An automotive liftgate is a mechanical arrangement mounted at the rear end of a vehicle in order to facilitate loading and unloading of material and cargo. Liftgates are also known as tail lifts. Generally, fork lifts are used for loading and unloading of components and materials from vehicles to the ground or vice versa. Liftgates reduce the necessity for using fork lifts. They can be found in a wide range of applications in the transportation industry and for disposal purposes.

An expansion in the construction and agriculture industries is fueling demand for commercial vehicles across the globe. Increased demand for transportation is primarily driving the demand for automotive liftgates. Automotive liftgates eliminate the use of forklifts for loading and unloading of cargo and heavy materials into trucks and other vehicles. They reduce the distance between the loading dock and the vehicle load bed. These advantages are driving demand for automotive liftgates.

However, automotive liftgates are made of metal or composite material. This leads to their increased cost and weight. These factors are likely to primarily restrain the global automotive liftgates market.

The global automotive liftgates market can be segmented based on operation, type, material, manufacturing process, vehicle, sales channel, and region. Based on operation, the global automotive liftgates market can be segmented into three categories. The hydraulic liftgates segment accounts for a major share of the global automotive liftgates market. Hydraulic liftgates are efficient, fast, and reliable in operation. Therefore, several liftgate manufacturers and consumers prefer hydraulic liftgates. Mechanical liftgates are cost effective. However, they are not preferred by consumers, owing to their slow and ineffective performance.

In terms of type, the global automotive liftgates market can be segmented into four categories. Colum liftgates are specially designed for 3 to 5 ton vehicles. These liftgates are light in weight but are able to handle significant load because of their rigid columns and aluminum structure. Cantilever liftgates are widely used because of their compactness, light weight, and superior performance.

Based on material, the global automotive liftgates market can be classified into two segments. Vehicle manufacturers are focused on reducing vehicle weight in order to meet the stringent emission norms set by governing bodies. This is propelling demand for liftgates made of composite materials. Composite materials offer superior strength and a marginally lower weight. In terms of manufacturing process, the global automotive liftgates market can be divided into three segments. Stamping is a widely preferred method of manufacturing liftgates. The manufacturing process provides uniform stress and strength distribution. The method is less time consuming and, therefore, preferred by a majority of liftgates manufacturers.

Based on vehicle, the global automotive liftgates market can be categorized into two prime segments. Liftgates are primarily used in commercial vehicles in applications such as transporting construction equipment, cargo, heavy components, and vehicles. Besides commercial vehicles, liftgates are prominently used in SUVs. An increase in the use of SUVs for transporting light goods and components is fueling demand for liftgates. In terms of distribution channel, the OEM segment holds a major share of the global automotive liftgates market. Several liftgate manufacturers operate in the aftermarket for automotive liftgates. These manufacturers provide tailor made liftgate solutions for consumers.

Based on region, the global automotive liftgates market can be segmented into five prominent regions. North America dominates the automotive liftgates market. A vast mining and oil & gas industry, expanding agriculture industry, and increased transportation have resulted in an increase in demand for commercial vehicles across North America. This, in turn, is boosting demand for automotive liftgates. Expansion in the transportation sector and increase in the use of vehicles for agriculture are propelling the automotive liftgates market across Asia Pacific.

Key players operating in the global automotive liftgates market are Plastic Omnium, Magna International Inc., Anthony Liftgates, Inc., Woodbine Manufacturing Co. Inc., Brose Fahrzeugteile GmbH & Co. KG, Palfinger AG, Cargotec Corporation, Leyman Manufacturing, Inc., Anteo, TVH Group, Patron Group Ltd, and Thermo King.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Automotive Liftgates Market

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