Hands-Free Power Liftgate Industry to Grow at a CAGR of 6.20% during 2022-2027 - IMARC Group

IMARC Group has recently released a new research study "hands-free power liftgate market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

What are the growth prospects of the hands-free power liftgate Industry?

The global hands-free power liftgate market size reached US$ 1.22 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1.77 Billion by 2027, exhibiting a growth rate (CAGR) of 6.20% during 2022-2027.

Impact of COVID-19:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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What is a hands-free power liftgate Market?

The hands-free power liftgate represents the back door system that enables the user to open or close the liftgate of the vehicle with a simple kick movement of the foot. It can be activated by waving the foot underneath the rear bumper, between the exhaust pipe and the license plate.

The hands-free power liftgate is equipped with a sensor to control its operation through the movement of hands or legs. As a result, original equipment manufacturers (OEMs) are developing these systems according to the convenience of the users.

What are the major market drivers in the hands-free power liftgate Market:

The escalating demand for luxury cars across the globe, the rising need to offer enhanced customer convenience and comfort, and the integration of advanced connectivity and features in automobiles are among the primary factors driving the hands-free power liftgate market.

Besides this, various technological advancements, including the internet of things (IoT) and artificial intelligence (AI) and the increasing sales of electric and autonomous vehicles across countries, are further augmenting the market growth.

Moreover, the leading manufacturers are focusing on providing safe and innovative features, such as hands-free power liftgates in automobiles, which is also catalyzing the global market.

Apart from this, the elevating requirement for these systems, as they have a precise switch locking mechanism and capacitive motion sensors incorporated into the bumper of cars for smart access, is acting as another significant growth-inducing factor. Furthermore, the expanding automotive industry and the growing popularity of commercial vehicles in the logistics and transportation sector are expected to bolster the hands-free power liftgate market in the coming years.

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Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Product Type:
o Dry Barrel
o Wet Barrel

Breakup by Operating Type:
o Conventional
o Smart

Breakup by Construction:
o Underground
o Above Ground

Breakup by End User:
o Commercial
o Industrial

By Geography:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom,
Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia,
Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

List of Major Key Players:

The major players in the market are
Autoease Technology Brose Fahrzeugteile SE & Co. KG
Continen
tal AG
HI-LEX Corporation
Huf Hülsbeck & Fürst GmbH & Co. KG
Hyundai Motor Company
Magna International Inc.
Volkswagen AG (Porsche Automobil Holding SE)
and Woodbine Manufacturing Co. Inc.

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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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This release was published on openPR.