Automotive Tailgate Market Revenue, Share, Growth, Trends, Analysis, Challenges and Future Outlook: SPER Market Research
The automotive tailgate is a rear door that allows access to the vehicle’s boot compartment. These are commonly found in sedans, compact SUVs, SUVs, hatchbacks, and pickup trucks. Tailgates are often electric, hydraulic, or manually operated. Tailgates, in addition to having an aerodynamic design, provide the car a nice appearance. Tailgates also reduce outside noise and water leaking inside the car. Tailgates are composed of plastic composites, metal, or other polymers. The rising trend of engine reduction is fueling demand for tailgates made of plastic composites,
According to SPER market research, ‘Global Automotive Tailgate Market Size- By Product Type, By Material Type, By Vehicle Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Automotive Tailgate Market is predicted to reach 24.46 billion by 2033 with a CAGR of 5.52%.
Drivers:
One of the primary reasons contributing to the market’s favorable outlook is global growth in the automobile industry. Furthermore, growing vehicle electrification for improved security and operational efficiency is driving market expansion. Automotive tailgates contain power hatch lift motors, hatch lift support systems, and actuators to ensure that the vehicle component functions properly. In accordance with this, customer demand for autonomous and electric vehicles is increasing, which is also contributing to market growth. Various technological breakthroughs, such as the integration of innovative electronic components and technologies, are also driving growth. In automated, smart, and connected automobiles, tailgates contain brake vacuum and clutch sensors for pressure monitoring and other tasks.
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Restraints:
The global automobile tailgate industry is expanding, but it confronts many difficulties that could limit its growth. One notable problem is the high cost of modern tailgate systems, such as power-operated and hands-free mechanisms, which may repel price-sensitive customers and prevent general adoption. Furthermore, incorporating complex electronic components into tailgates raises the danger of malfunctions and maintenance concerns, which may have an impact on consumer satisfaction and brand reputation. The market also faces the demand for lightweight materials to improve fuel efficiency, which can raise production costs and create manufacturing issues. Furthermore, the shift to electric cars (EVs) creates uncertainty because tailgate designs must adapt to new vehicle architectures and consumer expectations, necessitating major R&D investments.
Asia-Pacific dominates the global automotive tailgate market because of its huge automotive production base and the growing need for lightweight vehicle components. Some significant market players are Johnson Electric Holdings Limited, Magna International Inc., Plastic Omnium, Robert Bosch GmbH and Woodbine Manufacturing Company.
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Automotive Tailgate Market Growth
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