Automobile Power Liftgate Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

Automobile Power Liftgate Market

The global market for Automobile Power Liftgate was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.

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Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world"s automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world"s largest car exporter, exporting more than 3.5 million vehicles in 2022.

By Type
• Fully Automatic
• Semi Automatic

By Application
• Passenger Car
• Commercial Vehicle

Key Companies
Brose Fahrzeugteile SE & Co. KG, Johnson Electric Holdings Ltd., HUF Group, Mitsuba Corporation, Magna International, Stabilus GmbH, Continental AG, Continental Engineering Services, Strattec Security Corporation, HI-LEX Corporation, Igarashi Electric Works, Woodbine Manufacturing, Huf Hulsbeck & Furst GmbH & Co., VOXX Electronics Corp, Autoease Technology, Guangdong Dongjian Automobile Technology Co., Ltd., Kaidi Electric

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This release was published on openPR.