According to IMARC Group’s latest report, titled “Automotive Tailgate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global automotive tailgate market reached a value of US$ XX Billion in 2020. An automotive tailgate, also known as a hatch, represents a hinged board or door attached at the rear end of the vehicle to provide security to the passengers. It can be moved up or down for loading and unloading of cargo. An automotive tailgate comprises of a rotating latch mechanism, handle, panels, rods, and recesses on the sides. It is used for covering the hinges, lock mechanisms, and electrical wiring of the vehicle. Automotive tailgates are produced utilizing highly functional metals, thermoplastics, polycarbonates, etc., and are widely available in two- and three-layered variants. They are usually operated through hydraulic, power, or manual systems and find applications in commercial and heavy passenger vehicles.
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The expanding automotive industry is one of the primary factors driving the automotive tailgate market across the globe. Furthermore, the escalating vehicle electrification for enhanced security and operational efficiency is also propelling the product demand. Apart from this, the increasing popularity of autonomous and electric vehicles is acting as another significant growth-inducing factor. Moreover, the rising expenditure capacities and shifting preferences of the consumers towards luxury vehicles are expected to fuel the automotive tailgate market in the coming years. Looking forward, IMARC Group expects the global market to continue its robust growth during the forecast period (2021-2026).
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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