Market Share of Automotive Automatic Liftgate Industry
The Automotive Automatic Liftgate market is consolidated and majorly dominated by few players, such as Magna International Inc., Faurecia. The market is highly driven by factors like advanced technology, more use of sensors, growing investment in R&D projects, and growing market of electric vehicles. To provide a more convenient experience for the car owner, major automotive automatic liftgate manufacturers are developing new technology for lighter and more convenient liftgates.
- For instance, in 2018, Plastic Omnium developed a lighter and more reactive tailgate that can operate in three ways, facial recognition system, touch and open systems that work through conductive paint, and the obstacle avoidance system.
- In April 2020, Magna won the 2020 Automotive News PACE Award for its composite space frame liftgate reinforcement solution, which is employed in Toyota Supra. This kind of automotive liftgate provides 10 percent weight savings as compared to a steel liftgate.
Automotive Automatic Liftgate Market Leaders
Magna International Inc.
Faurecia SE
Plastic Omnium Group
Aisin Seiki Co., Ltd.
Huf Group
*Disclaimer: Major Players sorted in no particular order
