Automotive Composite Liftgate Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation by Vehicle Type, Material Type, Manufacturing type, and Region

Automotive Composite Liftgate Market Overview:

A hydraulic device that automatically activates and assists the tailgate in opening and closing is known as an automotive liftgate. A button on the dashboard controls the liftgate assembly of an automobile. In addition, a sensor attached to the rear bottom of the car's bumper can be used to open and close the automobile liftgate using simple motions. For shutting and opening the tailgate, an automotive liftgate consists of a mechatronic assembly that includes electronic latches, carrier components, and occlusions.

 

Automotive Composite Liftgate Market report examines the market's growth drivers as well as its segments (Type, Interferometer Type, Application, End-User, and Region). Data has been provided by market participants, and regions (North America, APAC, Europe, MEA, and South America). This market study takes an in-depth look at all of the significant advancements that are currently occurring across all industry sectors. To provide key data analysis for the historical period (2017-2020), statistics, and presentations are used. The report examines the Automotive Composite Liftgate markets, Drivers, Restraints, Opportunities, and Challenges. This SMR report includes investor recommendations based on a detailed analysis of the current competitive landscape of the Automotive Composite Liftgate market.

 

 

To get more Insights: Request Free Sample Report

 

Automotive Composite Liftgate Market Dynamics:

The global automotive composite liftgate market is expected to proliferate over the forecasted period, reaching a value of US$ 1574.97 million in 2027. Increasing automotive production, the share of SUVs in overall vehicle production, and the preference for lightweight liftgates over heavy metallic liftgates contribute to the market's growth. Some major OEMs have shifted to composite liftgates in some of their mass-market vehicles, including Ford Motor Company, Nissan Motor Co. Ltd., BMW AG, Groupe Renault, Group PSA, and The Volvo Group.

 

The rising demand for SUVs in the global market will be a significant driver for the automotive liftgate industry in the coming years. Because of the increased production of automobiles in the coming years, considerable expansion of the automobile industry supports the growth of the automotive composite liftgate throughout the projected period. In addition, the government's strict restrictions for decreasing car weight have boosted demand for lightweight automotive liftgates.

 

Over the projected period, these factors will propel the automotive liftgate market to significant growth. In addition, the growing demand for automotive liftgates in the automotive world would move the automotive composite liftgate market to rapid growth over the forecast period.

 

Organic growth in automobile production due to rising disposable income and urbanization, increasing demand for lightweight liftgates to reduce overall vehicle weight to meet stringent government regulations such as CAFÉ standards, and increasing demand for lightweight liftgates are all major growth drivers of the global automotive composite liftgate market.

 

APAC is predicted to contribute brisk growth to the global automotive composite liftgate market, owing to the large production share of SUVs, which is propelling the industry. The APEJ market for automotive composite liftgate is dominated by China. In the foreseeable term, India will be the growth engine, offering numerous chances for the automobile sector.

 

Automotive Composite Liftgate Market Segmentation:

Based on Vehicle Type, the automotive composite liftgate market is segmented into Hatchback, SUV, and other vehicle types based on vehicle type. Over the forecasted period, the hatchback segment is projected to remain the most popular segment; however, SUVs are likely to be the fastest-growing class due to increasing demand and more production in the forecast period. SUVs also use a little more gas than a similar-sized hatchback because they weigh more and are less aerodynamically efficient, resulting in increased wind resistance. Hatchbacks are more agile and pleasant to drive on a winding road because of their lower center of gravity. Some significant hatchback cars with composite liftgates are the Renault Clio and Megane, Peugeot 308 and 508, and BMW i3.

 

 

Based on Material Type, Automobile Composite liftgate market is segmented into metal and composites. Over the forecasted period, metal is expected to remain the most prevalent material type, although composites-based liftgates are expected to grow faster. Several causes contribute to the continual change from metal to composite liftgates, the most prominent of which is government legislation.  Many governments have set stringent rules on automakers, forcing them to lower overall vehicle weight to improve fuel efficiency or reduce pollutants.

 

Liftgates could not avoid such constraints and saw a substantial shift in material choices over time.  The auto industry is rapidly moving towards lightweight materials, such as sheet molding compounds and long-fiber reinforced thermoplastics, to make the final component light in weight without sacrificing the overall liftgate.

 

Based on the Manufacturing Process Type, Automotive Composite Liftgate Market is Segmented into Injection Molding, and Compression Molding. Over the forecast period, injection molding is predicted to remain the most dominant process, although compression molding is expected to increase faster. The most common composites used to make composite liftgates are sheet moulding compound (SMC) and long-fiber-reinforced thermoplastic (LFRT) compounds.

 

Automotive Composite Liftgate Market Regional Insights:

In 2023, the automotive composite liftgate market was likely to be dominated by North America. Increased environmental concerns about conventional powertrain-based car (internal combustion) emissions can be lowered with advanced composites components, resulting in increased demand for hybrid and electric vehicles in the North American region during the forecast period.

 

In these regions, the market is rising at a considerable CAGR. The demand for Automobile Composite Liftgate Market is being driven by the global growth of the automotive sector. Due to increasing development and rising demand for automobiles, Asia Pacific would be the fastest-growing market over the projected period.

 

This rise can be ascribed to a growing number of car manufacturers, low penetration rates, increased availability of public transit networks, and government measures that are moving the industry forward. In 2023, Asia Pacific had the most significant market share, which is likely to continue throughout the projected period. Due to China's fast industrialization, the Asia Pacific area has experienced exponential expansion, resulting in significant demand for the automobile industry. The market for sedans with power liftgates has grown in recent years due to rising demand in emerging economies such as China and India, where customers value convenience more than ever before.

 

Over the projected period, the expansion in manufacturing operations in developing nations such as India and China would generate a significant opportunity for automotive liftgate in these countries. High prices and high shipping costs may hamper the global market for vehicle liftgates.

 

The report aims to provide stakeholders in the Automotive Composite Liftgate market with a detailed market outline. The research discusses the most critical Automotive Composite Liftgate sector trends and how these trends will impact future business investments and marketing strategies throughout the forecast period. By studying market leaders, market followers, and regional players, the report also aids in the understanding of the Automotive Composite Liftgate Market dynamics, economic fundamentals, and competitive structure.

 

The qualitative and quantitative data in the Automotive Composite Liftgate Market research will help determine which market segments, regions, and influencing factors are expected to grow at faster rates and significant opportunity areas that will drive the market and market growth during the projected period.

 

The competitive landscape of essential players in the market and their recent advances in the Automotive Composite Liftgate Market is also included in the report. The study examines company size, market share, market growth, revenue, production volume, and profitability of the Automotive Composite Liftgate Market's major players.

 

 

This report aims to provide a comprehensive analysis of the Automotive Composite Liftgate Market and highlight the significant trends and growth opportunities. The report offers Porter's Five Force Model for analysis of the Automotive Composite Liftgate Market, which helps design the business strategies in the market. The study aids in determining the number of rivals, who they are, and the performance of the products in the industry.

 

The analysis also examines whether the Automotive Composite Liftgate Market is open to new entrants, whether they enter and exit the market regularly, and whether a few players dominate it.

 

The report also includes PESTEL Analysis, which aids in developing company strategies. Numerous elements affect growth and profitability. A PESTEL study can assist in determining the significance and strength of these elements.

 

It helps firms decide which characteristics are beneficial and which are not. PESTEL is a word that stands for Political, Economic, Socio-cultural, Technological, Environmental, and Legal. These variables take on added significance for organizations functioning in a global setting.

 

Automotive Composite Liftgate Market Scope:

Automotive Composite Liftgate Market
Market Size in 2023	USD 1206.03 Mn.
Market Size in 2030	USD 2456.92 Mn.
CAGR (2024-2030)	10.7%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	by Vehicle type Hatchback SUV Others
	by Materials Metal Composite
	By Manufacturing process Injection Molding Compression Molding
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Automotive Composite Liftgate Market Key players:

The Automotive Composite Liftgate Market has become competitive, with various players in the industry have adopted product launches and business expansion as their developmental strategies to expand their market share, increase profitability, and remain stable in the market.

 

To grow their product range and acquire a competitive edge in the industry, key players in the market are employing various business tactics such as business expansion. To strengthen their market position, significant organizations in the industry are pursuing various business strategies such as mergers and acquisitions. Some of the most prominent and loved players in the

 

Automotive Composite Liftgate Market from all over the world are:

• Brose Fahrzeugteile (Coburg, Germany)
• Huf Group (Velbert, Germany)
• Magna International (Aurora, Canada)
• HI-LEX Corporation (Hyogo, Japan)
• Aisin Seiki (Aichi, Japan)
• Strattec Securit (Wisconsin, United States)
• Plastic Omnium Group (Levallois-Perret, France)
• Trinseo S.A. (Pennsylvania, United States)
• Hondo Motor Company (Tokyo, Japan)
• Toyota Corporation (Aichi, Japan)
• General Motors Company (Michigan, United States)
• HIAB (Sweden)
• Zero (San Fransisco, United States)
• Fiat Chrysler (Michigan, United States)
• Says Group (Saudi Arabia)
• Pal Finger (Bergheim, Austria)