The global demand for Automotive Power Liftgate Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Automotive Power Liftgate is a hydraulic system that opens and closes automatically when activated. The main day-to-day application of this system is in the opening and closing of tailgate and boot lid in cars. This system enables the delivery of smart, automated and connected cars to high-end users. These liftgates are also used in many applications involving devices using sensors and electronic-based. Being automated these liftgates allow for safe, effective, hassle-free storage and luggage handlings.
The global market growth of the automotive power liftgate market is driven by an increase in demand for sensor and electronics-based components or devices in the automotive industry along with increase in the purchase of luxury vehicles worldwide. Innovation in the automotive sector like driverless vehicles, handling vehicles through the Internet of things (IoT) and other emerging technologies act as great driving factors for market growth. Automation of power systems application across various sectors can fuel market growth as well. The restricting factor for the growth of the Automotive Powerlift gate market is the high configuration cost and degradation of the sensing mechanism with time.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of automotive power liftgate.
The entire automotive power liftgate market has been sub-categorized into vehicle type and sales channel. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Vehicle Type
By Sales Channel
- Original Equipment Manufacturers
This section covers regional segmentation which accentuates on current and future demand for automotive power liftgate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Automotive Power Liftgate Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automotive power liftgate market include Strattec Security Corporation, Stabilus GmbH, Power-Packer Corporation, Mitsuba Corporation, Magna International, Johnson Electric, Igarashi Electric Works, HUF Group, HI-LEX, Brose Fahrzeugteile, Autoease Technology. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.