Global Smart Tailgate Market: Introduction

A tailgate is the closing door of the boot compartment of a vehicle. The smart tailgate is a type of tailgate that is generally incorporated in fully power operated passenger cars. A smart tailgate detects and senses foot movement through sensors and transmits the information to the control module, which opens and closes the tailgate. Smart tailgate offers safety precautions while operating. For instance, if some obstacle within the tailgate range is sensed by it, then it stops the operation

Global Smart Tailgate Market: Competitive Landscape

  • In 2018, Covestro AG showcased its concept study of one-part tailgate with joined backlight and indicator where its lightweight polycarbonate materials are a seamless solution. This reduces the wires complexity of the backlight and provides weight savings of roughly 30%, as vis-à-vis to the conventional tailgate structure.

Magna International Inc.

Magna International Inc. was founded in 1957. It’s headquartered in Aurora, Canada. The company designs, develops and manufactures automotive systems, assemblies, exterior parts, and equipment. It supplies these parts to the automotive industry worldwide. Magna International Inc.’s major customers include Aston Martin, BMW, Citroën, Chrysler, Cummins, Suzuki, Harbin, John Deere, Hafei, Liebherr, Jatco, MAN, Navistar, PACCAR, and Kubota.

Plastic Omnium

Established in 1946, Plastic Omnium is presently based in Levallois Cedex, France. The company is one of the leading global companies that manufactures automotive equipment such as body modules and structural components, emissions reduction systems, and fuel tanks. The company operates through a network of 124 manufacturing plants and 24 research and development centers located in 26 countries around the world. Plastic Omnium has over 3,725 patents to its name.

Is something restraining your company’s growth in the Smart Tailgate Market? Ask for the Report Brochure here

Global Smart Tailgate Market: Dynamics

Demand for enrichment of vehicle appearance

A complex vehicle part, such as a tailgate, has to meet high standards of visual appearance and stability. Moreover, the tailgate has to be a perfect watertight fit, as it greatly influences the esthetic appearance of the vehicle due to its location at the rear end of the vehicle. The smart tailgate has a compelling design, which enhances the external and internal appearance of the vehicle.

Additionally, increased preference for a sporty appearance has prompted automakers to offer trim and valance in the automotive tailgate in order to optimize the appearance as sports cars mostly have engines located the rear end. This, in turn, is projected to propel the demand for smart tailgate, as it reduces the human effort and can be designed into diverse shapes and sizes.

Rise in demand for smart tailgate in high-end vehicles

Currently, the automotive industry is witnessing rapid technological advancement and innovation in conjunction with a growing trend for vehicle electrification. High-end vehicles are continuously upgraded in terms of technology with desirable features. Additionally, these vehicles are integrated with new and advanced sophisticated systems and components that offer high comfort, safety, driver assistance, and improved navigation, which are likely to prompt consumers to opt for such vehicles.

The smart tailgate system contain sensors and mechatronic components that are used to open and lock the tailgate. Furthermore, a smart tailgate does not generate noise during operation even in case of heavier and larger tailgates of automobiles. These key factor as high-end and premium vehicles opt for quitter application system. This is projected to augment the smart tailgate market during the forecast period.

Slow operation and higher maintenance cost of smart tailgate to hinder the market

Rear-end collision of the vehicle can result in damage to the smart tailgate and its components, which leads to repair and replacement of the smart tailgate. This is anticipated to increase the maintenance cost for passenger cars, as the entire smart tailgate acts as the rear door of the vehicle. Moreover, a smart tailgate system contains sensors and mechatronics components that ensure safety while opening and closing the vehicle tailgate. These integrated components make the tailgate heavy, which can result in a slow closing or opening operation of the tailgate. These factors are projected to hamper the smart tailgate market in the near future.

Looking for Regional Analysis or Competitive Landscape in Smart Tailgate Market, Ask for a Customized Report here

Global Smart Tailgate Market: Segmentation

Based on material, the global smart tailgate market can be split into:

  • Plastic
  • Metal
  • Others

Based on vehicle type, the global smart tailgate market can be bifurcated into:

  • Passenger Vehicle
  • Commercial Vehicle

Based on sales channel, the global smart tailgate market can be divided into:

  • OEM
  • Aftermarket

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold 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.

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.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Smart Tailgate Market

Pre Book