Power Liftgate Market was valued at USD 3.75 Bn in 2021 and is expected to reach at USD 6.90 Bn by 2029 at a CAGR of 7.9 % over forecast period 2022-2029.
Power Liftgate Market Overview
The new informative report published by Global market intelligence firm the Maximise Market Research indicates the lucrative growth in the Power Liftgate Market in the forecasted period through 2029. MMR has served 34 countries with 600 clients efficiently across the globe since 2017.
A powered liftgate is a feature of an automobile that prevents the liftgate from opening or closing if the vehicle is too close to an obstruction for the liftgate to move freely. The current invention relates to automobiles with a liftgate that opens upward to provide access to the back of the car, more specifically to a car with a power-driven liftgate opening mechanism.
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Market Scope
The report indicates the deep evaluation of the Power Liftgate Market and its different market segmentation. The research for the report also includes the regional analysis of market dynamics, which assists readers in comparing past trends to current market scenarios and the contributions of key players. Use of different methodologies are undertaken to analyse the market such as SWOT, PESTLE and PORTER’s five forces for studying the strengths and weakness and new upcoming opportunities and challenges to market.
Power Liftgate Market Segmentation
The global power liftgate market is divided into four categories: sales channel, region, vehicle type, and type of system. The hands-free power liftgate held the market by System type in 2019 and is anticipated to maintain this dominance over the forecast period. With the aid of a power hydraulic mechanism, these liftgates are used to speed up the process of lifting heavy objects into trucks by reducing the need for human labour.
By type of vehicle, the passenger vehicle segment is anticipated to hold a market share during the forecast period. The demand for passenger vehicles is being fueled by a number of factors, including rising purchasing power and strengthening economies. Thus, it is anticipated that increased spending on passenger vehicles will fuel this segment’s market growth over the coming years.
Geographically speaking, Asia Pacific held a market share of the global market in 2019 and is anticipated to maintain this dominance over the period of the forecast. Increasing middle-class disposable income, high living standards, and rising auto sales are all present in the area.
Key Players
• Aisin Seiko co., ltd, (Japan)
• Brose Fahrzeugteile GmbH & Co. KG (Germany)
• Faurecia SA (France)
• Grupo Antolin Irausa S.A, (Spain)
• Huf Hülsbeck & Fürst GmbH & Co. KG. (Germany)
• Johnson electric (China)
• Magna International Inc., (Canada)
• Stabilus GmbH (Germany)
• Woodbine Manufacturing Co. Inc. (Tommy Gate) (US)
• STRATTEC (US)
• Robert Bosch GmbH (Germany)
• Continental AG (Germany)
• Stabilus GmbH
• HI-LEX Corporation
• VOXX Electronics Corp
• Powder-Packer Corp
• Autoease Technology
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Regional Analysis
The report gives the detailed regional analysis to its readers which is divided into specific Power Liftgate Market regions. The research evaluates the regional and local market segments to understand the consumer and demands behaviour to get know about the target audience. The region portion of the research also provides key market influencing aspects and changes in market regulations. This report can help one to understand the regional as well as global Power Liftgate Market and to make competitive and profitable strategies which appropriately applicable according to specific countries and regions in the market.
Key Questions answered in the Power Liftgate Market Report are:
- What is Power Liftgate Market ?
- What is the forecast period of the Power Liftgate Market ?
- What is the competitive scenario of the Power Liftgate Market ?
- Which region held the largest market share in the Power Liftgate Market ?
- What are the opportunities for the Power Liftgate Market ?
- What factors are affecting the Power Liftgate Market growth?
- Who are the key players of the Power Liftgate Market ?
- Which company held the largest share in the Power Liftgate Market ?
- What will be the CAGR of the Power Liftgate Market during the forecast period?
- What key trends are likely to emerge in the Power Liftgate Market in the coming years?
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Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Power Liftgate Market
- Landscape- Leading key players and other prominent key players.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial marketresearch, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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