Global Automotive Power Liftgate Market: Overview

Automotive power liftgate refers to a back-door system that is controlled by the vehicle user. The user presses a key fixed onto a handheld remote or a dashboard to open and close the tailgate/ lift gate of a vehicle. Automotive power liftgate makes an offering of height memory and intelligent anti-trap function, amongst many other interesting tasks. This automotive system is a hands-free one and can be operated from remote locations as well. Such benefits of the system are likely to trigger growth of the global automotive power liftgate market over the timeframe of analysis, from 2020 to 2030.

In terms of design, the doors of automobiles are very different; it varies from one automobile maker to another. It is even different from one vehicle to another. Nevertheless, the mechanism of the system remains the same. The automotive power liftgate come with excellent anti-corrosion qualities and this ensure accurate function of the back doors and prolonged life. All these factors are likely to play an important role in the development of the global automotive power liftgate market over the period of analysis, from 2020 to 2030. 

The global automotive power liftgate market has been segmented on the basis of three important parameters, which are vehicle type, sales channel, and region.

Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report

Global Automotive Power Liftgate Market: Notable Developments

One of the recent developments in the global automotive power liftgate market that is likely to leave an impact on the market is mentioned-below

  • In April 2020, Canadian-based mobility technology provider for automakers, Magna International Inc, won 2020 Automotive News PACE Award for the making of its composite space frame liftgate reinforcement solution. This product is used in Toyota Supra. It offers 10 percent of weight savings in comparison with its steel counterpart.

Some of the prominent organizations in the global automotive power liftgate market comprise the below-mentioned:

  • Power-Packer Corporation
  • Brose Fahrzeugteile GmbH & Co. KG
  • Strattec Security Corporation
  • Igarashi Electric Works Ltd
  • Magna International Inc.

Global Automotive Power Liftgate Market: Key Trends

The global automotive power liftgate market is characterized by the presence of the following restraints, drivers, and opportunities.

Burgeoning Business of the Automotive Sector is likely to Widen Scope of the Market

The expansion of the global automotive power liftgate market is likely to be influenced by the phenomenal growth of the automobile sector. With the advent of several innovations and technological upgrades in the automotive sector, which comprises hands-free regulation of back doors, the global automotive power liftgate market is expected to observe considerable growth in the years to come. In addition to that, quite a few insurance companies make an offering of discount on insurance premium for vehicles fitted with high-end technologies. This factor is likely o augur well for the market in the times to come.

Several original equipment manufacturers (OEMs) are aiming to come with high-end technologies in various types of vehicles, which is likely to widen the scope of growth of the global automotive power liftgate market over the timeframe of analysis, from 2020 to 2030.

Looking for Regional Analysis or Competitive Landscape in Global Automotive Power Liftgate Market, ask for a customized report

Global Automotive Power Liftgate Market: Geographical Analysis

Accounting for a considerable share of the global automotive power liftgate market, Asia Pacific is estimated to emerge as one of the rapidly growing region throughout the timeframe of analysis, from 2020 to 2030. Rising disposable income of the people in the region together with increased research and development activities in the automotive sector is likely to work in favor of the market in the Asia pacific region in the near future.

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
  • Strategic Frameworks: The study offers how organizations are setting both short-term and long-term strategic plans. Our team of experts collaborate and communicate with you to understand these to make your organizations sustainable and resilient during tough times. The insights help them decide sustainable competitive advantage for each business units.
  • Benchmarking for Deciding Target Markets and Brand Positioning: The assessments in the study provides a scrutiny of marketing channels and marketing mix. Our various teams work synergistically with you to help identify your actual and potential direct, indirect, and budget competition areas. Additionally, the study helps you decide most effective budgets for various processes and promotional activities. Furthermore, the study guides you to set benchmarks for integrating people and processes with the 4Ps of marketing. Eventually, this will empower you to find out unique propositioning strategies and niches.
  • Business Composability for Sustainability (C-S): Constant strategy planning for sustainability characterizing our C-S framework in the report has become more relevant than before in the face of disruptions caused by pandemics, recessions, boom and bust cycles, and changing geopolitical scenario. The TMR study offers a high level of customization to help you achieve business composability. Composable enterprises are increasingly gaining the attention of CXOs in order to help them combat market volatility. Our analysts and industry experts help you wade through such uncertainties and guide you to become a smart sustainable business in entirety.

The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Automotive Power Liftgate Market