Automotive Power Liftgate Market Report, Size, Share, Key Companies Analysis, Future Trends and Industry Growth Research

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The Global Automotive Power Liftgate Market is expected to grow at a CAGR of 5.8% between 2021-2027

A comprehensive overview of the Global Automotive Power Liftgate Market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Automotive Power Liftgate Market in the Global context. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the Global Automotive Power Liftgate Market at the regional country levels. The Global Automotive Power Liftgate Market is expected to grow at a CAGR of 5.8% between 2021-2027

Market Overview

The power Liftgate is a car back door system that can be controlled with a hand-held remote or a key on the dashboard system. By pushing a key, the user can open and close the vehicle liftgate. It is built to operate in the event of a network or power outage. An electronic control unit, a drive unit, a capacitive sensor system, anti-pinch strips, and a power liftgate actuator make up this system. Modern power liftgate designs are focused on minimizing component space and weight, which has always been a priority for automakers, particularly for luxury vehicles. Novel product designs, such as composite designs and anti-corrosion coatings, have helped to increase fuel efficiency, which has boosted adoption possibilities. Consumer desire for power liftgates has been influenced by rising worldwide disposable incomes and the resulting growth in demand for luxury passenger car models.

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COVID-19 Impact

The COVID-19 epidemic has had a significant impact on the automotive industry. Because of government laws, continual lockdowns, and the spread of the coronavirus, most people are staying at home, and industries have been shut down for a few days due to a lack of production, staff, and manufacturing materials. As production declines, demand for the power liftgate market declines as well. China provides the raw materials utilized in the production of automobiles. However, due to the coronavirus epidemic, Chinese items were banned, and the supply chain was interrupted, resulting in market revenue losses. Following occasional halts in growth, the market is likely to gradually recover.

Global Automotive Power Liftgate Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By System Type, the market is primarily studied into:

·        Conventional

·        Hand-Free

Based on system type, the market is segmented into Conventional and Hand-Free. The conventional market, with its high usage in pickup trucks, straight trucks, vans, and trailer applications, is predicted to develop significantly throughout the projection period. However, the hand-free power liftgates are gaining traction as traditional power liftgates needed some human effort, newer models are largely hands-free. In low-height garages, power liftgate components that allow for hands-free access are becoming increasingly popular. Back doors can be opened with only minor human intervention, such as mild kicks under the rear bumpers.

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By Vehicle Type, the market is primarily bifurcated into:

·        Passenger Car

·        Commercial Vehicle

Based on vehicle type, the market is segmented into passenger car and commercial vehicles. The passenger car category dominates the automotive power liftgate market, and it is likely to continue to do so during the forecast period. The growth of the passenger car category in the market has been aided by increased sales and manufacturing of passenger automobiles in countries like China and India are acting as a growth factor. Over the projection period, the commercial vehicle segment is also expected to rise strongly in this market.

By Material, the market is primarily studied into:

·        Metal

·        Composite

Based on material type, the market is segmented in metal and composite. The growing safety concerns while driving is one of the main factors for this growth. The market's highest account share belongs to the metal power liftgate sector. In the market, the composite power liftgate category is predicted to rise rapidly. The market for metal power liftgates is expected to change to composite power liftgates as government pollution regulations become more rigorous, forcing automakers to reduce vehicle weight. The composite material is both lightweight and durable when compared to metal.

By Sales Channel, the market is primarily studied into:

·        OEMs

·        Aftersales

Based on sales channel, the market is segmented in OEMs and Aftermarket. OEM segment is expected to grow at a higher rate during the forecasted period. A major factor driving demand in the near future is the rising emphasis on investments made in research and development for unique design and tech breakthroughs in automotive goods. In addition, demand for aftermarket parts will be boosted by interest in retrofitting activities.

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Global Automotive Power Liftgate Market Region Segmentation Includes:

·        North America

·        Europe

·        Asia Pacific

·        Rest of World

Based on the estimation, during the projection period of 2021-2027, North America is expected to be the largest market. The presence of several significant automotive OEMs and automation technology providers, particularly in the United States, is projected to have an impact on the North American power liftgate industry. The power liftgate business is going to be driven by strict road safety requirements and advances in advanced driver support systems with AI and IoT improvements. The rising demand for luxury vehicles, as well as the growing demand for electric vehicles, are expected to drive market expansion in this region.

The major players targeting the market includes:

·        Magna International Inc.

·        Faurecia SE

·        Huf Group

·        Aisin Seiko co., Ltd.

·        Robert Bosch GmbH

·        Continental AG

·        Grupo Antolin Irausa S.A.

·        Brose Fahrzeugteile GmbH Co.KG

·        Johnson Electric

·        Woodbine Manufacturing Co. Inc.

Competitive Landscape

The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating in the Global context. The specialist team of research analysts sheds light on various traits such as Global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Global Automotive Power Liftgate Market. The major players have been analyzed using different research methodologies for getting insight views on market competition.

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Key questions resolved through this analytical market research report include:

·        What are the latest trends, new patterns, and advancements in the Global Automotive Power Liftgate Market?

·        Which factors are influencing the Global Automotive Power Liftgate Market over the forecast period?

·        What are the global challenges, threats, and risks in the Global Automotive Power Liftgate Market?

·        Which factors are propelling and restraining the Global Automotive Power Liftgate Market?

·        What are the demanding global regions of the Automotive Power Liftgate Market?

·        What will be the market size in the upcoming years?

·        What are the crucial market acquisition strategies and policies applied by the companies?

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