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Power Liftgate Market

Power Liftgate Market Forecasts to 2028 – Global Analysis By System Type (Conventional, Hands-Free Power Liftgate), Product (Automatic, Semi-Automatic), Vehicle Type, Sales Channel, Application, and By Geography

4.2 (45 reviews)
Published: January 2022 ID: SMRC21260
4.2 (45 reviews)
Published: January 2022 ID: SMRC21260

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Power Liftgate Market is accounted for $3.24 billion in 2020 and is expected to reach $5.78 billion by 2028 growing at a CAGR of 7.5% during the forecast period. Rising need to improve passenger comfort & convenience, increase in the sale of e-vehicles, and growth in spending on luxury vehicles are the major factors propelling the market growth. However, lack of skilled operators, component reliability issues, and high-cost configuration for the development of power liftgate are hampering the market growth.

The power liftgate is a vehicle indirect access framework and it is worked by both a hand-held remote or by squeezing a key on the dashboard framework. The client can handle the vehicle liftgate open and close by squeezing a key. It is intended for safeguard activity on account of organization or power misfortune. This framework comprises of an electronic control unit, a drive unit, a capacitive sensor framework, against squeeze strips, and a power liftgate actuator.

Based on vehicle type, the passenger vehicle segment is estimated to have a lucrative growth due to the rising demand for luxury vehicles because of the increasing disposable income and living standards of the middle class. Moreover, the growing demand for passenger vehicles with features such as automatic door opening and closing, advanced sensor systems, and liftgate lock systems are propelling the passenger vehicle segment.

By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to its rise in middle-class people with high living standards that increase automobile sales. Other factors driving the market in the region include the increasing sales of electric vehicles due to the strict emission regulations, growing need to increase customer comfort and convenience, and increasing demand for autonomous vehicles. In addition, relatively relaxed regulations in terms of industrial operations are expected to aid stronger growth for the duration of the assessment period.

Some of the key players profiled in the Power Liftgate Market include Continental AG, Ford Motor Company, General Motors Company, Honda Motor Company, Johnson Electric, Magna International Inc., Meridian Lightweight Technologies, Plastic Omnium Group, Robert Bosch GmbH, Strattec Power Access, Tesla, Toyota Motor Corporation, Trinseo S.A. and Volkswagen Group.
 
Types Covered:
• Hydraulic
• Electric

System Types Covered:
• Conventional
• Hands-Free Power Liftgate

Products Covered:
• Automatic
• Semi-Automatic

Vehicle Types Covered:
• Passenger Vehicle
• Commercial Vehicle

Sales Channels Covered:
• Original Equipment Manufacturer (OEM)
• Aftermarket

Applications Covered:
• Sports Utility Vehicle (SUV)
• Sedan & Hatchback
• Multi-Purpose Vehicle (MPV)
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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