Global Truck Bedliners Market 2019-2023 | Increasing Use of Bedliner for Full-Exterior Coating to Boost Growth | Technavio
LONDON--(BUSINESS WIRE)--May 21, 2019--
The global truck bedliners market is expected to post a CAGR of close to 8% during the period 2019-2023, according to the latest market research report by Technavio.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190521005335/en/
Technavio has published a new market research report on the global truck bedliners market from 2019-2023. (Graphic: Business Wire)
A key factor driving the growth of the global truck bedliners market is the rising uptake of spray-on bedliners. Although spray-on bedliners are costlier than drop-in counterparts, they are growing in popularity because they offer more performance parameters. Spray-on bedliners are made of aliphatic compounds, which do not fade easily. Moreover, spray-on bedliners are highly reliable and durable, because of which they can be used to cover additional portions of rear bumper or rear fender. They can also enhance the visual appeal of a vehicle, which can improve its resale value. The customized design and application capabilities of spray-on bedliners make them an ideal option for truck enthusiasts and have significantly contributed towards the increased adoption of such bedliners.
As per Technavio, the increasing use of bedliner for full-exterior coating will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global truck bedliners market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global truck bedliners market: Increasing use of bedliner for full-exterior coating
While bedliners are mostly used as protection coverage for truck’s bed surface, its applications have expanded, and it’s now being used for full-exterior coating. A significant number of consumers are now coating pickup trucks with bedliners as it adds the rugged appearance of the pickup truck and offers armor-like protection along with a unique style. The growing popularity of full-exterior coating is encouraging vendors in the market to offer full-exterior coating services. The full-exterior coating is aimed at providing advanced off-road protection against damage while travelling through rough trails.
“Apart from the increasing use of bedliner for full-exterior coating, factors such as the advancements in drop-in bedliner manufacturing and the growing use of pure polyurea in spray-on bedliners will significantly impact the growth of the solar PV services market during the forecast period,” says a senior research analyst at Technavio.
Global truck bedliners market: Segmentation analysis
This market research report segments the global truck bedliners market by type (drop-in and spray-on) and geographic regions (North America, APAC, Europe, South America, and MEA).
The North American region led the truck bedliners market in 2018, followed by APAC, Europe, South America, and MEA respectively. In North America, utility vehicles, such as pickup trucks, sport-utility vehicles (SUVs), and crossovers dominate automobile sales. This is attributable to the enhanced versatility of such vehicles, rendering them suitable for personal and commercial activities. The high demand for these trucks results in an increase in the preference for truck accessories. Thus, the growth in the sales of pick-up trucks will drive the growth of the truck bedliners market in the region.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190521005335/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
INDUSTRY KEYWORD: TRANSPORT TRUCKING MANUFACTURING AUTOMOTIVE MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Technavio Research
Copyright Business Wire 2019.
PUB: 05/21/2019 10:00 AM/DISC: 05/21/2019 10:01 AM