GLOBAL POWER LIFTGATE MARKET

INTRODUCTION

A power liftgate, also known as an electric tailgate, is a feature found in many modern vehicles that allows the rear door or tailgate to be opened and closed automatically with the push of a button or through a sensor-based system.

Instead of manually lifting the tailgate, the power liftgate utilizes electric motors and a system of hinges, struts, and sensors to facilitate its operation.

Numerous features and customizability choices are frequently included with the motorized liftgate capability. For instance, some models enable users to change the liftgate's opening height, improving accessibility for people of different heights or in areas with low ceilings. This capability comes in handy while loading and unloading things of various sizes or in confined parking spaces.

Here are a few advantages of power liftgates:

Effortless Accessibility: The power liftgate eliminates the need for physical exertion by enabling drivers and passengers to effortlessly open and close the rear door with just a push of a button or a simple gesture. This feature proves particularly beneficial when your hands are occupied with groceries, luggage, or other belongings. It eliminates the hassle of juggling items while trying to access the cargo area, ensuring convenience and ease of use.

Customizable Height Settings: Power liftgates often come equipped with customizable height settings. This feature allows users to program the liftgate's opening height, ensuring it is within reach for individuals of varying heights or in spaces with low ceilings. Whether you're vertically challenged or require additional clearance in a tight parking space, the ability to adjust the liftgate's height provides unmatched flexibility and adaptability.

Safety and Convenience: Power liftgates prioritize safety and convenience by incorporating advanced sensors and technology. These sensors can detect obstacles, preventing accidental collisions and damage. When an obstruction is detected, the liftgate halts its operation or reverses its movement, ensuring the safety of nearby objects and individuals. Additionally, some models offer hands-free operation, where the liftgate opens automatically when the key fob is within proximity, further enhancing convenience and ease of use.

Enhanced Versatility: The power liftgate expands the versatility of the vehicle, catering to a wide range of scenarios. Whether you're loading or unloading groceries, stowing camping gear, or transporting bulky items, the power liftgate simplifies the process.Moreover, it proves invaluable in adverse weather conditions, enabling quick and efficient access to the cargo area without exposing yourself to rain, snow, or extreme temperatures.

Improved Aesthetics and Resale Value: In addition to its practical benefits, the power liftgate enhances the overall aesthetics of the vehicle. The seamless integration of this feature into the design creates a sleek and modern appearance, elevating the vehicle's appeal.

Moreover, vehicles equipped with a power liftgate often maintain higher resale values, as this feature is increasingly becoming a sought-after convenience in the automotive market.

Power liftgate is a notable improvement in automobile efficiency and convenience. It is a vital addition to contemporary automobiles due to its simple accessibility, adjustable height settings, safety features, increased versatility, and aesthetic appeal.

The power liftgate is a prime illustration of how technology can greatly improve the driving experience as the demand for convenience drives automotive innovation.

The power liftgate has unquestionably evolved into a necessary feature for people looking for the best practicality and convenience in their vehicles thanks to its many benefits and a high ‘coolness’ factor for the youngsters.

GLOBAL POWER LIFTGATE MARKET SIZE AND FORECAST

The Global Power Liftgate 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.

NEW PRODUCT LAUNCH

In South Korea, Chevrolet officially introduced its innovative Trax crossover. In GM's extensive vehicle lineup, Chevrolet's entry model is the Trax Crossover. It provides a stylish design while accommodating the various lifestyles of consumers through its adaptability and optimal use of available space.

It is distinguished by a chic appearance that blends the sportiness and distinct sleek ratios of a crossover. 

Based on Chevrolet's latest design language, the inside of the Trax Crossover is specifically designed for drivers. It sports a floating dual screen that is made up of an 11-inch color touchscreen and an 8-inch color cluster display. 

For the convenience of consumers, it also offers cutting-edge amenities like power-ventilated and heated seats with lumbar support, wireless phone charging, a power liftgate, auto hold, and a rear seat air vent.

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Power Liftgates are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global Power Liftgate and key vendor selection criteria
3. Where is the Power Liftgate manufactured? What is the average margin per unit?
4. Market share of Global Power Liftgate market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global Power Liftgate in-house
6. key predictions for next 5 years in Global Power Liftgate market
7. Average B-2-B Power Liftgate market price in all segments
8. Latest trends in Power Liftgate market, by every market segment
9. The market size (both volume and value) of the Power Liftgate market in 2023-2030 and every year in between?
10. Production breakup of Power Liftgate market, by suppliers and their OEM relationship