Power Liftgate Market Forecasts to 2028 – Global Analysis By System Type (Conventional, Hands-Free Power Liftgate), Product (Automatic, Semi-Automatic), Vehicle Type, Sales Channel, Application, and By Geography

Power Liftgate Market Forecasts to 2028 – Global Analysis By System Type (Conventional, Hands-Free Power Liftgate), Product (Automatic, Semi-Automatic), Vehicle Type, Sales Channel, Application, and By Geography

According to Stratistics MRC, the Global Power Liftgate Market is accounted for $3.56 billion in 2021 and is expected to reach $5.72 billion by 2028 growing at a CAGR of 7.0% during the forecast period. The power liftgate is a vehicle indirect access framework and it is worked by both a hand-held remote or by squeezing a key on the dashboard framework. The client can handle the vehicle liftgate open and close by squeezing a key. It is intended for safeguard activity on account of organization or power misfortune. This framework comprises of an electronic control unit, a drive unit, a capacitive sensor framework, against squeeze strips, and a power liftgate actuator. This power liftgate ensures the long life and perfect working of back doors for its anti-corrosion properties.

Market Dynamics:

Driver:

Rise in demand for sensor and electronic based components

Sensor and electronic-based components are in demand due to the increase in requirement of automated, smart, and connected cars. Different applications, which include brake vacuum sensor for pressure measurement, clutch sensors to determine the position of the clutch, and others drive the need for sensors. The various components such as power hatch lift motor, hatch lift supports, and actuator, play a crucial role in the power liftgate system. Proximity sensors are used to detect the nearby objects without any physical contact. Thus, the sensors and electronic-based components/devices fuels the demand for hands free liftgate in the market. This enables effective and safe storage and hassle-free luggage handlings.

Restraint:

Lack of skilled operators

Due to the lack of skilled operators like sense mechanism, Component reliability issues, and high-cost configuration for the development of power liftgate may restrict the growth of the market revenue. Sensors, actuators, and other electronic units are assembled in a single unit which results in a higher price that leads to an increase in the manufacturing cost of the product. The quality of the sensing mechanism was degraded due to the irregular maintenance and poor way of handling.

Opportunity:

Increasing need for effective automatic liftgate/tailgate in the vehicle

The traditional or manual liftgate does not include precise way of latch locking and does not show any indication of proper latching on dashboard panel; therefore, the automatic operated tailgate is introduced in the market. Liftgates are used with the help of power hydraulic mechanism to reduce the human efforts to lift the heavy objectives in the trucks within less time.

Threat:

High configuration cost and degradation of sensing mechanism

Components like sensors, actuators and other electronic units that assembled in single dielectric plate results into higher price, which ultimately increases the overall manufacturing cost of the product. Irregular maintenance and poor way of handling will degrade the quality of sensing mechanism such parameters restrict the adoption and hinders the growth of power liftgate market size.

The hands-free power liftgate segment is expected to be the largest during the forecast period

The hands-free power liftgate segment is estimated to have a lucrative growth. Hands-free power liftgate is a back-door system, the user of the vehicle controls the liftgate/tailgate opening and closing by pressing a key located on the dashboard or handheld remote. The hands-free power liftgate also offers intelligent anti-trap, height memory function and other functions. In addition, Asia-Pacific is the major contributor in hands-free power liftgate share, and expected to maintain its lead in power liftgate market forecast. Furthermore, hands-free power liftgate is anticipated to grow at a significant growth rate according to hands-free power liftgate market analysis. Leading luxury vehicle manufacturer are launching new range of vehicle with hands-free power liftgate as the added feature. For instance, Mercedes-Benz, a top automobile manufacturer has added the feature of hands-free power lift in the new range of C-Class Sedan and C-Class Coupe. The feature of power liftgate allows the user to close and fully open the liftgate just by using the switch in the interior door panel or button on the SmartKey remote. The feature also comes with power liftgate with hands-free access which is useful for lower garages. This feature allows the power-open or close with a gentle kick under the rear bumper which is very useful specially when the user’s hands are full.

The passenger vehicle segment is expected to have the highest CAGR during the forecast period

The passenger vehicle segment is anticipated to witness the fastest CAGR growth during the forecast period due to the rising demand for luxury vehicles because of the increasing disposable income and living standards of the middle class. Moreover, the growing demand for passenger vehicles with features such as automatic door opening and closing, advanced sensor systems, and liftgate lock systems are propelling the passenger vehicle segment.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period due to the due to its rise in middle-class people with high living standards that increase automobile sales. Other factors driving the market in the region include the increasing sales of electric vehicles due to the strict emission regulations, growing need to increase customer comfort and convenience, and increasing demand for autonomous vehicles. In addition, relatively relaxed regulations in terms of industrial operations are expected to aid stronger growth for the duration of the assessment period.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period owing to the increase in demand for environment-friendly vehicles, increasing deployment from commercial vehicles and, luxury vehicles in the U.S and Canada. The sales of many large luxury vehicle models in the United States have risen in 2020, with the Audi A8, BMW 6-series, Jaguar XJ, and Tesla Model S reflecting major increases over sales figures of 2019. Further, Mercedes has gained from a new lineup. The sales of the 3-row GLS rose by 36% in the 2nd quarter of the year. The transition towards electric and hybrid automobiles have been major growth drivers in the region. The North American power liftgate market is also expected to be influenced by the presence of several leading automotive OEMs and automation technology developers, especially in the United States. Strict road safety rules and innovations in advanced driver assistance systems with AI and IoT improvements are likely to drive the power liftgate industry here.

Key players in the market:

Some of the key players profiled in the Power Liftgate Market include Continental AG, Ford Motor Company, General Motors Company, Honda Motor Company, Johnson Electric, Magna International Inc., Meridian Lightweight Technologies, Plastic Omnium Group, Robert Bosch GmbH, Strattec Power Access, Tesla, Toyota Motor Corporation, Trinseo S.A. and Volkswagen Group.

Key Developments:

In October 2020, Tesla rolled out a number of subtle changes for the Model 3 in the all-electric sedan’s recently rolled out “refresh,” from new chrome deleted accents to a new center console. A powered lift gate has also become standard across the Model 3 line, a welcome update that will most definitely be appreciated by electric car buyers.

In January 2022, Ford's new tailgate design features 3 sections, with the middle serving as a side-hinged door.

Types Covered:
• Hydraulic
• Electric

System Types Covered:
• Conventional
• Hands-Free Power Liftgate

Products Covered:
• Automatic
• Semi-Automatic

Vehicle Types Covered:
• Passenger Vehicle
• Commercial Vehicle

Sales Channels Covered:
• Original Equipment Manufacturer (OEM)
• Aftermarket

Applications Covered:
• Sports Utility Vehicle (SUV)
• Sedan & Hatchback
• Multi-Purpose Vehicle (MPV)
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances