Power Liftgate Global Market Report 2024

Description

“Power Liftgate Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on power liftgate market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for power liftgate? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The power liftgate market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By System Type: Hands-Free; Conventional
2) By Type: Passenger Vehicle; Commercial Vehicle
3) By Material: Metal; Composite
4) By Sales Channel: OEM; Aftermarket
Companies Mentioned: Aisin Corporation; Autoease Technology; Brose Fahrzeugteile GmbH & Co. KG; Grupo Antolin Pvt. Ltd.; Johnson Electric Pvt. Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

A power liftgate refers to a motorized hatch that can be electronically opened and closed. Hands-free operation can be achieved using a digital access system and/or a capacitive kick sensor incorporated into the bumper. Additionally, the liftgate or trunk can be operated through buttons on the lid or the key fob.

The main types of systems in the power liftgate market are hands-free and conventional. The hands-free liftgate is a smart feature that allows users to open and close the liftgate with a simple kick of the foot. This feature is utilized in both passenger vehicles and commercial vehicles and is constructed using materials such as metal and composite. Power liftgates are sold through sales channels including OEM (Original Equipment Manufacturer) and aftermarket.

The power liftgate market research report is one of a series of new reports from The Business Research Company that provides power liftgate market statistics, including power liftgate industry global market size, regional shares, competitors with a power liftgate market share, detailed power liftgate market segments, market trends and opportunities, and any further data you may need to thrive in the power liftgate industry. This power liftgate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The power liftgate market size has grown rapidly in recent years. It will grow from $2. 8 billion in 2023 to $3. 14 billion in 2024 at a compound annual growth rate (CAGR) of 12. 3%. The growth observed in the historical period can be attributed to various factors, including consumer demand for convenient features, safety considerations, trends in luxury vehicle features, and adherence to regulatory standards within the automotive industry.

The power liftgate market size is expected to see rapid growth in the next few years. It will grow to $4. 88 billion in 2028 at a compound annual growth rate (CAGR) of 11. 7%. The anticipated growth in the forecast period can be attributed to the rise of electric vehicles and the increasing integration of smart connectivity features in automotive technology. Key trends expected during this period include a focus on customization, innovations in materials and design, and the expansion of the power liftgate market.

The demand for power liftgates is expected to be driven by the increasing adoption of electric vehicles. Electric vehicles utilize one or more electric motors for propulsion, and power liftgates are integral components in these vehicles. The automotive industry's technological advancements, particularly the incorporation of hands-free tailgate opening features, enhance the utility of power liftgates. As the automotive sector, particularly electric vehicles, increasingly relies on auto-operated components like power liftgates, the growing adoption of electric vehicles is anticipated to boost the demand for power liftgates. In September 2022, the International Energy Agency reported a significant surge in electric vehicle sales, reaching 6. 6 million in 2021, nearly double the figures from 2020. This accounted for almost 9% of total vehicle sales, with the total number of electric vehicles on the road reaching 16. 5 million, reflecting a 4% increase in 2021.

The power liftgate market is expected to experience growth due to the increasing sales of luxury vehicles. Luxury vehicles, renowned for their superior comfort, advanced features, and premium materials, often incorporate power liftgates to provide a convenient and sophisticated experience. Power liftgates in luxury vehicles offer hands-free access to the cargo area, contributing to an enhanced user experience. In December 2022, Cox Automotive reported a rise in the share of luxury vehicle sales, reaching 18. 2% in November, up from 17. 8% in October, indicating a historically high presence. This uptick in luxury vehicle sales is a driving factor for the growth of the power liftgate market.

A key trend in the power liftgate market is technological advancement in these systems. Technologically advanced power liftgates, including smart or hands-free variants, leverage sensors, control units, and other functionalities to enable hands-free opening and closing. Major players in the market are actively working on delivering technologically advanced power liftgates to attract more customers and expand their market presence. For example, German automotive supplier Brose Fahrzeugteile GmbH & Co. KG offers advanced power liftgate drives equipped with additional functions such as a liftgate drive, sensors, latch with power cinching unit, control unit, and anti-trap protection.

Major companies in the power liftgate market are focusing on developing hands-free, foot-activated liftgates. These innovative liftgates provide effortless access to a vehicle's cargo area, emphasizing convenience and minimizing physical effort. Ford Motor Company introduced a hands-free, foot-activated liftgate in June 2022. This feature enables users to operate the liftgate without manual hand or button manipulation, utilizing sensors that generate an electric field. The liftgate offers alternative operation methods, including using the key fob, a button on the instrument panel, or a button in the liftgate handle beneath the license plate. Users can also customize the liftgate's opening height, and it includes safety features like automatic reversal if an obstacle is detected during the opening or closing motion.

In April 2021, AISIN Seiki Co Ltd., one of the world's largest Tier One automotive suppliers, and its subsidiary AISIN AW Co Ltd merged their business operations to establish AISIN Corporation. This merger aims to strengthen the company's commitment to delivering the next generation of mobility and enhancing customer experience with both current products and future technologies. AISIN Corporation, a Japanese entity, is involved in developing and producing components and systems, including tailgate systems for the automotive industry.

Major companies operating in the in the power liftgate market report are Aisin Corporation, Autoease Technology, Brose Fahrzeugteile GmbH & Co. KG, Grupo Antolin Pvt. Ltd., Johnson Electric Pvt. Ltd., Anthony Liftgates Inc., Maxon Lift Corp., Dhollandia, Waltco Lift Corp., Tommy Gate, Thieman Tailgates Inc., Leyman Manufacturing Corporation, Palfinger AG, Eaglelift Inc., Anteo Tail lifts Ltd., Zepro Tail lift Pvt. Ltd., Interlift Engineers, Bar Cargolift, Ricon Corp., Ross & Bonnyman Ltd., Sorensen Hydraulik GmbH, Tieman Industries Pty. Ltd., Venco Venturo Industries LLC, Woodbine Manufacturing Company, Zequip, Cargotec Oyj, Del Liftgates Inc., Maxilift Inc., Periyar Hydraulic Equipments, Rishita Engineers

North America was the largest region in the power liftgate market in 2023. The regions covered in the power liftgate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the power liftgate market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The power liftgate market consists of sales of tuck-under, cantilever, and rail-lift. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r10527

1. Executive Summary

2. Power Liftgate Market Characteristics

3. Power Liftgate Market Trends And Strategies

4. Power Liftgate Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Power Liftgate Market Size and Growth

5.1. Global Power Liftgate Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Power Liftgate Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Power Liftgate Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Power Liftgate Market Segmentation

6.1. Global Power Liftgate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Passenger Vehicle
Commercial Vehicle
6.2. Global Power Liftgate Market, Segmentation By System Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Hands-Free
Conventional
6.3. Global Power Liftgate Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
OEM
Aftermarket

7. Power Liftgate Market Regional And Country Analysis

7.1. Global Power Liftgate Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Power Liftgate Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Power Liftgate Market

8.1. Asia-Pacific Power Liftgate Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Power Liftgate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Power Liftgate Market, Segmentation By System Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. 4. Asia-Pacific Power Liftgate Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Power Liftgate Market

9.1. China Power Liftgate Market Overview
9.2. China Power Liftgate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Power Liftgate Market, Segmentation By System Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9. 4. China Power Liftgate Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Power Liftgate Market

10.1. India Power Liftgate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Power Liftgate Market, Segmentation By System Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Power Liftgate Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Power Liftgate Market

11.1. Japan Power Liftgate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Power Liftgate Market, Segmentation By System Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Power Liftgate Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Power Liftgate Market

12.1. Australia Power Liftgate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Power Liftgate Market, Segmentation By System Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Power Liftgate Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Power Liftgate Market

13.1. Indonesia Power Liftgate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Power Liftgate Market, Segmentation By System Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Power Liftgate Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Power Liftgate Market

14.1. South Korea Power Liftgate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Power Liftgate Market, Segmentation By System Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Power Liftgate Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Power Liftgate Market

15.1. Western Europe Power Liftgate Market Overview
15.2. Western Europe Power Liftgate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Power Liftgate Market, Segmentation By System Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. 4. Western Europe Power Liftgate Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Power Liftgate Market

16.1. UK Power Liftgate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Power Liftgate Market, Segmentation By System Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Power Liftgate Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Power Liftgate Market

17.1. Germany Power Liftgate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Power Liftgate Market, Segmentation By System Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Power Liftgate Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Power Liftgate Market

18. 5. France Power Liftgate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 6. France Power Liftgate Market, Segmentation By System Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 7. France Power Liftgate Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Power Liftgate Market

19. 9. Italy Power Liftgate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Power Liftgate Market, Segmentation By System Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Power Liftgate Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Power Liftgate Market

20.13. Spain Power Liftgate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Power Liftgate Market, Segmentation By System Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Power Liftgate Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Power Liftgate Market

21.1. Eastern Europe Power Liftgate Market Overview
21.2. Eastern Europe Power Liftgate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Power Liftgate Market, Segmentation By System Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. 4. Eastern Europe Power Liftgate Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Power Liftgate Market

22.1. Russia Power Liftgate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Power Liftgate Market, Segmentation By System Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Power Liftgate Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Power Liftgate Market

23.1. North America Power Liftgate Market Overview
23.2. North America Power Liftgate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Power Liftgate Market, Segmentation By System Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. 4. North America Power Liftgate Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Power Liftgate Market

24.1. USA Power Liftgate Market Overview
24.2. USA Power Liftgate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Power Liftgate Market, Segmentation By System Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. 4. USA Power Liftgate Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Power Liftgate Market

25.1. Canada Power Liftgate Market Overview
25.2. Canada Power Liftgate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Power Liftgate Market, Segmentation By System Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. 4. Canada Power Liftgate Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Power Liftgate Market

26.1. South America Power Liftgate Market Overview
26.2. South America Power Liftgate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Power Liftgate Market, Segmentation By System Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. 4. South America Power Liftgate Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Power Liftgate Market

27.1. Brazil Power Liftgate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Power Liftgate Market, Segmentation By System Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Power Liftgate Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Power Liftgate Market

28.1. Middle East Power Liftgate Market Overview
28.2. Middle East Power Liftgate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Power Liftgate Market, Segmentation By System Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. 4. Middle East Power Liftgate Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Power Liftgate Market

29.1. Africa Power Liftgate Market Overview
29.2. Africa Power Liftgate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Power Liftgate Market, Segmentation By System Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. 4. Africa Power Liftgate Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Power Liftgate Market Competitive Landscape And Company Profiles

30.1. Power Liftgate Market Competitive Landscape
30.2. Power Liftgate Market Company Profiles
- 30.2.1. Aisin Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1. 4. Financial Performance
- 30.2.2. Autoease Technology
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2. 4. Financial Performance
- 30.2.3. Brose Fahrzeugteile GmbH & Co. KG
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3. 4. Financial Performance
- 30.2. 4. Grupo Antolin Pvt. Ltd.
  - 30.2. 4.1. Overview
  - 30.2. 4.2. Products and Services
  - 30.2. 4.3. Strategy
  - 30.2. 4. 4. Financial Performance
- 30.2. 5. Johnson Electric Pvt. Ltd.
  - 30.2. 5.1. Overview
  - 30.2. 5.2. Products and Services
  - 30.2. 5.3. Strategy
  - 30.2. 5. 4. Financial Performance

31. Global Power Liftgate Market Competitive Benchmarking

32. Global Power Liftgate Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Power Liftgate Market

34. Power Liftgate Market Future Outlook and Potential Analysis

34.1 Power Liftgate Market In 2028 - Countries Offering Most New Opportunities
34.2 Power Liftgate Market In 2028 - Segments Offering Most New Opportunities
34. 3 Power Liftgate Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35. 4. Research Inquiries
35. 5. The Business Research Company
35. 6. Copyright And Disclaimer