Stratview Research announces the addition of a new market research report on Global Automotive Liftgate Market by Vehicle Type (Hatchback, SUV, and Others), by Material Type (Metal and Composites), by Manufacturing Process (Stamping, Compression Molding, and Injection Molding), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017-2022.
This market report from Stratview Research studies the automotive liftgate market over the period 2011 to 2022. The research report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The Global Automotive Liftgate Market: Highlights
As per Stratview Research, the global automotive liftgate market is expected to offer an impressive growth of 5.6% CAGR during the forecast period of 2017 to 2022, which offers an opportunity to the industry players to align themselves with the market growth.
There are several factors bolstering the growth of automotive liftgate market. The author of the report cited organic growth in the automobile production owing to increasing disposable income and growing urbanization, increase in 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.
Based on vehicle type, SUV is expected to remain the growth engine of the global automotive liftgate market during the forecast period of 2017 to 2022. Large number of SUV production and high demand for comfort & space in vehicles would continue to drive the segment over the next five years.
As per the study, metal is projected to remain the most dominant material type over the next five years, whereas composites based liftgate is likely to witness higher growth rate in the same period. Shift to composites is mainly driven by stringent emission norms leading to reduction in vehicle weight by auto OEMs.
Stamping is expected to remain the most dominant manufacturing process of liftgates in the global automotive industry over the next five years, whereas injection molding is likely to be the fastest growing manufacturing process in 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.
In terms of region, Asia-Pacific is expected to remain the largest liftgate market during the forecast period. The region is also expected to experience the highest growth in the same period. Increasing automobile production coupled with increasing SUV production share is driving the demand for liftgate in the region.
The key automotive liftgate manufacturers are Toyota Motor Corporation, General Motors, Plastic Omnium, and Magna International. Developing lightweight composite liftgate, mergers & acquisitions, and forming long-term contracts with OEMs are the key strategies adopted by the major players to gain a competitive edge in the market.
This industry research report from Stratview Research provides market intelligence in the most comprehensive manner. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the research report:
Avail free customization options which are listed in the link given below along with the detailed Table of Contents and Report Description.
Free customization options for market research report on global automotive liftgate market.
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