Report : South America Truck Bedliners Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Drop-In bedliners, Spray-On bedliners, and Others) and Material (Polyurethane, Aluminium Carpet, and Others)
At 1.0% CAGR, the South America Truck Bedliners Market is speculated to be worth US$ 22.32 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the South America truck bedliners market was valued at US$ 21.02 million in 2022 and is expected to reach US$ 22.32 million by 2028, registering a CAGR of 0.7% from 2022 to 2028. Growing 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. 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 regarding installation of bedliners hurdles the growth of South America truck bedliners market.
- Based on type, the South America truck bedliners market is categorized into drop-in bedliners, spray-on bedliners, and others. The drop-in bedliners segment held 65.0% market share in 2022, amassing US$ 13.66 million. It is projected to garner US$ 14.36 million by 2028 to expand at 0.8% CAGR during 2022–2028.
- Based on material, the South America truck bedliners market is categorized into polyurethane, aluminium carpet, and others. The polyurethane segment held 80.7% market share in 2022, amassing US$ 16.95 million. It is projected to garner US$ 18.20 million by 2028 to expand at 1.2% CAGR during 2022–2028.
- Based on country, the South America truck bedliners market has been categorized into the Brazil, Argentina, and the Rest of South America. Our regional analysis states that Brazil captured 57.0% market share in 2022. It was assessed at US$ 11.99 million in 2022 and is likely to hit US$ 12.82 million by 2028, exhibiting a CAGR of 1.1% during the forecast period.
Key players dominating the South America truck bedliners market are SPEEDLINER; Rhino Linings Corporation; Ultimate Linings; and Truck Hero, Inc. among others.
Contact Person: Sameer Joshi
Phone: +1- 646- 491- 9876
Email id: firstname.lastname@example.org