Automotive Liftgate Market Share, Trends and Industry Research Report, 2017 - 2024: Global Market Insights Inc.
SUV is a combination of car, power and functionality of utility vehicle, it offers more space, comfortable seats and attractive appearance. Diverse features and various characteristics drives the demand for SUV in the automobile sector.
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Transportation infrastructure investment is projected to rise at over 4% in near future, efficient connectivity and flexibility in mobilization has drove the demand. Road will remain biggest investment area in the forecast time, this is due to rise in propensity and vehicle ownership in all the countries. Urbanization, digitalization and trend towards larger fleets has surged demand for heavy vehicles therefore positively influenced automotive liftgate market.
Automotive Liftgate Market is available in two types including, metals and composites material. Composites accounts for higher market share due to its light weight property. Based on its types they are bifurcated into conventional, rail type, side loader and tuck away. Convectional gateways are most functional due to its high storage capacity and light weight. They are used in various applications such as trucks, SUV, van and minivan.
Europe is highly flourishing region for the product, it manufacturers highest number of trucks in the world. It hosts many big truck manufacturing companies such as Mercedes, Invesco and Grebe. Its focus in on manufacturing superior quality product that are efficient, secure and environment friendly. With increasing demand and manufacturing of trucks, automotive liftgate market is simultaneously growing.
Various disadvantages of using truck such as expensive for long hauls and bulky commodities. It is highly affected by the climatic condition and restrictions imposed by states regarding size and weight of the cargo. Other factor hindering the growth of automotive liftgate market is road transportation. Frequent accidents, inadequate roads, heavy taxes, poor maintenance of roads and rising price of petrol and diesel.
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Key manufacturers in automotive liftgate market are HIAB, Says Group, Pal finger, Zero, Fiat Chrysler, General Motors Company, Magna International, Plastic Omnia Group, Toyota Corporation and Honda Motor Company. HIAB expands customer service centers in Israel in 2016. Objective of expansion was to boost a brand-new installation workshop and separate customer service center. Their focus was to offer increased capacity, efficiency, and a better customer focus to service clients in a business that is growing rapidly. Customer fulfilment and expanding global footprint is the focus for the company.
Automotive Liftgate Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, France, UK, Italy, Russia, China, Japan, India, Thailand, Indonesia, Malaysia, Australia, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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