0
2020
Automotive Tailgate Market

Automotive Tailgate Market

by Type (Hydraulic/Manual Operated and Power Operated), Vehicle Type (Passenger Vehicle and Commercial Vehicle), and Sales Channel (Original Equipment Manufacturers (OEMs) and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2019-2026
Update Available On-Demand

Report Code: A05934
Pages: 184
Jan 2020 | 5360 Views
Author(s) : Abhay Singh
Tables: 90
Charts: 58
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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. 

Automotive Tailgate Market

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.

Automotive Tailgate Market
By Type

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Hydraulic/Manual operated is projected as the most lucrative segments

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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.

Automotive Tailgate Market
By Vehicle Type

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Passenger Vehicle is projected as the most lucrative segments

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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.

Automotive Tailgate Market
By Sales Channel

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Original Equipment Manufacturers (OEMs) is projected as the most lucrative segments

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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

Automotive Tailgate Market
By Region

2026
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific would exhibit the highest CAGR of 6.6% during 2019-2026.

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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

Aspects Details
By Type
  • Hydraulic/Manual Operated
  • Power Operated
By Vehicle Type
  • PASSENGER VEHICLE
  • COMMERCIAL VEHICLE
By Sales Channel
  • Original Equipment Manufacturers (OEMs)
  • Aftermarket
By Region
  • NORTH AMERICA 
  • US 
  • CANADA 
  • MEXICO 
  • EUROPE 
  • GERMANY 
  • FRANCE 
  • UK 
  • ITALY 
  • REST OF EUROPE 
  • ASIA-PACIFIC 
  • CHINA 
  • JAPAN 
  • INDIA 
  • SOUTH KOREA 
  • REST OF ASIA-PACIFIC 
  • LAMEA 
  • LATIN AMERICA 
  • MIDDLE EAST 
  • AFRICA 
 

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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.

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FREQUENTLY ASKED QUESTIONS?

A. The new competitive developments in Automotive Tailgate Market are the different innovations carried out by top companies operating effectively in Automotive Tailgate Market. For instance, companies such as Autoease technology developed new power liftgate kit for Ford vehicles that automatically opens and closes the rear door by using remote control, switch and other components. Such developments carried across the globe by different manufacturers boost the market.

A. Based on type of tailgates, the hydraulic/manual operated tailgates have the highest market share in the Automotive Tailgate Market which is followed by power operated tailgates. This is due to the innovations carried out by different companies in automotive tailgate market which supplements the growth of the market.

A. The report sample for Automotive Tailgate Market report can be obtained on demand from the website.

A. The potential customers of the Automotive Tailgate Market are the original equipment manufacturers (OEMs) who install automatically operated components in their vehicles. Also, the aftermarket players are the potential customers of the Automotive Tailgate Market as the products sold by them are used in replacement and aftermarket purpose for the existing one.

A. The leading players in Automotive Tailgate Market are Autoease Technology, Aisin Seiko, Johnson Electric Holdings Limited, Gordon Auto Body Parts Co., Ltd., Plastic Omnium and others who hold a major market share in the industry.

A. The company profiles of the top ten players of the Automotive Tailgate Market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the automotive tailgate industry along with their last three year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated.

A. Based on the global automotive tailgate market analysis, Asia-Pacific is the major revenue contributor in 2018 and is expected to provide more business opportunities during the forecast period as well as is expected to see a lucrative growth during the forecast period.

A. The service providers of the automotive tailgate industry are the key players manufacturing tailgates and associated system for vehicles. This also includes the aftermarket players who sells the automotive tailgates for replacement purpose based on customers demand.

A. The key growth strategies adopted by the automotive tailgate industry players includes innovations and developments of better and efficient products which have a wider application in vehicles. These strategies opted by various industry players is leading to the growth of the industry as well as the players.

A. Automotive Tailgate Market have a wider application in passenger and commercial vehicles as well as are used by the original equipment manufacturers (OEMs) and aftermarket players for replacement of the existing tailgates which supplements the growth of market across the globe.

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