The power tailgate system market has experienced strong growth, projected to rise from $2.95 billion in 2023 to $3.20 billion in 2024, reflecting a CAGR of 8.6%. This growth has been supported by increasing focus on enhancing convenience and user experience, a growing demand for smart, adaptive, and self-controlling power liftgates, and rising demand for such systems in passenger cars and commercial vehicles, alongside a focus on comfort. The market is anticipated to continue its growth trajectory, reaching $4.51 billion by 2028 with a CAGR of 9.0%. Key factors driving this growth include the increasing adoption of electric vehicles, vehicle electrification and hybridization, the rise of electric and hybrid vehicle adoption, demand for automation, and the integration of smart features. Key trends to watch in the coming years will include the integration of artificial intelligence, innovative automotive technologies, advancements in vehicle sensors, improvements in electric motor technology, and innovations in drivetrain technologies.
Global Power Tailgate System Market Key Driver
The rising demand for electric vehicles is expected to enhance the power tailgate system market. This demand is driven by the need to reduce greenhouse gas emissions and promote sustainable transport. Power tailgate systems provide automated trunk access, increasing convenience. According to the International Energy Agency, electric car sales surpassed 10 million in 2022, with electric vehicles making up 14% of all new car sales, illustrating the demand that drives the power tailgate system market.
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Global Power Tailgate System Market Segments
The power tailgate system market covered in this report is segmented –
1) By System Type: Conventional, Hands-Free Power Liftgate
2) By Component: Electric Motors, Control Modules, Sensors, Wiring Harnesses, Struts Or Shocks, Door Locks, Other Components
3) By Propulsion: Internal Combustion Engine (ICE), Electric
4) By Vehicle Type: Passenger Car, Commercial Vehicle, Heavy Vehicles
5) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
By Geography:The regions covered in the power tailgate system market report areAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the power tailgate system market in 2023. Asia-Pacific is expected to be the fastest growing region in the market.
Major Power Tailgate System Industry Players
Robert Bosch GmbH, Continental AG, Magna International Inc., Aisin Seiki Co. Ltd., Brose Fahrzeugteile SE & Co. KG, Johnson Electric Holdings Limited, Huf Holding GmbH & Co. Kg, Stabilus GmbH, Kiekert AG, Strattec Security Corporation, Mitsuba Corporation, Multimatic Inc., Huf Hülsbeck & Fürst GmbH & Co. KG, Tomo Corporation, Ningbo Twirl Motor Co. Ltd., Power-Packer, Igarashi Electric Works Ltd., Airplex Automotive, Calsonic Kansei Corporation, Autoease Technology Co. Ltd.
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Power Tailgate System Market Overview
A power tailgate system is an automated mechanism used in vehicles to open and close the rear door (tailgate) with the press of a button or via remote control. It enhances convenience by allowing hands-free operation, which is especially useful when carrying items or loading cargo. The system often includes safety features such as sensors to prevent the tailgate from closing when obstacles are detected.
Power Tailgate System Global Market Report 2023 provides data on the global power tailgate system market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The power tailgate system market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
