- Get in Touch with Us
Last Updated: Apr 25, 2025 | Study Period: 2023-2030
An efficient power trunk release system's essential component is the trunk lock actuator. The actuator is the motor that causes the trunk latch to release so that the trunk can be opened using the car's or key fob's release buttons.
The electric motor that controls the trunk lock actuator can either be started manually within the car or remotely using the fob device.
The designs and locations of this device vary depending on the make and model of the vehicle, but they all have the risk of malfunction in common. In automobiles, actuators function invisibly to transform energy into a physical action or force.
The Global automotive Trunk actuator market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
Tesla releases a new automated electric trunk for the Model 3, an improvement that is accessible at authorised service locations. For the Model 3, Tesla has introduced a new automated electric trunk that is available as an aftermarket item at service locations.
The product is presently only available in China, but like other Tesla products these days, it is anticipated to expand to other regions after starting in China. In order to have an automatic electric trunk, some Tesla owners have turned to third-party aftermarket goods.
However, these solutions require installation by the owner or a third-party business, which is not ideal. In order to make Model 3s accessible to those with disabilities, the company was planning to have service facilities install power liftgates.
This was the first proof that Tesla will in fact provide the service. As of right now, Tesla is making it available through its authorised service locations in China.
Like all other services, it is also available for ordering through the app. Although the upgrade costs a little more than competing items, installation is included.
The company is presently only making it available in China, but this is typical for many new Tesla goods and services, which are frequently introduced in China before being made available in more nations.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2023-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2023-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2023-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
© 2017-2025 Mobility Foresights Pvt Ltd. All rights reserved.