Press release
Power Liftgate Global Market By Type, By Material Type, By Vehicle Type, By Sales Channel, By Regional Forecast 2023-2032 | Aisin Corporation, Autoease Technology, Grupo Antolin, Johnson Electric, Magna International Inc.
Power Liftgate Market
Power Liftgate Market Size, Growth Rate, And Forecast
The global power liftgate market size grew from $2.5 billion in 2022 to $2.78 billion in 2023 at a compound annual growth rate (CAGR) of 11.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The power liftgate market size is expected to grow to $4.3 billion in 2027 at a CAGR of 11.5%.
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Power Liftgate Market Drivers
The rise in the adoption of electric vehicles is expected to drive the demand 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.
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Power Liftgate Market Segments
• By System Type: Hands-Free, Conventional
• By Type: Passenger Vehicle, Commercial Vehicle
• By Material: Metal, Composite
• By Sales Channel: OEM, Aftermarket
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Power Liftgate market.
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Power Liftgate Market Key Players
Major competitors in the Power Liftgate market include 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 Business Research Company's "Global Power Liftgate Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high-level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table of Content for The Power Liftgate Market Include:
1. Executive Summary
2. Power Liftgate Market Characteristics
3. Power Liftgate Market Trends And Strategies
4. Power Liftgate Market - Macro Economic Scenario
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
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