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    Automotive Liftgate Market Size, Share & Forecast (2019-2024)

    Automotive Liftgate Market Size, Share & Forecast (2019-2024)
    Report code - SRTI128 Published On : May,2019 No. of Pages: 232
    Automotive Liftgate Market Size, Share, Trend, Forecast, & Competitive Analysis: 2019- See more...
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    Automotive Liftgate Market Insights

    The next five years for the global automotive liftgate market are going to be vigorous with sizeable growth opportunities in the entire ecosystem of the market. The global automotive liftgate market is estimated to grow at a healthy CAGR of 4.7% over the next five years. Organic growth in the automobile production owing to increasing disposable income and growing urbanization, increasing the share of SUVs production, and increasing demand for lightweight liftgates to reduce the overall vehicle weight for achieving stringent government regulations, such as CAFÉ Standards are major growth drivers of the global automotive liftgate market.

    Automotive Liftgate Market Forecast

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    It is estimated that approximately 652 million vehicles (passenger cars, LCV, and M&HCV) are likely to be produced globally during the next six years (2019-2024). This corresponds to significant growth opportunities for the market stakeholders to tap the growth potential in the coming years.

     

    Automotive Liftgate Market Share Analysis

    Automotive Liftgate Market Share by Vehicle Type

    The global automotive liftgate market is segmented based on the vehicle type as Hatchback, SUV, and Others. SUV is expected to remain the growth engine of the global automotive liftgate market during the forecast period of 2019 to 2024. An increased production of SUVs, especially in the Asia-Pacific region and high demand for comfort & space in vehicles would continue to drive the segment’s growth over the next five years.

    Automotive Liftgate Market Share by Material Type

    The global automotive liftgate market is segmented based on the material type as Metal Liftgates and Composite Liftgates. The metal liftgate is projected to remain the most dominant material type over the next five years, whereas composite liftgate is likely to witness a higher growth rate in the same period. The continuous shift from metal to composite liftgates is due to several factors in which the most important is government regulations. Stringent regulations imposed by governments of many countries are putting pressure on the automakers to curb the overall vehicle weight to increase fuel efficiency or reduce emissions. Liftgates could not escape itself from such regulations and experienced a significant change in the selection of materials over the period. The auto industry is rapidly moving towards lightweight materials, such as sheet molding compound and long-fiber reinforced thermoplastics, to make final component light in weight without sacrificing overall liftgate performance.

    Automotive Liftgate Market Share by Manufacturing Process Type

    The global automotive liftgate market is segmented based on the manufacturing process type as Stamping, Injection Molding, and Compression Molding. Stamping is expected to remain the most dominant manufacturing process of liftgates in the global automotive industry over the next five years, whereas injection and compression molding are likely to be the fastest-growing manufacturing processes during the same period. Injection molding offers many benefits over competing processes, such as low part cycle time, ability to manufacture complex products, recyclability, good surface finish, lightweight, and excellent strength to weight ratio. Nissan Rogue, Peugeot 308, and BMW i3 & i8 are some of the major auto models which are using injection-molded thermoplastic composite liftgate.

    Regional Insights

    Based on the regions, Asia-Pacific is expected to remain the largest automotive liftgate market during the forecast period. The region is also expected to experience the highest growth during the same period. Increasing automobile production coupled with increasing SUV production share is driving the demand for liftgates in the region. China and Japan are likely to remain the major markets in the region. India is likely to be the new growth engine of the region’s demand for automotive liftgates in the coming five years.

    Europe is expected to remain the second-largest automotive liftgate market in the same period, driven by Germany, France, and Russia. Germany is likely to maintain its lead in the region’s automotive liftgate market in the coming five years. France and Russia are also likely to generate sizeable growth opportunities for the players in the coming years.

    North America, another sizeable market, is also likely to offer favorable growth opportunities in the coming five years. The USA is likely to remain the largest market in the region, whereas Mexico is likely to be the fastest-growing market in the region in the coming five years, driven by the opening of assembly plants of the all the major automakers in order to fulfill the growing local demand as well as to target the USA.

    Automotive Liftgate Market Forecast

    Key Players

    The supply chain of this market comprises raw material suppliers, compounders, liftgate manufacturers, distributors, automotive OEMs, and dealers. The key automotive liftgate manufacturers are Toyota Motor Corporation, General Motors, Plastic Omnium, and Magna International. The development of lightweight composite liftgates, execution of mergers & acquisitions, and the formation of long-term contracts with OEMs are the key strategies adopted by the key players to gain a competitive edge in the market.

     

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2013-2024

    Size in 2024

    US$ 5478.7 million

    Forecast

    4.7% CAGR during 2019-2024

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Countries/Subregions Covered

    The USA, Canada, Mexico, Germany, France, Spain, the UK, Russia, Czech Republic, China, Japan, India, South Korea, Brazil, Argentina and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Automotive Liftgate Market Size, Share & Forecast by Vehicle Type:

    • Hatchback
    • SUV
    • Others

    Automotive Liftgate Market Size, Share & Forecast by Material Type:

    • Metal Liftgates
    • Composite Liftgates

    Automotive Liftgate Market Size, Share & Forecast by Manufacturing Process Type:

    • Stamping
    • Compression Molding
    • Injection Molding

    Automotive Liftgate Market Size, Share & Forecast by Region:

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, Spain, the UK, Russia, Czech Republic, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

     

    Report Features

    This strategic assessment report, from Stratview Research, provides a complete panoramic view of the automotive liftgate market for the forecast period of 2019 to 2024 based on current market realities, changing market dynamics, and future market possibilities. The report segments the market in the most comprehensive manner in order to identify and prioritize the low-hanging fruits for the market participants.

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.


    Frequently Asked Questions (FAQs)

    What is automotive liftgate?

    Automotive liftgate is the door at the rear end of the vehicle that is mechanically raised upwards to open it during loading or unloading of goods or cargo. Liftgate is an integral part of any automotive as it allows the user to load heavy or big cargo at the rear side of the vehicle so that the other passengers can comfortably sit separately. Automotive liftgate is now available in different forms such as doors raising upwards or even swinging sideways. Usually, the metal liftgate is commonly in usage but with the increasing environmental concerns, composite liftgate is also being introduced.

    Which country/region is expected to witness the highest growth in the Automotive Liftgate Market?

    In terms of region, Asia-Pacific is expected to experience the highest growth during the forecast period of 2019-24.

    Which type of material is expected to remain dominant?

    Metal is projected to remain the most dominant material type over the next five years.

    Who are the key players in the Automotive Liftgate Market?

    Toyota Motor Corporation, General Motors, Plastic Omnium, and Magna International are among the key players in the automotive liftgate market.

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