Press release
Automotive Active Hood Lifter Market Size Forecasted To Achieve 1.72 Billion By 2029 With Steady Growth
Automotive Active Hood Lifter
What Is the Automotive Active Hood Lifter Market Size and Projected Growth Rate?
The market for automotive active hood lifters has seen substantial growth in recent years. The market size, which was $1.14 billion in 2024, is predicted to further increase to $1.25 billion in 2025, representing a compound annual growth rate (CAGR) of 9.1%. The growth experienced in the past can be tied to factors such as urbanization, the upsurge in electric vehicles, the increase in vehicles with advanced systems, the growth in legislative support, as well as a reduction in insurance premiums.
In the coming years, robust growth is anticipated in the automotive active hood lifter market, with the market size expected to reach $1.74 billion by 2029, showcasing a compound annual growth rate (CAGR) of 8.8%. This growth projection for the forecast period is driven by factors such as enhanced insurance benefits, increased demand for hybrid vehicles and those with superior NCAP safety ratings, and an increasing focus on lightweight, efficient safety features in conjunction with the rise of smart cities. Expected trends within this period include technology advancements in sensors, synergy between active hood lifters and advanced driver-assistance systems (ADAS), the embrace of 5G technology for quicker response times, incorporation of artificial intelligence, and the creation 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?
With increasing awareness and concern for pedestrian safety, the market for automotive active hood lifters is set to experience significant growth. Pedestrian safety measures, aimed at ensuring safe travel and shielding pedestrians from accidents and injuries on the streets, is becoming increasingly important due to factors such as urbanization, amplified traffic, and rising pedestrian death rates. Automotive active hood lifters improve pedestrian safety by automatically elevating the hood when a collision is detected, lessening the force of impact on the pedestrian and reducing the occurrence of head injuries. For instance, as per the Road Casualties in Great Britain: Pedestrian Factsheet, 2023 by the UK Department for Transport (DfT), in September 2024, pedestrian deaths in Great Britain saw a rise from 385 in 2022 to 405 in 2023 - a 5.19% increase. The increasing concern for pedestrian safety underscores the expansion 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?
Innovative systems like pyrotechnic systems are being integrated by major players in the automotive active hood lifter market to enhance safety. Deploying the hood quickly and efficiently during an accident is possible with these systems. Pyrotechnic systems are safety features that use controlled explosions to activate or deploy elements swiftly in emergencies, such as inflating airbags or raising a car's hood during a crash. They enhance safety in automotive applications by initiating quick reactions that minimise injury or damage. For instance, the Active Hood safety system was launched in November 2023 by Tesla, Inc., a US-based vehicle company, for the Model 3. It's designed to reduce head injuries to pedestrians and cyclists during crashes. This system is armed with multiple front-facing sensors, which detect impacts when the vehicle is moving between 30 and 52 km/h and automatically lift the hood to lessen injury severity.
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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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