Global Automatic Trunk Lid Market is Expected to be Dominate By Passenger Car Segment Through 2028
Growing need for vehicles with advanced features
and ease of load and unload luggage in the trunk drives the Global automatic
trunk lid market through 2028.
According to TechSci Research report, “Global Automatic Trunk
Lid Market - Industry Size, Share, Trends, Competition, Opportunity and
Forecast, 2018- 2028F”,Global Automatic
Trunk Lid Market has potential to grow at considerable CAGR in the forecast
period due to increasing trend towards easy user experience and its safety. The
Automated Trunk Lid Market is growing at a faster rate in North America and
Europe, where luxury vehicles are more readily available. The market for
automatic trunk lids is predicted to expand quickly throughout the projection
period, due to the rising desire for modified vehicles with modern
characteristics. The automated trunk lid market is significantly impacted by the
increasing importance for vehicle refinement, consumer convenience, and
regulatory requirements. The market for automobile trunk lid panels is
projected to grow due to the growing usage of material and technologies in the
automotive industry. Due to the desire for comfort, hands-free operation, and
autonomous driving, automakers are being encouraged to invest in the
research and development of automated trunk lids.
The
rising sales of electric vehicles with new technologies are reportedly one of
the key factors boosting the global automated trunk lid industry. For vehicle
owners, automatic trunk lids greatly increase convenience and usage. They
virtually eliminate the need to manually open and close the trunk, making it
very easy to load and, for the most part, unload luggage, groceries, or other
items. Furthermore, there is a chance for improved functionality and features
with the integration of automatic trunk lids with car communication and smart
key systems. Users can operate and keep an eye on the status of the trunk lid
remotely by utilizing connectivity technology, which offers convenience and
security. Automatic trunk lids and smart key systems can be integrated for
seamless access and operation, which improves the experience.
Additionally,
a lot of customers prefer to travel in sophisticated and convenient vehicles.
The market for automated trunk lids in the passenger car segment is
experiencing increased demand because of technological developments in
automatic trunk lid systems in automobiles. Automatic trunk lid systems will
become necessary as the car industry invests in more autonomous operation for
more safety and easiness which results in opening new market prospects for specialized
service providers and emerging businesses. Overall, the demand for convenience,
safety, and an enhanced user experience is driving the growth of the Automated
Trunk Lid Market worldwide. To meet the changing needs of car owners globally,
manufacturers and suppliers in the automotive sector are constantly developing
new automatic trunk lid solutions.
For
loading and unloading vehicles, Continental introduced electronic liftgates and
sliding doors in December 2019. The
Huf Light Touch Emblem from Huf Group, which was patented in November 2022, has
a variety of benefits over other conventional access techniques for automobiles
in 2022. The Light Touch Emblem, located in the back of electric
vehicles, is one of the most often used methods of opening the front trunk lid.
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Global Automatic Trunk Lid
Market can be segmented
based on vehicle type, material type, end user, and region. Based on vehicle
type, the market is segmented into passenger car, light commercial vehicle, and
medium & heavy commercial vehicle. Passenger cars segment is leading the
market as more people prefer hands free operations. Based on the material type,
it is further segmented into steel, aluminum alloy, carbon fiber, and others. Furthermore,
based on end user, it is segmented into OEM and aftermarket. Further, the
market is divided into region into Asia Pacific, North America, Europe &
CIS, South America, and Middle East & Africa.
Due to increased spending power on premium features, there are several
opportunities for industry growth and development in North America and Europe.
Key
market players in the Global automatic trunk lid market include:
- Flex-N-Gate
Corporation
- Gifu
Auto Body Industry
- Magna
International Limited
- Plastic
Omnium
- ThyssenKrupp
AG
- Toyotomi
kiko co. ltd
- UACJ
Metal Components Corporation
- Continental
AG
- Huf
Hülsbeck & Fürst GmbH & Co. KG
- ZF
friedrichshafen AG
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“Continuous development in features and
technology in vehicles drive the Global Automatic Trunk Lid Market.
Furthermore, the integration of automatic trunk lids with vehicle connectivity
and smart key systems increases its functionality and popularity in the market.”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based Global management consulting firm.
“Automatic Trunk Lid Market - Global Industry
Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Vehicle Type (Passenger
Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle), By
Material Type (Steel, Aluminum Alloy, Carbon Fiber, Others), By End User (OEM,
Aftermarket), and By Region” has evaluated the future growth
potential of GLOBAL Automatic Trunk Lid 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 automatic trunk lid market.
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