Press release
Global Power Liftgate Market Future Trends, Dynamic Growth And Forecast To 2032
Power Liftgate Market
The Business Research Company's Power Liftgate Global Market Report 2023 identifies rise in the adoption of electric vehicles as the major driver for the Power Liftgate market's growth in the forecast period. 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
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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Major competitors 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
A key trend in the Power Liftgate market includes
Technological advancement. Technologically advanced power liftgates include smart or hands-free power liftgates that are powered by sensors, control units, and other functions enabling hands-free opening and closing for convenient use. Key players are keenly focused on providing these technologically advanced power liftgates to acquire more customers and penetrate the market for additional business.
Read More On The Global Power Liftgate Market Report Here:
https://www.thebusinessresearchcompany.com/report/power-liftgate-global-market-report
The 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
• 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.
The Business Research Company's "Global Power Liftgate Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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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