Automotive Automatic Liftgate Market Size (2024 - 2029)

The automotive automatic liftgate market is projected to experience growth driven by increasing consumer demand for safety features, technological advancements, and a rise in luxurious vehicle preferences. The market's expansion is supported by the development of innovative liftgate solutions that enhance vehicle efficiency, reduce weight, and improve fuel consumption. Additionally, advancements in aerodynamics, such as active rear spoilers, contribute to better drag coefficients and reduced CO2 emissions, further influencing the market's trajectory.

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Market Size of Automotive Automatic Liftgate Industry

Automotive Automatic Liftgate Market Summary
Study Period 2019-2029
Market Size (2024) USD 3.04 Billion
Market Size (2029) USD 3.73 Billion
CAGR (2024 - 2029) 4.20 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Automotive Automatic Liftgate Market Major Players

*Disclaimer: Major Players sorted in no particular order

Automotive Automatic Liftgate Market Analysis

The Automotive Automatic Liftgate Market size is estimated at USD 3.04 billion in 2024, and is expected to reach USD 3.73 billion by 2029, growing at a CAGR of 4.20% during the forecast period (2024-2029).

Over the medium term, increasing passenger comfort has become one of the most important considerations in the passenger car exterior market. Components should take as little human effort as possible and provide the maximum level of comfort. As a result, consistent development is taking place in this regard.

Growing consumer trends toward safety features in vehicles, rising technological advancements, and a surge in demand for luxurious vehicles are likely to primarily drive the market during the forecast period.

Component suppliers are working intensively on various new technologies for vehicle exteriors with a variety of new functionalities that can be adapted to the continuously changing requirements of passengers and drivers. These liftgate solutions improve vehicle efficiency by reducing the weight of the vehicle and improving fuel consumption. Such properties are further enhanced by metalized paint that creates a chrome-like appearance without the additional weight in case of using the metal itself. This new paint technique is around 5 to 20% less expensive than chrome electroplating and reduces overall weight by 10 to 20%.

Aerodynamics is also a key aspect of the tailgate; nowadays, the tailgate aerodynamics are improved with the help of an active rear spoiler and side spoiler that transfer the air better over the car roof. The new tailgates can improve the drag coefficient by 3-4% and also reduce CO2 emissions by 1 g per km.

Automotive Automatic Liftgate Industry Segmentation

An automatic liftgate is a vehicle backdoor system that opens the rear door automatically by pressing a button, and sometimes it provides a motorized hatch to open and close electronically.

The automotive automatic liftgate market is segmented by vehicle type, material type, sales channel, and geography. By vehicle type, the market is segmented into hatchbacks, sedans, sport utility vehicles (SUVs), and multi-purpose vehicles. By material type, the market is segmented into metal and composite. By sales channel, the market is segmented into original equipment manufacturers and aftermarket. By geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.

For each segment, the market size and forecast have been done based on the value (USD).

By Vehicle Type
Hatchback
Sports Utility vehicle
Sedan
Other Vehicle Types
By Material Type
Metal
Composite
By Sales Channel Type
Original Equipment Manufacturers (OEM)
Aftermarket
By Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
South America
Middle-East and Africa
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Automotive Automatic Liftgate Market Size Summary

The automotive automatic liftgate market is poised for significant growth, driven by increasing consumer demand for enhanced passenger comfort and safety features in vehicles. As the automotive industry shifts towards more luxurious and technologically advanced vehicles, liftgate solutions are becoming integral to improving vehicle efficiency and reducing weight. Innovations such as metalized paint techniques and aerodynamic enhancements are contributing to the market's expansion by offering cost-effective and environmentally friendly alternatives to traditional materials. The rising popularity of SUVs, which offer greater space and comfort, is further propelling the demand for automatic liftgates, as these vehicles increasingly incorporate hybrid and electric options to appeal to eco-conscious consumers.

Regionally, the Asia-Pacific market, particularly China, India, and Japan, plays a pivotal role in the global automotive automatic liftgate industry. These countries are not only major producers but also hubs for innovation and development in automotive technologies. The demand for environmentally friendly vehicles is driving market growth, with electric vehicles gaining traction. Key players in the market, such as Magna International Inc., Faurecia SE, and Continental AG, are investing heavily in research and development to create advanced liftgate solutions that enhance safety and convenience. Recent product launches and technological advancements, such as those by Tata Motors and Hyundai, underscore the industry's commitment to integrating automatic liftgates into future vehicle models, further solidifying the market's growth trajectory.

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Automotive Automatic Liftgate Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Rise in Sale of Luxury Vehicles

    2. 1.2 Market Restraints

      1. 1.2.1 High Costs Associated With the System

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size in Value - USD)

    1. 2.1 By Vehicle Type

      1. 2.1.1 Hatchback

      2. 2.1.2 Sports Utility vehicle

      3. 2.1.3 Sedan

      4. 2.1.4 Other Vehicle Types

    2. 2.2 By Material Type

      1. 2.2.1 Metal

      2. 2.2.2 Composite

    3. 2.3 By Sales Channel Type

      1. 2.3.1 Original Equipment Manufacturers (OEM)

      2. 2.3.2 Aftermarket

    4. 2.4 By Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Rest of North America

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 France

        4. 2.4.2.4 Italy

        5. 2.4.2.5 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 India

        2. 2.4.3.2 China

        3. 2.4.3.3 Japan

        4. 2.4.3.4 South Korea

        5. 2.4.3.5 Rest of Asia-Pacific

      4. 2.4.4 Rest of the World

        1. 2.4.4.1 South America

        2. 2.4.4.2 Middle-East and Africa

Automotive Automatic Liftgate Market Size FAQs

The Automotive Automatic Liftgate Market size is expected to reach USD 3.04 billion in 2024 and grow at a CAGR of 4.20% to reach USD 3.73 billion by 2029.

In 2024, the Automotive Automatic Liftgate Market size is expected to reach USD 3.04 billion.

Automotive Automatic Liftgate Market Report Snapshots

Automotive Automatic Liftgate Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)