Industria
Global Automotive Liftgate Market is Likely to Reach $5.1 Billion in 2022 at a CAGR of 5.6%, Composites Liftgate to Experience the Highest Growth Over the Next Five Years, as per a New Report from Stratview Research
This market report, from Stratview Research, studies the liftgate market in the global automotive industry over the period 2011 to 2022. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
As per Stratview Research, . Organic growth in the automobile production owing to increasing disposable income and growing urbanization, increase in the share of SUVs production, and increasing demand for lightweight liftgates to reduce the overall vehicle weight for achieving stringent government regulations, such as CAFÉ standards are the major growth drivers of the global automotive liftgate market.
The author of the report cited that . Large number of SUVs production and high demand for comfort & space in vehicles would continue to drive the segment over the next five years.
As per the study, for manufacturing liftgates over the next five years, whereas . Due to government regulations, the auto industry is rapidly moving towards lightweight materials such as sheet molding compound and long-fiber reinforced thermoplastics to make final component light in weight without sacrificing the overall liftgate performance.
Stamping is expected to remain the most dominant manufacturing process of liftgates in the global automotive industry over the next five years, whereas . Injection molding offers many benefits over competing processes, such as low part cycle time, ability to manufacture complex products, recyclability, good surface finish, lightweight, and excellent strength to weight ratio.
In terms of region, . Increasing automobile production coupled with increasing SUV production share is driving the demand for liftgates in the region.
According to Stratview Research, major global liftgate manufacturers are Ford Motor Company, Volkswagen Group, Meridian Lightweight Technologies, Trinseo, Honda Motor Company, Toyota Motor Corporation, General Motors, Plastic Omnium, and Magna International. Developing lightweight composite liftgate, mergers & acquisitions, and forming long-term contracts with OEMs are the key strategies adopted by the key players to gain a competitive edge in the market.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies liftgate market in the global automotive industry and has segmented the market in four ways, keeping in mind the interest of all the stakeholders across the value chain. The following are the four ways in which the market is segmented:
Global Automotive Liftgate Market, By Material Type
Global Automotive Liftgate Market, By Manufacturing Process Type
Global Automotive Liftgate Market, By Region
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