Press release
Emerging Trends Influencing The Growth Of The Smart Tailgate Market: Focus On Noise-Reduction Technology For Enhanced User Experience
Smart Tailgate Market Size
How Big Is the Smart Tailgate Market Size Expected to Be by 2034?
In recent times, there has been a significant increase in the size of the smart tailgate market. It is projected to expand from a total of $3.47 billion in 2024 to reach $3.81 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.8%. This robust growth during the historic period was driven by several factors, such as the burgeoning e-commerce and logistics sectors, the growth of the electric vehicle (EV) market, a surge in the demand for shared mobility, a heightened emphasis on user experience, and an increased demand for commercial vehicles.
It is anticipated that the smart tailgate market will experience robust expansion in the coming years, projected to reach $5.46 billion by 2029 with an annual compound growth rate (CAGR) of 9.4%. The augmentation in the market size during the forecast period is likely to be due to rising demand for high-end vehicles, an increasing inclination towards automated and hands-free solutions, evolving urban lifestyle, growth in disposable income, and a surge in the customization of aftermarket products. Key trends projected to landmark this period involve multi-purpose tailgates, their integration with mobile applications, the embracing of augmented reality (AR), advancements in actuators, sensors and automation technologies, and their integration with intelligent vehicle systems.
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What Are the Emerging Segments Within the Smart Tailgate Market?
The smart tailgate market covered in this report is segmented -
1) By Type: Power Tailgate, Hands-Free Tailgate
2) By Technology: Sensor-Based, Camera-Based, Other Technologies
3) By Vehicle Type: Passenger Cars, Commercial Vehicles
4) By Application: Original Equipment Manufacturer, Aftermarket
Subsegments:
1) By Power Tailgate: Button-Controlled Power Tailgate, Remote-Controlled Power Tailgate, Sensor-Based Power Tailgate
2) By Hands-Free Tailgate: Foot Gesture-Activated Tailgate, Proximity Sensor-Activated Tailgate, Voice-Controlled Tailgate
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What Long-Term Drivers Are Shaping Smart Tailgate Market Trends?
The expansion of the luxury automotive industry is predicted to drive the development of the smart tailgate market. This segment of the auto industry focuses on high-quality vehicles equipped with next-level technology, impressive performance, and unique aesthetics. The emergence of this industry can be attributed to increasing disposal incomes as well as the evolving preference of consumers for more upscale experiences. As the world's wealth grows, so does the demand for luxurious cars offering top-notch comfort, high performance, and innovative features. Smart tailgate adds to the luxury of these vehicles by providing effortless, hands-free access to the vehicle's rear, improving user experience through convenience and safety, achieved with the help of advanced sensors and automation. Supporting, BMW Group - a Germany based luxury vehicles and motorcycles' manufacturer, released a report in January 2024, announcing the company's unprecedented sales performance in the year 2023. The company successfully delivered 2,555,341 vehicles across its luxury brands including BMW, MINI, and Rolls-Royce, marking a growth of 6.5%. Also, the company witnessed a year-over-year sales boost of 10.3% in the fourth quarter of 2023, with the sales reaching 718,778 units. Consequently, the evolving luxury auto sector is set to boost the smart tailgate market.
Who Are the Top Competitors in Key Smart Tailgate Market Segments?
Major companies operating in the smart tailgate market are Hyundai Motor Company, Kia Corporation, Continental AG, Magna International Inc., Aisin Seiki Co. Ltd., Opmobility Ltd., Brose Fahrzeugteile GmbH & Co. KG, Mitsuba Corporation, Huf Hülsbeck & Fürst GmbH & Co. KG, Wuling company, Shenzhen Qinglian Tongchuang Automobile Electronics Co. Ltd., Padmini VNA Mechatronics Ltd., NMB Technologies Corporation, Huizhou Yopine Technology Co. Ltd., Veigel GmbH + Co. KG, Twirl Motor Technologies, Shenzhen Zhaowei Machinery & Electronics Co. Ltd, Dongguan Kaimiao Electronic Technology Co. Ltd, Guangzhou Tomaster Auto Parts Co. Ltd, Guangzhou Zhihang Electronics Technology Co. Ltd
What Are the Major Trends Shaping the Smart Tailgate Market?
Prominent businesses within the smart tailgate industry are striving to develop pioneering technologies such as noise-reduction strategies to improve the vehicle's interior quietness and amplify the user's experience. This technology works by utilizing sound-absorbing materials, active noise eradication, or vibration-diminishing techniques to decrease undesirable noise. It minimizes both mechanical and aerodynamic noise thereby enhancing passenger comfort and vehicle functionality. As an illustration, in February 2024, the China-based manufacturer, Shenzhen Zhaowei Machinery & Electronics Co. Ltd., introduced the smart electric tailgate actuator. This innovation automates tailgate functioning through a remote control, thereby providing greater convenience particularly when handling several items. It exhibits low noise levels, reliable operation, sleek design, high torque, and robust load capacity, all of which enhance the overall user experience. The adoption of noise-reducing technology in smart tailgate units demonstrates an escalating demand for noiseless, more productive vehicle components in today's automobiles.
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Which Regions Are Becoming Hubs for Smart Tailgate Market Innovation?
North America was the largest region in the smart tailgate market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart tailgate 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 Smart Tailgate Market?
2. What is the CAGR expected in the Smart Tailgate Market?
3. What Are the Key Innovations Transforming the Smart Tailgate Industry?
4. Which Region Is Leading the Smart Tailgate Market?
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