Id: CBI_1665 | Pages: 265 | Format : PDF | Published : | Author : Pawan Chasta | Category : Automotive
Power Liftgate Market size is estimated to reach over USD 6,816.55 Million by 2031 from a value of USD 3,528.98 Million in 2023 and is projected to grow by USD 3,768.81 Million in 2024, growing at a CAGR of 8.6% from 2024 to 2031.
A power liftgate is an electronically operated tailgate system installed in vehicles to enhance convenience and functionality. This system allows users to open and close the tailgate effortlessly using a button, key fob, or gesture control. Integrated with advanced sensors and actuators, it ensures smooth and controlled operation, preventing damage or mishandling during use. These systems are designed to be user-friendly, offering customizable height settings and safety features such as obstacle detection.
They are commonly found in SUVs, crossover vehicles, and premium cars, providing enhanced utility for accessing cargo spaces. Their design emphasizes durability and reliability, with components engineered to withstand frequent use and varying environmental conditions. Modern liftgates are also equipped with smart technologies, allowing integration with vehicle infotainment systems and remote control applications.
End-users of the systems include automotive manufacturers, fleet operators, and aftermarket service providers. These stakeholders utilize power liftgate solutions to improve vehicle functionality and enhance user experiences across various automotive applications.
Modern vehicles are increasingly adopting connected and automated systems, and power liftgates are becoming a vital part of these technologies. With features like hands-free operation, gesture control, and integration with vehicle key fobs, it enhances user convenience and align with the demand for advanced automotive technologies. Their compatibility with ADAS systems, such as proximity sensors and automatic open/close functionality, makes them particularly attractive for premium and mid-segment vehicles. Automakers are integrating advanced features into their vehicles to differentiate their offerings, contributing to the power liftgate market expansion.
The maintenance expenses associated with liftgate systems pose a significant constraint for their widespread adoption. These systems rely on complex components such as electric motors, sensors, and control units, which are prone to wear and tear over time. Repairs or replacements of these parts often require specialized tools and technical expertise, increasing service costs compared to traditional manual liftgates. Additionally, advanced features like gesture control or automatic sensors are more susceptible to malfunctions, further driving up maintenance expenses. The higher costs of the systems may limit adoption among cost-sensitive buyers and fleet operators, particularly in budget and mid-range vehicle segments, affecting power liftgate market growth.
The integration of smart features such as gesture control and voice assistance in power liftgates offers a significant growth opportunity. Automakers are incorporating technologies that allow users to open or close liftgates with simple hand gestures or voice commands, enhancing convenience and usability. These systems are increasingly integrated with in-car infotainment and connected vehicle ecosystems, providing seamless user experiences. The demand for such features is particularly high in premium and electric vehicles, where consumers expect advanced technological integration. As power liftgate features become more affordable, their adoption is expected to expand into mid-range vehicle segments, opening up power liftgate market opportunities.
Based on vehicle type, the market is segmented into Passenger Vehicle (Compact, Mid-Sized, SUV, Luxury) and Commercial Vehicle.
The Passenger Vehicle segment accounted for the largest revenue of the total power liftgate market share in 2023.
The Commercial Vehicle segment is expected to register the fastest CAGR during the forecast period.
Based on type, the market is segmented into Automatic Power Liftgate and Semi-Automatic Power Liftgate.
The Automatic Power Liftgate segment held the largest revenue of 70.28% in 2023.
The Semi-Automatic Power Liftgate segment is expected to register the fastest CAGR during the forecast period.
Based on sales channel, the market is segmented into OEMs (Original Equipment Manufacturers) and Aftermarket.
The OEMs segment held the largest revenue share of the total power liftgate market share in 2023.
The Aftermarket segment is expected to register the fastest CAGR during the forecast period.
The regions covered are North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
Asia Pacific region was valued at USD 1,037.99 Million in 2023. Moreover, it is projected to grow by USD 1,110.38 Million in 2024 and reach over USD 2,044.97 Million by 2031. Out of which, China accounted for the largest share of 38.6% in 2023. Asia-Pacific is witnessing the fastest growth in the market, driven by rapid industrialization and urbanization in countries like China, India, and Japan. The region has become a global hub for automotive production, with a strong emphasis on passenger vehicles to support the growing middle-class population. The increasing demand for advanced vehicle features and the enlargement of the automotive industry are further propelling power liftgate market demand.
North America is estimated to reach over USD 2,242.65 Million by 2031 from a value of USD 1,173.00 Million in 2023 and is projected to grow by USD 1,251.66 Million in 2024. North America holds a substantial share of the market, primarily due to the robust automotive industry and the high adoption rate of advanced vehicle features. The United States, in particular, leads the market with a strong demand for SUVs and luxury vehicles equipped with power liftgates. The focus on enhancing vehicle convenience and safety has led to the integration of hands-free liftgate systems.
Europe represents a significant portion of the global market, with countries like Germany, France, and the United Kingdom leading in terms of adoption and innovation. The region benefits from a well-established automotive sector and a strong emphasis on vehicle safety and comfort. The demand for lightweight and fuel-efficient vehicles is increasing, driving the adoption of composite power liftgates.
The Middle East & Africa region shows promising potential in the market, particularly in countries like Saudi Arabia, the United Arab Emirates, and South Africa. Increasing investments in automotive infrastructure and the extension of the luxury vehicle market are driving the need for vehicles equipped with power liftgates. The focus on diversifying economies and reducing dependence on oil revenues has led to progress in the automotive sector.
Latin America is an emerging market with Brazil and Mexico being the primary growth drivers. The rising adoption of passenger vehicles, improving road infrastructure, and increasing focus on enhancing vehicle comfort contribute to the market’s development. Government initiatives aimed at modernizing transportation networks and promoting automotive manufacturing are supporting power liftgate market opportunities.
The power liftgate market is highly competitive with major players providing products and services to the national and international markets. Key players are adopting several strategies in research and development (R&D), product innovation, and end-user launches to hold a strong position in the global power liftgate market. Key players in the power liftgate industry include –
Product Enhancements:
Product Launches:
Report Attributes | Report Details |
Study Timeline | 2018-2031 |
Market Size in 2031 | USD 6,816.55 Million |
CAGR (2024-2031) | 8.6% |
By Vehicle Type |
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By Type |
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By Sales Channel |
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By Region |
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Key Players |
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North America | U.S. Canada Mexico |
Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
Middle East and Africa | GCC Turkey South Africa Rest of MEA |
LATAM | Brazil Argentina Chile Rest of LATAM |
Report Coverage |
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Power Liftgate Market size is estimated to reach over USD 6,816.55 Million by 2031 from a value of USD 3,528.98 Million in 2023 and is projected to grow by USD 3,768.81 Million in 2024, growing at a CAGR of 8.6% from 2024 to 2031.
The Power Liftgate market report includes segmentation details for vehicle type (passenger vehicle: compact, mid-sized, SUV, luxury; commercial vehicle), type (automatic power liftgate, semi-automatic power liftgate), technology (push button, gesture-controlled), sales channel (OEMs, aftermarket), and region.
The Aftermarket segment is expected to register the fastest CAGR during the forecast period, driven by increasing consumer awareness and the availability of customizable retrofit solutions.
The major players in the Power Liftgate market include Continental Automotive (Germany), Brose Fahrzeugteile GmbH & Co. KG (Germany), Magna International Inc. (Canada), Aisin Seiki Co., Ltd. (Japan), Kiekert AG (Germany), Mitsubishi Electric Corporation (Japan), Valeo SA (France), Denso Corporation (Japan), Hyundai Mobis Co., Ltd. (South Korea), and Mando Corporation (South Korea).