Asia Pacific is the leading region in the global hands-free power liftgate market due to the growing disposable income of the people in the region.
Global Hands-Free Power Liftgate Market: Overview
The hands-free power liftgate is located on the dashboard of the vehicle and is a back door system. It is in control of the user, thereby users can open or close the key on its own. The automobile manufacturers adopt these hands-free liftgate systems to offer convenience to users. The system also facilitates heightened memory, intelligent anti-trap, and other functions.
Global Hands-Free Power Liftgate Market: Growth Factors
The global hands-free power liftgate market is likely to grow significantly during the forecast period due to the exponential rise in the number of car sales, particularly in developing economies. The advanced liftgate designs are focused on minimizing space and component weight as it was the major concern for several years for automotive OEMs, particularly for luxury car models. However, the novel product framework is aligned with anti-corrosion coatings and composite designs that help in enhancing the fuel efficiency of the vehicle, thereby accelerating its adoption rate. The growing disposable income of the people globally is another key reason propelling the demand for premium vehicles, thereby scaling up the growth of the global hands-free power liftgate market. Modern luxury cars come with artificial intelligence tech to lower the potential risk of accidents and safely handle loads of goods. As a result, this factor is likely to emerge as a major growth factor for the growth of the global hands-free power liftgate market in the coming years. Additionally, this power liftgate system permits hands-free access for checking out the growing rolls in low-height garages. Human actions like general kicks are enough to operate the back doors. But with advancing technology, several new and innovative systems are introduced in the market. Some of them are even hands-free and just need gentle gestures to activate the system. For instance, Ford introduced a touch-free liftgate model for Escape and Everest car models in 2020. The advent of the Covid-19 pandemic has significantly slowed and even halted the operations in the global hands-free power liftgate market, but with time the market is likely to see a positive growth trajectory in the forthcoming years along with some strong growth prospects. The emergence of unique concepts like the internet of things (IoT) in handling vehicles, along with other emerging technologies in the automotive sector, is likely to further scale the demand for automated or hands-free liftgate systems. Also, basic electronic components like sensors are high in demand due to the surging trend for connected, smart, and automated cars. Diverse applications like the clutch sensor to look for the clutch position, brake vacuum sensors to check for pressure, and others are driving requirements for sensors. Other components like hatch lift support, power hatch lift, and actuators play a vital role in the hands-free power liftgate system.
Global Hands-Free Power Liftgate Market: Segmentation
The global hands-free power liftgate market can be segmented into type, application, and region.
By type, the market can be segmented into semi-automatic and fully automatic. The fully automatic segment accounts for the largest share in the global hands-free power liftgate market due to the growing requirement for automated operated tailgate systems in the market. These liftgate systems make use of hydraulic power mechanisms to lower human efforts and lift the heavy objects within less time; therefore, the surge in its applications is propelling the requirement of the fully automatic segment.
By application, the market can be segmented into commercial and passenger vehicles.
Global Hands-Free Power Liftgate Market: Regional analysis
North America accounts for the largest share in the global hands-free power liftgate market due to the ongoing technological advancements in the region, along with the presence of prominent market leaders. Also, the high demand for connected and smart cars will further drive the growth of the regional market.
Asia Pacific is another leading region in the global hands-free power liftgate market due to the growing disposable income of the people in the region.
Global Hands-Free Power Liftgate Market: Competitive Players
Some of the significant players in the global hands-free power liftgate market are Stabilus GmbH, tommy gate, Magna International Inc., Johnson electric, Huf Hülsbeck & Fürst GmbH & Co. KG, Grupo Antolin Irausa S.A, Faurecia SA, Brose Fahrzeugteile GmbH & Co.KG, Autoease Technology, and Aisin Seiki co., ltd.
Global Hands-Free Power Liftgate Market: Regional Segment Analysis
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FrequentlyAsked Questions
The global hands-free power liftgate market is likely to grow significantly during the forecast period due to the exponential rise in the number of car sales, particularly in developing economies. The advanced liftgate designs are focused on minimizing space and component weight as it was the major concern for several years for automotive OEMs, particularly for luxury car models.
Some of the significant players in the global hands-free power liftgate market are Stabilus GmbH, tommy gate, Magna International Inc., Johnson electric, Huf Hülsbeck & Fürst GmbH & Co. KG, Grupo Antolin Irausa S.A, Faurecia SA, Brose Fahrzeugteile GmbH & Co.KG, Autoease Technology, and Aisin Seiki co., ltd.
North America accounts for the largest share in the global hands-free power liftgate market due to the ongoing technological advancements in the region, along with the presence of prominent market leaders. Also, the high demand for connected and smart cars will further drive the growth of the regional market.
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