Market Overview:
The global truck bed covers market is estimated to be valued at US$ 1,362.8 Mn in 2018 and is projected to reach US$ 2,521.4 Mn by 2030, registering a CAGR of 6.9% from 2018 to 2030. The market is segmented on the basis of type (hard folding, soft rolling, retractable), application (OEM, aftermarket) and region (North America, Latin America, Europe Asia Pacific and Middle East & Africa). On the basis of type , the hard folding truck bed cover segment is estimated to account for a major share of the global truck bed covers market in 2018. This segment is expected to register a CAGR of 7.1% from 2018 to 2030 due its growing demand from OEMs across regions. The soft rolling truck bed cover segment is projected to grow at a higher CAGR than other segments during the forecast period owing its increasing demand from aftermarket applications . On the basis of application , OEMs are expected account for majority share in terms revenue generated by sales through Truck Bed Covers during forecast period . However , rising demand for Truck Bed Covers form replacement applications will result in faster growth rate for this category as compared with OEM applications over next 10 years . North America accounted for largest revenue share in 2017.
Product Definition:
A truck bed cover is a type of soft or hard cover that attaches to the bed of a pickup truck. It can be used to protect the contents of the bed from weather, theft, or damage. Truck bed covers come in a variety of materials and styles, and some can be opened remotely.
Hard Folding:
Hard folding truck bed covers are made of durable fabric and have metal eyelets or grommets for securing to the truck bed. These products protect the beds of pick up trucks, transit buses, and SUV's from scratches and dents. The hard folding product type has a stiffener or internal frame that helps in protecting the cover from damage due to road debris or rocks.
Soft Rolling:
Soft rolling covers are made up of flexible fabric and are used to cover the truck bed. It is also known as a soft tail or soft top. The product is usually made up of cotton or polyester and comes in a variety of colors, sizes, and shapes. Soft rolling covers come with elastic straps that allow them to be secured over the tailgate of trucks bed easily.
Application Insights:
OEMs such as Ford, Daimler, and Volvo have been offering aftermarket products for their trucks. For instance, in 2017, FCA¢â‚¬â„¢s truck bed cover manufacturing unit was set up in China to cater to the growing demand for its product. OEM products are generally more expensive as they offer higher quality than the aftermarket counterparts. However, over time the cost of ownership of an OEM product will be less when compared with a replacement cost of an aftermarket product due to economies of scale and scope involved in production & distribution activities.
The retractable soft rolling bed covers segment is expected register a significant CAGR during forecast years owing to its ability to protect vehicles from damage caused by debris or other objects that may fall off from above while traveling on highways or rural roads at high speeds.
Regional Analysis:
The demand for the product is expected to be high in North America and Europe due to increased demand from OEMs. The presence of prominent players such as Advance Adapters Inc.; Cargill, Inc.; and E-Z-Liner are also contributing towards the growth of the market in these regions. Asia Pacific is projected to grow at a lucrative rate over the forecast period owing to increasing awareness about truck bed covers among consumers, coupled with rising disposable income levels. Furthermore, growing investments by prominent players for manufacturing facilities expansion will drive product sales in this region.
In addition it has distribution centers located at Hyderabad; Bangalore; Kolkata (Calcutta); New Delhi; Mumbai (Bombay) which makes it easier for customers living outside California USA.
Growth Factors:
- Increasing demand for truck bed covers from the automotive sector as a result of the increasing demand for trucks and SUVs.
- The growing popularity of lifestyle sports such as off-roading and camping, which has led to an increase in the demand for truck bed covers that offer better protection against outdoor elements.
- The increasing use of pickup trucks as commercial vehicles, due to their superior load-carrying capacity compared to other types of vehicles. This is expected to lead to an increase in the demand for truck bed covers that offer better protection against damage caused by cargo loads.
- Technological advancements in the design and manufacturing of truck bed covers, which have resulted in products with improved features and functionality such as waterproofing and UV protection. This is expected to lead to higher adoption rates among consumers looking for enhanced performance from their truck bed cover products . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Truck Bed Covers Market Research Report
By Type
Hard Folding, Soft Rolling, Retractable
By Application
OEM, Aftermarket
By Companies
Truck Hero, TAG, Lund, Bestop, Agri-Cover, Rugged Liner, Gator Cover, DiamondBack, Truck Covers USA
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Truck Bed Covers Market Report Segments:
The global Truck Bed Covers market is segmented on the basis of:
Types
Hard Folding, Soft Rolling, Retractable
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEM, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Truck Hero
- TAG
- Lund
- Bestop
- Agri-Cover
- Rugged Liner
- Gator Cover
- DiamondBack
- Truck Covers USA
Highlights of The Truck Bed Covers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hard Folding
- Soft Rolling
- Retractable
- By Application:
- OEM
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Truck Bed Covers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A truck bed cover is a type of vehicle cover that is typically installed on the back of a pickup truck. It is designed to protect the cargo area from rain, snow, and other weather conditions. Truck bed covers are also available in a variety of colors and styles to match your personal style.
Some of the major players in the truck bed covers market are Truck Hero, TAG, Lund, Bestop, Agri-Cover, Rugged Liner, Gator Cover, DiamondBack, Truck Covers USA.
The truck bed covers market is expected to grow at a compound annual growth rate of 6.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Truck Bed Covers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Truck Bed Covers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Truck Bed Covers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Truck Bed Covers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Truck Bed Covers Market Size & Forecast, 2018-2028
4.5.1 Truck Bed Covers Market Size and Y-o-Y Growth
4.5.2 Truck Bed Covers Market Absolute $ Opportunity
Chapter 5 Global Truck Bed Covers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Truck Bed Covers Market Size Forecast by Type
5.2.1 Hard Folding
5.2.2 Soft Rolling
5.2.3 Retractable
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Truck Bed Covers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Truck Bed Covers Market Size Forecast by Applications
6.2.1 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Truck Bed Covers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Truck Bed Covers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Truck Bed Covers Analysis and Forecast
9.1 Introduction
9.2 North America Truck Bed Covers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Truck Bed Covers Market Size Forecast by Type
9.6.1 Hard Folding
9.6.2 Soft Rolling
9.6.3 Retractable
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Truck Bed Covers Market Size Forecast by Applications
9.10.1 OEM
9.10.2 Aftermarket
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Truck Bed Covers Analysis and Forecast
10.1 Introduction
10.2 Europe Truck Bed Covers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Truck Bed Covers Market Size Forecast by Type
10.6.1 Hard Folding
10.6.2 Soft Rolling
10.6.3 Retractable
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Truck Bed Covers Market Size Forecast by Applications
10.10.1 OEM
10.10.2 Aftermarket
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Truck Bed Covers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Truck Bed Covers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Truck Bed Covers Market Size Forecast by Type
11.6.1 Hard Folding
11.6.2 Soft Rolling
11.6.3 Retractable
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Truck Bed Covers Market Size Forecast by Applications
11.10.1 OEM
11.10.2 Aftermarket
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Truck Bed Covers Analysis and Forecast
12.1 Introduction
12.2 Latin America Truck Bed Covers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Truck Bed Covers Market Size Forecast by Type
12.6.1 Hard Folding
12.6.2 Soft Rolling
12.6.3 Retractable
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Truck Bed Covers Market Size Forecast by Applications
12.10.1 OEM
12.10.2 Aftermarket
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Truck Bed Covers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Truck Bed Covers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Truck Bed Covers Market Size Forecast by Type
13.6.1 Hard Folding
13.6.2 Soft Rolling
13.6.3 Retractable
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Truck Bed Covers Market Size Forecast by Applications
13.10.1 OEM
13.10.2 Aftermarket
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Truck Bed Covers Market: Competitive Dashboard
14.2 Global Truck Bed Covers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Truck Hero
14.3.2 TAG
14.3.3 Lund
14.3.4 Bestop
14.3.5 Agri-Cover
14.3.6 Rugged Liner
14.3.7 Gator Cover
14.3.8 DiamondBack
14.3.9 Truck Covers USA
