An automotive liftgate is a hydraulic device that automatically activates and assists the tailboard in opening and closing. An automobile’s liftgate assembly is controlled by a button on the dashboard. Furthermore, a sensor attached to the rear bumper’s bottom can be used to open and close the automobile liftgate with simple motions. An automotive liftgate is made up of a mechatronic assembly that includes electronic latches, carrier components, and occlusions for closing and opening the tailboard.
Automotive Composite Liftgate Market Report Scope and Research Methodology
The report analyses the Automotive Composite Liftgate market size, growth, supply, demand, share, innovations, and recent developments, and key stakeholders can use the simple statistics, tables, and figures for strategic planning that leads to the organization’s success. The report includes a detailed competitive landscape analysis of the Automotive Composite Liftgate market, as well as Company Profile, Revenue, Product Specifications, Production Capacity/Sales, Price, and Gross Margin Sales. The value of the and regional Automotive Composite Liftgate markets was estimated using the bottom-up approach. The information gathered using both methods The primary and secondary research methodologies were combined to create an authentic and error-free market report. In order to obtain an accurate Automotive Composite Liftgate market size, the analyst obtained these figures from Automotive Composite Liftgate industry experts and company representatives and externally validated them by analysing historical data of these product types and applications. SWOT analysis and Porter’s Five Force Analysis are used to define, characterise, and analyse the Automotive Composite Liftgate market competition landscape, with a focus on key players.
Automotive Composite Liftgate Market Overview:
Stellar Market Research offers a summary of the Automotive Composite Liftgate Market as well as the most recent market snapshots. This aids comprehension of its features by providing an overview of the Automotive Composite Liftgate market that highlights common topics. This overview helps clients understand the situation in the Automotive Composite Liftgate industry.
Automotive Composite Liftgate Market Size is expected to grow at a CAGR of 10.7% during the forecast period. The Automotive Composite Liftgate Market is expected to reach US$ 1547.97 Mn in 2027 from US$ 889.03 Mn in 2022.
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Automotive Composite Liftgate Market Regional Insights:
The report assists clients in understanding the Automotive Composite Liftgate market structure by providing detailed information on key players in each key country. It is a clear representation of local energy, economic, political, and geographic variables that is required for any meaningful evaluation of potential policy options in response to the development of each region’s Automotive Composite Liftgate market. North America, Asia Pacific, Europe, South America, the Middle East, and Africa are all covered in the report.
Automotive Composite Liftgate Market Dynamics:
The growing global demand for SUVs will be a significant driver for the automotive liftgate industry in the coming years. Because of increased automobile production in the coming years, significant expansion of the automobile industry supports the growth of the automotive composite liftgate over the projected period. Furthermore, the government’s strict restrictions on car weight have increased demand for lightweight automotive liftgates.
Automotive Composite Liftgate Market Segmentation:
The automotive composite liftgate market is divided into Hatchback, SUV, and other vehicle types based on vehicle type. The hatchback segment is expected to remain the most popular segment over the forecast period; however, SUVs are expected to be the fastest-growing class due to increased demand and production during the forecast period. SUVs also consume slightly more gas than comparable-sized hatchbacks because they are heavier and less aerodynamically efficient, resulting in increased wind resistance. Because of their lower centre of gravity, hatchbacks are more agile and enjoyable to drive on a winding road. The Renault Clio and Megane, Peugeot 308 and 508, and BMW i3 are all notable hatchbacks with composite liftgates.
The market for Automobile Composite Liftgates is divided into metal and composites. Metal is expected to remain the most common material type over the forecasted period, though composite-based liftgates are expected to grow faster. The most significant contributor to the ongoing transition from metal to composite liftgates is government legislation. Many governments have imposed strict regulations on automakers, requiring them to reduce overall vehicle weight in order to improve fuel efficiency or reduce pollution.
Liftgates were unable to avoid such constraints, resulting in a significant shift in material choices over time. The automotive industry is rapidly moving towards lightweight materials, such as sheet moulding compounds and long-fiber reinforced thermoplastics, to make the final component light without sacrificing overall liftgate performance.
The Automotive Composite Liftgate Market is divided into two segments based on manufacturing process type: injection moulding and compression moulding. Injection moulding is expected to remain the most dominant process over the forecast period, though compression moulding is expected to grow faster. Sheet moulding compound (SMC) and long-fiber-reinforced thermoplastic (LFRT) compounds are the most common composites used to make composite liftgates.
Automotive Composite Liftgate Market Key Players:
Brose Fahrzeugteile (Coburg, Germany)
Huf Group (Velbert, Germany)
Magna International (Aurora, Canada)
HI-LEX Corporation (Hyogo, Japan)
Aisin Seiki (Aichi, Japan)
Strattec Securit (Wisconsin, United States)
Plastic Omnium Group (Levallois-Perret, France)
Trinseo S.A. (Pennsylvania, United States)
Hondo Motor Company (Tokyo, Japan)
Toyota Corporation (Aichi, Japan)
General Motors Company (Michigan, United States)
HIAB (Sweden)
Zero (San Fransisco, United States)
Fiat Chrysler (Michigan, United States)
Says Group (Saudi Arabia)
Pal Finger (Bergheim, Austria)
Key questions answered in the Automotive Composite Liftgate Market are:
- What is Automotive Composite Liftgate Market?
- What are the Automotive Composite Liftgate Market segments?
- Which Automotive Composite Liftgate market segment is expected to grow at a high rate during the forecast period?
- Who are the top players in the Automotive Composite Liftgate market industry?
- What is the expected Automotive Composite Liftgate Market size by 2029?
- What was the Automotive Composite Liftgate Market size in 2021?
- Which region is expected to grow at a high CAGR?
- Who held the largest market share in Automotive Composite Liftgate Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis of segments and sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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