Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1345.2 Million | USD 2897.59 Million | 8.9% | 2023 |
According to the report published by Zion Market Research, the global Hands-Free Power Liftgate Market size was valued at USD 1345.2 Million in 2023 and is predicted to reach USD 2897.59 Million by the end of 2032. The market is expected to grow with a CAGR of 8.9% during the forecast period. The report analyzes the global Hands-Free Power Liftgate Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the rising opportunities in the Hands-Free Power Liftgate industry.
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 the control of the user, thereby users can open or close the key on their own. 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 has been a 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 enhance 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.
Report Attributes | Report Details |
---|---|
Report Name | Hands-Free Power Liftgate Market |
Market Size in 2023 | USD 1345.2 Million |
Market Forecast in 2032 | USD 2897.59 Million |
Growth Rate | CAGR of 8.9% |
Number of Pages | 201 |
Key Companies Covered | 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 |
Segments Covered | By Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
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;
The global hands-free power liftgate market is segmented as follows;
By Type
By Application
By Region
What Reports Provide
FrequentlyAsked Questions
A hands-free power liftgate is a vehicle feature that allows you to open and close the rear cargo area without manually pressing a button or using a key. It typically uses sensors, such as a motion sensor or a key fob, to detect the user's presence and initiate the liftgate's operation. This feature offers convenience, especially when carrying items with both hands.
According to a study, the global hands-free power liftgate market size was worth around USD 1345.2 million in 2023 and is expected to reach USD 2897.59 million by 2032.
The global hands-free power liftgate market is expected to grow at a CAGR of 8.9% during the forecast period.
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 has been a 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 of 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.
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed