Pickup Bed Covers Market Size, Share, Growth, and Industry Growth by Type (Hard Folding, Soft Rolling, and Retractable) By Application (OEM and Aftermarket) Regional Forecast From 2024 To 2031

Updated On: 22 April 2024

PICKUP BED COVERS MARKET REPORT OVERVIEW 

• 

• Request a Free Sample to learn more about this report

The global pickup bed covers market size was worth USD 1308 million in 2021 & the market is expected to touch USD 4209.89 Million in 2031, exhibiting a CAGR of 9.7% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the pickup bed covers market experiencing higher-than-anticipated/lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Pickup bed covers are usually describing soft or hard cover used to protect unoccupied passenger seats in roadster or convertible. Hard covers are opened by a folding or hinging mechanism. On the other side, soft covers are open by rolling up. 

The main growth factors of the market are increased disposable income levels, rise in population base, growing demand for the product among growing population, and favorable government regulations. Also, environmental benefits of the bed covers are expected to stimulate market growth. Huge need for high quality bed covers and the advantages of the product is it can be attached to the truck using latches, clamps or other devices which can hold firmly and prevent from moving around. The product can have removed easily and ensures extra protection from snows and rains is predicted to drive market growth in the upcoming years. Huge demand for soft folding for its easy storage and transportation properties is estimated to fuel market growth. Soft folding is perfect for protection from uncertain weather or theft for its fast, and easy to remove properties. The folding can be easily removed after the work is done. Increased marketing and growing popularity of the product. In addition, availability of the product in retail and online stores. Huge discounts and several other offers associated with the bed cover is anticipated to fuel market growth in the upcoming years. On the contrary, higher costs of the bed covers is anticipated to limit market growth. Also, several other products available in the market which is project to hinder market growth in the forthcoming years.

COVID-19 Impact: Lower Income Rate and Global Economic Crisis to Harm Market Progress

Lockdown restrictions and huge economic crisis across the globe has affected market growth. Lower income rate and decline product demand among consumer. Shutting of manufacturing units and massive government regulations to control the spreading of the coronavirus. Lower rate of investments by market players also hamper market growth during the pandemic period.

LATEST TRENDS

"Growing Need for Hard Folding to Accelerate Market Growth "

Hard folding is a type of bed covers which locks the pickup bed cover into a place. The pickup bed covers cannot be moved manually. The product requires a key to unlock the and open fully. Huge need for high quality bed covers and the advantages of the product is it can be attached to the truck using latches, clamps or other devices which can hold firmly and prevent from moving around. The product can have removed easily and ensures extra protection from snows and rains is predicted to drive pickup bed covers market growth in the upcoming years.

PICKUP BED COVERS MARKET SEGMENTATION

• 

• Request a Free Sample to learn more about this report

• By Type

Based on type, the market is divided into hard folding, soft rolling, and retractable.

Soft rolling is expected to be the top part of the type segmentation

• By Application

Based on the application, the market is divided into OEM and aftermarket.

OEM is expected to be the top part of application segmentation.

DRIVING FACTORS

"Huge Demand for Soft Folding among Consumers to Surge Market Growth "

Huge demand for soft folding for its easy storage and transportation properties is estimated to fuel market growth. Soft folding is perfect for protection from uncertain weather or theft for its fast, and easy to remove properties. The folding can be easily removed after the work is done. Increased marketing and growing popularity of the product. In addition, availability of the product in retail and online stores. Huge discounts and several other offers associated with the bed cover is anticipated to fuel market growth in the upcoming years.

"Rise in Disposable Income and Growing Popularity to Stimulate Market Growth "

Increased disposable income levels, rise in population base, growing demand for the product among growing population, and favorable government regulations. Also, environmental benefits of the bed covers are expected to stimulate market growth. High spending capacity of the consumers and rapid urbanization is anticipated to fuel market growth in the upcoming years. Also, pick up bed covers usually come with the optional vehicle. The product offers an independency of purchasing the vehicle from separated retail outlets, which is predicted to flourish product demand and its offers a choice of customization.

RESTRAINING FACTORS

"High Cost and Alternatives Options to Hamper Market Growth"

The higher costs of the bed covers are anticipated to limit market growth. Also, several other products available in the market which is project to hinder market growth in the forthcoming years.

PICKUP BED COVERS MARKET REGIONAL INSIGHTS

• 

• Request a Free Sample to learn more about this report

"Increased sales of the Pickup Vehicles in North America to Drive Market Share "

North America is expected to account for the largest pickup bed covers market share owing to increased disposable income levels. Huge demand from the product among citizens. Increased sales of the pickup vehicles in Mexico, Argentina, and Brazil is estimated to boost market growth in the upcoming years. High spending capacity of the consumers and rapid urbanization is anticipated to fuel market growth in the upcoming years. Also, pick up bed covers usually come with the optional vehicle. The product offers an independency of purchasing the vehicle from separated retail outlets, which is predicted to flourish product demand and its offers a choice of customization.

Europe is predicted to experience lucrative growth due to increased revenue generation in Germany and France. Rise in middle-class families in Russia, U.K. and Italy is anticipated to fuel market growth in the upcoming years.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Truck Hero (U.S.)
• TAG (U.S.)
• Lund (U.S.)
• Mountain Top Industries (Denmark)
• Sunwood Industries (China)
• Bestop (U.S.)
• Jason Caps (U.S.)
• Agri-Cover (U.S.)
• Rugged Liner (U.S.)
• Truckman (U.S.)
• CARRYBOY (Australia)
• Gator Cover (U.S.)
• Diamond Back (U.S.)
• Truck Covers USA (U.S.)
• FNHI (U.S.)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.