Lewes, DE -- (SBWire) -- 06/19/2019 --Global Automotive Power Liftgate market will register a 11.5% CAGR in terms of revenue, the global market size will reach USD 5.27 Billion by 2024, from USD 3.06 Billion in 2019.
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 Automotive Power Liftgate market is very concerted market; the revenue of top ten manufacturers accounts about 79% of the total revenue in 2018. The high-end products mainly come from USA and Europe.
The leading manufactures mainly are Brose, Continental, Magna, Aisin and Huf Group. Brose is the largest manufacturer; its revenue of global market exceeds 19% in 2018.
Geographically, the global Automotive Power Liftgate market has been segmented into North America, Europe, China, Japan, India, Southeast Asia and RoW. The Europe held the largest share in the global market, its revenue of global market exceeds 50.88% in 2018. The next is North America.
According to this study, over the next five years the Automotive Power Liftgate market will register a 11.5% CAGR in terms of revenue, the global market size will reach US$ 5270 million by 2024, from US$ 3060 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Automotive Power Liftgate business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Power Liftgate market by product type, application, key manufacturers and key regions and countries.
This study considers the Automotive Power Liftgate value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Conventional Type
Hands-free Type
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
SUV
Sedan
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Brose
Continental
Magna
Aisin
Huf Group
HI-LEX
Stabilus
QLTC
Edscha
STRATTEC
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Automotive Power Liftgate consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Automotive Power Liftgate market by identifying its various subsegments.
Focuses on the key global Automotive Power Liftgate manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Automotive Power Liftgate with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Automotive Power Liftgate submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Spanning over 134 pages "Forecast of Global Automotive Power Liftgate Market Growth 2024" report covers Scope of the Report, Executive Summary, Global Automotive Power Liftgate by Players, Automotive Power Liftgate by Regions, Market Drivers, Challenges and Trends, Marketing, Distributors and Customer, Global Automotive Power Liftgate Market Forecast, Key Players Analysis, Research Findings and Conclusion.
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