Press release
Power Tailgate System Market Size Forecasted To Achieve $4.9 Billion By 2029 With Steady Growth
Power Tailgate System Market Size
What Is the Power Tailgate System Market Size and Projected Growth Rate?
The power tailgate system market size will grow from $3.2 billion in 2024 to $3.49 billion in 2025 at a CAGR of 9.0%. Growth is attributed to demand for smart, self-controlling liftgates, comfort and convenience, and automotive industry expansion.
The power tailgate system market is projected to grow to $4.91 billion by 2029 at a CAGR of 8.9%. Growth drivers include electric vehicle adoption, vehicle electrification, hybrid vehicle rise, automation demand, and smart features. Trends include AI integration, innovative automobile technologies, vehicle sensor advancements, electric motor innovation, and drivetrain technology developments.
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What Are the Major Segments in the Power Tailgate System Market?
The power tailgate systemmarket covered in this report is segmented -
1) By System Type: Conventional, Hands-Free Power Liftgate
2) By Component: Electric Motors, Control Modules, Sensors, Wiring Harnesses, Struts Or Shocks, Door Locks, Other Components
3) By Propulsion: Internal Combustion Engine (ICE), Electric
4) By Vehicle Type: Passenger Car, Commercial Vehicle, Heavy Vehicles
5) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
Subsegments:
1) By Conventional Power Liftgate: Electric Liftgate, Hydraulic Liftgate, Pneumatic Liftgate, Manual Override Options
2) By Hands-Free Power Liftgate: Sensor-Based Systems, Kick Sensors, Remote Keyless Entry Systems, Mobile App Control Systems
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What Are The Driving Power Tailgate System Market Evolution?
The growing demand for electric vehicles (EVs) is expected to propel the power tailgate system market. EVs are powered by electric energy stored in batteries or a combination of an internal combustion engine and an electric motor. The increasing demand for EVs is driven by their ability to reduce greenhouse gas emissions, lower fuel costs, and meet environmental regulations, while offering sustainable and energy-efficient transportation. Power tailgate systems in electric vehicles provide convenience with automated opening and closing mechanisms powered by the vehicle's electrical system. The electric car market saw significant growth, with over 10 million units sold in 2022, up from 9% in 2021, highlighting the expanding demand for EVs.
Which Firms Dominate The Power Tailgate System Market Segments?
Major companies operating in the power tailgate system market are Robert Bosch GmbH, Continental AG, Magna International Inc., Aisin Seiki Co. Ltd., Brose Fahrzeugteile SE & Co. KG, Johnson Electric Holdings Limited, Huf Holding GmbH & Co. Kg, Stabilus GmbH, Kiekert AG, Strattec Security Corporation, Mitsuba Corporation, Multimatic Inc., Huf Hülsbeck & Fürst GmbH & Co. KG, Tomo Corporation, Ningbo Twirl Motor Co. Ltd., Power-Packer, Igarashi Electric Works Ltd., Airplex Automotive, Calsonic Kansei Corporation, Autoease Technology Co. Ltd.
What Are the Major Trends Shaping the Power Tailgate System Market?
Major Companies in the power tailgate system market are creating smart electric tailgate actuators to improve vehicle convenience, safety, and efficiency, providing hands-free access. These actuators enable automatic opening and closing of vehicle tailgates. For instance, in May 2024, ZHAOWEI, a China-based company, introduced a smart electric tailgate actuator with an optimized gearbox and control line design. This actuator increases torque output, reduces noise levels, and enhances safety by using an electric spindle motor to open and close the trunk lid.
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Which Is The Largest Region In The Power Tailgate System Market?
North America was the largest region in the power tailgate system market in 2024. Asia-Pacific is expected to be the fastest growing region in the market. The regions covered in the power tailgate system 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 Power Tailgate System Market?
2. What is the CAGR expected in the Power Tailgate System Market?
3. What Are the Key Innovations Transforming the Power Tailgate System Industry?
4. Which Region Is Leading the Power Tailgate System Market?
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