The Power Liftgate Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Power Liftgate Market?
The Power Liftgate Global Market Report 2024 observed a swift growth in the recent past. The market size is expected to increase from $3.08 billion in 2024 to $3.44 billion in 2025. This increase represents a compound annual growth rate (CAGR) of 11.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Power Liftgate Industry?
The Power Liftgate Global Market is predicted to expand to a value of $5.42 billion by 2029, with a compound annual growth rate (CAGR) of 12.0%.
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What are the Key Growth Drivers Fueling the Power Liftgate Market?
The key drivers in the power liftgate market are:
• Rise in the adoption of electric vehicles
• Enhanced smart connectivity features
• Surge in demand for customization trends
• Innovations in material and design contributing to market growth
Global Market Segmentation: Identifying Major Power Liftgate Industry Segments
The power liftgate market covered in this report is segmented –
1) By System Type: Hands-Free, Conventional
2) By Type: Passenger Vehicle, Commercial Vehicle
3) By Material: Metal, Composite
4) By Sales Channel: OEM, After market
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What are the Emerging Trends Shaping the Future of the Power Liftgate Market?
The key trends in the fish sauce market are:
• The market is experiencing a rising trend towards customization.
• Innovations in material and design are shaping the future of the market.
• The surge in the popularity of electric vehicles is a significant trend.
• Market expansion is an emerging trend in the power liftgate industry.
Who Are the Top Competitors & Leading Players in the Power Liftgate Market?
Major companies in the power liftgate market are:
• Robert Bosch GmbH
• Denso Corporation
• Johnson Electric Holdings Limited
• Magna International Inc.
• ZF Friedrichshafen AG
• Valeo SA
• Aisin Seiki Co. Ltd.
• Hyundai Mobis Co. Ltd.
• Continental AG
• TRW Automotive Holdings Corp.
• Parker Hannifin Corporation
• NTN Corporation
• Thyssenkrupp AG
• Mitsuba Corporation
• Delphi Technologies PLC
• Adient plc
• Brose Fahrzeugteile SE & Co. KG
• Calsonic Kansei Corporation
• Gentherm Incorporated
• Kiekert AG
• Faurecia SE
• SWS Group Inc.
• Laird PLC
• JTEKT Corporation
• Visteon Corporation
• Hitachi Automotive Systems Ltd.
• Sona BLW Precision Forgings Ltd.
• Huf Hülsbeck & Fürst GmbH & Co. KG
• Gestamp Automoción S.A.
Regional Dominance: Which Area Leads the Global Power Liftgate Market?
North America was the largest region in the power liftgate market in 2024
