Power Liftgate Market Research Report and Growth Analysis 2022 By System Type (Conventional and Hands-Free Power Liftgate), Vehicle Type (Passenger Car and Commercial Vehicle), Sales Channel (OEM And Aftermarket) and Region (North America, Europe, Asia-Pacific, and RoW) – Forecast till 2030:
By 2026, the electric liftgate industry is expected to be worth more than 5 billion USD, growing at a 6% CAGR.
Using a portable remote control or a button on the dashboard device, the power Liftgate is a car rear door mechanism. By depressing a button, the operator may both open and close the liftgate of the automobile. It is built to function safely even if the connections or electricity go down. This mechanism comprises a drive unit, a capacitive sensor system, anti-pinch strips, and a power liftgate actuator. It also contains an electronics controlling component.
Because of its anti-corrosion features, this electric liftgate guarantees longevity and flawless operation of the back entrance. By 2026, the power liftgate market is projected to be worth more than 5 billion USD growing at a 6% CAGR. The worth of the automobile-powered liftgate sector is growing as a result of the introduction of cutting-edge technology and developments.
Key Players
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The COVID-19 epidemic has had a particularly severe impact on the car industry. The majority of individuals remain in the house as a result of governmental rules, ongoing shutdowns, as well as the spreading of the coronavirus, while businesses are closed for a few days owing to a shortage of supplies, labor, and industrial resources. As output declines, so does the need in the industry for powered liftgates.
China provides the essential resources required to make automobiles. However, the coronavirus epidemic has caused items from China to be prohibited and the supply chain to be interrupted, which reduces industry income. Following brief shutdowns, the industry’s expansion picks up pace slowly.
Power Liftgate Market segmentation:
This market is segmented into three major groups that are type of system, vehicle type, and in last sales channel.
The power liftgate market is divided into refurbished and OEM segments according to the selling route. Out of these two, aftermarket is predicted to hold the highest growth over the projection timeframe for its expansion of the e-commerce industry in growing and emerging areas.
The powered liftgate industry is divided into two categories depending just on the kind of vehicle: passenger cars and commercial vehicles. Between these two segments, the commercial vehicle category has the biggest industry proportion. Because of its strong consumer vehicle revenues and increased demands for SUVs with powered liftgates, it is anticipated to have modest expansion worldwide throughout the projection timeframe.
The powered liftgate industry is split into two types of systems: traditional and hands-free. The traditional category is anticipated to increase significantly among these.
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Report Scope:
Report Metrics |
Details |
Market Size |
2026: USD 5 Billion |
CAGR |
6% CAGR (2022-2030) |
Base Year |
2021 |
Forecast Period |
2022-2030 |
Historical Data |
2019 & 2020 |
Forecast Units |
Value (USD Million) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Power Liftgate Market Regional classification:
The four areas that make up the powered liftgate industry perspective are Asia-Pacific, Europe, North America, and the rest of the world. Asia-Pacific is one of these areas that the nation expects to expand the fastest. So, because the majority of the population in this area is medium income, there is a higher need for automobiles with powered liftgates, such as SUVs and automobiles.
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