The power liftgate market has shown robust growth in the recent period, expanding from $3.08 billion in 2024 to an estimated value of $3.44 billion in 2025 at a compound annual growth rate (CAGR) of 11.7%. The market growth during the historic period was driven by consumer demand, safety concerns, luxury vehicle trends, and regulatory standards.
Furthermore, the power liftgate market size is anticipated to reach $5.42 billion by 2029, growing at a compound annual growth rate (CAGR) of 12.0%. This surge in market growth in the forecast period can be attributed to the rise of electric vehicles and smart connectivity. The market pathways are expected to be shaped by customization trends, innovations in material and design, and market expansion.
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What Are The Major Drives Of Power Liftgate Market Growth?
The market surge for power liftgate is primarily driven by the rise in the adoption of electric vehicles. These automotive vehicles are propelled by one or more electric motors. Power liftgates are a standard feature in these vehicles, enhancing component automation, including the ability to operate the tailgate hands-free. The growing adoption of electric vehicles, therefore, escalates the demand for power liftgates. Latest data from the International Energy Agency shows that electric car sales in 2023 were 3.5 million higher than in 2022, representing a 35% year-on-year increase.
What Key Segments Shape The Global Power Liftgate Market?
1) By System Type: Hands-Free, Conventional
2) By Type: Passenger Vehicle, Commercial Vehicle
3) By Material: Metal, Composite
4) By Sales Channel: OEM, After market
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Who Are The Major Players In The Power Liftgate Market?
The power liftgate market is currently dominated by major players such as Robert Bosch GmbH, Denso Corporation, Johnson Electric Holdings Limited, Magna International Inc., ZF Friedrichshafen AG, Valeo SA, Aisin Seiki Co. Ltd., and others. These companies are at the forefront of market innovation and expansion.
What Key Trends Are Steering The Power Liftgate Market?
The power liftgate market is seeing a rising trend in technological advancements. Companies are heavily investing in providing technologically advanced power liftgates, including smart or hands-free power liftgates powered by sensors, control units, and other facilitating functions for user convenience.
What Is The Regional Outlook For The Power Liftgate Market?
North America dominated the power liftgate market in 2024. The other regions examined in this report are Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, Africa.
What Does The Power Liftgate Market Report 2025 Offer?
The power liftgate refers to an electrically-operated hatch that can open and close automatically. These liftgates can be actuated hands-free using a digital access system or a capacitive kick sensor integrated into the bumper. They can also be opened or closed using buttons on the lid or the key fob. The Power Liftgate Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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