An automotive liftgate is a hydraulic system that automatically activates and assists the tailgate 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 automotive liftgate with easy motions. An vehicle liftgate is made up of a mechatronic assembly that contains electronic latches, carrier components, and occlusions for closing and opening the tailgate.
Automotive Composite Liftgate Market Report Scope and Research Methodology
The study vividly depicts a Automotive Composite Liftgate Market structure, including current market trends and predictions to find prospective investment opportunities. It includes a variety of market-influencing aspects such as historical data, recent technical advancements, the competitive landscape, and government policy. The Automotive Composite Liftgate Market research informs clients on significant drivers, restraints, challenges, and opportunities. The market has been segmented into three major parts for ease of comprehension, and these major segments of the Automotive Composite Liftgate Markets have been further divided into several sub-segments. The research also includes a segment-by-segment analysis of the variables impacting market growth, as well as a competitive analysis of prominent market competitors based on their expansion strategies, product, investments, price, and presence in the Automotive Composite Liftgate sector.
The data acquired for the Automotive Composite Liftgate Market study utilising these methodologies was pooled to draw reliable and error-free inferences. Interviews with subject-matter experts, Automotive Composite Liftgate industry participants, high-level executives of key market companies, industry consultants, and other experts were conducted as part of the primary research. The PESTLE analysis in the market study supports the development of company strategies. The Automotive Composite Liftgate Market's strengths and weaknesses were determined using a SWOT analysis.
Automotive Composite Liftgate Market Overview:
The research looks at market growth drivers and obstacles, as well as corporate strategies, procedures, and a complete financial strategy. Customer expectations are met by customization and thorough information about Automotive Composite Liftgate Market industry possibilities. The Automotive Composite Liftgate Market research looks at the industry's competitive landscape and key players. This Automotive Composite Liftgate Market study aids in structure planning in light of modern industrial conditions.
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$ 2219.44 Mn in 2029 from US$ 1089.46 Mn in 2022.
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Automotive Composite Liftgate Market Dynamics:
The growing global demand for SUVs will be a significant driver for the automobile liftgate sector in the future years. Because of increased automobile production in the coming years, significant expansion of the automobile industry promotes the growth of the automotive composite liftgate over the projected period. Furthermore, the government's severe regulations 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 depending 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 projection period. SUVs also consume somewhat 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 nimble and enjoyable to drive on a twisting 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 predicted to be the most common material type over the forecasted period, however composite-based liftgates are expected to increase quicker. The most significant contributor to the ongoing transition from metal to composite liftgates is government law. Many governments have imposed strict regulations on automakers, requiring them to reduce overall vehicle weight in order to enhance fuel efficiency or reduce pollution.
Liftgates were unable to circumvent such limitations, resulting in a significant shift in material selections throughout time. The automotive industry is quickly moving towards lightweight materials, such as sheet moulding compounds and long-fiber reinforced thermoplastics, to make the end component light without losing 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 likely to be the most prevalent process over the forecast period, however compression moulding is expected to grow quicker. Sheet moulding compound (SMC) and long-fiber-reinforced thermoplastic (LFRT) compounds are the most prevalent composites used to create composite liftgates.
Automotive Composite Liftgate Market Regional Insights:
The Automotive Composite Liftgate the market is divided into five regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. The paper estimates revenue growth in USD terms at the regional and country levels from 2021 through 2029. The study includes a regional analysis with the Automotive Composite Liftgate market size of each area. The countries section of the study looks at a number of market components that are projected to influence present and future Automotive Composite Liftgate market trends, as well as changes in market rules at the country level. Consumption, production location and amount, import/export analysis, pricing analysis, raw material prices, and upstream and downstream value chain analysis are some of the major components utilised to forecast each country's Automotive Composite Liftgate Market conditions.
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 Report are:
- What are the Automotive Composite Liftgate market segments?
- Which segment in the Automotive Composite Liftgate market is expected to grow rapidly during the forecast period?
- Which are the prominent players in the Automotive Composite Liftgate market?
- What key trends are expected to emerge in the Automotive Composite Liftgate market during the forecast period?
- What was the Automotive Composite Liftgate market size in 2021?
- Which region dominated theAutomotive 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 by segments with their sub-segments and Region
- 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 an India-based consulting and advisory firm focused on helping clients 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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