Automotive Power Tailgate System Market was valued at USD 4.5 Billion in 2022 and is projected to reach USD 7.0 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The global automotive power tailgate system market was valued at approximately USD 11.2 billion in 2022. This market is expected to experience a robust growth trajectory, with a compound annual growth rate (CAGR) of around 7.8% from 2023 to 2028. The increasing adoption of advanced convenience features in vehicles and a rising demand for premium vehicles are driving the growth of this market. The integration of power tailgate systems in both luxury and mid-range vehicles is contributing to this expansion, as these systems offer enhanced ease of use and improved vehicle functionality. As more automotive manufacturers focus on upgrading vehicle features to meet consumer expectations for comfort and technological advancements, the market for power tailgate systems is set to grow substantially.
Opportunity analysis reveals several emerging markets with significant growth potential for automotive power tailgate systems. Regions such as Asia-Pacific, particularly China and India, are witnessing a surge in automotive production and sales, creating ample opportunities for market expansion. The increasing urbanization, coupled with rising disposable incomes and the growing popularity of SUVs and crossovers in these regions, is expected to drive the demand for power tailgate systems. Additionally, advancements in electric vehicle technology and a focus on enhancing vehicle automation are anticipated to further fuel market growth. These emerging opportunities are likely to shape the future dynamics of the automotive power tailgate system market.
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Brose
HUF
Johnson Electric
Mitsuba
Stabilus
Airplex
Power-Packer
Igarashi Electric Works
Autoease Technology
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Power Tailgate System Market
Passenger Car
SUV
Others
Based on Types the Market is categorized into Below types that held the largest Automotive Power Tailgate System market share In 2023.
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Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive Power Tailgate System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Power Tailgate System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Power Tailgate System Market, By Type
6. Global Automotive Power Tailgate System Market, By Application
7. Global Automotive Power Tailgate System Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automotive Power Tailgate System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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