Global Power Liftgate Market Size, Forecasts, And Opportunities – Includes Power Liftgate Market Analysis
Learn about the global power liftgate market through The Business Research Company, which provides information on power liftgate market size, power liftgate market drivers and restraints, power liftgate market players, the COVID-19 impact on the power liftgate market, and more.
The global power liftgate market size is expected to grow from $2.26 billion in 2021 to $2.49 billion in 2022 at a compound annual growth rate (CAGR) of 10.50%. The global power liftgates market size is expected to grow to $3.85 billion in 2026 at a CAGR of 11.51%.
The rise in the adoption of electric vehicles is expected to drive the demand for the power liftgate market.
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The power liftgate market consists of sales of power liftgates by entities (organizations, sole traders, partnerships) that refer to a motorized hatch which opens and closes electronically. Hands-free opening and shutting can be achieved using the digital access system and/or a capacitive kick sensor incorporated into the bumper. The liftgate or trunk can also be opened or closed using the buttons on the lid or the key fob.
Global Power Liftgate Market Segments Include:
By System Type: Hands-Free, Conventional
By Type: Passenger Vehicle, Commercial Vehicle
By Material: Metal, Composite
By Sales Channel: OEM, Aftermarket
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the power liftgate market in 2021.
Technological advancement in power liftgates is a key trend gaining popularity in the power liftgate market. Technologically advanced power liftgates include smart or hands-free power liftgates that are powered by sensors, control units, and other functions enabling hands-free opening and closing for convenient use. Key players are keenly focused on providing these technologically advanced power liftgates to acquire more customers and penetrate the market for additional business.
TBRC’s power liftgate market report covers:
Major Market Players: Aisin Corporation, Autoease Technology, Brose Fahrzeugteile GmbH & Co. KG, Grupo Antolin, Johnson Electric, Magna International Inc, Woodbine Manufacturing Co Inc, HI-LEX Corporation, Strattec Security Corporation, Power-Packer Corporation, Mitsuba Corporation, Igarashi Electric Works Ltd, Plastic Omnium Group, Continental AG and Tesla Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Power Liftgate Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides power liftgate market overviews, analyzes and forecasts market size, share, power liftgate market players, power liftgate market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s power liftgate market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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