Automotive Liftgate Market to be led by Advancements in Technology
Increasing
demand for luxury vehicles and advanced innovations coupled
with increasing consumer comfort are increasing the demand for Global
Automotive Liftgate Market.
According
to the TechSci Research report, "Automotive Liftgate Market-Global Industry
Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028F,"
the Global Automotive Liftgate Market
is anticipated to escalate with the rapid CAGR in the upcoming years. The
robust growth of the global automotive liftgate market is due to the rise in disposable
income, increasing purchase of luxury vehicles with more advanced features,
such as vehicles with automotive liftgate. The demand for automotive liftgates
has also increased as a result of advancements in sensors and auto components
in automobiles.
The
automotive liftgate is a back-door system in which the user controls the lift
gate/tailgate opening and closing with the press of a key located on the
dashboard or a handheld remote. Intelligent anti-trap and height memory
functions, among other features, are available on automotive liftgates. The
automotive liftgate is a hands-free system that can also be controlled remotely.
Doors in automobiles vary greatly in design from one manufacturer to the next
and even from one car model to the next; however, the mechanism of the automotive
liftgate remains consistent. Automotive liftgates have good anti-corrosion
properties, which ensures the longevity and proper operation of back door
technologies and innovations.
Currently,
all major automobile manufacturers are incorporating this technology into their
vehicles to improve passenger comfort. An automotive liftgate drive and a deck
lid cable drive are part of the liftgate system. A lift gate latch that
includes a power cinching unit and a capacitive sensor system for hands-free
opening and closing. Some commercial vehicles have automotive liftgates on the
back door frames to make opening and closing the back doors easier. The
introduction of new products accelerates the growth of the automotive liftgate
market.
Browse more than
XX market data Figures spread through 110 Pages and an in-depth
TOC on "Global Automotive Liftgate Market"
The Global Automotive Liftgate Market is
segmented by vehicle type, by type, by material type, by region and competitive
landscape. Based on vehicle type, the market is segmented into passenger car
and light commercial vehicle. The passenger car segment dominates the global automotive
liftgate market in terms of vehicle type. Increased passenger vehicle sales and
production in developing countries have contributed to the passenger car market's
growth. The light commercial vehicle segment is also expected to grow rapidly
during the forecast period. Based on type, the market is segmented into manual
and automatic. Based on the material type, the market is divided into metal and
composite. Metal liftgates are expected to continue to dominate the market.
However, there is a steady shift from metal to composite liftgates due to a
variety of factors, the most important of which is government regulations. Many
governments are imposing stringent regulations on automakers in order to
increase fuel efficiency or reduce emissions. Composite liftgates assist
industry stakeholders in reducing overall vehicle weight, thereby helping to
meet targets to some extent. On the basis of regional analysis North America
region dominates the market. Moreover, Europe and Asia- Pacific provide the growth
opportunities for the market.
Some of the major players operating in the
Global Automotive Liftgate Market include:
·
Magna
International Inc.
·
Stabilus
GmbH
·
Continental
AG
·
Brose
Fahrzeugteile GmbH & Co. KG
·
Huf
Hülsbeck & Fürst GmbH & Co. KG
·
Strattec
Security Corporation
·
Johnson
Electric Holdings Ltd.
·
HI-LEX
Corporation
·
VOXX
Electronics Corp
·
Faurecia
SE
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“With the advancement of
technology, many OEMs are conducting research and development in automobile
features. In addition, as disposable income rises, so does demand for luxury
vehicles, boosting the global automotive liftgate market. Furthermore, consumers
are looking for high-end features and comfort in their vehicles, which provides
an opportunity for manufacturers to provide updated features in their vehicles," said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“Automotive
Liftgate Market-Global Industry Size, Share, Trends, Competition, Opportunity
and Forecast, 2018-2028F, Segmented By
Vehicle Type (Passenger Car, Light Commercial Vehicle), By Type (Manual,
Automatic), By Material Type (Metal and Composite) and By Region,” has evaluated
the future growth potential of Global Automotive Liftgate Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Global Automotive Liftgate Market.
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