PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1314931
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1314931
According to SPER Market Research, 'Automotive Tailgate Market Size- By Product Type, By Material Type, By Vehicle Type, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Automotive Tailgate Market is predicted to reach USD 24.46 billion by 2033 with a CAGR of 5.52%.
The automotive tailgate is a crucial rear access point for vehicles, providing entry to the cargo or storage area. It is an essential component in pickup trucks, SUVs, and vehicles with rear storage compartments, prioritizing vehicle safety by withstanding impacts. Tailgates have diverse applications in passenger and commercial vehicles, ensuring secure storage. Made from materials like steel, aluminium, or composites, tailgates are chosen based on factors such as strength, weight, cost, and design considerations.
The Global Automotive Tailgate Market was significantly affected by the COVID-19 pandemic, experiencing notable consequences. The pandemic resulted in disruptions across the global supply chain, posing challenges in terms of sourcing raw materials, components, and finished products. Measures such as lockdowns, factory closures, and travel restrictions had detrimental effects on the production and distribution of automotive tailgates. Consequently, the market encountered significant disruptions as a result of these pandemic-induced supply chain challenges.