Truck Tarps Market is Projected to Reach At A CAGR of 4.1% from 2022 to 2030

According to the Market Statsville Group (MSG), the global Truck Tarps Market size is expected to grow at a CAGR of 4.1% from 2022 to 2030. A truck tarp is a huge sheet of water-resistant material. It is both rigid and flexible, making it ideal for protecting the contents of a truck. Tarps are designed with complex qualities to reduce the possibility of leaking and tearing. Outdoor tarps are especially important because of the applications for which tarp users use them, such as hurricane protection and environmental protection.

Global Truck Tarps Market Definition

Truck tarps protect the goods in a truck. Truck tarps are generally waterproof, which it increases their efficiency during rain. Generally, the truck tarps are made of polyethylene or another type of plastic. This raises consumer and supplier concern about recycling these plastic truck tarps worldwide, increasing demand for recyclable material for truck trap manufacturing. For long-term profitability, the industry must transition to more environmentally friendly materials.

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Global Truck Tarps Market Dynamics

Drivers: An Increase in The Number of Trucks Drives The Market of Truck Tarps

The greater dependence on on-road transportation systems can be linked to the predicted expansion. Trucks enable efficient movement in challenging terrains such as hilly hills and deserted territories. Additionally, the rise is being fueled by the construction industry's expansion and the need for the transportation of heavy construction materials. According to the American Trucking Associations (ATA), trucks moved 71.5 % of freight by weight in 2017, resulting in gross freight revenue of US$ 700.1 billion. Thus, the demand for truck tarps worldwide increases as the number of freight trucks increases.

Restraints: Environmental Concerns Arise from The Use of Polyethylene in The Manufacture of Truck Tarps

Most truck tarps are made of polyethylene or another type of plastic. Government strict restrictions on the truck traps made of non-biodegradable materials like plastic which damages the environment by depleting the ozone layer could impact the sales of truck traps in the near future.

Scope of the Global Truck Tarps Market

The study categorizes the truck tarps market based on material, type, application and distribution channel at the regional and global levels.

By Material Outlook (Sales, USD Million, 2017-2030)

• Polyethylene
• Canvas
• Vinyl
• Silnylon

By Distribution Channel Outlook (Sales, USD Million, 2017-2030)

• Online Channel
• Offline Channel 

By Type Outlook (Sales, USD Million, 2017-2030)

• Fabric
• Mesh
• Others

By Application Outlook (Sales, USD Million, 2017-2030)

• Waterproof
• Sunscreen
• Fixed Goods
• Others       

By Region Outlook (Sales, USD Million, 2017-2030)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• Italy
• France
• UK
• Spain
• Poland
• Russia
• The Netherlands
• Norway
• Czech Republic
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Indonesia
• Malaysia
• Thailand
• Singapore
• Australia & New Zealand
• Rest of Asia Pacific
• South America
• Brazil
• Argentina
• Colombia
• Rest of South America
• The Middle East & Africa
• Saudi Arabia
• UAE
• South Africa
• Northern Africa
• Rest of MEA

Polyethylene segment is projected to account for the largest market share, by material

Based on material, the global truck tarps market is divided into polyethylene, canvas, vinyl, and silnylon. The polyethylene segment is accounted to grow at the largest market share in 2021, owing to the cheapest raw material form and can manufacture truck tarps with minimal production cost. However, canvas is projected to grow at the highest CAGR during the forecast period. Canvas is made of extremely breathable fabrics, which allow air to pass through its individual strands. Treated canvas tarps provide resistance against moisture, mould, and UV radiation, creating significant growth opportunities for the segment.

Asia Pacific accounts for the highest CAGR during the forecast period

Based on the regions, the global Truck Tarps Market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Globally, the Asia Pacific is estimated to hold the highest CAGR in the global truck tarps market during the forecast period. the growth is driven due to the growing transportation and logistic industry in developing countries like India and China. For instance: as per Rocky Mountain Institute (RMI) India’s report, currently, around 2.2 crore people are employed in India's logistics industry, contributing 5% to the country's GDP. India transports 4.6 billion tonnes of cargo annually. Additionally, 40% of current bulk cargo is carried by trucks.

Competitive Landscape - Global Truck Tarps Market

The global truck tarps market is highly competitive with key industry players adopting various strategies such as product development, partnerships, acquisitions, agreements, and expansion to strengthen their market positions. Most market companies focus on expanding operations across regions, augmenting their capabilities, and building strong partner relations.

Major players in the global market are:

• XTARPS
• Xpose Safety
• Kotap
• ProtecTARPS,Inc
• Inland Plastics
• Camilleri Tarps
• DT Truck Tarps
• Tentproinc
• Carolina Tarps
• LEWIS MANUFACTURING
• R. K. Plastic Industries
• Double Tuff Truck Tarps
• ci Fabrics, Inc.
• EVERLAST TARPS
• AandR
• Abadak
• AAATarps