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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

Covid-19

Global Automotive Power Liftgate Market Size, Share

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Insights

[227+ Pages Report] According to Facts and Factors, the Global Automotive Power Liftgate Market was valued at USD 1,629.5 million in 2021 and is predicted to increase at a CAGR of 13.5% to USD 3,483.6 million by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries. The report analyses the global automotive power liftgate market’s drivers and restraints, as well as the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the automotive power liftgate market.

logoMarket Overview

The power liftgate is a car back door mechanism that may be opened and closed using a hand-held remote or by pushing a key on the dashboard system. The user may open and close the vehicle liftgate by pressing a key. It is intended for fail-safe operation 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 are all part of this system. Growth in demand for electronic and sensor-based components in vehicles is expected to fuel the automotive power liftgate market.

logo Growth Drivers

Factors such as increased technological breakthroughs and innovation in the vehicle industry are expected to create a plethora of chances for power liftgate producers. 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. The increased customer desire for a comfortable and dependable driving experience is projected to increase the demand for a power liftgate. Moreover, several automobile manufacturers are including power litigates into their vehicle models with innovations and creativity, which is expected to increase demand for the power liftgate.

The shortage of qualified operators, as well as component reliability difficulties and high-cost configuration for the development of power liftgates, may limit market revenue growth. Sensors, actuators, and other electronic devices are integrated into a single unit, resulting in a higher price, which raises the product's manufacturing cost. The sensing mechanism's quality was harmed as a result of inconsistent maintenance and bad handling.

logo COVID – 19 Impact

The COVID-19 epidemic has struck mayhem in the automobile sector. Due to continued lockdowns, government laws, and the spread of the coronavirus, most people are staying at home, and industries have been shut down for a few days due to a lack of output, staff, and manufacturing materials. Demand for the power liftgate business falls as output falls.

The COVID-19 epidemic has caused supply chain interruptions and a shortage of microchips needed for the development of hands-free power liftgates. Several automobile manufacturers encountered a shortage of electronic components and restricted inventory, causing vehicle production to be delayed. Due to a lack of electronic components, vehicle makers have been compelled to remove features such as hands-free power liftgates until the microchip issue is resolved.

logoSegmentation Analysis

The Automotive Power Liftgate Market is segregated based on Sales Channel, Vehicle Type, and Product Type.

In terms of Vehicle Type, the passenger car segment dominates the automotive power liftgate market and is projected to continue to do so over the forecast period. Increased passenger vehicle sales and production in developing countries have contributed to the market's rise in the passenger car category. Over the projection period, the commercial vehicle segment is also expected to rise strongly in this market.

In terms of sales channel, 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.

logoReport 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

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logoRegional Landscape

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. The burgeoning market for luxury vehicles, as well as increased demand for electric vehicles, are expected to drive market expansion in this area. The presence of OEMs in this region is substantially investing in autonomous vehicles, which is propelling market growth in this region.

The Asia Pacific is predicted to provide a significant share during the forecast period, owing to rising disposable income among the region's middle-class population, as well as high living standards and rising automotive sales. These elements are expected to increase demand for vehicle power liftgates in the coming years. Due to the vast number of automobile manufacturers in the region, Europe also has a significant portion of the automotive power liftgate market.

logoCompetitive Landscape

The report contains qualitative and quantitative research on the automotive power liftgate market and detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.

logoList of Key Players in the Automotive Power Liftgate Market:

  • 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

The global automotive power liftgate market is segmented as follows:

logoBy Sales Channel Segment Analysis

  • OEM
  • Aftermarket

logoBy Vehicle Type Segment Analysis

  • Passenger Vehicle
  • Commercial Vehicle

logoBy Product Type Segment Analysis

  • Automatic
  • Semi-Automatic

logoBy Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

Covid-19

Automotive Power Liftgate Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Major 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 
     

Frequently Asked Questions

The global automotive power liftgate market is predicted to increase at a CAGR of 13.5% during the forecast year.
The global automotive power liftgate market is expected to reach USD 3,483.6 Million by 2028, growing at a CAGR of 13.5% during forecast period.
Some of the key factors driving the global automotive power liftgate market growth includes, increased technological breakthroughs & innovation in the vehicle industry, rising demand for luxury vehicles around the world, and rising consumer expenditure.
North America is expected to witness maximum growth for global automotive power liftgate market during forecast period.
Some of the major companies operating in the global automotive power liftgate market 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 among others.
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