Automotive Liftgate Market: Overview
An automotive liftgate is a hydraulic device that automatically operates and assists the tailgate for opening and closing purpose. Automotive liftgate assembly is controlled by a button provided on the car’s dashboard.
Also, a sensor attached at the rear bottom of the car’s bumper can be accessed using simple gestures for opening and closing the automotive liftgate. Automotive liftgate comprises of a mechatronic assembly consisting latches of electric components, carrier components, and occlusions for closing and opening of the tailgate.
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Automotive Liftgate Market: Dynamics
With the growing demand for SUVs in the global market has been a prominent driver for automotive liftgate market in the forecast years. Significant growth of automobile industries is stimulating the growth of automotive liftgate over the forecast period owing to the increased production of vehicles in the coming years. Also, the government stringent regulations for reducing the weight of cars has increased the demand for the lightweight automotive liftgate.
These factors will lead the automotive liftgate market towards considerable growth over the forecast period. Furthermore, with the increasing demand for automotive liftgate for the automotive world will take the global automotive liftgate market towards rapid growth in the forecast period. The increase in manufacturing activities in developing countries, such as India and China, will create a high opportunity for automotive liftgate across these countries over the forecast period. High prices and high shipment cost of automotive liftgate may hinder the global market for the automotive liftgate.
Automotive Liftgate Market: Segmentations
The global automotive liftgate market is segmented on the basis of material type, by vehicle type, by the manufacturing process and by region. On the basis of material type, automotive liftgate is segmented as Metal Liftgate and Composite Liftgate. Metal liftgate will remain to dominate composite liftgate in the global automobile market. Apart from metal liftgate, composite liftgate is likely to witness high growth in the forecast period. On the basis of vehicle type, automotive liftgate market is segmented as Hatchback, SUVs and other cars.
In this segmentation, SUVs will have an upper hand due to increasing demand and production is estimated in the forecast period. On the basis of the manufacturing process, global automotive liftgate is segmented as Stamping, Injection Molding and Compression Molding. Stamping will remain to dominate another process in the global automotive liftgate market. Besides, injection molding will also gain considerable growth in the forecast period. On the basis of region, the global automotive liftgate market is segmented by North America, Latin America, Europe, APEJ, and Japan.
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Automotive Liftgate Market: Prominent Players
Prominent players for the global automotive liftgate market are Honda Motor Company, Toyota Corporation, General Motors Company, HIAB, Zero, Fiat Chrysler, Says Group, Pal finger, Magna International, Plastic Omnia, and other prominent players. Besides, key market players are focusing on developing countries to supply the liftgate that will help to capture significant revenue share in the global automotive liftgate market.
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