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Automotive Power Liftgate Market to Grow Extensively with CAGR Till 2025

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Los Angeles, CA -- (SBWIRE) -- 04/12/2019 -- This report focuses on the Automotive Power Liftgate market. A power tailgate system is a device that aids the opening and closing a car's tailgate or boot lid automatically. The tailgate can be opened and closed by pressing a button in the dashboard, using a remote controller, or through gestures, which are tracked by sensors placed beneath the rear bumper. The system consists of mechatronic components that are enclosed in a power assembly comprising electric latches, component carriers, and closures for opening and closing of the tailgate.

The global production of the Power Liftgate is about 2381 K units, Europe is the largest production region, the Europe occupies about 52% of the market share in 2016, the second largest region is North America, North America occupies about 27% market share, the Asia has little production, it only occupies about 15% market share; the largest company is brose, it occupies about 53% of the market share, the second largest company is Huf; The main factors pushing for the healthy growth of this market is the increasing need for safety, performance, stability, and comfort. Additionally, various governmental agencies are pushing for a standard deployment of advanced driver assistance systems (ADAS), use of active safety systems, anti-intrusion and anti-theft systems, and automatic emergency braking systems. Additionally, with the increasing penetration of electric vehicles, this market is set to grow at a healthy rate through the forecast period.

The largest consumption region is Europe, it occupies about 59% market share, the second largest region is the North America, it occupies about 18% market share, and the smallest consumption region is RoW, China has the largest consumption growth rate.

The global Automotive Power Liftgate market was 1020 million US$ in 2018 and is expected to 2920 million US$ by the end of 2025, growing at a CAGR of 14.0% between 2019 and 2025.

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This report studies the Automotive Power Liftgate market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Automotive Power Liftgate in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

Brose

Huf

Magna

HI-LEX

Aisin

STRATTEC

By the product type, the market is primarily split into

Conventional Power Liftgate

Hands-free Power Liftgate

By the end users/application, this report covers the following segments

SUV

Sedan

Other

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