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Power Liftgate Market Analysis 2022, Major Key Players Reviews - STRATTEC, Johnson electric, Magna International Inc., Grupo Antolin Irausa S.A, Aisin Seiko co. ltd

10-10-2022 06:46 PM CET | Logistics & Transport

Press release from: Market Research Future - MRFR

Power Liftgate Market overview:

By 2026, the electric liftgate industry is expected to be worth more than 5 billion USD, growing at a 6% CAGR.

Using a portable remote control or a button on the dashboard device, the power Liftgate is a car rear door mechanism. By depressing a button, the operator may both open and close the liftgate of the automobile. It is built to function safely even if the connections or electricity go down. This mechanism comprises a drive unit, a capacitive sensor system, anti-pinch strips, and a power liftgate actuator. It also contains an electronics controlling component.

Because of its anti-corrosion features, this electric liftgate guarantees longevity and flawless operation of the back entrance. By 2026, the power liftgate market is projected to be worth more than 5 billion USD growing at a 6% CAGR. The worth of the automobile-powered liftgate sector is growing as a result of the introduction of cutting-edge technology and developments.

The COVID-19 epidemic has had a particularly severe impact on the car industry. The majority of individuals remain in the house as a result of governmental rules, ongoing shutdowns, as well as the spreading of the coronavirus, while businesses are closed for a few days owing to a shortage of supplies, labor, and industrial resources. As output declines, so does the need in the industry for powered liftgates.

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China provides the essential resources required to make automobiles. However, the coronavirus epidemic has caused items from China to be prohibited and the supply chain to be interrupted, which reduces industry income. Following brief shutdowns, the industry's expansion picks up pace slowly.

Power Liftgate Market segmentation:

This market is segmented into three major groups that are type of system, vehicle type, and in last sales channel.

The power liftgate market is divided into refurbished and OEM segments according to the selling route. Out of these two, aftermarket is predicted to hold the highest growth over the projection timeframe for its expansion of the e-commerce industry in growing and emerging areas.

The powered liftgate industry is divided into two categories depending just on the kind of vehicle: passenger cars and commercial vehicles. Between these two segments, the commercial vehicle category has the biggest industry proportion. Because of its strong consumer vehicle revenues and increased demands for SUVs with powered liftgates, it is anticipated to have modest expansion worldwide throughout the projection timeframe.

The powered liftgate industry is split into two types of systems: traditional and hands-free. The traditional category is anticipated to increase significantly among these.

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Power Liftgate Market Regional classification:

The four areas that make up the powered liftgate industry perspective are Asia-Pacific, Europe, North America, and the rest of the world. Asia-Pacific is one of these areas that the nation expects to expand the fastest. So, because the majority of the population in this area is medium income, there is a higher need for automobiles with powered liftgates, such as SUVs and automobiles.

Power Liftgate Industry news:

The key player in this sector is STRATTEC (US), Robert Bosch GmbH (Germany), and Aisin Seiko co. ltd. (Japan).

Key Players

Johnson electric (China)
Magna International Inc.
Grupo Antolin Irausa S.A (Spain)
Aisin Seiko co. ltd (Japan)
Continental AG (Germany)
Stabilus GmbH (Germany)
Huf Hülsbeck & Fürst GmbH & Co. KG. (Germany)
Woodbine Manufacturing Co. Inc. (Tommy Gate) (US)
Robert Bosch GmbH (Germany)
Brose Fahrzeugteile GmbH & Co. KG (Germany)
Faurecia SA (France)

Table Of Contents

1. Executive Summary

2. Scope Of The Report

2.1. Market Definition

2.2. Scope Of The Study

2.2.1. Definition

2.2.2. Research Objective

2.2.3. Assumptions

2.2.4. Limitations

2.3. Research Process

2.3.1. Primary Research

2.3.2. Secondary Research

2.4. Market Size Estimation

2.5. Forecast Model

3. Market Landscape

3.1. Porter's Five Forces Analysis

3.1.1. Threat Of New Entrants

3.1.2. Bargaining Power Of Suppliers

3.1.3. Threat Of Substitutes

3.1.4. Rivalry

3.1.5. Bargaining Power Of Buyers

3.2. Value Chain/Supply Chain Analysis

4. Market Dynamics

4.1. Introduction

4.2. Market Drivers

4.3. Market Restraints

4.4. Market Opportunities

4.5. Market Trends

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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