Global Hands-Free Power Liftgate Market was valued at US$ 1.7Bn in 2019 and is estimated to reach US$ 2.7Bn by 2026 at a CAGR of 6.43%.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Global Hands-Free Power Liftgate Market Dynamics
Hands-free power liftgate is a back-door system, the user of the vehicle controls the liftgate opening and closing by pressing a key located on the dashboard or handheld or remoting the key, or by using any object operation in the corresponding region of the liftgate.
Hands-free power liftgate market is driven by the increasing desire to incorporate technological advancements in every sector, as well as the willingness to spend on luxury vehicles. Users desire to own a vehicle with the latest sensors and electronics-based components also fuels the growth in the market. This, in turn, improves the quality of the product and sensing mechanism for accurate functioning. Some factors that restrict hands-free power liftgate market growth are the degradation of the sensing mechanisms and the high configuration cost of the system.
Global Hands-Free Power Liftgate Market Segment Analysis
The semi-automatic segment accounted for the highest share in 2019, growing the highest CAGR from 2019 to 2026. The operation of the semi-automatic type has evolved as vehicle manufacturers experimented with different systems.
Passenger cars generated the highest market share during the forecast period. The strengthening economy and, increasing purchasing power, drive the demand for a passenger vehicle in the market. The luxury passenger cars are equipped with high safety and advanced features that require sensor-based technology inside the vehicle.
Global Hands-Free Power Liftgate Market Regional Insights
Region-wise, the Asia-Pacific will occupy more market share in upcoming years, especially in China, India and Southeast Asia which is also the fastest-growing region. And this is especially due to the increase in demand for sensors and electronic devices in the field of the automotive sector.
The global hands-free power liftgate market report includes PESTLE analysis, competitive landscape, and Porter’s five force model. Market attractive analysis wherein all the segments are benchmarked based on the market size, growth rate, and general attractiveness.
Global Hands-Free Power Liftgate Market, Key Highlights:
• Global Hands-Free Power Liftgate Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Hands-Free Power Liftgate Market
• Global Hands-Free Power Liftgate Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Hands-Free Power Liftgate Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Hands-Free Power Liftgate Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Hands-Free Power Liftgate Market are also profiled.
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Global Hands-Free Power Liftgate Market, by Product
• Fully Automatic
Global Hands-Free Power Liftgate Market,by End-user
• Commercial Vehicle
• Passenger car
Global Hands-Free Power Liftgate Market,by Region
• North America
• Middle East and Africa
• South America
Global Hands-Free Power Liftgate Market Key Players
• Aisin Seiko co., Ltd.
• Autoease Technology
• Brose Fahrzeugteile GmbH & Co.KG
• Faurecia SA
• Grupo Antolin Irausa S.A
• Huf Hülsbeck & Fürst GmbH & Co. KG
• Johnson electric
• Magna International Inc.
• Stabilus GmbH
• Electric tailgate system
• Power Lift Gate Shenzhen Leilawin Tech Co.,Ltd.
• Power-Packer Corporation
• Igarashi Electric Works
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