Power Tailgate System Market Expansion Outlook: $4.78 Billion in 2029

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What Is the Projected CAGR for the Power Tailgate System Market from 2024 to 2025?
In recent years, the market size for the power tailgate system has seen significant growth. The market is projected to expand from $3.2 billion in 2024 to $3.44 billion in 2025, with a compound annual growth rate (CAGR) of 7.6%. The notable growth in the historic period can be connected to an increased emphasis on improving user convenience and experience. This is coupled with a rising demand for intelligent, adaptive, and self-adjusting power liftgates, along with a high demand for power tailgates in passenger cars and commercial vehicles. Additionally, the automotive industry's growth and a growing focus on comfort and convenience have further driven this growth.

What are the Expected Market Size and CAGR for Power Tailgate System by 2029?
The market for power tailgate systems is predicted to witness robust expansion in the foroming years, escalating to $4.78 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 8.6%. Factors driving this growth during the forecast period include the rising uptake of electric vehicles, enhanced vehicle electrification and hybridization, surge in the consumer preference for automation and integration of advanced features. Predominant trends within the forecast span encompass the incorporation of Artificial Intelligence (AI), novel automobile technologies, innovative enhancements in vehicle sensors, advancements in electric motor technology, and groundbreaking drivetrain technologies.

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Which Factors Are Driving the Global Power Tailgate System Market Expansion?
The growing interest in electric vehicles is predicted to fuel the expansion of the power tailgate system market. Electric vehicles, propelled fully by electricity stored in batteries or partially by an internal combustion engine teamed with an electric motor, are popular because they cut greenhouse gas emissions, reduce fuel costs, and comply with stricter environmental laws while encouraging sustainable and energy-efficient transportation. Electric vehicles use power tailgate systems for improved convenience and easy trunk access through automated opening and closing mechanisms coordinated by the vehicle's electrical system. For instance, the International Energy Agency, a France-based intergovernmental organization, reported in March 2023 that the electric car market saw a significant surge as 2022 sales exceeded 10 million. Electric cars accounted for 14% of all new car sales in 2022, a substantial leap from approximately 9% in 2021. Consequently, the increasing interest in electric vehicles is fueling the power tailgate system market.

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Which Segment Currently Holds the Largest Share of the Power Tailgate System Market?
The power tailgate system market 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), After market

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

Which Major Trends Are Shaping the Future of the Power Tailgate System Industry?
Leading businesses in the power tailgate system market are striving to create novel solutions like smart electric tailgate actuators. These innovations aim to augment vehicle convenience, escalate user safety, offer effortless hands-free access, decrease energy usage, and enhance overall vehicle efficiency. Smart electric tailgate actuators are sophisticated components that facilitate the automatic, hands-free opening and closing of car tailgates, thereby providing better convenience, safety, and efficiency in contemporary automotive systems. In May 2024, ZHAOWEI, a China-based enterprise producing power transmission systems and gearboxes, introduced a smart electric tailgate actuator tailored for the automotive industry. This groundbreaking product is intended to improve the convenience and safety of power tailgate systems in vehicles. The actuator is built with an optimized gearbox and control line design, which contributes towards escalated torque output while minimizing noise levels during operation. The electric tailgate actuator utilizes an electric spindle motor to open and close the trunk lid spring, and virtually assist in lifting the trunk cover.

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Which Key Players Dominate the Power Tailgate System Industry Globally?
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 Fastest-Growing Regions 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.

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