The global Automotive Power Liftgate Market is experiencing robust growth, with its market size reaching USD 4,726.58 million in 2023. This expansion is projected to continue, with the market expected to reach USD 13,017.08 million by 2031, reflecting a strong Compound Annual Growth Rate (CAGR) of 13.50% during the forecast period from 2024 to 2031.
What is an Automotive Power Liftgate?
An Automotive Power Liftgate is a motorized rear door system installed in vehicles, allowing the tailgate to open and close automatically at the push of a button. These systems are particularly popular in SUVs, crossovers, and minivans, enhancing convenience by allowing drivers to operate the liftgate remotely, even when their hands are full. Advanced models include hands-free operation, where the liftgate opens or closes when the user waves their foot under the rear bumper.
In-detail Research Scope: https://marketsglob.com/report/automotive-power-liftgate-market/1477/
Market Overview
The growth of the Automotive Power Liftgate Market is driven by increasing demand for various types of power liftgates, such as Conventional Power Liftgate and Hands-free Power Liftgate. These products are gaining popularity due to their widespread application in vehicle segments like SUVs and sedans. Sales are being facilitated through both direct and distribution channels, offering significant opportunities at the country level.
Report Insights
Market Segmentation: The market is categorized by product type (Conventional Power Liftgate, Hands-free Power Liftgate) and application (SUV, Sedan), providing insights into sales, revenue, and market share for each segment.
Market Dynamics: The report delves into the factors propelling market growth, including technological advancements and consumer preferences. Challenges and opportunities are also explored, providing a nuanced understanding of the market.
Competitive Landscape: Detailed information on key market players is provided, highlighting their market positioning, strategies, and innovations that shape the competitive landscape.
Key Market Players
The report includes a comprehensive analysis of both established and emerging companies in the Automotive Power Liftgate Market. The key players identified in the report include:
- Brose
- Continental
- Magna
- Aisin
- Huf Group
- HI-LEX
- Stabilus
- QLTC
- Edscha
- STRATTEC
Product Segment Analysis:
- Conventional Power Liftgate
- Hands-free Power Liftgate
Applications Segment Analysis:
- SUV
- Sedan
Sales Channel Segment Analysis:
- Direct Channel
- Distribution Channel
Checkout Table of Content: https://marketsglob.com/report/automotive-power-liftgate-market/1477/
Geographic Segmentation
The market is segmented by region, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Each region’s market dynamics, opportunities, and challenges are discussed, providing a comprehensive view of the global market.
For more detailed information and to access the full report, visit MarketsGlob’s Automotive Power Liftgate Market Report.
Source: MarketsGlob.com
