PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1460740
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1460740
Power Liftgate Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)
The power liftgate market generated a value of USD 3,059.8 million in 2023, which will increase to USD 5,579.8 million, advancing at more than 8.7% compound annual growth rate, by 2030.
The major reasons driving the growth of this industry include the increasing demand for ease of driving as well as the rising worry for passenger and vehicle safety.
Therefore, vehicle manufacturers are developing innovative technology to enhance road safety and develop intelligent transportation systems like self-driving and advanced driver assistance systems (ADAS).
Since autonomous vehicles utilize the power liftgate technology, the industry is set to develop with the acceptance of such vehicles.
Advanced connected features are a major trend being witnessed in this industry. Advanced technologies are being widely employed by manufacturers to provide security, comfort, and safety in their premium automobiles. These comprise a wide range of services for consumers, including remote access, security, and navigation.
Original equipment manufacturers are now selecting power liftgates as a means to add value to automobiles. As this technology assists in enhancing passenger comfort, all key car makers are integrating this technology in their newer cars.
The constant development of the automotive sector is set to drive the growth of the power liftgate industry in the years to come.
Market Insights
North America was the largest contributor to the industry in 2023, with approximately 45% revenue share. This is because of the surging need for luxury automobiles, the rising customer expenditure and investment, and the existence of major industry players.
Major players in this industry are concentrating on the opening of new plants as well as investments in North America.
APAC is likely to advance at the fastest compound annual growth rate in the years to come. This will be because of the increasing disposable salary of its middle-class populace along with their high standards of living, and growing sales of cars.
The conventional system accounted for the larger share of the industry in 2023, and it will further advance at a good CAGR in the years to come. This can be attributed to the fact that it is the original style of liftgate.
OEM sales channel led the industry, and it will further advance at a higher compound annual growth rate, of 9.3%, during this decade.
This is because liftgates are generally incorporated by OEMs and individuals believe that the brand from whom they are buying will offer them a good quality product, as OEM-integrated liftgates are more durable and reliable.
Passenger vehicles accounted for the dominating share in 2023, with approximately 75% revenue share, and it will advance at a higher CAGR during this decade.
This is because of the rising demand for luxury automobiles because of the increasing disposable salary and living standards of middle-class people.
The power liftgate industry is consolidated in nature. Power liftgates have become a competitive differentiator for vehicle manufacturers trying to attract consumers with advanced features.
More vehicle manufacturers are integrating power liftgates into their automobile models to improve their presence.
Players are concentrating on the incorporation of innovative features such as hands-free power liftgates to enhance their vehicle sales.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by system type
- 1.4.2. Market size breakdown, by sales channel
- 1.4.3. Market size breakdown, by vehicle type
- 1.4.4. Market size breakdown, by region
- 1.4.5. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by System Type (2017-2030)
- 6.3. Market Revenue, by Sales Channel (2017-2030)
- 6.4. Market Revenue, by Vehicle Type (2017-2030)
- 6.5. Market Revenue, by Region (2017-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by System Type (2017-2030)
- 7.3. Market Revenue, by Sales Channel (2017-2030)
- 7.4. Market Revenue, by Vehicle Type (2017-2030)
- 7.5. Market Revenue, by Country (2017-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by System Type (2017-2030)
- 8.3. Market Revenue, by Sales Channel (2017-2030)
- 8.4. Market Revenue, by Vehicle Type (2017-2030)
- 8.5. Market Revenue, by Country (2017-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by System Type (2017-2030)
- 9.3. Market Revenue, by Sales Channel (2017-2030)
- 9.4. Market Revenue, by Vehicle Type (2017-2030)
- 9.5. Market Revenue, by Country (2017-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by System Type (2017-2030)
- 10.3. Market Revenue, by Sales Channel (2017-2030)
- 10.4. Market Revenue, by Vehicle Type (2017-2030)
- 10.5. Market Revenue, by Country (2017-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by System Type (2017-2030)
- 11.3. Market Revenue, by Sales Channel (2017-2030)
- 11.4. Market Revenue, by Vehicle Type (2017-2030)
- 11.5. Market Revenue, by Country (2017-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by System Type (2017-2030)
- 12.3. Market Revenue, by Sales Channel (2017-2030)
- 12.4. Market Revenue, by Vehicle Type (2017-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by System Type (2017-2030)
- 13.3. Market Revenue, by Sales Channel (2017-2030)
- 13.4. Market Revenue, by Vehicle Type (2017-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by System Type (2017-2030)
- 14.3. Market Revenue, by Sales Channel (2017-2030)
- 14.4. Market Revenue, by Vehicle Type (2017-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by System Type (2017-2030)
- 15.3. Market Revenue, by Sales Channel (2017-2030)
- 15.4. Market Revenue, by Vehicle Type (2017-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by System Type (2017-2030)
- 16.3. Market Revenue, by Sales Channel (2017-2030)
- 16.4. Market Revenue, by Vehicle Type (2017-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by System Type (2017-2030)
- 17.3. Market Revenue, by Sales Channel (2017-2030)
- 17.4. Market Revenue, by Vehicle Type (2017-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by System Type (2017-2030)
- 18.3. Market Revenue, by Sales Channel (2017-2030)
- 18.4. Market Revenue, by Vehicle Type (2017-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by System Type (2017-2030)
- 19.3. Market Revenue, by Sales Channel (2017-2030)
- 19.4. Market Revenue, by Vehicle Type (2017-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by System Type (2017-2030)
- 20.3. Market Revenue, by Sales Channel (2017-2030)
- 20.4. Market Revenue, by Vehicle Type (2017-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by System Type (2017-2030)
- 21.3. Market Revenue, by Sales Channel (2017-2030)
- 21.4. Market Revenue, by Vehicle Type (2017-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by System Type (2017-2030)
- 22.3. Market Revenue, by Sales Channel (2017-2030)
- 22.4. Market Revenue, by Vehicle Type (2017-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by System Type (2017-2030)
- 23.3. Market Revenue, by Sales Channel (2017-2030)
- 23.4. Market Revenue, by Vehicle Type (2017-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by System Type (2017-2030)
- 24.3. Market Revenue, by Sales Channel (2017-2030)
- 24.4. Market Revenue, by Vehicle Type (2017-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by System Type (2017-2030)
- 25.3. Market Revenue, by Sales Channel (2017-2030)
- 25.4. Market Revenue, by Vehicle Type (2017-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by System Type (2017-2030)
- 26.3. Market Revenue, by Sales Channel (2017-2030)
- 26.4. Market Revenue, by Vehicle Type (2017-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by System Type (2017-2030)
- 27.3. Market Revenue, by Sales Channel (2017-2030)
- 27.4. Market Revenue, by Vehicle Type (2017-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by System Type (2017-2030)
- 28.3. Market Revenue, by Sales Channel (2017-2030)
- 28.4. Market Revenue, by Vehicle Type (2017-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. Continental AG
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Tesla Inc.
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. Huf Hulsbeck & Furst GmbH & Co. KG
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Johnson Electric Holdings Ltd.
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. HI-LEX Corporation
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. VOXX Electronics Corp.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Powder-Packer Corp.
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. Strattec Security Corporation
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Autoease Technology
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. Stabilus GmbH
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
- 30.11. Mitsuba Corporation
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
