Power Liftgate Market 2022 Demand And Growth Analysis, Forecasts Through 2031

The global power liftgate market report by the business research company identifies the rise in the adoption of electric vehicles is expected to be a major growth driver for the power liftgate market. Electric vehicles are automotive vehicles that use one or more electric motors for propulsion. Power liftgates are highly used in electric vehicles. Increasing the use of technology in the automotive industry brings many technological changes to its components and one feature that makes the powered tailgate even more useful is the ability to open the tailgate hands-free. The electric vehicle increasingly needs components that are auto operated such as a power liftgate, in turn, the increasing adoption of electric vehicles will create more demand for power liftgates. For example, according to a report by the International Energy Agency (IEA), global electric car sales reached a record 3 million in 2020, a 40% increase from 2019. It is also estimated that there will be 300 million electric cars on the road by 2030, accounting for more than 60% of new car sales by then which was only 4.6% in 2020. Therefore, the increasing adoption of electric vehicles propels the growth of the power liftgate market.

The global power liftgate market size is expected to grow from $2.26 billion in 2021 to $2.49 billion in 2022 at a compound annual growth rate (CAGR) of 10.50%. The global power liftgates market size is expected to grow to $3.85 billion in 2026 at a CAGR of 11.51%.

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North America was the largest region in the power liftgate market in 2021. The regions covered in the global power liftgates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Major players in the power liftgate market are Aisin Corporation, Autoease Technology, Brose Fahrzeugteile GmbH & Co. KG, Grupo Antolin, Johnson Electric, Magna International Inc, Woodbine Manufacturing Co Inc, HI-LEX Corporation, Strattec Security Corporation, Power-Packer Corporation, Mitsuba Corporation, Igarashi Electric Works Ltd, Plastic Omnium Group, Continental AG and Tesla Inc.

The global Power Liftgate market is segmented -
1) By System Type: Hands-Free, Conventional

2) By Type: Passenger Vehicle, Commercial Vehicle

3) By Material: Metal, Composite

4) By Sales Channel: OEM, Aftermarket

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The Power Liftgate Market Report Contents Include
1. Executive Summary
2. Power Liftgate Market Characteristics
3. Power Liftgate Market Trends And Strategies
4. Impact Of COVID-19 On Power Liftgate
5. Power Liftgate Market Size And Growth
....
26. Africa Power Liftgate Market
27. Power Liftgate Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Power Liftgate Market
29. Power Liftgate Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the Power Liftgate market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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