Automotive Tailgate Market Statistics - 2026
The global automotive tailgate market was valued at $11.50 billion in 2018, and is projected to reach $17.17 billion by 2026, registering a CAGR of 5.3%. Asia-Pacific was the highest revenue contributor, accounting for $4.81 billion in 2018, and is estimated to reach $7.94 billion by 2026, with a CAGR of 6.6%. Asia-Pacific and Europe collectively accounted for around 64.3% share in 2018, with the former constituting around 41.9% share and are expected to witness considerable CAGRs of 6.6% and 4.9%, respectively, during the forecast period. The cumulative share of these two segments was 64.3% in 2018, and is anticipated to reach 68.2% by 2026.
Tailgates are the rear gates that are attached to the back side of the vehicle and are used to provide security to the passengers sitting at the back of the vehicle or to accumulate luggage. Tailgates used in a vehicle are of different types such as manually operated tailgates or the automatic tailgates and this depends on the level of autonomy of the vehicle. The increased production and sales of the vehicle along with the technological upgradation in vehicles, manufacturers across the globe have introduced various products in tailgates, which supplements the vehicle tailgate market growth across the globe.
Tailgates used in an automobile are made stronger enough to bear all kinds of impact on the vehicle and are also indulged in providing safety to the vehicle. Tailgates have a wider application in passenger as well as commercial vehicles to ensure the safety and security of the goods kept on the rear side of the vehicle. Various developments have been carried out by top companies operating in the automotive tailgate industry, which fuels the market growth. The automotive tailgate market forecast witnesses a rapid adoption of the hydraulic/manual operated tailgates in passenger vehicles, which positively affects the vehicle tailgate market trend across the globe.
Factors such as increase in demand for electronic-based components or devices and need for effective automatic tailgate in the vehicle are increasing the automotive tailgate market share. However, high configuration cost and degradation of sensing mechanism is expected to hamper the automotive tailgate market size. Further, rise in technological advancement and innovation in the field of automotive industry and surge in expenditure on luxury vehicles around the globe are expected to create numerous opportunities for the growth and expansion of the automotive tailgate market.
The global automotive tailgate market is segmented based on type, vehicle type, sales channel, and region. Based on type, the market is categorized into hydraulic/manual operated and power operated. Based on the vehicle type, the automotive tailgate market is bifurcated into passenger vehicle and commercial vehicle. The original equipment manufacturers and aftermarket are the sales channel supporting the growth of the automotive tailgate market. By region, the market analysis is done across North America, Europe, Asia-Pacific and LAMEA.
Hydraulic/Manual Operated is projected as the most lucrative segments
Key players including Go Industries, Inc., Gordon Auto Body Parts Co., Ltd., Huf Hülsbeck & Fürst GmbH & Co. KG., Johnson Electric Holdings Limited, Magna International Inc., Plastic Omnium, Robert Bosch GmbH, Aisin Seiki, Autoease Technology and Woodbine Manufacturing Co. Inc. and others account for a major automotive tailgate market share.
By Vehicle Type
Passenger Vehicle is projected as the most lucrative segments
Increase in demand for electronic-based components or devices in the vehicle
Electronic-based components and other components such as sensors, are in demand due to increase in requirement of automated, smart, and connected cars. Different applications that include brake vacuum sensor for pressure measurement, clutch sensors to determine the position of the clutch, and others, drive the need for electronic components. The various components such as power hatch lift motor, hatch lift supports, and actuator, play a crucial role in the vehicle tailgate system. Other electronic components are also used to operate the automotive tailgates, which fuels the demand for automotive tailgates in the market.
By Sales Channel
Original Equipment Manufacturers (OEMs) is projected as the most lucrative segments
Need for effective automatic tailgate in the vehicle
The traditional or manual liftgate does not include a precise way of latch locking and does not show any indication of proper latching on dashboard panel; therefore, the automatic operated tailgate is introduced in the market. Liftgates are used with the help of power hydraulic mechanism to reduce human efforts to lift the heavy objectives in the trucks within less time.
High configuration cost and degradation of sensing mechanism
As many components and sensors are assembled in a single dielectric plate in accordance with the compatibility, it incurs higher costs, which further increases the overall manufacturing cost of the application. Few sensors and Nano products are inbuilt in a single plate of dielectric, which increases the complexity in terms of product manufacturing and overall packaging, and ultimately increases the cost of production. Irregular maintenance and poor handling can cause the degradation of the system. Thus, it restricts the adoption of hands-free power liftgate in the market.
Rise in technological advancements and innovation in the field of automotive industry
Innovation of the advanced driving technology is used to detect some objects & hazardous road condition and automatically slow down the speed of the vehicle. Also, the concept of handling vehicle through Internet of things (IOT) and other emerging technologies in the automotive sector, drives the demand for automated or hands-free power liftgate systems in the market. Companies, such as Forbes and Mercedes, use iris recognition and face detection technology to open the liftgate. This fuels the demand for hands-free power liftgates in the market.
Asia-Pacific would exhibit the highest CAGR of 6.6% during 2019-2026.
Key Benefits for Stakeholders:
- This study presents the analytical depiction of the global automotive tailgate market analysis along with the current trends and future estimations to depict the imminent investment pockets.
- The overall automotive tailgate market opportunity is determined by understanding the profitable trends to gain a stronger foothold.
- The report presents information related to the key drivers, restraints, and opportunities of the global automotive tailgate market with a detailed impact analysis.
- The current automotive tailgate market is quantitatively analyzed from 2018 to 2026 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Automotive Tailgate Market Report Highlights
By Vehicle Type
By Sales Channel
Automotive tailgates are a crucial component that ensure the safety of the vehicle from the rear side as well as are responsible for ensuring the safety of the passengers sitting at the rear side of the vehicle. With the increased production and sales of the vehicles across the globe, the trend for better and efficient tailgates in automobiles has increased, which supplements the growth of the automotive tailgate market across the globe. Various developments and introduction of new products have been carried out by top companies related to the automotive tailgates for vehicles, which boosts the growth of the automotive tailgate market eventually increasing the automotive tailgate market size. The market growth is supplemented by proactive industrialization efforts, increased manufacturing output due to technological advancements, and high standards of living. This is expected to allow the emerging markets to evolve as the largest markets during the forecast period, both from the demand as well as the supply side.
Factors such as increase in demand for electronic-based components or devices in the vehicle and need for effective automatic tailgate in the vehicle are driving the growth of the market. However, high configuration cost and degradation of sensing mechanism are anticipated to hamper the growth of the market. Further, rise in technological advancement and innovation in the field of automotive industry and rise in expenditure on luxury vehicles around the globe is expected to create numerous opportunities for the growth and expansion of the automotive tailgate market.
Among the analyzed regions, currently, Asia-Pacific is the highest revenue contributor, and is expected to maintain the lead during the forecast period, followed by Europe, LAMEA, and North America.