According to “Automotive Power Liftgate Market 2019 Global Industry Analysis To 2025” research report published by Market Research Future, The Global Automotive Power Liftgate Market to grow at 9% CAGR during 2019 to 2025. Automotive Power Liftgate Market is segmented by System Type (Conventional and Hands-Free Automotive Power Liftgate), Vehicle Type (Passenger Car and Commercial Vehicle), Sales Channel (OEM And Aftermarket) and Region – Forecast till 2025.
Automotive Power Liftgate Market Key Players Analyzed In Report:
Aisin Seiko co., ltd, (Japan), Brose Fahrzeugteile GmbH & Co. KG (Germany), Faurecia SA (France), Grupo Antolin Irausa S.A, (Spain), Huf Hülsbeck & Fürst GmbH & Co. KG. (Germany), Johnson electric (China), Magna International Inc., (Canada), Stabilus GmbH (Germany), Woodbine Manufacturing Co. Inc. (Tommy Gate) (US), STRATTEC (US), Robert Bosch GmbH (Germany), and Continental AG (Germany).
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Automotive Power Liftgate Market Synopsis:
A Automotive Power Liftgate is also known as a power rear liftgate system in automobiles that opens and closes automatically by pressing a key located on the dashboard or handheld remote. The Automotive Power Liftgate is designed for fail-safe operation even in the event of network or power loss. The Automotive Power Liftgate system includes a drive unit, an electronic control unit, anti-pinch strips, and Automotive Power Liftgate actuator.
The major drivers for the market growth are growing need to improve passenger comfort and convenience, rise in sale of e-vehicles, growing demand for autonomous and semi-autonomous vehicles, rising adoption hand-free Automotive Power Liftgate technology from automotive sector, and growing electrification in vehicles such as uses of sensors, Automotive Power Liftgate kit, and electric components.
Growing demand for smart, adaptive and self-controlling Automotive Power Liftgate, advanced component technology, automatic liftgate, and developing economies of China, Mexico, Chile, Brazil, Saudi Arabia, and Argentina are providing ample opportunities for the growth of Automotive Power Liftgate market size. However, strict vehicle safety regulations, component reliability issues, and high costs associated with the development of the Automotive Power Liftgate in terms of research could act as barriers to the market growth. The global Automotive Power Liftgate market is expected to cross USD 5 Billion by 2025 at a projected CAGR of ~9% over the forecast period.
Global Automotive Power Liftgate Market Segmentation:
The global Automotive Power Liftgate market is segmented based on type, vehicle type, sales channel, and region. By type, the market is segmented as conventional and hands-free Automotive Power Liftgate. By vehicle type, the market is segmented as passenger car and commercial vehicle. By sales channel, the market is segmented as OEM and aftermarket.
Regional Analysis of Automotive Power Liftgate Market:
Segmentation based on region, the global Automotive Power Liftgate market has been segmented into four major regions namely Asia-Pacific, North America, Europe, and the Rest of The World (RoW), which includes Middle East & Africa and Latin America. The growth of the Asia-Pacific market can be attributed to the growing disposable income of the middle-class population and increase in sales of vehicles like such as SUV and premium, luxury cars. The market for Automotive Power Liftgate is expected to grow at the highest rate in Asia-Pacific between 2019 and 2025, due to the increase in penetration of Automotive Power Liftgate, primarily in China and Japan. Besides, growing production of premium-segment vehicles due to an increase in demand from customers, along with the presence of business units of major global players in this region, are providing the necessary boost to the market for Automotive Power Liftgate.
North America is poised to witness a significant growth owing to the growing demand for environment-friendly vehicles, increasing deployment of rail liftgate from commercial vehicles, and growing Automotive Power Liftgate truck rental services across the region. Furthermore, the presence of electric tailgate lift manufacturers such as Tommy Gate and Magna International Inc. from the US and Canada are also accelerating the growth of this market in the North America region.
The rest of the world is comprised of the regions of South America and the Middle East & Africa. Among the regions, South America is projected to grow at a rapid pace over the forecast period owing to the growing demand for hands-free liftgate in vehicles. Major countries in this region, including Brazil, Argentina, and Colombia are significant contributors to the market growth courtesy increasing urbanization and the government initiatives, which are pushing the rapid development of the automotive industry. Furthermore, the growing Automotive Power Liftgate aftermarket service centers in Middle East & Africa region primarily in the UAE, Saudi Arabia, and South Africa is also contributing to the growth of this market. The market in Europe is growing over the forecast rate due to stringent vehicle emission norms leads the demand for electric vehicles, which in turn also contributes to the growth of this market.
Intended Audience:
- Automotive Power Liftgate manufacturers
- Automotive Power Liftgate distributors
- Raw material suppliers
- State and national regulatory authorities
- Government and industry associations primarily from automotive and semiconductor sector
- State or government-owned corporations
- Research organizations
Table of Contents:
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.1. Definition
2.2.2. Research Objective
2.2.3. Assumptions
2.2.4. Limitations
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Model
3. Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat Of New Entrants
3.1.2. Bargaining Power Of Suppliers
3.1.3. Threat Of Substitutes
3.1.4. Rivalry
3.1.5. Bargaining Power Of Buyers
3.2. Value Chain/Supply Chain Analysis
4. Market Dynamics
4.1. Introduction
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Market Trends
5. Global Automotive Power Liftgate Market, By Type
5.1. Introduction
5.2. Conventional Automotive Power Liftgate
5.2.1. Market Estimates & Forecast, 2019-2025
5.2.2. Market Estimates & Forecast By Region, 2019-2025
5.3. Hands Free Automotive Power Liftgate
5.3.1. Market Estimates & Forecast, 2019-2025
5.3.2. Market Estimates & Forecast By Region, 2019-2025
6. Global Automotive Power Liftgate Market, By Vehicle Type
6.1. Passenger Car
6.1.1. Market Estimates & Forecast, 2019-2025
6.1.2. Market Estimates & Forecast By Region, 2019-2025
6.2. Commercial Vehicle
6.2.1. Market Estimates & Forecast, 2019-2025
6.2.2. Market Estimates & Forecast By Region, 2019-2025
7. Global Automotive Power Liftgate Market, By Sales Channel
7.1. Introduction
7.2. OEM
7.2.1. Market Estimates & Forecast, 2019-2025
7.2.2. Market Estimates & Forecast By Region, 2019-2025
7.3. Aftermarket
7.3.1. Market Estimates & Forecast, 2019-2025
7.3.2. Market Estimates & Forecast By Region, 2019-2025
8. Global Automotive Power Liftgate Market, By Region
Continued…
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