A power tailgate system is a device that aids the opening and closing a car’s tailgate or boot lid automatically. Hands-free power liftgate offers features such as intelligent anti-trap, height memory function and others. The global hands-free power liftgate market is expected to witness significant growth in the future, owing to increase in spending of luxury vehicles. With continuous growth in the automobile sector, the automotive power lift gate market is also pegged to register significant growth globally. Upcoming technologies and innovations in the automotive industry such as a hand-free system for the opening and closing of back doors, will drive the automotive power lift gate market. The next five years for the global automotive liftgate market are going to be vigorous with sizeable growth opportunities in the entire ecosystem of the market. The global automotive liftgate market is estimated to grow at a healthy rate over the next five years to reach an estimated value of US$ 3,857.2 million in 2024. The industry in Asia Pacific region is expected to expand at a strong CAGR and is majorly fueled by the development of population growth and inclination towards luxury cars. This has given rise to the increase in demand for SUV’s with more comfort along with passenger vehicles. Technological advancements have also increased the demand for automatic power liftgate due to increased convenience and increased customize option of back door. The Global Automotive Power Liftgate Market was valued at USD 2,348.4 Million in 2017, at a CAGR of 7.57% from 2018 to 2024. The market is analyzed across four geographical regions, namely, North America (U.S., Canada and Mexico), Europe (UK, Germany, France and rest of Europe), Asia-Pacific (China, Japan, India and rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa). Asia Pacific holds the highest market about 35% of total market share and is also the fastest growing region with the CAGR of 7.57%. The Asia Pacific market is expected to witness potential growth over the forecast period. Indian and Chinese automotive sector developments are expected to boost the demand for power liftgate over the forecasted timeline as the region is expected to witness strong growth of luxury cars. Whereas, high Cost of sensors and changing regulations hindering the growth of the market. European liftgate market holds the 2nd highest market share. Whereas, North American market was holding 23% of the market share in 2017. The Automotive Power Liftgate Market is segmented on the basis of by Types, with Semi Automatic Type holding the largest market share in 2017. The Automatic Type is projected to reach USD 1,291.4 Million by 2024 with highest CAGR due to the owing to the increase in demand for sensors and electronic devices/components in the field of automotive sectors. Automotive Power Liftgate Market by application includes SUV, Sedan & Hatchback, MPV and Other Vehicle. SUV’s car segment holds the largest share of 69% of market in 2017. Global Automotive Power Liftgate Market (2018-2024) Manufacturers are focusing more on the technological advancements and innovation to garner the changing demand of end users in the power liftgate market. Some of the key industry players in this market are Huf Hülsbeck & Fürst GmbH & Co. KG, Johnson electric, Autoease Technology, Brose Fahrzeugteile GmbH & Co.KG, Aisin Seiko co. ltd, Faurecia SA, Grupo Antolin Irausa S. A, Magna International Inc., Stabilus GmbH. Innovating lightweight composite liftgate, mergers & acquisitions, and forming long-term contracts with OEMs are the key strategies adopted by these players to gain a competitive edge in the market.
Scope:
Report Data
Market
Forecast 2022
XX million/billion (2022-2032)
CAGR 2022 - 2032
%
Analysis Period
2022 - 2032
Base Year
2021
Forecast Data
2022 - 2032
Segments Covered
By Type, By Application, And by Regions
Regional Scope
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
1 Introduction 1.1 Objectives 1.2 Research Methodology 1.3 Stakeholders 1.4 Research Assumptions 1.5 Limitation 2 Executive Summary
3. Market Outlook 3.1 Introduction 3.2 Opportunities Matrix 3.3 Market Challenges 3.4 Market Share Analysis 3.5 Value chain Analysis 3.6 Porter’s Five forces Model 3.6.1 Degree of Competition 3.6.2 Bargaining Power of Buyers 3.6.3 Bargaining Power of Suppliers 3.6.4 Threat From Substitutes 3.6.5 Threat From New Entrants
4 Automotive Power Liftgate Type Analysis 4.1 Introduction 4.2 Fully Automatic 4.3 Semi-automatic
5 Automotive Power Liftgate Application Analysis 5.1 Introduction 5.2 SUV 5.3 Sedan & Hatchback 5.4 MPV 5.5 Other Vehicle
6 Global Automotive Power Liftgate Regional Analysis 6.1 Introduction 6.2 North America 6.2.1 U.S. 6.2.2 Canada 6.3 Europe 6.3.1 U.K. 6.3.2 Germany 6.3.3 France 6.3.4 Rest of Europe 6.4 Asia-Pacific (APAC) 6.4.1 Japan 6.4.2 China 6.4.3 India 6.4.4 Rest of APAC 6.5 Rest of the World (RoW) 6.5.1 Middle East 6.5.2 Africa 6.5.3 South America
7 Market Players (Overview, Products & Services, Strategies & Insights, recent Developments)* 7.1 HUF 7.2 HI-LEX 7.3 Brose 7.4 Magna 7.5 Aisin 7.6 Stabilus 7.7 STRATTEC 7.8 Johnson Electric. 7.9 Mitsuba 7.10 Airplex 7.11 Power-Packer 7.12 Igarashi Electric Works 7.13 Autoease Technology Table 1 Automotive Power Liftgate Type Analysis, 2017–2024 (USD Million) Table 2 Automotive Power Liftgate Application Analysis, 2017–2024 (USD Million) Table 3 Automotive Power Liftgate Regional Analysis, 2017–2024 (USD Million) Table 4 North America Automotive Power Liftgate Country Analysis, 2017–2024 (USD Million) Table 5 North America Automotive Power Liftgate Type Analysis, 2017–2024 (USD Million) Table 6 North America Automotive Power Liftgate Application Analysis, 2017–2024 (USD Million) Table 7 Europe Automotive Power Liftgate Country Analysis, 2017–2024 (USD Million) Table 8 Europe Automotive Power Liftgate Type Analysis, 2017–2024 (USD Million) Table 9 Europe Automotive Power Liftgate Application Analysis, 2017–2024 (USD Million) Table 10 Asia-Pacific Automotive Power Liftgate Country Analysis, 2017–2024 (USD Million) Table 11 Asia-Pacific Automotive Power Liftgate Type Analysis, 2017–2024 (USD Million) Table 12 Asia-Pacific Automotive Power Liftgate Application Analysis, 2017–2024 (USD Million) Table 13 RoW Automotive Power Liftgate Country Analysis, 2017–2024 (USD Million) Table 14 RoW Automotive Power Liftgate Type Analysis, 2017–2024 (USD Million) Table 15 RoW Automotive Power Liftgate Application Analysis, 2017–2024 (USD Million)
Frequently Asked Questions
What is the future market value of the ?
The current market value for is expected USD XX million/billion by 2022.
What is the CAGR of the Market?
The is to grow at a CAGR of 5.3% during the forecast by 2032.
What is the Market segment?
On the basis of type, the is segmented into Types.