Automotive Power Tailgate System Market by Technology, Operating Mechanism, Vehicle Type, Sales Channel

Description

List of Tables

The Automotive Power Tailgate System Market was valued at USD 6.79 billion in 2023, expected to reach USD 7.33 billion in 2024, and is projected to grow at a CAGR of 7.78%, to USD 11.48 billion by 2030.

The automotive power tailgate system is defined as electronically operated mechanisms that provide convenient opening and closing of a vehicle's tailgate, enhancing user convenience and vehicle safety. The necessity of these systems is underscored by growing consumer demand for greater comfort and automation in vehicles, particularly in SUVs and crossovers, which constitute a significant portion of the global automotive market. Applications extend across various vehicle types, including luxury cars, commercial vehicles, and electric vehicles, with end-use primarily in passenger and multi-purpose vehicles. Key growth factors influencing this market include the increasing automotive production, consumer inclination toward enhanced vehicle features, and the integration of advanced technologies such as sensors and smart connectivity that promote automated operations. Additionally, rise in disposable income and the trend towards premiumization of vehicles expand market potential, particularly in emerging economies. Opportunities abound in developing cost-efficient, energy-saving power tailgate systems that cater to cost-sensitive markets, and integrating IoT and AI technologies to heighten functionality and user experience. However, market growth may be hampered by factors such as the high initial costs and complexities of these systems, potential maintenance issues, and the ongoing supply chain disruptions affecting the broader automotive sector. Challenges also include stringent regulations on motor vehicle safety and emissions that necessitate continuous product innovation and compliance. The best areas of innovation and research include enhancing lightweight materials to reduce vehicle weight and energy consumption, developing more cost-effective stock-keeping units (SKUs) for mass adoption, and exploring biometric and voice-activated technologies for improved user interaction. The market is competitive yet burgeoning, characterized by rapid technological advancements, where strategic collaborations and partnerships could foster significant business growth by expanding product portfolios and market reach.

KEY MARKET STATISTICS
Base Year [2023]	USD 6.79 billion
Estimated Year [2024]	USD 7.33 billion
Forecast Year [2030]	USD 11.48 billion
CAGR (%)	7.78%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Automotive Power Tailgate System Market

The Automotive Power Tailgate System Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Rising production of automotive vehicles with safety features
- Increasing adoption of SUVs and passenger cars with adequate cargo facility
- Surging deployment of hand-free operations in the automotive industry
Market Restraints
- Associated technical issues with automotive power tailgate system
Market Opportunities
- Introduction of advanced power tailgate systems with human-machine interface
- Rapid inclination towards the autonomous and integrated mobility solutions
Market Challenges
- Integration of advanced technologies in traditional system

Porter's Five Forces: A Strategic Tool for Navigating the Automotive Power Tailgate System Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Automotive Power Tailgate System Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Automotive Power Tailgate System Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Automotive Power Tailgate System Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Automotive Power Tailgate System Market

A detailed market share analysis in the Automotive Power Tailgate System Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Automotive Power Tailgate System Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Automotive Power Tailgate System Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Automotive Power Tailgate System Market

A strategic analysis of the Automotive Power Tailgate System Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Automotive Power Tailgate System Market, highlighting leading vendors and their innovative profiles. These include Airplex Industries Limited, Akodi Intelligent Robot Technology Co., Ltd., Brose Fahrzeugteile SE & Co. KG, CentroMotion, Continental AG, GCH Automotive Systems, Guangdong Shuheng Pneumatic Yuanqi Parts Co. Ltd., Guangzhou Changyi Auto Parts Co., Ltd., Guangzhou Tech Master Auto Parts Co., Ltd., Henan Zest Machinery Co.,Ltd., Hi-Lex Corporation, Huf Hulsbeck & Furst GmbH & Co. KG, Igarashi Electric Works Ltd., Johnson Electric Holdings Ltd., Magna International Inc., Mitsuba Corporation, Palfinger AG, Robert Bosch GmbH, Shenzhen Autoease Technology Co., Ltd., Shenzhen Power Motor Industrial Co., Ltd., Stabilus S.A, Strattec by VAST Automotive Group, The Tomo Group, Wirthwein SE, and Woodbine Manufacturing Co. Inc..

Market Segmentation & Coverage

This research report categorizes the Automotive Power Tailgate System Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Technology, market is studied across Hands-Free Power Tailgate System and Manual Power Tailgate System.
Based on Operating Mechanism, market is studied across Electric Power and Hydraulic Power.
Based on Vehicle Type, market is studied across Commercial Vehicles and Passenger Cars.
Based on Sales Channel, market is studied across Aftermarket and Original Equipment Manufacturer.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-DD0700E81C27

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising production of automotive vehicles with safety features
  - 5.1.1.2. Increasing adoption of SUVs and passenger cars with adequate cargo facility
  - 5.1.1.3. Surging deployment of hand-free operations in the automotive industry
- 5.1.2. Restraints
  - 5.1.2.1. Associated technical issues with automotive power tailgate system
- 5.1.3. Opportunities
  - 5.1.3.1. Introduction of advanced power tailgate systems with human-machine interface
  - 5.1.3.2. Rapid inclination towards the autonomous and integrated mobility solutions
- 5.1.4. Challenges
  - 5.1.4.1. Integration of advanced technologies in traditional system
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Automotive Power Tailgate System Market, by Technology

6.1. Introduction
6.2. Hands-Free Power Tailgate System
6.3. Manual Power Tailgate System

7. Automotive Power Tailgate System Market, by Operating Mechanism

7.1. Introduction
7.2. Electric Power
7.3. Hydraulic Power

8. Automotive Power Tailgate System Market, by Vehicle Type

8.1. Introduction
8.2. Commercial Vehicles
8.3. Passenger Cars

9. Automotive Power Tailgate System Market, by Sales Channel

9.1. Introduction
9.2. Aftermarket
9.3. Original Equipment Manufacturer

10. Americas Automotive Power Tailgate System Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Automotive Power Tailgate System Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Automotive Power Tailgate System Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
13.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Airplex Industries Limited
2. Akodi Intelligent Robot Technology Co., Ltd.
3. Brose Fahrzeugteile SE & Co. KG
4. CentroMotion
5. Continental AG
6. GCH Automotive Systems
7. Guangdong Shuheng Pneumatic Yuanqi Parts Co. Ltd.
8. Guangzhou Changyi Auto Parts Co., Ltd.
9. Guangzhou Tech Master Auto Parts Co., Ltd.
10. Henan Zest Machinery Co.,Ltd.
11. Hi-Lex Corporation
12. Huf Hulsbeck & Furst GmbH & Co. KG
13. Igarashi Electric Works Ltd.
14. Johnson Electric Holdings Ltd.
15. Magna International Inc.
16. Mitsuba Corporation
17. Palfinger AG
18. Robert Bosch GmbH
19. Shenzhen Autoease Technology Co., Ltd.
20. Shenzhen Power Motor Industrial Co., Ltd.
21. Stabilus S.A
22. Strattec by VAST Automotive Group
23. The Tomo Group
24. Wirthwein SE
25. Woodbine Manufacturing Co. Inc.