Europe 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 Europe is expected to grow from US$ 51.27 million in 2022 to US$ 59.01 million by 2028; it is estimated to grow at a CAGR of 2.4% from 2022 to 2028.
Upward Adoption of Electric Vehicles
The growing demand for low-emission vehicles and supportive government initiatives, such as subsidies and tax rebates for adopting zero-emission vehicles, increase the sales of electric vehicles. As per the report by IEA, electric truck sales are expected to grow to 324,100 units by 2026 from about 10,200 in 2018. As per the European commission, new emission targets set for passenger cars and light commercial vehicles for the period after 2020 will be a 37.5% decrease in carbon dioxide emissions for new cars and a 31% emission decrease for light commercial vehicles like vans by 2030. Thus, the growing adoption of electric trucks would fuel the demand for advanced bedliners. For instance, in 2021, Roll-N-Lock used rust-resistant galvanized metal and specifically engineered the bedliners for hybrid and electric vehicles. Thus, such trends for developing bedliners for the EV industry would drive the truck bedliners market growth over the forecast period.
Market Overview
Moreover, the truck industry is evolving. According to ZF, approximately one-third of all regional autos will be entirely electric or hybrid-electric by 2030. This will be aided by policies encouraging drivers, fleets, and governments of European countries to acquire environment-friendly trucks. Based on the EU report, in 200 cities across Europe, low-emission zones have been established. London, for example, established the world's first 'ultra-low' emission zone. As a result, several truck manufacturers are altering their product lines to accommodate electric mobility. For instance, the Electric Blue initiative will be expanded to include tested hybrid trucks. Hence, such a transition to electric trucks is anticipated to create lucrative opportunities for the truck bedliners market vendors.
Europe Truck bedliners Market Revenue and Forecast to 2028 (US$ Million)
Europe Truck bedliners market Segmentation
The Europe 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 Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe dominated the market share in 2022. Speedliner; Rhino Linings Corporation; Ultimate Linings; Chamäleon GmbH; and Truck Hero, Inc. are the leading companies operating in the Europe truck bedliners market.
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