Reliable Data You Can Trust
Reliable Data You Can Trust
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.
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.
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.
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.
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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