South America Truck Bedliners Market Forecast to 2028

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)

Report Code : BMIRE00027673 | Region : LAMEA | Industry : Automotive and Transportation | Published Date : 19/Dec/2022

The truck bedliners market in South America is expected to grow from US$ 21.02 million in 2022 to US$ 22.32 million by 2028; it is estimated to grow at a CAGR of 1.0% from 2022 to 2028.

Growing Emphasis on Cargo Protection by End Users

The end-users of utility vehicles demand luxurious, comfortable, and safe vehicles. Therefore, commercial vehicle manufacturers have developed powertrains to meet the needs of consumers. The truck bedliners provide traction to the truck bed, helping to securely hold the cargo and prevent it from damage. It also provides long-lasting protection against rust and weathering. As a result, companies are severely working on making bedliners mandatory accessories during the sales of trucks. For instance, in January 2021, LINE-X, manufacturer of high-performance protective coatings and automotive accessories, launched a program with International Truck, the commercial truck brand of Navistar International Corporation. The program allows International Truck Dealers to use LINE-X's protective coatings to enhance protection and extend the life of their prestigious truck models, giving drivers superior protection and longer-lasting trucks on the road. It will be available on the MV & HV series later this year. As the truck market continues to improve in terms of quality and comfort, the demand for truck bedliners is propelling. Furthermore, spray-on bedliners are durable and reliable, so they can be used to protect other fenders and rear bumpers. The bedliners are an attractive alternative for truck enthusiasts due to their customizable design and execution, contributing to their growing use. The bedliner coating on the exteriors of vehicles provides better protection and avoids damage in harsh weather conditions. Therefore, the demand for exterior cladding is increasing.

Market Overview

The South America truck industry, heavily reliant on imports and exports for revenue, experienced a financial setback due to imposition of ban on international travel. Due to the COVID-19 pandemic, this cash inflow was suspended. With the upliftment of lockdown, the truck industry aims to recover and achieve greater sustainability. Moreover, the South America truck bedliners market players are collaborating to increase their share in the market. For instance, the Brazilian Antitrust Authority approved the formation of a joint venture between Fras-le, a manufacturer of friction material products, and Federal-Mogul Motor parts, a global manufacturer and distributor of quality truck parts, on December 7, 2017. The joint venture will focus on manufacturing and distributing premium heavy-duty products to original equipment truck manufacturers and aftermarket customers in the light truck market in Brazil. The JURID do Brasil Sistema’s Automotive’s Ltd. joint venture started its operations on January 8, 2018. Fras-le will hold ~80% of the company, while Federal-Mogul motor parts will own 19.9%. Hence, such mergers and acquisitions are likely to boost the market growth in the region.

South America Truck bedliners Market Revenue and Forecast to 2028 (US$ Million)

South America Truck bedliners market Segmentation

The South 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 drop-in bedliners segment held the largest market share in 2022.

Based on material, the market is segmented into polyurethane, aluminium carpet, and others . The polyurethane segment held the largest market share in 2022. Based on country, the market is segmented into the Brazil, Argentina, and the Rest of South America. The Brazil dominated the market share in 2022. SPEEDLINER; Rhino Linings Corporation; Ultimate Linings; and Truck Hero, Inc. are the leading companies operating in the South America truck bedliners market.

At 1.0% CAGR, the South America Truck Bedliners Market is speculated to be worth US$ 22.32 million by 2028, says The Insight Partners

According to The Insight Partners’ 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.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. SAM Truck Bedliners Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 SAM

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. SAM Truck Bedliners Market – Key Industry Dynamics

5.1 Market Drivers

5.1.1 Growing Emphasis on Cargo Protection by End Users

5.2 Market Restraints

5.2.1 Concerns Regarding Installation of Bedliners

5.3 Market Opportunities

5.3.1 Increasing Technological Advancements for Lightweight and Environment-Friendly Bedliners

5.4 Future Trends

5.4.1 Growing Adoption of Electric Vehicles

5.5 Impact Analysis of Drivers and Restraints

6. Truck Bedliners Market – SAM Market Analysis

6.1 SAM Truck Bedliners Market Forecast and Analysis

7. SAM Truck Bedliners Market Analysis – By Type

7.1 Overview

7.2 SAM Truck Bedliners Market, By Type (2021 And 2028)

7.3 Drop-In bedliners

7.3.1 Overview

7.3.2 Drop-In bedliners: Truck Bedliners Market Revenue and Forecast To 2028 (US$ Million)

7.4 Spray-On bedliners

7.4.1 Overview

7.4.2 Spray-On bedliners: Truck Bedliners Market Revenue and Forecast To 2028 (US$ Million)

7.5 Others

7.5.1 Overview

7.5.2 Others: Truck Bedliners Market Revenue and Forecast To 2028 (US$ Million)

8. SAM Truck Bedliners Market – by Material

8.1 Overview

8.2 SAM Truck Bedliners Market, By Material (2021 And 2028)

8.3 Polyurethane

8.3.1 Overview

8.3.2 Polyurethane: Truck Bedliners Market Revenue and Forecast To 2028 (US$ Million)

8.4 Aluminium Carpet

8.4.1 Overview

8.4.2 Aluminium Carpet: Truck Bedliners Market Revenue and Forecast To 2028 (US$ Million)

8.5 Others

8.5.1 Overview

8.5.2 Others: Truck Bedliners Market Revenue and Forecast To 2028 (US$ Million)

9. SAM Truck Bedliners Market – by Country Analysis

9.1 SAM: Truck Bedliners

9.1.1 SAM: Truck Bedliners, by Key Country

9.1.1.1 Brazil: Truck Bedliners – Revenue, and Forecast to 2028 (US$ Million)

9.1.1.1.1 Brazil: Truck Bedliners, By Type

9.1.1.1.2 Brazil: Truck Bedliners, By Material

9.1.1.2 Argentina: Truck Bedliners – Revenue, and Forecast to 2028 (US$ Million)

9.1.1.2.1 Argentina: Truck Bedliners, By Type

9.1.1.2.2 Argentina: Truck Bedliners, By Material

9.1.1.3 Rest of SAM: Truck Bedliners – Revenue, and Forecast to 2028 (US$ Million)

9.1.1.3.1 Rest of SAM: Truck Bedliners, By Type

9.1.1.3.2 Rest of SAM: Truck Bedliners, By Material

10. Industry Landscape

10.1 Overview

10.2 Market Initiative

10.3 New Product Launch

11. Company Profiles

11.1 SPEEDLINER

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 Rhino Linings Corporation

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 Ultimate Linings

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 Truck Hero, Inc.

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

12. Appendix

12.1 About The Insight Partners

12.2 Word Index

LIST OF TABLES.

Table 1. SAM Truck Bedliners Market – Revenue and Forecast to 2028 (US$ Million)

Table 2. South America: Truck Bedliners Market Revenue Share, By Country

Table 3. Brazil: Truck Bedliners, By Type –Revenue and Forecast to 2028 (US$ Million)

Table 4. Brazil: Truck Bedliners, By Material –Revenue and Forecast to 2028 (US$ Million)

Table 5. Argentina: Truck Bedliners, By Type –Revenue and Forecast to 2028 (US$ Million)

Table 6. Argentina: Truck Bedliners, By Material –Revenue and Forecast to 2028 (US$ Million)

Table 7. Rest of SAM: Truck Bedliners, By Type –Revenue and Forecast to 2028 (US$ Million)

Table 8. Rest of SAM: Truck Bedliners, By Material –Revenue and Forecast to 2028 (US$ Million)

Table 9. List of Abbreviation

LIST OF FIGURES.

Figure 1. SAM Truck Bedliners Market Segmentation

Figure 2. SAM Truck Bedliners Market Segmentation – By Country

Figure 3. SAM Truck Bedliners Market Overview

Figure 4. Drop-In Bedliners Segment held the Largest Share of Truck Bedliners Market

Figure 5. Polyurethane Segment held the Largest Share of Truck Bedliners Market

Figure 6. Brazil to Show Great Traction During Forecast Period

Figure 7. SAM – PEST Analysis

Figure 8. SAM Ecosystem Analysis: Truck Bedliners Market

Figure 9. SAM Expert Opinion

Figure 10. SAM Truck Bedliners Market: Impact Analysis of Drivers and Restraints

Figure 11. SAM Truck Bedliners Market Forecast and Analysis (US$ Million)

Figure 12. SAM Truck Bedliners Market, By Type (2021 and 2028)

Figure 13. SAM Drop-In bedliners: Truck Bedliners Market Revenue and Forecast to 2028 (US$ Million)

Figure 14. SAM Spray-On bedliners: Truck Bedliners Market Revenue and Forecast to 2028 (US$ Million)

Figure 15. SAM Others: Truck Bedliners Market Revenue and Forecast to 2028 (US$ Million)

Figure 16. SAM Truck Bedliners Market, By Material (2021 and 2028)

Figure 17. SAM Polyurethane: Truck Bedliners Market Revenue and Forecast to 2028 (US$ Million)

Figure 18. SAM Aluminium Carpet: Truck Bedliners Market Revenue and Forecast to 2028 (US$ Million)

Figure 19. SAM Others: Truck Bedliners Market Revenue and Forecast to 2028 (US$ Million)

Figure 20. SAM: Truck Bedliners Market, by Key Country – Revenue (2021) (US$ Million)

Figure 21. SAM: Truck Bedliners Revenue Share, by Key Country (2021 and 2028)

Figure 22. Brazil: Truck Bedliners – Revenue, and Forecast to 2028 (US$ Million)

Figure 23. Argentina: Truck Bedliners – Revenue, and Forecast to 2028 (US$ Million)

Figure 24. Rest of SAM: Truck Bedliners – Revenue, and Forecast to 2028 (US$ Million)

● SPEEDLINER

● Rhino Linings Corporation

● Ultimate Linings

● Truck Hero, Inc.

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South America truck bedliners market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the South America truck bedliners market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth South America market trends and outlook coupled with the factors driving the South America truck bedliners market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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