Market Overview:
The global truck coatings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for trucks across different applications, such as tank truck, flatbed truck, garbage truck, dump truck and panel truck. In terms of type, electrodeposition coating is expected to hold a major share in the global market during the forecast period. This can be attributed to its properties such as corrosion resistance and durability. In terms of application, tank trucks are expected to hold a major share in the global market during the forecast period.
Product Definition:
Truck coatings are a type of coating that is used to protect the exterior of trucks from corrosion and weathering. They can also be used to improve the appearance of trucks. Truck coatings are typically applied in a two-part system, which includes a primer and a topcoat. The primer forms a protective barrier against corrosion, while the topcoat provides color and gloss. Truck coatings are important because they protect trucks from damage caused by weathering and corrosion, which can lead to costly repairs.
Electrodeposition Coating:
Electrodeposition coating is a method of adding a protective layer to any surface. It utilizes an electric current to deposit the coating on the surface. Electrodeposition coatings are used in various end-use industries such as automotive, construction, furniture & interiors and packaging among others.
Primer:
A primer is a one-component coating that is applied to the basecoat or primersand and it's used for improving adhesion between the basecoat andthe underlying paint. The most commonly used primers are epoxy, urethane, alkyd, polyurethane and acrylic. Primer functions as a filler material in that it contains pigments or additives which when combined with paints fill in pores of the paint thereby improving its appearance.
Application Insights:
The demand for the product in the application segment is categorized into flatbed, dump, garbage, panel and tank trucks. The demand for the product in these applications was dominated by North America at over 55% of market share. Factors such as a well-established infrastructure and existing automotive industry are expected to drive growth over the forecast period.
Electrodeposition coating is most commonly used on dump trucks due to its ability to provide superior corrosion resistance during transport of municipal waste across various climatic conditions prevailing in different regions around the world. Growing preference towards electrodeposition coated products among major players operating within waste disposal & recycling sector will further propel industry growth over next seven years.
Top coatings are primarily used on panel trucks as it provides protection against abrasion & scratches while increasing durability & life of paint film along with providing a glossy finish which increases customer satisfaction leading to increased revenue generation capabilities of companies operating within this sector globally.
Regional Analysis:
The Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rapid industrialization, increasing foreign investments, rising disposable income and growing automotive industry. Moreover, emerging economies such as China and India are projected to witness strong economic growth over the coming years which will drive demand for these products in APAC.
North America is anticipated to grow at a significant rate during the forecast period owing to increasing infrastructure activities coupled with government initiatives pertaining construction spending in Mexico is likely boost demand for these products over next seven years. In addition, presence of major truck manufacturers including Navistar International Inc.; Koehler Group; Daimler AG; Mercedes-Benz Vans Stuttgart GmbH & Co.; Iveco Bus S.p.A.; Volvo AB; Cummins Inc.; Isuzu Commercial Vehicle Ltd.
Growth Factors:
- Increasing demand for lightweight and fuel-efficient trucks
- Rising demand from the automotive and transportation sector
- Growing popularity of truck coatings as a cost-effective alternative to painting or repainting trucks
- Technological advancements in truck coatings products
- Stringent environmental regulations mandating the use of truck coatings
Scope Of The Report
Report Attributes
Report Details
Report Title
Truck Coatings Market Research Report
By Type
Electrodeposition Coating, Primer, Top Coat
By Application
Tank Truck, Flatbed Truck, Garbage Truck, Dump Truck, Panel Truck
By Companies
Versaflex Inc., PPG Industries, Sherwin-Williams, Rhino Linings, Kukdo Chemicals, Nukote Coating Systems, VIP GmbH, Specialty Products, Evonik
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Truck Coatings Market Report Segments:
The global Truck Coatings market is segmented on the basis of:
Types
Electrodeposition Coating, Primer, Top Coat
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
Tank Truck, Flatbed Truck, Garbage Truck, Dump Truck, Panel Truck
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:
- Versaflex Inc.
- PPG Industries
- Sherwin-Williams
- Rhino Linings
- Kukdo Chemicals
- Nukote Coating Systems
- VIP GmbH
- Specialty Products
- Evonik
Highlights of The Truck Coatings 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:
- Electrodeposition Coating
- Primer
- Top Coat
- By Application:
- Tank Truck
- Flatbed Truck
- Garbage Truck
- Dump Truck
- Panel Truck
- 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 Coatings 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Truck coatings are a type of protective coating that is applied to the exterior of trucks and other large vehicles. Truck coatings protect the vehicle from weathering, corrosion, and other damage.
Some of the major companies in the truck coatings market are Versaflex Inc., PPG Industries, Sherwin-Williams, Rhino Linings, Kukdo Chemicals, Nukote Coating Systems, VIP GmbH, Specialty Products, Evonik.
The truck coatings market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Truck Coatings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Truck Coatings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Truck Coatings Market - Supply Chain
4.5. Global Truck Coatings Market Forecast
4.5.1. Truck Coatings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Truck Coatings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Truck Coatings Market Absolute $ Opportunity
5. Global Truck Coatings Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Truck Coatings Market Size and Volume Forecast by Type
5.3.1. Electrodeposition Coating
5.3.2. Primer
5.3.3. Top Coat
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Truck Coatings Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Truck Coatings Market Size and Volume Forecast by Application
6.3.1. Tank Truck
6.3.2. Flatbed Truck
6.3.3. Garbage Truck
6.3.4. Dump Truck
6.3.5. Panel Truck
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Truck Coatings Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Truck Coatings Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Truck Coatings Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Truck Coatings Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Truck Coatings Demand Share Forecast, 2019-2026
9. North America Truck Coatings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Truck Coatings Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Truck Coatings Market Size and Volume Forecast by Application
9.4.1. Tank Truck
9.4.2. Flatbed Truck
9.4.3. Garbage Truck
9.4.4. Dump Truck
9.4.5. Panel Truck
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Truck Coatings Market Size and Volume Forecast by Type
9.7.1. Electrodeposition Coating
9.7.2. Primer
9.7.3. Top Coat
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Truck Coatings Demand Share Forecast, 2019-2026
10. Latin America Truck Coatings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Truck Coatings Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Truck Coatings Market Size and Volume Forecast by Application
10.4.1. Tank Truck
10.4.2. Flatbed Truck
10.4.3. Garbage Truck
10.4.4. Dump Truck
10.4.5. Panel Truck
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Truck Coatings Market Size and Volume Forecast by Type
10.7.1. Electrodeposition Coating
10.7.2. Primer
10.7.3. Top Coat
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Truck Coatings Demand Share Forecast, 2019-2026
11. Europe Truck Coatings Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Truck Coatings Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Truck Coatings Market Size and Volume Forecast by Application
11.4.1. Tank Truck
11.4.2. Flatbed Truck
11.4.3. Garbage Truck
11.4.4. Dump Truck
11.4.5. Panel Truck
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Truck Coatings Market Size and Volume Forecast by Type
11.7.1. Electrodeposition Coating
11.7.2. Primer
11.7.3. Top Coat
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Truck Coatings Demand Share, 2019-2026
12. Asia Pacific Truck Coatings Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Truck Coatings Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Truck Coatings Market Size and Volume Forecast by Application
12.4.1. Tank Truck
12.4.2. Flatbed Truck
12.4.3. Garbage Truck
12.4.4. Dump Truck
12.4.5. Panel Truck
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Truck Coatings Market Size and Volume Forecast by Type
12.7.1. Electrodeposition Coating
12.7.2. Primer
12.7.3. Top Coat
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Truck Coatings Demand Share, 2019-2026
13. Middle East & Africa Truck Coatings Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Truck Coatings Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Truck Coatings Market Size and Volume Forecast by Application
13.4.1. Tank Truck
13.4.2. Flatbed Truck
13.4.3. Garbage Truck
13.4.4. Dump Truck
13.4.5. Panel Truck
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Truck Coatings Market Size and Volume Forecast by Type
13.7.1. Electrodeposition Coating
13.7.2. Primer
13.7.3. Top Coat
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Truck Coatings Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Truck Coatings Market: Market Share Analysis
14.2. Truck Coatings Distributors and Customers
14.3. Truck Coatings Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Versaflex Inc.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. PPG Industries
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sherwin-Williams
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Rhino Linings
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kukdo Chemicals
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Nukote Coating Systems
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. VIP GmbH
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Specialty Products
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Evonik
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
