedliners Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Truck Bedliners Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Truck Bedliners Market value chain can benefit from the information contained in a comprehensive market report.