Automotive Power Tailgate System Market Size, Share, Growth, and Industry Analysis, By Type (Side-Loading, Top-Loading), By Application (Passenger Car, SUV, Others) and Regional Forecast From 2024 to 2031

Updated On: 06 May 2024

AUTOMOTIVE POWER TAILGATE SYSTEM MARKET REPORT OVERVIEW

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The global automotive power tailgate system market size was USD 1193.13 million in 2022 and the market is projected to touch USD 2271.31 million by 2031, exhibiting a CAGR of 6.65% during the forecast period.

Automobile tailgates are designed to withstand a variety of impacts while performing the dual functions of enhancing vehicle safety. In order to guarantee the protection and safety of the cargo held on the back side of the vehicle, tailgates are used more often in both passenger and commercial cars. Leading businesses in the automobile tailgate sector have made a number of advancements, which has fuelled market expansion. The worldwide market trend is positively impacted by the quick adoption of hydraulic or manual tailgates in passenger cars, according to the automotive power tailgate system market growth projection.

The requirement for an efficient automated tailgate in the car and the rise of demand for electronic-based parts and gadgets are two factors driving the growth of the automotive tailgate market. However, it is anticipated that the automobile tailgate market size will be limited by high configuration costs and sensing mechanism deterioration. In addition, the market is anticipated to grow and expand due to a number of factors, including increased global spending on luxury automobiles, technical advancements in the sector, and innovation.

COVID-19 Impact: Restrictions in Mobility to Deplete Market Share

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

2020 saw a number of setbacks for the automotive industry as the coronavirus pandemic caused mobility to be restricted in an increasing number of countries worldwide. Among these were a protracted reduction in demand brought on by nationwide lockdowns and a slowdown in supply as a result of manufacturing facilities temporarily closing. Beginning in February 2020, China had a sharp decline in car sales.

LATEST TRENDS

"Increase in the Average Consumer per Capita Income to Stimulate Market Development"

Automobile tailgates are doors with upward and downward movement capabilities. Automotive tailgates are often fitted in passenger and business vehicles and are composed of plastic, metal, and other polymer materials. Tailgate designs vary and include hydraulic, power, and manual options. Nonetheless, there is a market for tailgates in the automotive industry because of the decline in the cost of auto loans, the convenience of financing through specialized financial plans provided by banks and auto dealers, and the increase in the average consumer's per capita income.

AUTOMOTIVE POWER TAILGATE SYSTEM MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into side-loading, top-loading.

In general, firms that need to process twenty or more cases per minute are better served by side-loading machines, whereas those that value labor savings and flexibility above speed are better served by top-loading machines.

• By Application

Based on application the global market can be categorized into passenger car, SUV, others.

A conventional car, sometimes referred to as a sedan refers to a type of passenger car with four doors including a trunk. Sedans are noted for their mobility and fuel efficiency, and they are built for daily use. A sport utility vehicle, or SUV, is a bigger car built for off-road driving. Compared to sedans, SUVs usually feature more robust styling, four-wheel drive, and higher ground clearance. Additionally, they typically have greater room for seats and cargo. Some SUVs are also capable of towing boats or trailers. On the other hand, SUVs typically use less fuel than sedans.

DRIVING FACTORS

"Popularity of Passenger Vehicles to Aid Market Expansion  "

The worldwide market can be divided into passenger and commercial vehicle segments based on the type of vehicle. The market is led by the passenger vehicle sector in terms of vehicle type. Over the course of the projection period, the category is probably going to continue holding the top spot in the market. It is projected that throughout the projection period, this utility vehicle sub-segment will account for a significant portion of the passenger vehicle sector of the market. MPVs, crossovers, and SUVs are included in the utility vehicle sub segment. Due to their benefits, including comfort when driving, elevated riding position, and off-road drivability, utility vehicles are becoming more and more popular worldwide.

"Upgradation in OEMs Segment to Foster Industry Progress  "

The worldwide market could be divided into OEM & aftermarket segments based on the sales channel. Over the course of the projection period, the OEMs segment is anticipated to develop at the highest CAGR. The main factor contributing to the growth of the OEM market is the use of vehicle tailgates as primary components by large automakers, which provide higher-quality products than more costly aftermarket tailgates. Additionally, as materials have become more advanced, the tailgate of automobiles has occasionally needed to be replaced throughout the course of their lifetime.

RESTRAINING FACTOR

"Irregular Maintenance to Stop Market Evolution  "

The electrically operated tailgate uses an assortment of sensor and mechatronics to assist in opening and closing the doors. As a result, it requires more frequent maintenance and replacement. Opening and closing a manually operated tailgate requires human intervention and supervision. Throughout the projected period, these factors are anticipated to impede market expansion.

AUTOMOTIVE POWER TAILGATE SYSTEM MARKET REGIONAL INSIGHTS

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"Asia Pacific is leading the Marketplace Ascribed to Automobile Manufacturing "

The region of Asia Pacific holds a dominant automotive power tailgate system market share in 2018, mostly due to the increase in automobile manufacturing in India, China, and Japan. Furthermore, Asia Pacific is home to several of the world's highest car producing nations, which is explained by the region's larger market share in the worldwide market. Throughout the projection period, Asia Pacific is anticipated to continue holding the top spot in the tailgate market. Moreover, the tailgate market for automobiles within the region is probably going to be driven by the entry of luxury automakers.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled

• Dongguan Naijie Hydraulic Machinery Manufacturing Co., Ltd. (China)
• Xuchang Aikesi Machinery Co., Ltd. (China)
• Mitsuba (China)
• Shenzhen Sanneng Electromechanical Equipment Co., Ltd. (China)
• Niuli Machinery Manufacture Co., Ltd. (China)
• Shenyang Xinjuli Tailboard Lifter Manufacturing Co., Ltd. (China)
• Johnson Electric (China)
• Shenzhen Cadro Hydraulic Equipment Co., Ltd (China)
• Brose (Germany)

INDUSTRIAL DEVELOPMENT

March 2023: Major automakers including Citroen C4, Range Rover, and Peugeot source composite tailgate material from businesses including plastic omnium and magna international. Over the course of the projected period, there will be a rise in demand for automobile tailgates as the carbon-based composite also lessens the tailgate's overall weight.

REPORT COVERAGE

This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.

In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.