The new report by Expert Market Research titled, ‘Global Automotive Power Liftgate Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global automotive power liftgate market, assessing the market based on its segments like types, vehicle types, material types, sales channels, and regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators and analysing the market based on the SWOT and Porter’s Five Forces models.
Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/automotive-power-liftgate-market/requestsample
The key highlights of the report include:
Market Overview (2017-2027)
- Historical Market Size (2021): USD 1.8 Billion
- Forecast CAGR (2022-2027): 14%
- Forecast Market Size (2027): USD 3.9 Billion
The automotive power liftgate market is being driven by the growing demand for comfort in the process of loading and unloading the trunk of a vehicle, especially in large vehicles like SUVs. The increased demand for remotely controlled power liftgates is anticipated to aid the market growth in the forecast period. These power liftgates can be controlled with the click of a button on the key fob, on the back door or through an app. Moreover, heightened capital expenditure by the leading market players in the research and development of efficient automotive power liftgates is also estimated to aid the market growth. These factors are expected to drive the market growth in the forecast period.
Industry Definition and Major Segments
Automotive power liftgate refers to a device that allows individuals to operate the rear door with ease. These are motorised hatches that can be operated electronically and also allow hands-free usability. In addition, with the integration of sensors, the rear gates are being developed to open with the help of apps and gestures.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/automotive-power-liftgate-market
The automotive power liftgate market, on the basis of type, can be segmented into:
- Conventional Power Liftgate
- Hands-free Power Liftgate
Based on vehicle type, the industry can be segregated into:
- Hatchback
- Sports Utility Vehicle
- Sedan
- Others
On the basis of material type, the market can be bifurcated into:
Based on sales channel, the industry can be categorised into:
- OEM
- Aftermarket
The regional markets for automotive power liftgate include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
The global automotive power liftgate industry is being driven by the increased demand for passenger vehicles among the consumers. This can be attributed to the rising global population and their subsequent transportation needs. Rapid urbanisation, rising disposable incomes, and the improved standards of living are further estimated to positively impact the market growth. Moreover, the rapid technological advancements such as the development of voice activated power liftgates are also estimated to aid the market growth. The factors are anticipated to augment the market growth in the coming years.
Key Market Players
The major players in the market are Faurecia SE, Magna International Inc., Huf Group, Strattec Security Corporation, Woodbine Manufacturing, Autoease Technology, and Brose Fahrzeugteile, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
Media Contact
Company Name: EMR Inc.
Contact Person: Steven Luke, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com
Read More Reports:
Global Triacetin Market: https://www.expertmarketresearch.com/reports/triacetin-market
Global Screw Compressor Market: https://www.expertmarketresearch.com/reports/screw-compressor-market
Global Automotive Sunroof Market: https://www.expertmarketresearch.com/reports/automotive-sunroof-market
Europe Cloud Computing Market: https://www.expertmarketresearch.com/reports/europe-cloud-computing-market
Global Aerial Work Platform Market: https://www.expertmarketresearch.com/reports/aerial-work-platform-market
North America Waterproofing Market: https://www.expertmarketresearch.com/reports/north-america-waterproofing-market
Also, Check Procurement Intelligence which provides you with Infallible research solutions.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
