Press release
Power Liftgate Market Size, Industry Share, Trends Report 2033
Power Liftgate Market Size
As per the report, the power liftgate market size has grown rapidly in recent years. It will grow from $2.8 billion in 2023 to $3.14 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. The power liftgate market size is expected to see rapid growth in the next few years. It will grow to $4.88 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%.
Download Free Sample Report @
https://www.thebusinessresearchcompany.com/sample_request?id=6495&type=smp
Electric Vehicle Adoption Fuels Power Liftgate Market Growth
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. 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 instance, in September 2022, according to the International Energy Agency, a France-based autonomous intergovernmental organization, sales of electric vehicles nearly doubled to 6.6 million in 2021 from 3 million in 2020, representing almost 9% of total sales, and increased by 4% points in 2021 as well, bringing the total number of electric vehicles on the road to 16.5 million. Therefore, the increasing adoption of electric vehicles propels the growth of the power liftgate market.
Technological Advancement In Power Liftgates
Technological advancement in power liftgates is a key trend gaining popularity in the power liftgate market. 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. For instance, Brose Fahrzeugteile GmbH & Co. KG, a German automotive supplier offers advanced power liftgate drives that have additional functions such as liftgate drive, sensors, latch with power cinching unit, control unit, and anti-trap protection.
The power liftgate market covered in this report 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
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=6495&type=discount
Major companies operating in the power liftgate market report are Aisin Corporation, Autoease Technology, Brose Fahrzeugteile GmbH & Co. KG, Grupo Antolin Pvt. Ltd., Johnson Electric Pvt. Ltd., Anthony Liftgates Inc., Maxon Lift Corp., Dhollandia, Waltco Lift Corp., Tommy Gate, Thieman Tailgates Inc., Leyman Manufacturing Corporation, Palfinger AG, Eaglelift Inc., Anteo Tail lifts Ltd., Zepro Tail lift Pvt. Ltd., Interlift Engineers, Bär Cargolift, Ricon Corp., Ross & Bonnyman Ltd., Sörensen Hydraulik GmbH, Tieman Industries Pty. Ltd., Venco Venturo Industries LLC, Woodbine Manufacturing Company, Zequip, Cargotec Oyj, Del Liftgates Inc., Maxilift Inc., Periyar Hydraulic Equipments, Rishita Engineers
Contents of the report:
1. Executive Summary
2. Power Liftgate Market Report Structure
3. Power Liftgate Market Trends And Strategies
4. Power Liftgate Market - Macro Economic Scenario
5. Power Liftgate Market Size And Growth
…..
27. Power Liftgate Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @
https://www.thebusinessresearchcompany.com/report/power-liftgate-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Power Liftgate Market Size, Industry Share, Trends Report 2033 here
News-ID: 3608264 • Views: …
More Releases from The Business research company
Rail Transit Protective Coating Market Overview: Major Segments, Strategic Devel …
The rail transit protective coating sector is positioned for significant expansion in the coming years, driven by technological advancements and increasing infrastructure investments. This market is evolving rapidly as stakeholders prioritize durability, sustainability, and efficiency in rail transit systems. Let's explore the market's valuation projections, leading companies, emerging trends, and detailed segment analysis to get a clearer understanding of its future trajectory.
Expected Market Size and Growth Outlook for Rail Transit…
Analysis of Segments and Major Growth Areas in the Product Implementation Servic …
The product implementation services sector is on the verge of significant expansion, driven by evolving technology needs and increasing enterprise adoption of sophisticated systems. Understanding the current market size, key contributors, emerging trends, and segment breakdowns offers valuable insights into what lies ahead for this dynamic industry.
Market Size and Expected Growth Trajectory in the Product Implementation Services Market
The product implementation services market is projected to experience strong growth…
Key Strategic Developments and Emerging Changes Shaping the Polyvinylidene Fluor …
The polyvinylidene fluoride (PVDF) resin market is on track for significant expansion over the coming years. Driven by various technological advances and rising demands across multiple industries, this sector is expected to evolve rapidly. Let's explore the anticipated market growth, influential players, key trends, and detailed segmentation shaping the future of PVDF resin.
Projected Growth and Market Size of the Polyvinylidene Fluoride Resin Market
The PVDF resin market is forecasted…
Leading Companies Fueling Innovation and Growth in the Partyline Intercom System …
The partyline intercom systems market is gearing up for significant expansion as communication needs evolve across various industries. With increasing demand for more versatile and efficient communication tools, this sector is set to witness rapid advancements and growing adoption over the coming years. Let's explore the market size projections, key drivers, major players, emerging trends, and important segments shaping this dynamic industry.
Projected Market Size and Growth Trajectory of the Partyline…
More Releases for Lift
Detachable Lift Market
The global detachable lift market databook report is a comprehensive and important source of information that provides critical insights into many aspects of the detachable lift industry. It examines all key participants, including Leitner Poma , Nippon Cable , Kashiyama Industries , Doppelmayr Seilbahnen GmbH , MND Group , LEITNER Ropeways , Anzen Sakudo , Bartholet Maschinenbau , TATRALIFT , Tokyo Cableway, and places a strong emphasis on competitive analysis…
Hydraulic Scissor Lift - Manufacturer and Supplier of Stationary Scissor Lift & …
Hydraulic Scissor Lift
The Company is one of the front Runner in Manufacturing Hydraulic Scissor Lift in India With an ISO 9001-2015 Certification. The core focus of the company lies in superior quality and excellent customer services. With Best Design Easiest To Setup In Any Industry.
Technovision is one of the Leading Manufacturer, Supplier & Exporters of a wide range of products which include Hydraulic Scissor Lift such as Electro Hydraulic Scissor Lift, High Raised Hydraulic Scissor Lift,…
Automotive Multifunctional Lift Systems Market Key players Dannmar Equipment, Ko …
Introduction
Automotive vehicles, in recent years, have become a necessary household entity rather than being a luxury as previously in the past. Rising living standards, rural and urban development, growth in disposable income has lead demand for automobiles to grow significantly over the past years. With high growth in automobile sales, the automotive maintenance, repairing and servicing sector is also expected to expand at a high growth rate over the forecast…
Global Plunger Lifts Market 2018 Analysis -Integrated Production Services (IPS), …
Plunger Lifts are artificial lift methods that offers an economical and established technique for removing liquids form aging gas wells while minimizing gas losses and methane emissions.
According to this study, over the next five years the Plunger Lifts market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents…
Stair Lift Market 2024 | Prism U.K. Medical Limited HIRO LIFT Symax Lift (China) …
Stair Lift Market Overview:
A stairlift is used for transporting people over stairway who are unable or have problem with climbing the stairs. Such lifts are normally used by elderly people or patients. The stairlifts are installed on rails which are either straight or curved. A stairlift is typically an assembly of rail, seat and motor (A.C.or D.C). In terms of application, straight stair lift is used for single floor or…
(AWP) Aerial Work Platform Rental Market 2024 Growth & Regional Revenue By Top P …
(AWP) Aerial Work Platform Rental Market is expected to exceed USD 24 billion by 2024. Increasing investments for the construction of infrastructures such as such as manufacturing facilities, airports, power plants, and roadways are expected to drive the AWP rental market during the forecast timeline.
In addition, various government initiatives focusing on improving the existing infrastructures further contribute towards the demand. With an increase in the number of accidents due to…
