The market for automotive power liftgates is anticipated to expand at a CAGR of 8.5% from 2016 to 2021. The market for automotive power liftgates is expanding as a result of the rising demand for SUVs and larger automobiles. The market for automobile power liftgates is also expanding as a result of rising investments in safety technology. Type, application, and geographic regions are used to segment the automobile power liftgate market. Electric power liftgates dominate the type section, while hydraulic power liftgates rule the other two categories. Commercial vehicles dominate the application segment, while passenger vehicles lead the other two groups. North America, Europe, and Asia Pacific are the three regions that dominate this market.
The power liftgate should be one of the last items on your mind when it comes to your car. A heavy liftgate is the last thing you want to deal with when loading groceries or packing for a road trip. A power liftgate can help with that. A motorised liftgate that can be opened and closed by pressing a button is referred to as a power liftgate. Power liftgates come in a few different varieties, but the rear-mounted liftgate is the most popular. A switch on the dash or a remote control are used to open and close this kind of liftgate, which is situated on the back of the car. In some models, you can even kick your foot beneath the rear bumper to open a hands-free motorised liftgate.
A power liftgate has clear advantages. Even with your hands full, a motorised liftgate makes it simple to open and close the liftgate. Additionally, since the liftgate is motorised, there is no risk of slamming it shut. There are a few things to consider while shopping for a car with a motorised liftgate. Make sure your car is compatible with the power liftgate first. Many motorised liftgates work with only a few makes and models. Check the power liftgate’s weight capacity next. Make sure the motorised liftgate can support the weight you intend to transport since the majority of them can only support up to 250 pounds.
Last but not least, keep in mind that a motorised liftgate can significantly increase the weight of your car. Make sure your car can support the additional weight of the electric liftgate if you routinely carry heavy objects. A power liftgate is a terrific alternative if you’re searching for a simple way to open and close your vehicle’s liftgate. Prior to purchasing, make sure to verify compatibility and weight capacity.
|Automotive Power Liftgate Market Report Scope and Segmentation|
|UNIT||Value (USD Million/Billion)|
|BY REGION||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
Opportunities in the Automotive Power Liftgate Market
A motorised door that automatically opens and closes is referred to as a “power liftgate.” It is used to access the cargo area and is situated at the back of an automobile. A power liftgate is a useful feature for loading and unloading freight because it can be opened and closed with the touch of a button. Due to rising consumer demand for convenience and safety features in cars, the automotive power liftgate market is anticipated to expand over the next several years. SUVs and crossovers are increasingly using power liftgates because they make accessing the cargo space simple. Power liftgate demand is anticipated to increase as demand for these vehicles increases.
The rising demand for premium vehicles is anticipated to fuel the market for power liftgates. Power liftgates are a frequent feature in luxury vehicles, which are outfitted with a range of technologies that provide convenience and safety. The market for power liftgates is anticipated to be driven by rising consumer disposable income. Power liftgate sales are anticipated to be highest in the Asia-Pacific area due to the region’s expanding automotive market. Power liftgate demand is anticipated to increase in China and India, the two largest markets in the Asia-Pacific region.
The vehicle type, power source, and geographic segments are used to divide the worldwide automotive power liftgate market. The market is divided into passenger automobiles and commercial vehicles based on the kind of vehicle. The market is divided into electric and hydraulic segments based on the kind of power source. The market is further divided into North America, Europe, Asia-Pacific, and the Rest of the World based on geography.
Limitations of the Automotive Power Liftgate Market
During the projected period, the market for automotive power liftgates is anticipated to expand at a CAGR of over 7%. The price of the technology is the main barrier to the market for vehicle power liftgates. The system is expensive because it has so many different sensors, actuators, and controls. The area needed for system installation is the other element limiting the market growth for automobile power liftgates.
Key Trends in the Automotive Power Liftgate Market
During the projected period, the market for automotive power liftgates is anticipated to expand at a CAGR of about 5%. The increased demand for luxury vehicles is the main element behind the market’s expansion. Power liftgates are one of the many cutting-edge innovations that come standard on luxury cars and provide convenience for the occupants. The market for vehicle power liftgates is also expanding as a result of factors including increased disposable income and shifting customer lifestyles.
However, the high price of power liftgates is anticipated to limit the market’s expansion to some extent. Based on the kind of vehicle, the sales channel, and the region, the automotive power liftgate market may be divided. The automotive power liftgate market can be divided into two categories based on the type of vehicle: passenger cars and commercial vehicles. Due to the increasing demand for luxury automobiles, the passenger car market is anticipated to expand significantly during the projection period.
The original equipment manufacturers (OEMs) and aftermarket segments of the vehicle power liftgate market can be separated based on the sales channel. Due to an increase in the sales of luxury vehicles, the OEM category is anticipated to expand faster than other market segments during the forecast period. Geographically speaking, the automobile power liftgate market has been divided into North America, Europe, Asia Pacific, and the Rest of the World (RoW). Due to the presence of significant OEMs in the region, North America is anticipated to be the region with the largest market for automotive power liftgates throughout the forecast period. Due to the rising demand for luxury cars in the region, the Asia Pacific automotive power liftgate market is anticipated to expand quickly during the projected period.
Market drivers for automotive power liftgates
In the upcoming years, the market for automobile power liftgates is anticipated to expand dramatically. This is mostly due to the rising demand for luxury cars and SUVs on a global scale. Furthermore, the growing concern about fuel economy and emission levels is driving the demand for power liftgates. An electrically controlled tailgate that can open and close on its own is called a power liftgate. It is a useful feature, especially for people who are tall or have mobility problems. Additionally, it improves the vehicle’s looks.
The vehicle type, fuel type, and geographic regions are the divisions used to categorise the automotive power liftgate market. The automotive power liftgate market is segmented into three categories based on the type of vehicle: passenger cars, light commercial vehicles, and heavy commercial vehicles. The automobile power liftgate market is divided into three segments based on fuel type: gasoline, diesel, and alternative fuel. The automobile power liftgate market is segmented geographically into North America, Europe, Asia Pacific, and the Middle East and Africa.
To obtain a competitive edge in the market, the major companies in the automobile power liftgate industry are concentrating on tactics such as new releases and expansions. For instance, Robert Bosch GmbH introduced a new power liftgate system for SUVs in September 2018. The mechanism makes it simple to open and close the tailgate and is based on mechatronics technology developed by the company.
Impact of the Automotive Power Liftgate Market (COVID-19)
One of the most significant sectors in the world is the automotive sector. It is in charge of making the vehicles that are used for work, play, and transportation. Millions of people worldwide are employed by the automotive industry, which makes up a significant portion of the global economy.
The COVID-19 pandemic has had a severe impact on the automotive sector. Dealerships have been forced to close their doors since vehicle production has halted in numerous nations. The businesses that supply the sector with parts and components as well as those that offer services to it have been impacted by this. In the automobile sector, COVID-19 is anticipated to have a significant long-term impact. Many industry experts think that output and sales will never reach their pre-pandemic levels. This is because it will likely take a while for the global economy to recover from the pandemic.
The market for vehicle power liftgates is one area of the automotive industry that has been particularly heavily hit by the pandemic. The rear doors of automobiles are opened and closed by power liftgates, which are driven by an electric motor. Power liftgate sales have suffered as a result of the dramatic fall in new car demand brought on by the COVID-19 epidemic. The demand for power liftgates is declining as a result of many consumers delaying the purchase of new cars.
Sales of electric liftgates have also been indirectly impacted by the pandemic. This is due to the fact that fewer people are now able to instal power liftgates as a result of numerous firms closing. The market for vehicle power liftgates has been significantly impacted by the COVID-19 epidemic. Power liftgate sales have decreased as a result of the decline in demand for new cars. The market has also been impacted by the pandemic’s indirect effects, such as business closures.
Key Industry Developments in the Automotive Power Liftgate Market
The automobile sector is undergoing continuous change. One of the biggest modifications in recent years has been the addition of power liftgates. In new cars, power liftgates are a feature that is gaining popularity. They have a variety of benefits over conventional liftgates, which has led to a rise in their popularity. Some of the most significant advancements in the automotive power liftgate sector include the following:
1. Power liftgates are becoming more common in modern cars.
2. There is an increasing need for power liftgates.
3. Several automakers now provide power liftgates as an option for certain models.
4. Compared to conventional liftgates, power liftgates have a variety of benefits.
5. Power liftgate prices are decreasing.
6. Power liftgates are becoming easier to find.
7. Power liftgate installation is getting simpler.
Power liftgates are becoming more reliable, which is 8.
9. The power liftgate aftermarket is expanding.
10. The practise of adding electric liftgates to older automobiles is becoming more popular.
Future prospects for the automotive power liftgate market
During the forecast period, the market for automotive power liftgates is anticipated to expand at a CAGR of 6.87%, reaching USD 8.40 billion by 2025. The growing demand for comfort, safety, and security features in automobiles is the main factor driving the industry. The automotive power liftgate is a tailgate that a car uses to open and close its tailgate using electricity. A button, which can be found on the key fob or the centre console of the car, is used to operate this system. The growing demand for comfort and safety features in cars is one of the main factors driving the automotive power liftgate industry.
Automotive power liftgates are thought to have the largest market in the Asia-Pacific region, followed by Europe and North America. Due to the region’s expanding automotive industry, the Asia-Pacific region is predicted to develop at the greatest CAGR during the forecast period. In the Asia-Pacific area, China and India are the two biggest markets for automobile power liftgates.