According to UnivDatos Market Insights (UMI)’ research report “Automotive Power Liftgate Market”, the market is expected to witness a CAGR growth of around 5.8% during the forecast period 2021-2027F. Global Automotive Power Liftgate Market is experiencing significant growth due to the rising increasing demand for sensor and electronic based components or devices in the vehicle along with rising demand of luxury vehicles.

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Based on System Type, 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.

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.

The automotive power liftgate market is likely to be driven by a rise in demand for electronic and sensor-based components within automobiles. Furthermore, the power liftgate manufacturers are expected to benefit from increasing technological breakthroughs and innovation in the vehicle industry. Furthermore, several automobile manufacturers are including power liftgates into their vehicle models as a result of technological developments and innovation, which is expected to increase demand for the power liftgate. Many auto part makers are facing technical hurdles in developing electro-mechanical components that can endure severe temperatures, vibrations, and shocks during the life of the vehicle. Their components are also small, energy-efficient, and lightweight. 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.

Based on Material, 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.

Based on Sales Channel, the market is segmented in OEMs and Aftermarket. The OEMs 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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North America to Grab Lion’s Share

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.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Global Automotive Power Liftgate Market are includes Magna International Inc., Faurecia SE, Huf Group, Aisin Seiko co., Ltd., Robert Bosch GmbH, Continental AG, Grupo Antolin Irausa S.A., Brose Fahrzeugteile, Johnson Electric and Woodbine Manufacturing Co. Inc. etc.

• In August 2021, Magna International Inc. opened a new plant in UK for producing lightweight thermoplastic liftgate modules for the third generation Nissan Qashqai. The thermoplastic liftgate on the new Qashqai is lighter than its steel predecessor, reflecting a growing trend among automakers looking to reduce mass to help improve fuel economy and lower emissions

“Global Automotive Power Liftgate Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go to market strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1. By System Type (Conventional and Hand-Free)
2. By Vehicle Type (Passenger Car and Commercial Vehicle)
3. By Material Type (Metal and Composite)
4. By Sales Channel (OEMs and Aftersales)
5. By Region (North America (United States, Canada, Rest of North America), Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of APAC), and Rest of World)
6. By Company (Magna International Inc., Faurecia SE, Huf Group, Aisin Seiko co., Ltd., Robert Bosch GmbH, Continental AG, Grupo Antolin Irausa S.A., Brose Fahrzeugteile, Johnson Electric and Woodbine Manufacturing Co. Inc.)

Key questions answered in the study:

1. What are the current and future trends of the Global Automotive Power Liftgate industry?
2. How the industry has been evolving in terms of end-user demand and product category?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Global Automotive Power Liftgate industry?
5. What is the customer orientation, purchase behavior, and expectations from the Global Automotive Power Liftgate suppliers across various countries?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 AUTOMOTIVE POWER LIFTGATE MARKET COVID-19 IMPACT

6 AUTOMOTIVE POWER LIFTGATE MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY SYSTEM TYPE

8 MARKET INSIGHTS BY VEHICLE TYPE

9 MARKET INSIGHTS BY MATERIAL TYPE

10 MARKET INSIGHTS BY SALES CHANNEL

11 MARKET INSIGHTS BY REGION

12 AUTOMOTIVE POWER LIFTGATE MARKET DYNAMICS

13 AUTOMOTIVE POWER LIFTGATE MARKET OPPORTUNITIES

14 AUTOMOTIVE POWER LIFTGATE MARKET TRENDS

15 LEGAL & REGULATORY FRAMEWORK

16 DEMAND AND SUPPLY SIDE ANALYSIS

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

19 COMPANY PROFILED

20 DISCLAIMER

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