Automotive Power Liftgate Market

The global Automotive Power Liftgate market was valued at 1279.42 Million USD in 2021 and will grow with a CAGR of 14.2% from 2021 to 2027, based on newly published report.

The prime objective of Automotive Power Liftgate Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Automotive Power Liftgate Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Automotive Power Liftgate Market focuses on the Automotive Power Liftgate market. A power tailgate system is a device that aids the opening and closing a car`s tailgate or boot lid automatically. The tailgate can be opened and closed by pressing a button in the dashboard, using a remote controller, or through gestures, which are tracked by sensors placed beneath the rear bumper. The system consists of mechatronic components that are enclosed in a power assembly comprising electric latches, component carriers, and closures for opening and closing of the tailgate.The global production of the Power Liftgate is about 2381 K units, Europe is the largest production region, the Europe occupies about 52% of the market share in 2016, the second largest region is North America, North America occupies about 27% market share, the Asia has little production, it only occupies about 15% market share; the largest company is brose, it occupies about 53% of the market share, the second largest company is Huf; The main factors pushing for the healthy growth of this market is the increasing need for safety, performance, stability, and comfort. Additionally, various governmental agencies are pushing for a standard deployment of advanced driver assistance systems (ADAS), use of active safety systems, anti-intrusion and anti-theft systems, and automatic emergency braking systems. Additionally, with the increasing penetration of electric vehicles, this market is set to grow at a healthy rate through the forecast period.

By Market Verdors:

• Brose
• Huf
• Magna
• HI-LEX
• Aisin
• STRATTEC

By Types:

• Conventional Power Liftgate
• Hands-Free Power Liftgate

By Applications:

• SUV
• Sedan

Key Indicators Analysed

• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

• To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
• Assess the production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
• Learn about the market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for the market.
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