Global Power Liftgate Market Size, Share, Forecast Report, 2020-2027

A power liftgate is also known as a power rear liftgate system in automobiles that opens and closes automatically by pressing a key located on the dashboard or handheld remote. The power liftgate is designed for fail-safe operation even in the event of network or power loss. The power liftgate system includes a drive unit, an electronic control unit, anti-pinch strips, and power liftgate actuator.

The major drivers for the market growth are growing need to improve passenger comfort and convenience, rise in sale of e-vehicles, growing demand for autonomous and semi-autonomous vehicles, rising adoption hand-free power liftgate technology from automotive sector, and growing electrification in vehicles such as uses of sensors, power liftgate kit, and electric components.

Growing demand for smart, adaptive and self-controlling power liftgate, advanced component technology, automatic liftgate, and developing economies of China, Mexico, Chile, Brazil, Saudi Arabia, and Argentina are providing ample opportunities for the growth of power liftgate market size. However, strict vehicle safety regulations, component reliability issues, and high costs associated with the development of the power liftgate in terms of research could act as barriers to the market growth. The global power liftgate market is expected to cross USD 5 Billion by 2025 at a projected CAGR of ~9% over the forecast period.
The global power liftgate market is segmented on the basis of type, vehicle type, sales channel, and region. By type, the market is segmented as conventional and hands-free power liftgate. By vehicle type, the market is segmented as passenger car and commercial vehicle. By sales channel, the market is segmented as OEM and aftermarket.

Segmentation based on region, the global power liftgate market has been segmented into four major regions namely Asia-Pacific, North America, Europe, and the Rest of The World (RoW), which includes Middle East & Africa and Latin America. The growth of the Asia-Pacific market can be attributed to the growing disposable income of the middle-class population and increase in sales of vehicles like such as SUV and premium, luxury cars. The market for power liftgate is expected to grow at the highest rate in Asia-Pacific between 2019 and 2025, due to the increase in penetration of power liftgate, primarily in China and Japan. Besides, growing production of premium-segment vehicles due to an increase in demand from customers, along with the presence of business units of major global players in this region, are providing the necessary boost to the market for power liftgate.
Key Industry Participants

Some of the Key Industry Participants of the global power liftgate market include Aisin Seiko co., ltd, (Japan), Brose Fahrzeugteile GmbH & Co. KG (Germany), Faurecia SA (France), Grupo Antolin Irausa S.A, (Spain), Huf Hülsbeck & Fürst GmbH & Co. KG. (Germany), Johnson electric (China), Magna International Inc., (Canada), Stabilus GmbH (Germany), Woodbine Manufacturing Co. Inc. (Tommy Gate) (US), STRATTEC (US), Robert Bosch GmbH (Germany), and Continental AG (Germany).