Market Overview:
The global power liftgate market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for SUVs, sedans & hatchbacks, and MPVs across the globe. Additionally, rising disposable income and technological advancements are also contributing to the growth of this market. The hydraulic power liftgate segment is expected to dominate the global power liftgate market during the forecast period owing to its low cost and easy installation as compared to electric power liftgates.
Product Definition:
A power liftgate is a motorized door that opens and closes the trunk of a vehicle. The importance of power liftgates comes down to convenience. They make it easy for drivers to access the cargo area of their vehicle without having to open the entire trunk lid. This is especially helpful if your hands are full or you have a lot of cargo to carry. Power liftgates can also be helpful in preventing back injuries, as they reduce the amount of strain required to open and close a traditional trunk lid.
Hydraulic Power Liftgate:
The hydraulic power liftgate is a new technology that has been gaining acceptance in the automotive industry. It is an innovative solution to open and close the liftgate window by using hydraulic fluid rather than mechanical systems. The system works through two interlocking panels, which are hinged at the bottom and top edge respectively.
Electric Power Liftgate:
Electric power liftgate is a feature that allows the driver to open the tailgate without using the key or pressing a button on the remote. It can be operated by sensing an approaching vehicle, when it is within approximately 6 inches of the sensor and also requires less than 20-30 seconds to respond to an approach.
Application Insights:
The SUV segment accounted for the largest revenue share of over 40% in 2017. The demand for these vehicles is generally higher in urban areas, which makes them susceptible to thefts and robberies. Power liftgates provide safety to passengers by lifting the vehicle¢â‚¬â„¢s rear door upward when a button on the remote control is pressed. This feature allows quick exit without waiting for the doors to open manually, thereby reducing risks associated with vehicle theft or robbery. Moreover, such gates are installed at both ends of an SUV so that they can be opened from either side thus making it convenient and safe during alighting from an SUV or entering a parking space from its rear end.
The Sedan &Hatchback segment is expected register significant growth over the forecast period owing to increasing sales of passenger cars in developing countries including China India.
Regional Analysis:
The Asia Pacific region accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from countries, such as China, India, Japan and South Korea. These countries are among the top 10 automobile manufacturing nations globally. Additionally, increasing per capita income levels coupled with rapid urbanization in these regions will drive product adoption further.
North America is projected to witness significant growth over the forecast period owing to an increase in consumer preference towards power liftgates that offer enhanced safety features along with superior convenience compared to their manual counterparts. Moreover, stringent government regulations mandating airbags on all new vehicles sold since 2011 have also contributed significantly toward regional market growth since they provide consumers a sense of security while driving down-marketing costs for manufacturers alike.
Europe was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for luxury and convenience features in automobiles
- Growing urbanization and the consequent increase in the number of vehicles per household
- Rising income levels of consumers in developing countries
- Proliferation of electric vehicles, which need a power liftgate to open and close the boot lid automatically
- Technological advancements that make power liftgates more efficient, reliable, and affordable
Scope Of The Report
Report Attributes
Report Details
Report Title
Power Liftgate Market Research Report
By Type
Hydraulic Power Liftgate, Electric Power Liftgate
By Application
SUV, Sedan & Hatchback, MPV, Other Vehicle
By Companies
Tesla, Strattec Power Access, Bosch, Johnson Electric, Ford Motor Company, General Motors Company, Honda Motor Company, Magna International Inc., Meridian Lightweight Technologies, Plastic Omnium Group, Tesla, Trinseo S.A. Volkswagen Group, Volkswagen Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Power Liftgate Market Report Segments:
The global Power Liftgate market is segmented on the basis of:
Types
Hydraulic Power Liftgate, Electric Power Liftgate
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
SUV, Sedan & Hatchback, MPV, Other Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tesla
- Strattec Power Access
- Bosch
- Johnson Electric
- Ford Motor Company
- General Motors Company
- Honda Motor Company
- Magna International Inc.
- Meridian Lightweight Technologies
- Plastic Omnium Group
- Tesla
- Trinseo S.A. Volkswagen Group
- Volkswagen Group
Highlights of The Power Liftgate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hydraulic Power Liftgate
- Electric Power Liftgate
- By Application:
- SUV
- Sedan & Hatchback
- MPV
- Other Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Power Liftgate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A power liftgate is a feature on some SUVs and trucks that opens automatically when the vehicle is started. This allows larger items, such as a boat or trailer, to be loaded quickly and easily.
Some of the major companies in the power liftgate market are Tesla, Strattec Power Access, Bosch, Johnson Electric, Ford Motor Company, General Motors Company, Honda Motor Company, Magna International Inc., Meridian Lightweight Technologies, Plastic Omnium Group, Tesla, Trinseo S.A. Volkswagen Group, Volkswagen Group.
The power liftgate market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Power Liftgate Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Power Liftgate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Power Liftgate Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Power Liftgate Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Power Liftgate Market Size & Forecast, 2018-2028
4.5.1 Power Liftgate Market Size and Y-o-Y Growth
4.5.2 Power Liftgate Market Absolute $ Opportunity
Chapter 5 Global Power Liftgate Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Power Liftgate Market Size Forecast by Type
5.2.1 Hydraulic Power Liftgate
5.2.2 Electric Power Liftgate
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Power Liftgate Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Power Liftgate Market Size Forecast by Applications
6.2.1 SUV
6.2.2 Sedan & Hatchback
6.2.3 MPV
6.2.4 Other Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Power Liftgate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Power Liftgate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Power Liftgate Analysis and Forecast
9.1 Introduction
9.2 North America Power Liftgate Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Power Liftgate Market Size Forecast by Type
9.6.1 Hydraulic Power Liftgate
9.6.2 Electric Power Liftgate
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Power Liftgate Market Size Forecast by Applications
9.10.1 SUV
9.10.2 Sedan & Hatchback
9.10.3 MPV
9.10.4 Other Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Power Liftgate Analysis and Forecast
10.1 Introduction
10.2 Europe Power Liftgate Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Power Liftgate Market Size Forecast by Type
10.6.1 Hydraulic Power Liftgate
10.6.2 Electric Power Liftgate
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Power Liftgate Market Size Forecast by Applications
10.10.1 SUV
10.10.2 Sedan & Hatchback
10.10.3 MPV
10.10.4 Other Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Power Liftgate Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Power Liftgate Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Power Liftgate Market Size Forecast by Type
11.6.1 Hydraulic Power Liftgate
11.6.2 Electric Power Liftgate
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Power Liftgate Market Size Forecast by Applications
11.10.1 SUV
11.10.2 Sedan & Hatchback
11.10.3 MPV
11.10.4 Other Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Power Liftgate Analysis and Forecast
12.1 Introduction
12.2 Latin America Power Liftgate Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Power Liftgate Market Size Forecast by Type
12.6.1 Hydraulic Power Liftgate
12.6.2 Electric Power Liftgate
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Power Liftgate Market Size Forecast by Applications
12.10.1 SUV
12.10.2 Sedan & Hatchback
12.10.3 MPV
12.10.4 Other Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Power Liftgate Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Power Liftgate Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Power Liftgate Market Size Forecast by Type
13.6.1 Hydraulic Power Liftgate
13.6.2 Electric Power Liftgate
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Power Liftgate Market Size Forecast by Applications
13.10.1 SUV
13.10.2 Sedan & Hatchback
13.10.3 MPV
13.10.4 Other Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Power Liftgate Market: Competitive Dashboard
14.2 Global Power Liftgate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tesla
14.3.2 Strattec Power Access
14.3.3 Bosch
14.3.4 Johnson Electric
14.3.5 Ford Motor Company
14.3.6 General Motors Company
14.3.7 Honda Motor Company
14.3.8 Magna International Inc.
14.3.9 Meridian Lightweight Technologies
14.3.10 Plastic Omnium Group
14.3.11 Tesla
14.3.12 Trinseo S.A. Volkswagen Group
14.3.13 Volkswagen Group
