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Automotive Power Liftgate Market (Material - Metal, and Composite; Vehicle Type - Passenger, and Commercial; Sales Channel - OEM, and Aftermarket): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : March, 2021

  • Rep Id : AT00217

  • Category : Automotive, Aerospace & Defence

  • Status : Published

A recent report published by Infinium Global Research on the automotive power liftgate market provides in-depth analysis of segments and sub-segments in the global as well as regional automotive power liftgate market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional automotive power liftgate market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global automotive power liftgate market. According to the report, the global automotive power liftgate market is projected to grow at a CAGR of 13.5% over the forecast period of 2020-2026.

 

Market Insight

The automotive sector has gone through a series of changes over the past century. As technology develops the vehicles and vehicle components have also evolved drastically. One of the major changes observed in the automotive sector for the past few decades is the evolution of electrical or power components. A power liftgate is one of such electrical components used in modern vehicles as a door for the back end of the car. The liftgate operates automatically either with a key located on the dashboard or a handheld remote. Moreover, several OEMs offer liftgates with features such as height memory and intelligent anti-trap function. Technological advances in the automotive sector have further boosted the adoption of liftgates in the car.

 

The rise in demand for passenger comfort in cars is the major driving factor for the growth of the automotive power liftgate market. Power liftgates operate automatically, without the need of opening and closing them manually. The power liftgates also offer height memory and intelligent anti-trap function, which reduces the need for human intervention and enhances the comfort for passengers. Moreover, innovative aerodynamic liftgates that improve vehicle performance are another major factor augmenting the demand for power liftgates.  Many OEMs have improved tailgates aerodynamics with the help of an active rear spoiler and side spoiler, which transfer the air better over and around the car. Such tailgates can improve the drag coefficient by 3-4%, which can also help reduce CO2 emissions by about 1 g per km. However, the high installation and maintenance cost of the power liftgates is expected to be the major restraining factor for the growth of the market. Nevertheless, technological advances in vehicles such as connected vehicles, IoT, AI, and machine learning are anticipated to change the way of operating liftgate. The growth of such advanced technologies is predicted to offer favorable business opportunities to the automotive power liftgate vendors. 

 

In terms of geography, the North American region generated the highest revenue in the global automotive power liftgate market. The largest market share of the North American region attributed to the higher sale of premium vehicles in the region. Higher disposable income, stringent emission norms, and the presence of leading market players are some of the reasons boosting the sale of premium vehicles in the region. This, in turn, augments the demand for automotive power liftgates in North America. The Asia Pacific is the second-largest market for the automotive power liftgate following North America. Furthermore, the Asia Pacific is anticipated to grow at the fastest rate over the forecast period. The rapid urbanization, rise in disposable income, and growing investment in the automotive sector are some of the factors contributing to the growth of the automotive power liftgate market in the Asia Pacific.

 

Segment Covered

The report on global automotive power liftgate market covers segments such as material, vehicle type, and sales channel. On the basis of material, the sub-markets include metal, and composite. On the basis of vehicle type, the sub-markets include passenger, and commercial. On the basis of sales channel, the sub-markets include OEM, and aftermarket.

 

Automotive Power Liftgate Market

Companies Profiled:

The report provides profiles of the companies in the market such as Aisin Seiki Co., Ltd., Brose Fahrzeugteile GmbH & Co. KG, Faurecia SE, Huf Hülsbeck & Fürst GmbH & Co. KG, HI-LEX Corporation, Magna International Inc., Power-Packer Corporation, Shenzhen Autoease Technology Co., Ltd., Stabilus GmbH, and Strattec Security Corporation.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the automotive power liftgate market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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