U.S. Markets close in 6 hrs 17 mins

At 13.5% CAGR, Global Automotive Power Liftgate Market Size & Share to Surpass USD 3,483.6 Million by 2028 | Industry Trends, Demand, Value, Analysis & Forecast Report by Facts & Factors

·10 min read
Facts & Factors
Facts & Factors

[227+ Pages Report] According to a market research study published by Facts and Factors, the demand analysis of Global Automotive Power Liftgate Market size & share revenue was valued at around USD 1,629.5 million in 2021 and is estimated to grow to about USD 3,483.6 million by 2028, at a CAGR of approximately 13.5% between 2022 and 2028. The key market players are listed in the report with their sales, revenues and strategies are Magna International, Stabilus GmbH, Continental AG, Brose Fahrzeugteile SE & Co. KG, Huf Hulsbeck & Furst GmbH & Co., Strattec Security Corporation, Johnson Electric Holdings Ltd., HI-LEX Corporation, VOXX Electronics Corp, Powder-Packer Corp, Autoease Technology, and Others.

NEW YORK, NY, June 15, 2022 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “Automotive Power Liftgate Market - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2022 – 2028” in its research database.

“According to the latest research study, the demand of global Automotive Power Liftgate Market size & share in terms of revenue was worth of USD 1,629.5 million in 2021 and it is expected to surpass around USD 3,483.6 million Mark, by 2028, growing at a compound annual growth rate (CAGR) of about 13.5% during the forecast period 2022 to 2028.”

What is Automotive Power Liftgate? How big is the Automotive Power Liftgate Industry?

Market Overview:

The power liftgate is a technology for the back door of a vehicle that can be opened and closed by either pressing a button on the dashboard system or by utilising a remote control that is held in the driver's hand. Simply pushing a key allows the operator to open and close the liftgate of the car. It is designed to continue functioning normally even in the event that the network or the power supply fails.

This system is comprised of a number of components, including an electronic control unit, a drive unit, an anti-pinch strip system, a capacitive sensor system, and a power liftgate actuator. The automotive power liftgate market is anticipated to be driven by an increase in demand for electronic and sensor-based components that are used in automobiles.

Get a Free Sample PDF of this Research Report for more Insights with a Table of Content, Research Methodology, and Graphs - https://www.fnfresearch.com/sample/automotive-power-liftgate-market

(A free sample of this report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the Following:

  • Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.

  • The COVID-19 Pandemic Outbreak Impact Analysis is included in the package

  • About 227+ Pages Research Report (Including Recent Research)

  • Provide detailed chapter-by-chapter guidance on Request

  • Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022

  • Includes Tables and figures have been updated

  • The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis

  • Facts and Factors research methodology

(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)

Report Scope

Report Attribute

Details

Market Size in 2021

USD 1,629.5 Million

Projected Market Size in 2028

USD 3,483.6 Million

CAGR Growth Rate

13.5% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Magna International, Stabilus GmbH, Continental AG, Brose Fahrzeugteile SE & Co. KG, Huf Hulsbeck & Furst GmbH & Co., Strattec Security Corporation, Johnson Electric Holdings Ltd., HI-LEX Corporation, VOXX Electronics Corp, Powder-Packer Corp, Autoease Technology, and Others

Key Segment

By Sales Channel, Vehicle Type, Product Type, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

Request customized purchase options to meet your research needs.

Global Automotive Power Liftgate Market: Dynamics

With continued growth in the automotive industry, the automotive power liftgate market is expected to increase significantly internationally. Future automotive technology and improvements, such as a hands-free system for opening and closing back doors, will boost the automotive power liftgate market. The rising demand for luxury vehicles around the world, owing to rising consumer expenditure, is also likely to drive the market over the forecast period. Moreover, some insurance firms provide insurance premium discounts for automobiles that are outfitted with innovative technologies. This aspect is expected to drive the expansion of the automotive power liftgate market. Due to the presence of several competitors in the automotive market, manufacturers confront a number of obstacles.

This competitiveness is heightened by new ideas that result in breakthrough product introductions. Original Equipment Manufacturers (OEMs) are attempting to supply modern technological systems in vehicles in the approaching years, which is a major driver for the automotive power liftgate industry. Furthermore, OEMs are focused on long-term collaborations with automotive manufacturers in order to improve material quality and build unique systems. In the next years, this aspect is projected to drive the automobile power liftgate market. However, the initial cost of these systems is substantial, which raises the cost of the car, thereby impeding the growth of the automotive power liftgate market.

Browse the full “Automotive Power Liftgate Market By Sales Channel (OEM, Aftermarket), By Vehicle Type (Passenger Vehicle, Commercial Vehicle), By Product Type (Automatic, Semi-Automatic), and By Region - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast 2022 – 2028” Report at https://www.fnfresearch.com/automotive-power-liftgate-market

Automotive Power Liftgate Market: COVID-19 Impact Analysis

In the automobile industry, the COVID-19 outbreak has caused damage. Most people are remaining at home as a result of the ongoing lockdowns, government laws, and the spread of the coronavirus, and industries have been forced to close for a few days due to a shortage of output, workers, and manufacturing materials. As production decreases, demand for power liftgates decreases.

Supply chain disruptions and a lack of microchips required for the development of hands-free power liftgates have been caused by the COVID-19 outbreak. Due to a shortage of electrical components and limited inventories, several automobile manufacturers have had to postpone vehicle manufacturing. Vehicle manufacturers have been forced to remove features like hands-free power liftgates until the microchip problem is rectified due to a shortage of electronic components.

Automotive Power Liftgate Market: Segmentation Overview

The automotive power liftgate market is segregated based on Sales Channel, Vehicle Type, and Product Type.

Vehicle Type Segment Analysis

  • In terms of Vehicle Type, the passenger car segment has the biggest market share. The increased demand for passenger automobiles globally is expected to drive market growth during the forecast period.

  • This can be attributable to the growing global population and the resulting transportation needs. Furthermore, increased disposable incomes and higher living standards are expected to contribute significantly to market growth.

  • Quick technical breakthroughs and increasing investments by major market players in automotive power liftgate research and development are likely to boost industry expansion.

  • These factors are expected to have a beneficial impact on market growth throughout the forecast period.

Product Type Segment Analysis

  • In terms of Product Type, the Automatic power liftgate category is expected to have a sizable market share in the automotive power liftgate industry.

  • This increase can be ascribed to the greater deployment of automotive power liftgates, which can be controlled remotely or hands-free to open and close rear doors in a variety of vehicles, as demand for passenger comfort in automobiles rises.

  • The Automatic power liftgates make freight loading and unloading easier.

Directly Purchase a copy of the report with TOC @ https://www.fnfresearch.com/buynow/su/automotive-power-liftgate-market

Competitive Landscape

Some of the main competitors dominating the global automotive power liftgate market include -

  • Magna International

  • Stabilus GmbH

  • Continental AG

  • Brose Fahrzeugteile SE & Co. KG

  • Huf Hulsbeck & Furst GmbH & Co.

  • Strattec Security Corporation

  • Johnson Electric Holdings Ltd.

  • HI-LEX Corporation

  • VOXX Electronics Corp

  • Powder-Packer Corp

  • Autoease Technology

Key Insights from Primary Research:

  • As per the analysis shared by our research analyst, the Automotive Power Liftgate market is estimated to grow at a CAGR of around 13.5% from 2022 to 2028.

  • In Terms Of Revenue, The Demand for Global Automotive Power Liftgate Market was valued at around USD 1,629.5 million in 2021 and is projected to reach USD 3,483.6 million, by 2028.

  • Based on Vehicle Type, the passenger car segment currently dominates the automotive power liftgate industry, and it is anticipated that this trend will continue during the forecast period.

  • Based on sales channel, the OEMs are aiming to supply new technological solutions in vehicles in the coming years, which is a primary driver for the automotive power liftgate market.

  • On the basis of region, North America is likely to dominate the automotive power liftgate industry because of the growing demand for luxury vehicles in the United States and Canada.

Have Any Query? Ask Our Experts: https://www.fnfresearch.com/inquiry/automotive-power-liftgate-market

Key questions answered in this report:

  • What is the market size and growth rate forecast for Automotive Power Liftgate industry?

  • What are the main driving factors propelling the Automotive Power Liftgate Market forward?

  • What are the leading companies in the Automotive Power Liftgate Industry?

  • What segments does the Automotive Power Liftgate Market cover?

  • How can I receive a free copy of the Automotive Power Liftgate Market sample report and company profiles?

Regional Overview:

The Asia Pacific region is expected to account for a sizable portion of the automobile power liftgate business throughout the projected period. This increase can be ascribed to the region's expanding population and increased demand for passenger vehicles. Furthermore, increased disposable incomes and improving living standards are likely to contribute to market growth.

The region is the primary market for several global and local car manufacturers and tier players, with automotive exterior component makers collaborating with OEMs to produce next-generation liftgates for their future automobiles. Furthermore, the presence of the region's major industry players is expected to help market growth. Meanwhile, the vehicle power liftgate sector is expected to rise as a result of increased OEM investments in the automobile industry.

Request for Customization on this Report as per your requirements - https://www.fnfresearch.com/customization/automotive-power-liftgate-market

(We tailor your report to meet your specific research requirements. Inquire with our sales team about customising your report.)

The global automotive power liftgate market is segmented as follows:

By Sales Channel

  • OEM

  • Aftermarket

By Vehicle Type

  • Passenger Vehicle

  • Commercial Vehicle

By Product Type

  • Automatic

  • Semi-Automatic

By Region

  • North America

    • U.S.

    • Canada

    • Rest of North America

  • Europe

    • France

    • UK

    • Spain

    • Germany

    • Italy

    • Rest of Europe

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Rest of Asia Pacific

  • The Middle East & Africa

    • Saudi Arabia

    • South Africa

    • Rest of the Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

To know an additional revised 2022 list of market players, request a sample report: https://www.fnfresearch.com/sample/automotive-power-liftgate-market

Browse Other Related Research Reports from Facts & Factors:

Automotive Parts Die Casting (Aluminum, Magnesium, and Zinc) Market By Method (Squeeze Die Casting, Vacuum Die Casting, Pressure-Die Casting, and Others), By Use (Transmission & Suspension, Engine, and Brakes & Wheels), By Mode of Transport (Heavy Commercial Vehicles, Light Commercial Vehicles, Two-wheelers, and Passenger Cars), By Component (Aluminum, Magnesium, and Zinc), and By Region - Global and Regional Market Overview, Market Insights, Holistic Analysis, Historical Data, and Forecast 2022–2028

Automotive Wrap Films Market By Film Type (Window Films, Wrap Films, & Pain Protection Films), By Vehicle Type (Passenger Cars, Commercial Vehicles, & Heavy Commercial Vehicles), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026

Automotive Ethernet Market By Component (Hardware, Software, & Services), By Bandwidth (10 Mbps, 100 Mbps, 1 Gbps, & 2.5/5/10 Gbps), By Application (Advanced Driver Assistance Systems (ADAS), Infotainment, Powertrain, Body & Comfort, & Chassis), By Vehicle Type (Passenger Cars, Commercial Cars, & Farming & Off-Highway Vehicles), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026

Automotive Lighting Market By Application (Front Lighting, Side Lighting, Rear Lighting, & Interior Lighting), By Technology (LED, Halogen, & Xenon), By Vehicle Type (Passenger Cars & Commercial Vehicles), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026

Automotive Relay Market By Product (PCB Relay, Plug-In Relays, High Voltage Relay, & Others), By Vehicle Type (Passenger Vehicles, Commercial Vehicles, & Electric Vehicles), By Application (Resistive Loads, Capacitive Loads, & Inductive Loads), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 - 2026

Automotive Pumps Market By Pump Type (Transmission Pump, Fuel Pump, Oil Pump, Steering Pump, Water Pump, Windshield Pump, Vacuum Pump, & Injection Pump), By Sales Channel (OEM & Aftermarket), By Technology (Mechanical Pump & Electrical Pump), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, &Heavy Commercial Vehicles), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 - 2026

About Facts & Factors:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.

Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Follow Us on LinkedIn: https://www.linkedin.com/company/fnfresearch

Follow Us on Twitter: https://twitter.com/fnfresearch

Follow Us on Facebook: https://www.facebook.com/factsandfactors/

Contact Us:

Sanu Thomas

USA: +1 347 690-0211

United Kingdom: +44 2032 894158

Japan: +81 50 5806 9039

India: +91 96043 17127

Email: sales@fnfresearch.com

Web: https://www.fnfresearch.com

Blog: http://fnfnewsblog.com