Automotive Power Tailgate System Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025
Recovery and Growth Insights for 2021-2025
The automotive power tailgate system market and it is expected to grow by 5.12 million units, accelerating at a CAGR of almost 3% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to enable growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.
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Automotive Power Tailgate System Market: Market Segments and Key Trends
The research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth. The market is segmented by End-user (OEM and Aftermarket) and Geography (Europe, North America, APAC, South America, and MEA). 36% of the market growth will originate from Europe during the forecast period. The virtual operation of tailgate system for hands-free access will significantly influence automotive power tailgate system market's growth in this region. However, technical issues may result in low market uptake due to inconvenience. This is one of the major challenges that needs to be addressed in order to boost market growth.
Automotive Power Tailgate System Market: What are the Growth Drivers?
The adoption of power tailgate systems in the automotive industry is directly proportionate to the growing production of automobiles. Automakers are using hands-free tailgate access as product differentiator. This is one of the primary factors driving automotive power tailgate system penetration. The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.
Vendor Analysis: Aisin Seiki Co. Ltd., Brose Fahrzeugteile SE & Co. KG and Continental AG are key growth contributors
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the automotive power tailgate system suppliers depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Aisin Seiki Co. Ltd., Brose Fahrzeugteile SE & Co. KG, Continental AG, Huf Hülsbeck & Fürst GmbH & Co. KG, Johnson Electric Holdings Ltd., Magna International Inc., Mitsuba Corp., Robert Bosch GmbH, Stabilus GmbH, and Valeo SA are some of the major market participants.
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Automotive Power Tailgate System Market: Key Highlights of the Report for 2021-2025
The report provides insights into the following FAQs:
Automotive Power Tailgate System: Top Drivers that will Enable COVID-19 Recovery
Market Insights to Drive Recovery from COVID-19
The Global Automotive Power Tailgate System Market is projected to grow by 5.12 mn units, accelerating at a CAGR of almost 3% till 2025. This research report delineates the growth drivers that will boost market growth along with a detailed analysis of the market segments, trends and challenges that are likely to impact market growth.
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Automotive Power Tailgate System Market: Key Market Drivers
Technavio has identified automakers using hands-free tailgate access as product differentiator as one of the key factors that will drive this market. This research report provides a comprehensive analysis of this and all the other factors that will propel market growth. The report also takes into account the current market scenario, trends, and challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Automotive Power Tailgate System Market: Segments and Geographical Regions
This research report provides insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Automotive Power Tailgate System Market is segmented by End-user (OEM and Aftermarket) and Geography (Europe, North America, APAC, South America, and MEA). Request our Free Sample Report
Automotive Power Tailgate System Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Aisin Seiki Co. Ltd., Brose Fahrzeugteile SE & Co. KG, Continental AG, Huf Hülsbeck & Fürst GmbH & Co. KG, Johnson Electric Holdings Ltd., Magna International Inc., Mitsuba Corp., Robert Bosch GmbH, Stabilus GmbH, and Valeo SA are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
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Automotive Power Tailgate System Market Size to Grow by 5.12 mn units During 2021-2025
Technavio has been monitoring the automotive power tailgate system market and it is expected to grow by 5.12 mn units, accelerating at a CAGR of almost 3% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Automotive Power Tailgate System Market: Europe to lead market growth during the forecast period
Automotive Power Tailgate System Market: Key Competitors
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Aisin Seiki Co. Ltd., Brose Fahrzeugteile SE & Co. KG, Continental AG, Huf Hülsbeck & Fürst GmbH & Co. KG, Johnson Electric Holdings Ltd., Magna International Inc., Mitsuba Corp., Robert Bosch GmbH, Stabilus GmbH, and Valeo SA are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Automotive Power Tailgate System Market: Key Highlights of the Report for 2021-2025
The automotive power tailgate system market size has the potential to grow by 5.12 million units during 2021-2025, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by end-user (OEM and aftermarket) and geography (Europe, North America, APAC, South America, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Aisin Seiki Co. Ltd., Brose Fahrzeugteile SE & Co. KG, Continental AG, Huf Hülsbeck & Fürst GmbH & Co. KG, Johnson Electric Holdings Ltd., Magna International Inc., Mitsuba Corp., Robert Bosch GmbH, Stabilus GmbH, and Valeo SA.
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Automotive Power Tailgate System Market: Segmentation by End-user
Sports utility vehicles (SUVs) are expected to contribute a major revenue to the overall market. The SUV segment includes multi-purpose vehicles (MPVs) and pickup vehicles and has a wide range of applications. The US and China are the major consumers of power tailgate systems for SUVs. Original equipment manufacturers (OEMs) power tailgate system is expected to grow at a higher rate as compared to the global market's projected CAGR. The OEM channel is expected to gain momentum during 2024 and 2025, which will be the highest during the forecast period. In addition to luxury cars, several other mid-segment passenger cars and pickup truck manufacturers are adopting the power tailgate system. Such factors are expected to positively impact the global automotive power tailgate system market in the OEM segment during the forecast period.
Automotive Power Tailgate System Market: Segmentation by Geography
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. Europe will offer several growth opportunities to market vendors during the forecast period. The virtual operation of tailgate system for hands-free access will significantly influence automotive power tailgate system market's growth in this region.
36% of the market growth will originate from Europe during the forecast period. France is one of the key markets for automotive power tailgate system in Europe. This report provides an accurate prediction of the contribution of all segments to the growth of the automotive power tailgate system market size.
Automotive Power Tailgate System Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Aisin Seiki Co. Ltd., Brose Fahrzeugteile SE & Co. KG and Continental AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
