Market Trends of Automotive Automatic Liftgate Industry
This section covers the major market trends shaping the Automotive Automatic Liftgate Market according to our research experts:
SUV will fuel the growth of automotive automatic liftgate market.
The factor which is likely to fuel the demand of the automotive automatic liftgate industry is the increasing share of SUV in passenger cars as, in the first half of 2019, 14.76 million SUVs were sold out of 39.06 million passenger cars across the world. Leading automotive OEMs and exterior component manufacturers are spending of huge amount on research and development of exterior for future vehicles.
The SUV segment is expected to record high CAGR, on account of the rising sales of this segment over other passenger cars segment, passenger-vehicle sales declined at roughly the same rate as SUV sales have risen. Some of the reasons for the rise of SUVs are flexibility, payload-carrying ability, drivability, commanding view from the driver’s seat, and ease of cabin access. Most of the latest SUVs come under the crossover category which are larger, more bulbous cars rather than the pickup truck-based sports utilities in the US.
With the recent launches of SUVs, the automatic liftgates are becoming the standard option. For instance, 2019 Jeep Cherokee, comes with a new and redesigned lightweight composite liftgate that is adopted, which is operated by making a kicking motion under the bumper to open for customer convenience.
Additionally, 2019 Cadillac Escalade a luxury SUV comes with automatic tailgate as a standard for all Escalade trims. The occupant can open and close it by simply making a kicking motion under the rear bumper.
Asia Pacific is Anticipated to Lead the Automotive Automatic Liftgate Market
The Asia Pacific is among the leading automobile producer in the world. China, India, and Japan are the major economies in the regional market that are anticipated to influence the global market too. Regional automotive sales reflected a steady growth trajectory in 2019 despite weak market sentiment in overall car sales due to new energy vehicles.
Luxury vehicles are also driving the market as the automatic liftgates are mostly being employed in luxury vehicles and in 2019 the sales of luxury vehicles reached 179.3 thousand units compared to 176.5 thousand units in 2018.
Some of the SUVs which come equipped with the automotive liftgates are 2020 Honda Pilot, 2021, 2021 Volkswagen Atlas, 2020 BMW X7.
The region is the main market for many global as well as local car manufacturers and tier players, the automotive exterior component manufacturers are doing a partnership with OEMs to develop next-generation liftgate for their future vehicles. For instance, the 2019 Acura RDX comes with a programmable power tailgate as a standard. This power tailgate can be operated by the remote key fob, button on the driver's door panel, a button above the rear license plate, from a button located inside the tailgate, and by simply kicking a foot underneath the rear bumper.
Magna International Inc. is the supplier of the Acura RDX liftgate, this exterior component manufacturer also supplied its liftgate for BMW i3, Nissan Rogue and 2019 Jeep Cherokee.
