Global Tonneau Covers Market to Reach Over US$ 1200 Mn By 2025 End


 Published Date : 01 Nov 19   |   Views: 134   |  Industry : Automation & Transportation

The global Tonneau Covers market is expected to benefit from growing demand for Tonneau Covers in vehicles such as roadsters, convertibles, and pickup trucks. Along with keeping the objects concealed from prying eyes, Tonneau Covers provide shade and shelter to them. Harsh elements may damage the vehicle, which is why Tonneau covers are an ideal solution to ensure these elements stay at bay and the truck remains safe. These covers are easy to install and remove. QYR Consulting has lately published a new report titled, “Global Tonneau Covers Market Report: Company Analysis, History and Future Overview, Global Sales Trends by 2025.” According to the report, the global Tonneau Covers market was above US$ 800 Mn in 2018 and is anticipated to reach over US$ 1200 Mn by the end of 2025. The global Tonneau Covers market is anticipated to exhibit a robust CAGR of 6.1% during the forecast period of 6 years, i.e. between 2019 and 2025.

Segmental Analysis

Demand for Hard Tonneau Covers to witness a surge

Based on the product, the Tonneau Covers market has been bifurcated on the basis of Hard Tonneau Covers and Soft Tonneau Cover. Demand for hard Tonneau Covers is expected to be high as compared to the other product types. This is attributed to its extensive application in pickup and luxury pickup trucks. The global Tonneau Covers market has been segregated on the basis of application as OEM and Aftermarket. Tonneau Covers are mostly purchased by automotive OEMs and are further set up in a pickup truck. 

North America

Regional Analysis

North America to emerge as a frontrunner in the near future

Presence of leading manufacturers in the US and well-established automotive sector are the major factors driving the Tonneau Covers market in North America. Europe is likely to emerge as a lucrative regional market in the near future. UK, France, and Italy are contributing significantly to the regional market growth. Asia Pacific is expected to witness significant growth in the coming years owing to booming automotive industry in China. 

Key Players

Key Players Having a Strong Foothold in the Tonneau Covers Market

Agri, Roll, Lock, SnugTop, Lund, Bestop, Rugged Liner, Access Cover, Cover, DiamondBack, Truck Covers USA, TruXmart, Truck Hero, and Gator Covers are some of the leading manufacturers in the global Tonneau Covers market.

For instance, lately, one of the key companies, Gator Covers has launched Gator ETX Soft Tri-Fold Truck Bed Tonneau Cover. This cover protects the truck bed and cargo from rain and snow due to its combination of foam rubber weather seals. Heavy-duty vinyl, lightweight aluminum construction, and too-free installation are other key features associated with the product.

Global CAGR During 2020-2026


Market Dynamics

High demand for pickup trucks to drive the Tonneau Covers market in future

Increasing demand for pickup and luxury pickup trucks is positively influencing the demand for Tonneau Covers. Growing need to protect and conceal items in a pick-up truck is also fuelling the product demand. Benefits associated with Tonneau Covers such as adjustability, weather resistance, efficiency, and ease of use are driving their demand among the end users. Product innovations by the manufacturers are anticipated to have a positive impact on the Tonneau Covers market growth.

For more information, check: https://www.qyrconsulting.com/reports/tonneau-covers-market


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