Global Power Liftgate Market is accounted for $3.56 billion in 2021 and is expected to reach $5.72 billion by 2028 growing at a CAGR of 7.0% during the forecast period. The power liftgate is a vehicle indirect access framework and it is worked by both a hand-held remote or by squeezing a key on the dashboard framework.
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Based on the geography, Asia Pacific is projected to hold the largest market share during the forecast period due to the rise in middle-class people with high living standards that increase automobile sales. Other factors driving the market in the region include the increasing sales of electric vehicles due to the strict emission regulations, growing need to increase customer comfort and convenience, and increasing demand for autonomous vehicles.
Some of the key players profiled in the Power Liftgate Market include Continental AG, Ford Motor Company, General Motors Company, Honda Motor Company, Johnson Electric, Magna International Inc., Meridian Lightweight Technologies, Plastic Omnium Group, Robert Bosch GmbH, Strattec Power Access, Tesla, Toyota Motor Corporation, Trinseo S.A. and Volkswagen Group.
Types Covered in Power Liftgate Market
• Hydraulic
• Electric
System Types Covered:
• Conventional
• Hands-Free Power Liftgate
Products Covered:
• Automatic
• Semi-Automatic
Vehicle Types Covered:
• Passenger Vehicle
• Commercial Vehicle
Sales Channels Covered:
• Original Equipment Manufacturer (OEM)
• Aftermarket
Applications Covered:
• Sports Utility Vehicle (SUV)
• Sedan & Hatchback
• Multi-Purpose Vehicle (MPV)
• Other Applications
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