Market Size of Automotive Automatic Liftgate Industry
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2021 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Automotive Automatic Liftgate Market Analysis
The market is poised to register a CAGR of over 4% during the forecast period (2020-2025).
- Increasing passenger comfort has become one of the most important considerations in the passenger car exteriors market. Components should take as little human effort as possible and provide the maximum level of comfort. As a result, consistent development is taking place in this regard.
- Component suppliers are working intensively on various new technology for vehicle exteriors with a variety of new functionalities and which can be adapted to the continuously changing requirements of passengers and drivers.
- These liftgates solutions improve vehicle efficiency by reducing the weight of the vehicle and improving fuel consumption. Such properties are further enhanced by metalized paint that creates a chrome-like appearance without the additional weight in case of using the metal itself. This new paint technique is around 5 to 20% less expensive than chrome electroplating and reduces overall weight by 10 to 20%.
- Aerodynamics is also a key aspect in the tailgate, nowadays the tailgates aerodynamics are improved with the help of an active rear spoiler and side spoiler that transfer the air better over the car roof. The new tailgates can improve the drag coefficient by 3-4%, and also reduce CO2 emissions by 1 g per km.
