Press release
Automotive Active Hood Lifter Market Size Forecasted To Achieve $1.73 Billion By 2029 With Steady Growth
Automotive Active Hood Lifter Market Size
What Is the Automotive Active Hood Lifter Market Size and Projected Growth Rate?
Recent years have seen a robust growth in the size of the automotive active hood lifter market. It is projected to rise from $1.14 billion in 2024 to $1.25 billion in 2025, experiencing a compound annual growth rate (CAGR) of 9.1%. Factors like urbanization, the surge in electric vehicle numbers, increasing use of vehicles with advanced systems, growing legislative support, and decreasing insurance premiums have all played a role in the market's growth during the historical period.
Anticipations for robust expansion in the automotive active hood lifter market are high, as it is projected to swell to a worth of $1.74 billion by 2029, scaling at a CAGR of 8.8%. This projected growth in the coming years can be credited to a multitude of factors including increased insurance benefits, a surge in demand for hybrid vehicles and those having top-notch NCAP safety ratings, as well as an escalated focus on lightweight and efficient safety, coupled with the rise in smart cities. In the same period, the market is likely to see several significant trends such as advancements in sensor technology, the fusion of active hood lifters with ADAS, adoption of ultra-fast 5G technology, integration of Artificial Intelligence(AI), and the development of lightweight materials.
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What Are the Major Segments in the Automotive Active Hood Lifter Market?
The automotive active hood lifter market covered in this report is segmented -
1) By Product: Mechanical, Pyrotechnic
2) By Vehicle: Passenger Cars, Commercial Vehicles
3) By Distribution Channel: Original Equipment Manufacturer (OEM), Aftermarket
Subsegments:
1) By Mechanical: Spring-Loaded Mechanical Hood Lifters, Hydraulic-Assisted Mechanical Hood Lifters, Cable-Driven Mechanical Hood Lifters
2) By Pyrotechnic: Single-Stage Pyrotechnic Hood Lifters, Multi-Stage Pyrotechnic Hood Lifters, Advanced Sensor-Integrated Pyrotechnic Hood Lifters
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What Are The Driving Automotive Active Hood Lifter Market Evolution?
An upsurge in attention towards pedestrian safety is anticipated to push forward the expansion of the automotive active hood lifter market. Pedestrian safety signifies measures adopted to ensure pedestrians' safe ambulation and safeguard them from accidents and injuries on roads. The heightened focus on pedestrian safety stems from elements like urbanization, escalating traffic, and increased pedestrian deaths. The automotive active hood lifter boosts pedestrian safety by automatically elevating the hood upon identifying a collision, lessening the force of impact on the pedestrian, and reducing the risk of head injuries. For example, September 2024's Road Casualties in Great Britain: Pedestrian Factsheet, 2023, divulged by the Department for Transport (DfT), a government department based in the UK, revealed a surge in pedestrian deaths in Great Britain from 385 in 2022 to 405 in 2023, constituting a 5.19% jump. Consequently, the mounting concern for pedestrian safety is fueling the evolution of the automotive active hood lifter market.
Which Firms Dominate The Automotive Active Hood Lifter Market Segments?
Major companies operating in the automotive active hood lifter market are Toyota Motor Corporation, General Motors Company, Robert Bosch GmbH, Continental AG, Magna International Inc., Voestalpine AG, Parker-Hannifin Corporation, Emerson Electric Co., Autoliv Inc., SMC Corporation, Festo SE & Co. KG, Daicel Corporation, Beijer Ref AB, Enerpac Tool Group Corp., Pacific Scientific Energetic Materials Company (PacSci EMC), ASTOTEC Automotive GmbH, Duff-Norton, SIPCO Mechanical Linkage Solutions, Aries Engineering Company, Inc., Burr Engineering & Development Company.
What Trends Are Expected to Dominate the Automotive Active Hood Lifter Market in the Next 5 Years?
In the automotive active hood lifter market, leading companies are concentrating on incorporating cutting-edge systems like pyrotechnic systems. This is aimed at augmenting safety by swiftly and efficiently lifting the hood in the occurrence of a collision. A pyrotechnic system is a safety feature that employs monitored explosive charges to rapidly activate or deploy elements in emergency situations, like inflating airbags or raising a vehicle's hood during an accident. In automobile applications, these systems are utilized to enhance safety by triggering rapid reactions that mitigate injury or damage. For example, in November 2023, US-based car company, Tesla, Inc., launched the Active Hood safety system for Model 3. This system is intended to lessen head injuries to pedestrians and cyclists in case of collisions. Outfitted with multiple front-facing sensors, the system senses impacts when the vehicle moves at a speed of 30 to 52 km/h, automatically lifts the hood to lessen the severity of injuries.
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Which Is The Largest Region In The Automotive Active Hood Lifter Market?
Asia-Pacific was the largest region in the automotive active hood lifter market in 2024. The regions covered in the automotive active hood lifter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Active Hood Lifter Market?
2. What is the CAGR expected in the Automotive Active Hood Lifter Market?
3. What Are the Key Innovations Transforming the Automotive Active Hood Lifter Industry?
4. Which Region Is Leading the Automotive Active Hood Lifter Market?
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