Automotive Liftgate Market to Reach US$ 5.2 billion in 2023

Automotive Liftgate Market by Vehicle Type (Hatchback, SUV, and Others), by Material Type (Metal Liftgates and Composite Liftgates), by Manufacturing Process Type (Stamping, Compression Molding, and Injection Molding), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023
This report, from Stratview Research, studies the global liftgate market in the automotive industry over the forecast period of 2018 to 2023. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Click here to read the detailed description and TOC: https://www.stratviewresearch.com/toc/208/automotive-liftgate-market.html

The Global Automotive Liftgate Market: Highlights
The next five years for the global automotive liftgate market are going to be vigorous with sizeable growth opportunities in the entire ecosystem of the market. The global automotive liftgate market is estimated to grow at a healthy rate over the next five years to reach an estimated value of US$ 5.2 billion in 2023. Organic growth in the automobile production owing to increasing disposable income and growing urbanization, increasing the share of SUVs production, and increasing demand for lightweight liftgates to reduce the overall vehicle weight for achieving stringent government regulations, such as CAFÉ Standards are major growth drivers of the global automotive liftgate market.

It is estimated that approximately 638.7 million vehicles (passenger cars, LCV, and M&HCV) are likely to be produced globally during the next six years (2018-2023). This corresponds to significant growth opportunities for the market stakeholders to tap the growth potential in the coming years.

The global automotive liftgate market is segmented based on the vehicle type as Hatchback, SUV, and Others. SUV is expected to remain the growth engine of the global automotive liftgate market during the forecast period of 2018 to 2023. An increased production of SUVs, especially in the Asia-Pacific region and high demand for comfort & space in vehicles would continue to drive the segment’s growth over the next five years.

The global automotive liftgate market is segmented based on the material type as Metal Liftgates and Composite Liftgates. The metal liftgate is projected to remain the most dominant material type over the next five years, whereas composite liftgate is likely to witness a higher growth rate in the same period. The continuous shift from metal to composite liftgates is due to several factors in which the most important is government regulations. Stringent regulations imposed by governments of many countries are putting pressure on the automakers to curb the overall vehicle weight to increase fuel efficiency or reduce emissions. Liftgates could not escape itself from such regulations and experienced a significant change in the selection of materials over the period. The auto industry is rapidly moving towards lightweight materials, such as sheet molding compound and long-fiber reinforced thermoplastics, to make final component light in weight without sacrificing overall liftgate performance.

The global automotive liftgate market is segmented based on the manufacturing process type as Stamping, Injection Molding, and Compression Molding. Stamping is expected to remain the most dominant manufacturing process of liftgates in the global automotive industry over the next five years, whereas injection molding is likely to be the fastest-growing manufacturing process during the same period. Injection molding offers many benefits over competing processes, such as low part cycle time, ability to manufacture complex products, recyclability, good surface finish, lightweight, and excellent strength to weight ratio. Nissan Rogue, Peugeot 308, and BMW i3 & i8 are some of the major auto models which are using injection-molded thermoplastic composite liftgate.
Request sample here: https://www.stratviewresearch.com/Request-Sample/208/automotive-liftgate-market.html

Based on the regions, Asia-Pacific is expected to remain the largest automotive liftgate market during the forecast period. The region is also expected to experience the highest growth during the same period. Increasing automobile production coupled with increasing SUV production share is driving the demand for liftgates in the region. China and Japan are likely to remain the major markets in the region. India is likely to be the new growth engine of the region’s demand for automotive liftgates in the coming five years.

Europe is expected to remain the second largest automotive liftgate market in the same period, driven by Germany, France, and Russia. Germany is likely to maintain its lead in the region’s automotive liftgate market in the coming five years. France and Russia are also likely to generate sizeable growth opportunities for the players in the coming years.

North America, another sizeable market, is also likely to offer favorable growth opportunities in the coming five years. The USA is likely to remain the largest market in the region, whereas Mexico is likely to be the fastest-growing market in the region in the coming five years, driven by the opening of assembly plants of the all the major automakers in order to fulfill the growing local demand as well as to target the USA.

The supply chain of this market comprises raw material suppliers, compounders, liftgate manufacturers, distributors, automotive OEMs, and dealers. The key automotive liftgate manufacturers are Toyota Motor Corporation, General Motors, Plastic Omnium, and Magna International. The development of lightweight composite liftgates, execution of mergers & acquisitions, and the formation of long-term contracts with OEMs are the key strategies adopted by the key players to gain a competitive edge in the market.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

Market structure: Overview, industry life cycle analysis, supply chain analysis
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Emerging trends
Strategic growth opportunities for the existing and new players
Key success factors
The global automotive liftgate market is segmented into the following categories.

Automotive Liftgate Market, By Vehicle Type
• Hatchback (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• SUV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Automotive Liftgate Market, By Material Type
• Metal Liftgates (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Composite Liftgates (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Automotive Liftgate Market, By Manufacturing Process Type
• Stamping (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Compression Molding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Injection Molding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Automotive Liftgate Market, By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, Spain, the UK, Russia, Czech Republic, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)

About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.

Category : Automotive & Transportation
https://www.stratviewresearch.com/208/automotive-liftgate-market.html

Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

Stratview Research
Crystal Tower, Raipur - 492001
Phone No. +1-313-307-4176

This release was published on openPR.