Global Automotive Power Liftgate Market by Type (Passenger Cars, Commercial Vehicle, and Other Cars), By Propulsion (Gasoline, Diesel, and Electric), By Material Type (Metal Power Liftgate, and Composite Power Liftgate), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032
- Published date: Sep 2023
- Report ID: 106618
- Number of Pages: 334
- Format:
- keyboard_arrow_up
Quick Navigation
Report Overview
The Global Automotive Power Liftgate Market size is expected to be worth around USD 5.3 Billion by 2032 from USD 1.9 Billion in 2022, growing at a CAGR of 11% during the forecast period from 2023 to 2032.
The global automotive power liftgate market refers to the market for power-operated liftgates or tailgates that are used in automobiles like cars, SUVs, and trucks. These liftgates or tailgates can be opened and closed automatically with the press of a button, using electric motors and hydraulic or pneumatic systems.
The market for automotive power liftgates has been growing rapidly due to the increasing demand for convenience features in vehicles. Consumers are looking for vehicles with advanced features that make their lives easier, and power liftgates are one such feature that provides convenience and ease of use. The markets include both OEMs (original equipment manufacturers) and aftermarket suppliers that offer power liftgates as an accessory.
Driving Factors
Rising consumer preference for convenience & safety features and luxury vehicles:
Today’s consumers place a high value on convenience and safety features in their vehicles and power liftgates offer both. With the push of a button, drivers can open and close the liftgate without having to manually lift and lower it, which can be helpful when carrying heavy items or when the weather is inclement. Luxury vehicles are often equipped with power liftgates as a standard feature. The increasing demand for luxury vehicles has driven growth in the automotive power liftgate market.
Environmental regulations and technological advancements:
Governments around the world are introducing regulations aimed at reducing vehicle emissions and improving fuel efficiency. As a result, automakers are developing more fuel-efficient vehicles, which are often lighter in weight. These lighter vehicles are easier to lift, making power liftgates more desirable.
Advancements in technology have made power liftgates more efficient & easier to use. For example, some power liftgates now come with sensors that detect when an object is in the way and automatically stop the liftgate from closing. Others can be programmed to open to a particular height, which can be useful for drivers who have low garage ceilings.
Restraining factors
One of the main restraints for the automotive power liftgate market is its high price. The power liftgate system requires sophisticated technology and mechanisms, making it costly to manufacture and install. This high price may discourage some customers from opting for this feature, especially in price-sensitive markets.
The power liftgate system is a difficult technology that requires precision engineering and installation. Technical problems like sensor malfunction, motor failure as well as programming errors can occur, leading to the system’s failure or malfunction. These technical problems can affect the system’s reliability, leading to customer dissatisfaction and negative feedback.
Growth Opportunities
The growing demand for SUVs and crossovers, which are popular in North America, Europe & Asia-Pacific, is expected to drive the demand for power liftgate systems. These vehicles often have larger trunk space, making it more convenient for users to access their cargo with a power liftgate system. The integration of power liftgate systems with smart and autonomous cars presents an opportunity for market growth.
With the increase of smart cars and autonomous vehicles, power liftgate manufacturers can leverage advanced technologies like sensors, cameras, and AI to enhance the safety and convenience of their products. With the growing emphasis on customer experience, power liftgate manufacturers can differentiate themselves by offering products that provide a superior user experience. This can be done with the features like customized settings, hands-free operation & noise reduction.
Trending Factors
SUVs & crossovers have gained immense popularity among consumers globally and power liftgates have become a standard feature in these vehicles. This has contributed to the growth of the automotive power liftgate market. Automotive power liftgate producers have been focusing on introducing new and improved technologies in their products to offer better functionality and convenience to consumers.
For instance, some power liftgates are now equipped with sensors that detect obstacles and prevent the gate from closing on objects or people. Power liftgates are an important safety feature in vehicles, as they eliminate the need for users to physically lift heavy items like luggage and groceries. As a result, many automotive manufacturers are incorporating power liftgates in their vehicles to enhance safety.
The aftermarket for power liftgates has been growing in recent years, as consumers look for ways to upgrade their vehicles with this convenient feature. This has led to raised competition among manufacturers and suppliers of power liftgates. Overall, the global automotive power liftgate market has been growing rapidly in recent years and is expected to continue to grow in the upcoming years, driven by technological improvements, rising demand for SUVs and crossovers, and rising focus on safety.
Type Analysis
The Passenger Cars Type Segment is The Most Lucrative Segment in The Type of Automotive Power Liftgate Market
Based on type, the market for automotive power liftgate market is segmented into passenger cars, commercial vehicles, and other cars. Among these types, the passenger cars segment is the most lucrative in the global automotive power liftgate market, with a projected CAGR of 11% in the estimated period. The total revenue share of passenger cars in automotive power liftgates is 47% in 2022. Owing to these vehicles are equipped with improved safety and comfort features.
The commercial vehicle fragment includes trucks, buses, vans, and other vehicles that are firstly used for commercial purposes. Commercial vehicles need power liftgate systems that can handle heavy loads and provide efficient cargo handling solutions. The other cars segment includes specialty vehicles, such as sports cars, luxury cars as well as electric vehicles. These vehicles want power liftgate systems that provide enhanced performance & improved safety features.
Propulsion Analysis
The Gasoline Segment Accounted for the Largest Revenue Share in the Propulsion segment of the Automotive Power Liftgate Market in 2022
Based on propulsion, the market is fragmented into Gasoline, Diesel, and Electric. Among these, the gasoline segment is estimated to be the most profitable segment in the global automotive power liftgate market, with the largest revenue share of 49% and a projected CAGR of 11% during the forecast period.
The Electric Segment is projected to be the fastest-growing propulsion segment in the automotive power liftgate market. Gasoline and diesel-powered vehicles are traditional internal combustion engine vehicles, while electric vehicles are powered by electric motors & batteries.
Material Type Analysis
The Metal Segment is The Most Lucrative in Material types of the Automotive Power Liftgate Market
Based on material type, the market for automotive power liftgate market is segmented into metal power liftgates and composite power liftgates. Among these types, the metal power liftgate segment is the most rewarding in the global automotive power liftgate market, with a projected CAGR of 11%. the revenue share of metal power liftgate type automotive power liftgates is 62% in 2022.
Owing to strength and durability factors. However, metal liftgates can be heavy, which can affect fuel efficiency and overall vehicle performance. On the other hand, composite power liftgates, are made of lightweight materials like fiberglass, carbon fiber, and plastic composites. These liftgates are much lighter than metal liftgates, which can improve fuel efficiency and vehicle handling.
System Type Analysis
The Conventional Segment Accounted for the Largest Revenue Share in the Type of Automotive Power Liftgate Market in 2022
Based on system type, the market is fragmented into conventional and hands-free power liftgates. Among these, the conventional segment is estimated to be the most lucrative segment in the global automotive power liftgate market, with the largest revenue share of 64% and projected a CAGR of 11% during the forecast period.
Conventional power liftgates are operated by pressing a button on the key fob or inside the vehicle, which triggers the liftgate to open or close. Hands-free power liftgates, on the other hand, are operated without the need to press a button or touch anything. Instead, they use sensors that detect a foot gesture or proximity of the key fob, which triggers the liftgate to open or close automatically.
Sales Channel Analysis
OEM Holds the Significant Share in Sales Channel Segment in the Automotive Power Liftgate Market
Based on sales channels, the market is divided into OEM and aftermarket. Among these sales channels, original equipment manufacturer is dominant in this segment of the automotive power liftgate market, with a market share of 67.5% and a CAGR of 11%. OEM refers to power liftgates that are installed in vehicles during the manufacturing process. These liftgates are typically provided by the vehicle manufacturer and are designed to integrate seamlessly with the vehicle’s existing systems and components.
The aftermarket also growing at a higher rate in the projected period. Aftermarket refers to power liftgates that are sold separately from the vehicle manufacturer, typically through independent distributors or retailers. Aftermarket liftgates are designed to fit a wide range of vehicle makes and models and are often customizable, allowing consumers to choose from a variety of features and options.
Key Market Segments:
Based on Type
- Passenger Cars
- SUVs
- Sedans
- Commercial Vehicle
- Other Cars
Based on Propulsion
- Gasoline
- Diesel
- Electric
Based on Material Type
- Metal Power Liftgate
- Composite Power Liftgate
Based on the System Type
- Conventional
- Hands-Free Power Liftgate
Based on the Sales Channel
- OEM
- Aftermarket
COVID-19 Impact Analysis
The pandemic led to disruptions in the global supply chain, which infected the production and distribution of automotive power liftgates. Many manufacturers had to shut down their companies or reduce their production capacity owing to supply chain disruptions which resulted in a shortage of power liftgates in the market. The situation of pandemic led to a decrease in consumer demand for vehicles, including SUVs and crossovers, which are the primary vehicles that feature power liftgates.
This decreased demand had a negative impact on the automotive power liftgate market. The pandemic led to an economic downturn in many countries, which led to a reduction in consumer spending. This decreased purchasing power, this is also contributed to the decline in demand for vehicles and automotive power liftgates. With many consumers avoiding physical stores and dealerships owing to the pandemic, there was a shift towards online sales.
This affected the automotive power liftgate market as online sales of vehicles generally have lower levels of customization and are less likely to include add-ons like power liftgates. Overall, the COVID-19 pandemic had a bad impact on the global automotive power liftgate market, leading to a decrease in demand and supply chain disruptions. Whereas the pandemic subsides and the global economy recovers, the market is expected to rebound in the upcoming years.
Regional Analysis
Asia-pacific Accounted for the Largest Revenue Share in the global automotive power liftgate market in 2022
Asia-Pacific is estimated to be the most lucrative market in the global automotive power liftgate market, with the largest market share of 31.5%, and is expected to register a CAGR of 11% during the forecast period. Owing to the increasing demand for luxury vehicles and the adoption of advanced safety features in vehicles.
The growing population and rising disposable income of consumers in the region are also contributing to the growth of the market. China, Japan, India, and South Korea are expected to be major contributors to the market growth in the region.
North America is Expected as Fastest Growing Region in the Projected Period in the Global Automotive Power Liftgate Market
North America is expected as the fastest-growing region in the global automotive power liftgate market with a CAGR of 9%. Owing to the high demand for advanced safety features in vehicles. The rising adoption of power liftgate systems by consumers in the region is also involved in the growth of the market.
Key Regions and Countries Covered in this Report:
- North America
- The US
- Canada
- Mexico
- Western Europe
- Germany
- France
- The UK
- Spain
- Italy
- Portugal
- Ireland
- Austria
- Switzerland
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- The Czech Republic
- Greece
- Rest of Eastern Europe
- APAC
- China
- Japan
- South Korea
- India
- Australia & New Zealand
- Indonesia
- Malaysia
- Philippines
- Singapore
- Thailand
- Vietnam
- Rest of APAC
- Latin America
- Brazil
- Colombia
- Chile
- Argentina
- Costa Rica
- Rest of Latin America
- Middle East & Africa
- Algeria
- Egypt
- Israel
- Kuwait
- Nigeria
- Saudi Arabia
- South Africa
- Turkey
- United Arab Emirates
- Rest of MEA
Key players are focused on exploring the power of improvement technologies and developing innovative additions to fulfill the end-user needs Market share and key players analysis of the global automotive power liftgate market can be done by analyzing the market share of key players in the industry.
Market Key Players:
Listed below are some of the most prominent automotive power liftgate market industry players.
- Aisin Corporation
- Autoease Technology
- Brose Fahrzeugteile SE & Co. KG
- Continental AG
- Hi-Lex Corporation
- Huf Hulsbeck & Furst GmbH & Co.
- Johnson Holdings Limited
- Magna International Inc.
- Stabilus GmbH
- Tesla Inc.
- VOXX Electronics corp.
- Strattec Security Corporation
- Other Key Players
Recent Developments:
In May 2022, Johnson Electric Holdings Limited published that it has developed one new power liftgate system with a hands-free function that can open or close the liftgate without the need for physical contact.
In October 2022, Autoease Technology published that it had launched a new power liftgate system with a smart control feature that can be operated through a mobile app or voice commands.
Report Scope:
Report Features Description Market Value (2022) US$ 1.9 Bn Forecast Revenue (2032) US$ 5.3 Bn CAGR (2023-2032) 11% Base Year for Estimation 2022 Historic Period 2016-2022 Forecast Period 2023-2032 Report Coverage Revenue Forecast, Market Dynamics, COVID-19 Impact, Competitive Landscape, Recent Developments Segments Covered By Type-Passenger Cars, Commercial Vehicle, and Other Cars; By Propulsion-Gasoline, Diesel, and Electric; By Material Type -Metal Power Liftgate, and Composite Power Liftgate; By System Type-Conventional, and Hands-Free Power Liftgate; By Sales Channel-OEM, and Aftermarket. Regional Analysis North America – The US, Canada, & Mexico; Western Europe – Germany, France, The UK, Spain, Italy, Portugal, Ireland, Austria, Switzerland, Benelux, Nordic, & Rest of Western Europe; Eastern Europe – Russia, Poland, The Czech Republic, Greece, & Rest of Eastern Europe; APAC – China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, & Rest of APAC; Latin America – Brazil, Colombia, Chile, Argentina, Costa Rica, & Rest of Latin America; Middle East & Africa – Algeria, Egypt, Israel, Kuwait, Nigeria, Saudi Arabia, South Africa, Turkey, United Arab Emirates, & Rest of MEA Competitive Landscape Aisin Corporation, Autoease Technology, Brose Fahrzeugteile SE & Co. KG, Continental AG, Hi-Lex Corporation, Huf Hulsbeck & Furst GmbH & Co., Johnson Holdings Limited, Magna International Inc., Stabilus GmbH, Tesla Inc., VOXX Electronics corp., Strattec Security Corporation, Other Key Players Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements. Purchase Options We have three licenses to opt for Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF) Frequently Asked Questions (FAQ)
What is the Automotive Power Liftgate Market Size in the Year 2022?The Global Automotive Power Liftgate Market size was USD 1.9 Billion in 2022, growing at a CAGR of 11%.
What is the Automotive Power Liftgate Market CAGR Estimated During the Forecast Period?The Global Automotive Power Liftgate Market size is expected to grow at a CAGR of 11% during the forecast period from 2023 to 2032.
What is the Automotive Power Liftgate Market Size Estimated During the Forecast Period?The Global Automotive Power Liftgate Market size is expected to be worth around USD 5.3 Billion by 2032 during the forecast period.
Automotive Power Liftgate MarketPublished date: Sep 2023add_shopping_cartBuy Now get_appDownload Sample - Aisin Corporation
- Autoease Technology
- Brose Fahrzeugteile SE & Co. KG
- Continental AG
- Hi-Lex Corporation
- Huf Hulsbeck & Furst GmbH & Co.
- Johnson Holdings Limited
- Magna International Inc.
- Stabilus GmbH
- Tesla Inc.
- VOXX Electronics corp.
- Strattec Security Corporation
- Other Key Players
- settingsSettings
Our Clients
Single User $6,000 $3,999 USD / per unit save 24% | Multi User $8,000 $5,999 USD / per unit save 28% | Corporate User $10,000 $6,999 USD / per unit save 32% | |
---|---|---|---|
e-Access | |||
Report Library Access | |||
Data Set (Excel) | |||
Company Profile Library Access | |||
Interactive Dashboard | |||
Free Custumization | No | up to 10 hrs work | up to 30 hrs work |
Accessibility | 1 User | 2-5 User | Unlimited |
Analyst Support | up to 20 hrs | up to 40 hrs | up to 50 hrs |
Benefit | Up to 20% off on next purchase | Up to 25% off on next purchase | Up to 30% off on next purchase |
Buy Now ($ 3,999) | Buy Now ($ 5,999) | Buy Now ($ 6,999) |