Asia Pacific 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)

Asia Pacific 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)

The truck bedliners market in Asia Pacific is expected to grow from US$ 148.24 million in 2022 to US$ 191.78 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2022 to 2028.

Intensifying Truck Sales in Asia Pacific

Increasing popularity of online retail platforms fuel the demand for utility trucks in the e-commerce sector for last-mile deliveries. Furthermore, China, India, Indonesia, and other Asia Pacific countries are creating a high demand for medium and heavy-weight trucks owing growing construction industry. According to the statement by Truckinfo, in 2022, medium and heavy commercial vehicle (MHCV) sales are expected to grow by 37 to 42% as compared 2021 in India due to strong demand from infrastructure sectors, such as construction, transportation mining, steel, and cement. In 2020, China sold 1.6194 million heavy vehicles, 159,000 medium vehicles, 2.1978 million light vehicles, and 708,400 small vehicles. Rapid population growth, urbanization, industrial expansion, and infrastructure development are also increasing the demand for pickup trucks. Hence, the growing truck sales across the Asia Pacific create the need for truck accessories, such as bedliners, which fuels the truck bedliners market growth.

Market Overview

The rising truck manufacturing business in Asia Pacific is driving the expansion of the auto components manufacturing industry, particularly in nations such as China, Korea, and India. The demand for a vast and diverse number of truck parts and components is growing in tandem with the rise in electric truck production. As a result, some businesses are focusing on expanding their manufacturing lines and distribution networks to channel their sales of their product including bedliners. However, in 2020, the COVID-19 outbreak significantly limited the business operations of manufacturing truck parts and components. Trade restrictions and bedliners consumption disrupted supply chains fell due to government lockdowns worldwide. However, government incentives, expanding product demand, and the easy availability of raw materials are expected to boost the truck bedliners market growth during the forecast period. For instance, India's Truck Mission Plan FAME-II prioritizes government assistance to the country's burgeoning truck & component manufacturing industries. The truck parts and component manufacturing business has undergone extensive renovation in recent years, resulting in the emergence of a highly competitive industry.

Asia Pacific Truck bedliners Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Truck bedliners market Segmentation

The Asia Pacific truck bedliners market is segmented based on 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 Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The China dominated the market share in 2022. SPEEDLINER; Rhino Linings Corporation; Ultimate Linings; Truck Hero, Inc.; and Henan Huayu Auto Accessories Manufacturing Co., Ltd are the leading companies operating in the Asia Pacific truck bedliners market.

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