Driving Innovation : Exploring the Automotive Tailgate Market Growth Trajectory and Technological Advancements

OREGAON, PORTLAND, UNITED STATES , April 9, 2024 /EINPresswire.com/ — Allied Market Research published a report, titled, “Automotive Tailgate Market by Type (Hydraulic/Manual Operated and Power Operated), Vehicle Type (Passenger Vehicle and Commercial Vehicle), and Sales Channel (Original Equipment Manufacturers (OEMs) and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2019–2026.” According to the report, the global automotive tailgate industry garnered $11.49 billion in 2018, and is expected to reach $17.17 billion by 2026, growing at a CAGR of 5.3% from 2019 to 2026.

➡️𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 – https://www.alliedmarketresearch.com/request-sample/6299

Automotive tailgates are the gates attached to the rear side of the vehicle and are responsible for ensuring the safety and security of the passengers and vehicle while driving. Tailgates used in a vehicle are of different types such as manually operated tailgates or the automatic tailgates and this depends on the level of autonomy of the vehicle. With the increased production and sales of the vehicles equipped with advanced components, the demand for better and efficient tailgates to be equipped in vehicles has increased, which supplements the growth of the vehicle tailgate market.

𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐟𝐨𝐫 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬:

This study presents the analytical depiction of the global automotive tailgate market analysis along with the current trends and future estimations to depict the imminent investment pockets.

The overall automotive tailgate market opportunity is determined by understanding the profitable trends to gain a stronger foothold.

The report presents information related to the key drivers, restraints, and opportunities of the global automotive tailgate market with a detailed impact analysis.

The current automotive tailgate market is quantitatively analyzed from 2018 to 2026 to benchmark the financial competency.

Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Prime determinants of growth

Surge in demand for electronic based components or devices in the vehicle and requirement for effective products in the vehicle drive the growth of the global automotive tailgate market. However, degradation of sensing mechanism and high configuration cost hinder the market growth. On the other hand, increase in expenditure on luxury vehicles across the world and technological advancements & innovations present new pathways for growth in the industry.

The hydraulic/manual operated segment to lead during the forecast period

Based on type, the hydraulic/manual operated segment held nearly 91% of the total share of the global automotive tailgate market in 2018, and is expected to continue to lead during the forecast period. This is due to its wide applications in older vehicles. Moreover, the power-operated segment is expected to grow at the highest CAGR of 7.4% from 2019 to 2026, owing to rise in production of autonomous vehicles and advent of electric vehicles.

➡️𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/automotive-tailgate-market/purchase-options

The passenger vehicle segment to maintain its leadership position in terms of revenue by 2026

Based on vehicle type, the passenger vehicle segment held the highest market share of the global automotive tailgate market in 2018, contributing for more than three-fourths of the total share, and will maintain its leadership position in terms of revenue throughout the forecast period. Moreover, this segment is expected to register the fastest CAGR of 5.4% from 2019 to 2026. This is due to need for better and efficient components of tailgate to be installed in the vehicles. The research also analyzes the commercial vehicle segment.

Asia-Pacific to present lucrative opportunities, North America to follow

Based on region, Asia-Pacific contributed to the highest market share in terms of revenue, accounting for nearly two-fifths of the global drive by wire market in 2018, and is expected to maintain its lead position during the forecast period. In addition, this segment is expected to register a CAGR of 6.6% from 2019 to 2026. This is due to wide range of applications of tailgate in the region along with huge number of vehicles running in the region. However, North America accounted for nearly one-fifth of the total market share in 2018, and continue to grow throughout the forecast period.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬

Go Industries, Inc.

Gordon Auto Body Parts Co., Ltd.

Huf Hülsbeck & Fürst GmbH & Co. KG.

Johnson Electric Holdings Limited

Magna International Inc.

Plastic Omnium

Robert Bosch GmbH

Aisin Seiki

Autoease Technology

Woodbine Manufacturing Co. Inc.

➡️𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 – https://www.alliedmarketresearch.com/purchase-enquiry/6299

Factors such as increase in demand for electronic-based components or devices and need for effective automatic tailgate in the vehicle are increasing the automotive tailgate market share. However, high configuration cost and degradation of sensing mechanism is projected to hamper the automotive tailgate market size. Further, rise in technological advancement and innovation in the field of automotive industry and surge in expenditure on luxury vehicles around the globe is expected to create numerous opportunities for the growth and expansion of the vehicle tailgate market.

𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

https://www.alliedmarketresearch.com/hands-free-power-liftgate-market – Global Opportunity Analysis and Industry Forecast, 2021-2030

https://www.alliedmarketresearch.com/luxury-car-market-A05980 – Global Opportunity Analysis and Industry Forecast, 2021-2031

https://www.alliedmarketresearch.com/automotive-panoramic-sunroof-market – Global Opportunity Analysis and Industry Forecast, 2019-2026

David Correa
Allied Market Research
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