Chicago, June 10, 2022 (GLOBE NEWSWIRE) — According to Arizton’s latest research report, the U.S. tonneau cover market is expected to grow at a CAGR of 8.6% during 2022-2027. Vehicles powered by solar energy are likely to be less expensive in the long run than conventional vehicles powered by nonrenewable resources. This could increase demand for solar tonneau covers. The idea is to get government assistance in the form of subsidies. Many manufacturers will consider producing products with similar, if not superior, features to capture a larger share of the market before competition increases exponentially.
Tonneau covers are especially useful for people who work in service transportation, material moving, and other similar fields. In the US, more than 27 million people work in the service transportation and material moving occupations, respectively. The demand from such sections is expected to boost the growth of the tonneau cover market as it is essential to protect the cargo and other materials from theft and damage while in transit.
US Tonneau Cover Market Report Scope
|MARKET SIZE (2027)||$5 Billion|
|MARKET SIZE (2021)||$3 Billion|
|MARKET SIZE BY UNIT SHIPMENT||7.77 million Units|
|CAGR (2022-2027)||8.6 %|