Global Hands Free Power Liftgate Market Size By Type, By Vehicle Type, By Propulsion Type, By Geographic Scope And Forecast
Report ID: 318542|No. of Pages: 202
Global Hands Free Power Liftgate Market Size By Type, By Vehicle Type, By Propulsion Type, By Geographic Scope And Forecast
Hands Free Power Liftgate Market Size And Forecast
Hands Free Power Liftgate Market size was valued at USD 14.76 Billion in the year 2021 and is projected to reach USD 24.48 Billion in 2030, growing at a CAGR of 7.20% From 2024 to 2031.
Global Hands Free Power Liftgate Market Drivers
The market drivers for the Hands Free Power Liftgate Market can be influenced by various factors. These may include:
- Growing Need for Comfort and Convenience: The demand for hands-free power liftgates is driven by consumers’ growing preference for convenient and hands-free vehicle operations. The ease of use and technology developments in automobiles are highly valued by modern consumers, hence fostering market expansion.
- Technological Progress in the Automotive Sector: The functionality and attractiveness of hands-free power liftgates are improved by innovations including foot-activated systems, smart sensors, and sophisticated automation in automobiles. Market expansion in the automotive sector is supported by ongoing R&D initiatives.
- Increasing Demand for SUVs and Crossovers: Hands-free power liftgate use is on the rise due to the growing popularity of sport utility vehicles (SUVs) and crossovers, which usually have larger storage areas. The ease that these systems provide is quite beneficial to these automobiles.
- Growth in Earnable Income: Consumers with more disposable money can afford to spend more on high-end car amenities like electric liftgates that operate without their assistance. In emerging nations where car sales are rising, this trend is especially apparent.
- Put Security and Safety First: By eliminating the necessity for physical contact, hands-free power liftgates improve overall security and reduce the risk of contamination while opening the vehicle’s cargo area.
- Initiatives from OEMs and Regulations: The industry is being stimulated by government rules that encourage the use of advanced driver assistance systems (ADAS) and OEM initiatives to include these systems into new car models.
- Growing Rates of Car Ownership and Urbanization: A significant demand for improved vehicle features is created by rising urbanization and the resulting increase in car ownership. Urban customers frequently look for cutting-edge features that make life easier in congested, hectic settings.
- Growth of the Aftermarket: The need for hands-free power liftgates is further supported by the expansion of the automotive aftermarket industry, where customers add contemporary amenities to their pre-owned automobiles.
- Campaigns for Marketing and Awareness: Consumer purchasing decisions are influenced by manufacturers’ effective marketing techniques and awareness efforts that promote the features and convenience of hands-free power liftgates.
Global Hands Free Power Liftgate Market Restraints
Several factors can act as restraints or challenges for the Hands Free Power Liftgate Market. These may include:
- High Cost of Advanced Systems: Hands-free power liftgate systems are more costly than conventional liftgate systems because they use sophisticated sensors and electrical components. Customers who are concerned about costs may be put off by this greater price, particularly in emerging nations where affordability is a major issue.
- Complicated Installation and Maintenance: One potential obstacle is the hands-free power liftgate systems’ complicated installation and maintenance. Higher installation and maintenance expenses may result from these systems’ exact calibration and integration with the car’s current electrical systems.
- Limited Awareness and Adoption: Although hands-free power liftgate systems are convenient, consumers are still not fully aware of them. Adoption rates may be slower if a large number of potential customers are not completely aware of the advantages.
- Technical Difficulties and Reliability Problems: It can be difficult to guarantee the dependability and durability of hands-free power liftgate systems. Customer dissatisfaction might result from technical flaws that influence the system’s functionality, such as software faults or malfunctioning sensors.
- Economic Downturns and Market Uncertainty: These two factors can have an effect on customer expenditure on optional car features. In times of economic recession, buyers and automakers could give priority to basic features over more sophisticated ones like power liftgates with hands-free functionality.
- Regulatory and Safety Concerns: Vehicle safety and emissions are subject to strict regulations. Adhering to these standards may lengthen the time and cost of developing new technology. Furthermore, any recalls or safety issues pertaining to hands-free power liftgate systems could have a big effect on market expansion.
- Compatibility with Older Vehicle Models: Due to compatibility difficulties, retrofitting hands-free power liftgate systems into older vehicle models might be difficult. Due to this, the market is mainly restricted to more recent car models that were created with these technologies in mind.
- Competition from Alternative Technologies: Traditional power liftgates and remote keyless entry are examples of alternative technologies and solutions for car security and access. These current technologies’ rivalry may impede the hands-free power liftgate market’s expansion.
- Supply Chain Disruptions: The availability of crucial parts for hands-free power liftgate systems may be impacted by worldwide supply chain disruptions, such as those brought on by the COVID-19 pandemic. Cost increases and manufacturing delays may result from these interruptions.
Global Hands Free Power Liftgate Market Segmentation Analysis
Hands Free Power Liftgate Market, By Vehicle Type
- Passenger Cars: Includes sedans, hatchbacks, SUVs, and crossovers.
- Commercial Vehicles: Includes light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs).
Hands Free Power Liftgate Market, By Type
- Fully Automatic: Liftgates that operate entirely without manual intervention.
- Semi-Automatic: Liftgates that require some manual assistance to open or close.
Hands-Free Power Liftgate Market, By Propulsion Type
- Electric: Liftgates powered by electric motors.
- Hydraulic: Liftgates operated using hydraulic mechanisms.
Hands Free Power Liftgate Market, By Geography
- North America: includes the United States, Canada, and Mexico.
- Europe: Includes Germany, France, the UK, and other European countries.
- Asia-Pacific: Includes China, Japan, India, South Korea, and other APAC countries.
- Latin America: Includes Brazil, Argentina, and other Latin American countries.
- Middle East & Africa: Includes GCC countries, South Africa, and other MEA countries.
Key Players
The major players in the Hands Free Power Liftgate Market are:
- Brose
- Autoease Technology
- Aisin Seiki
- Faurecia
- Huf Hulsbeck & Furst
- Grupo Antolin
- Stabilus Gmbh
- Magna International
- Woodbine Manufacturing Company (Tommy Gate)
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2024-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2022-2024 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | industry are Brose, Autoease Technology, Aisin Seiki, Faurecia, Huf Hulsbeck & Furst, Grupo Antolin, Stabilus Gmbh, Magna International, and Woodbine Manufacturing Company (Tommy Gate) among others |
| SEGMENTS COVERED | By Type, By Vehicle Type, By Propulsion Type, By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
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Frequently Asked Questions
1 INTRODUCTION OF THE GLOBAL HANDS FREE POWER LIFTGATE MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL HANDS FREE POWER LIFTGATE MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL HANDS FREE POWER LIFTGATE MARKET, BY TYPE
5.1 Overview
5.2 Fully Automatic
5.3 Semi Automatic
6 GLOBAL HANDS FREE POWER LIFTGATE MARKET, BY VEHICLE TYPE
6.1 Overview
6.2 Passnager Vehicles
6.3 Commercial Vehicles
7 GLOBAL HANDS FREE POWER LIFTGATE MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Latin America
7.5.1 Brazil
7.5.2 Argentina
7.5.3 Rest of Latin America
7.6 Middle East and Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 South Africa
7.6.4 Rest of Middle East and Africa
8 GLOBAL HANDS FREE POWER LIFTGATE MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
8.4 Company Industry Footprint
8.5 Company Regional Footprint
8.6 Ace Matrix
9 COMPANY PROFILES
9.1 Brose
9.1.1 Overview
9.1.2 Company Insights
9.1.3 Business Breakdown
9.1.4 Product Outlook
9.1.5 Key Developments
9.1.6 Winning Imperatives
9.1.7 Current Focus and Strategies
9.1.8 Threat From Competition
9.1.9 Swot Analysis
9.2 Autoease Technology
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 Aisin Corporation
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 Faurecia SE
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 Huf Hülsbeck & Fürst GmbH & Co. KG
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 Grupo Antolin
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments
9.7 Stabilus GmbH
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments
9.8 Magna International
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Developments
9.9 Woodbine Manufacturing Co. Inc.
9.9.1 Overview
9.9.2 Financial Performance
9.9.3 Product Outlook
9.9.4 Key Developments
10 Appendix
10.1.1 Related Reports
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
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| Demand side |
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Industry Analysis Matrix
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