Hands-free Power Liftgate Market 2022-2028

Description

List of Tables

Global Hands-free Power Liftgate Market Size, Share & Trends Analysis Report by Vehicle Type (Passenger Vehicles and Commercial vehicles), and by Type (Fully Automatic and Semi-Automatic) Forecast Period (2022-2028)

The global hands-free power liftgate market is anticipated to grow at a substantial CAGR of 8.1% during the forecast period. One of the major factors that are contributing to the market growth is the growing competitiveness in the vehicle industry. The vehicle manufacturers are integrating various features to attract consumers, which has boosted the demand of hand-free power liftgate. Features such as automatic or sensor embedded tailgate which lifts it without using hands, such features are beneficial as consumers can put luggage and parcels without using hands. Thus, it has become a selling point for many users across the globe coupled with increase in offering from several key market players. For instance, in June 2020, Morris Garages (MG) confirmed about its upcoming MG Hector Plus was updated with a hands-free power liftgate feature. The vehicle is expected to launch by the end of 2022.

The global Hands-Free Power liftgate market is segmented based on the vehicle type and type. Based on the vehicle type, the market is segmented into passenger vehicles and commercial vehicles. Based on the type, the market is sub-segmented into fully automatic, and semi-automatic. The above-mentioned segments can be customized as per the requirements. Based on type, the semi-automatic power liftgate is anticipated to propel the growth of the market across the globe, owing to the availability of the feature years before the fully automatic, and it's cheaper compared to the fully automatic power liftgate.

Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Europe is projected to grow significantly during the forecast period owing to the existing large vehicle market which is highly feature rich. As per the data of OICA, 16,921,311 vehicles were produced in the Europe region in 2020 which is the 2nd largest number of vehicles produced across the globe in 2020. Moreover, as per the 2021 annual report of Johnson Electric Holdings Ltd., Europe has a 31% sales share which is 2nd largest region after the Asia Pacific.

The major companies serving the global hands-free power liftgate market include Autoease Technology, Continental AG, Grupo Antolin, Huf Hulsbeck & Furst GmbH & Co., Johnson Electric Holdings Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in September 2020, Hyundai showed its new Tucson 2021 model which was powered with a hands-free power liftgate with an auto-open function.

Research Methodology

The market study of the global hands-free power liftgate market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.
Whitepapers, research papers, and news blogs.
Company websites and their product catalog.

The report provides an in-depth analysis of the market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Hands-free Power Liftgate Market Research and Analysis by Vehicle Type.

2. Global Hands-free Power Liftgate Market Research and Analysis by Type.

The Report Covers:

Comprehensive Research Methodology of the global hands-free power liftgate market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global hands-free power liftgate market.
Insights about market determinants that are stimulating the global hands-free power liftgate market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026415

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Impact of COVID-19 on the Global Hands-Free Power Liftgate Market
Recovery Scenario of Global Hands-Free Power Liftgate Market
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. BY Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. Autoease Technology
  - 3.1.1.1. Overview
  - 3.1.1.2. Financial Analysis
  - 3.1.1.3. SWOT Analysis
  - 3.1.1.4. Recent Developments
- 3.1.2. Continental AG
  - 3.1.2.1. Overview
  - 3.1.2.2. Financial Analysis
  - 3.1.2.3. SWOT Analysis
  - 3.1.2.4. Recent Developments
- 3.1.3. Grupo Antolin
  - 3.1.3.1. Overview
  - 3.1.3.2. Financial Analysis
  - 3.1.3.3. SWOT Analysis
  - 3.1.3.4. Recent Developments
- 3.1.4. Huf Hulsbeck & Furst GmbH & Co.
  - 3.1.4.1. Overview
  - 3.1.4.2. Financial Analysis
  - 3.1.4.3. SWOT Analysis
  - 3.1.4.4. Recent Developments
- 3.1.5. Johnson Electric Holdings Ltd.
  - 3.1.5.1. Overview
  - 3.1.5.2. Financial Analysis
  - 3.1.5.3. SWOT Analysis
  - 3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players

4. Market Segmentation

4.1. Global Hands-free Power Liftgate Market by Vehicle Type
- 4.1.1. Passenger Vehicles
- 4.1.2. Commercial Vehicles
4.2. Global Hands-free Power Liftgate Market by Type
- 4.2.1. Fully Automatic
- 4.2.2. Semi-Automatic

5. Regional Analysis

5.1. North America
- 5.1.1. US
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Brose Fahrzeugteile SE & Co. KG
6.2. Hi-Lex Corp.
6.3. Magna International Inc.
6.4. Stabilus GmbH
6.5. Woodbine Manufacturing Co. Inc. (Tommy Gate)