According to the TechSci Research report, “Automotive Liftgate Market -Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028F,” the Global Automotive Liftgate Market is anticipated to escalate with the rapid CAGR in the upcoming years. The robust growth of the global automotive liftgate market is due to the rise in disposable income, increasing purchase of luxury vehicles with more advanced features, such as vehicles with automotive liftgate. The demand for automotive liftgates has also increased as a result of advancements in sensors and auto components in automobiles.
The automotive liftgate is a back-door system in which the user controls the lift gate/tailgate opening and closing with the press of a key located on the dashboard or a handheld remote. Intelligent anti-trap and height memory functions, among other features, are available on automotive liftgates. The automotive liftgate is a hands-free system that can also be controlled remotely. Doors in automobiles vary greatly in design from one manufacturer to the next and even from one car model to the next; however, the mechanism of the automotive liftgate remains consistent. Automotive liftgates have good anti-corrosion properties, which ensures the longevity and proper operation of back door technologies and innovations.
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Currently, all major automobile manufacturers are incorporating this technology into their vehicles to improve passenger comfort. An automotive liftgate drive and a deck lid cable drive are part of the liftgate system. A lift gate latch that includes a power cinching unit and a capacitive sensor system for hands-free opening and closing. Some commercial vehicles have automotive liftgates on the back door frames to make opening and closing the back doors easier. The introduction of new products accelerates the growth of the automotive liftgate market.
The Global Automotive Liftgate Market is segmented by vehicle type, by type, by material type, by region and competitive landscape. Based on vehicle type, the market is segmented into passenger car and light commercial vehicle. The passenger car segment dominates the global automotive liftgate market in terms of vehicle type. Increased passenger vehicle sales and production in developing countries have contributed to the passenger car market’s growth. The light commercial vehicle segment is also expected to grow rapidly during the forecast period. Based on type, the market is segmented into manual and automatic. Based on the material type, the market is divided into metal and composite. Metal liftgates are expected to continue to dominate the market. However, there is a steady shift from metal to composite liftgates due to a variety of factors, the most important of which is government regulations. Many governments are imposing stringent regulations on automakers in order to increase fuel efficiency or reduce emissions. Composite liftgates assist industry stakeholders in reducing overall vehicle weight, thereby helping to meet targets to some extent. On the basis of regional analysis North America region dominates the market. Moreover, Europe and Asia- Pacific provide the growth opportunities for the market.
Some of the major players operating in the Global Automotive Liftgate Market include:
- Magna International Inc.
- Stabilus GmbH
- Continental AG
- Brose Fahrzeugteile GmbH & Co. KG
- Huf Hülsbeck & Fürst GmbH & Co. KG
- Strattec Security Corporation
- Johnson Electric Holdings Ltd.
- HI-LEX Corporation
- VOXX Electronics Corp
- Faurecia SE
“With the advancement of technology, many OEMs are conducting research and development in automobile features. In addition, as disposable income rises, so does demand for luxury vehicles, boosting the global automotive liftgate market. Furthermore, consumers are looking for high-end features and comfort in their vehicles, which provides an opportunity for manufacturers to provide updated features in their vehicles,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Automotive Liftgate Market-Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028F, Segmented By Vehicle Type (Passenger Car, Light Commercial Vehicle), By Type (Manual, Automatic), By Material Type (Metal and Composite) and By Region,” has evaluated the future growth potential of Global Automotive Liftgate Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Automotive Liftgate Market.
Report Scope:
In this report, Global Automotive Liftgate Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Automotive Liftgate Market, By Vehicle Type:
o Passenger Car
o Light Commercial Vehicle
- Automotive Liftgate Market, By Type:
o Manual
o Automatic
- Automotive Liftgate Market, By Material Type:
- Metal
- Composite
- Automotive Liftgate Market, By Region:
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Indonesia
- Thailand
- Europe & CIS
- Germany
- Russia
- France
- Spain
- Italy
- United Kingdom
- Switzerland
- Netherlands
- Austria
- North America
- United States
- Canada
- Mexico
- South America
- Argentina
- Brazil
- Colombia
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Asia-Pacific
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