What are the latest figures on the power tailgate system market’s size and projected CAGR?
The power tailgate system market size has grown strongly in recent years. It will grow from $3.2 billion in 2024 to $3.49 billion in 2025 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to increasing focus on enhancing convenience and user experience, growing demand for smart, adaptive and self-controlling power liftgate, demand for power tailgate for passenger cars and commercial vehicles, rising demand in automotive industry, and growing focus on comfort and convenience.
The power tailgate system market size is expected to see strong growth in the next few years. It will grow to $4.91 billion in 2029 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to growing adoption of electric vehicles, increasing vehicle electrification and hybridization, rise of electric and hybrid vehicle adoption, rising demand for automation, and integration of smart features. Major trends in the forecast period include integration of artificial intelligence (AI, innovative technology in automobiles, innovation in vehicle sensors, advancements in electric motor technology, and innovative drivetrain technologies.
Get Your Free Sample of The Global Power Tailgate System Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19156&type=smp
Which Market drivers have played a significant role in driving the power tailgate system market?
The rising demand for electric vehicles is expected to propel the growth of the power tailgate system market going forward. Electric vehicles are automobiles powered either entirely by electric energy stored in batteries or by a combination of an internal combustion engine and an electric motor. The demand for electric vehicles is due to reduce greenhouse gas emissions, lower fuel costs, and meet stricter environmental regulations while promoting sustainable and energy-efficient transportation. Electric vehicles utilize power tailgate systems to provide enhanced convenience and ease of access to the trunk, using automated opening and closing mechanisms powered by the vehicle’s electrical system. For instance, in March 2023, according to the International Energy Agency, a France-based intergovernmental organization, the electric car market experienced exponential growth as sales surpassed 10 million in 2022. A total of 14% of all new cars sold were electric in 2022, reflecting a substantial increase from approximately 9% in 2021. Therefore, the rising demand for electric vehicles drives the power tailgate system market.
What are the key segments within the power tailgate system market?
The power tailgate systemmarket covered in this report is segmented –
1) By System Type: Conventional, Hands-Free Power Liftgate
2) By Component: Electric Motors, Control Modules, Sensors, Wiring Harnesses, Struts Or Shocks, Door Locks, Other Components
3) By Propulsion: Internal Combustion Engine (ICE), Electric
4) By Vehicle Type: Passenger Car, Commercial Vehicle, Heavy Vehicles
5) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
Subsegments:
1) By Conventional Power Liftgate: Electric Liftgate, Hydraulic Liftgate, Pneumatic Liftgate, Manual Override Options
2) By Hands-Free Power Liftgate: Sensor-Based Systems, Kick Sensors, Remote Keyless Entry Systems, Mobile App Control Systems
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/power-tailgate-system-global-market-report
Which key players are shaping the power tailgate system market?
Major companies operating in the power tailgate system market are Robert Bosch GmbH, Continental AG, Magna International Inc., Aisin Seiki Co. Ltd., Brose Fahrzeugteile SE & Co. KG, Johnson Electric Holdings Limited, Huf Holding GmbH & Co. Kg, Stabilus GmbH, Kiekert AG, Strattec Security Corporation, Mitsuba Corporation, Multimatic Inc., Huf Hülsbeck & Fürst GmbH & Co. KG, Tomo Corporation, Ningbo Twirl Motor Co. Ltd., Power-Packer, Igarashi Electric Works Ltd., Airplex Automotive, Calsonic Kansei Corporation, Autoease Technology Co. Ltd.
Which transformative trends will shape the power tailgate system market landscape?
Major companies in the power tailgate system market are focused on developing innovative solutions such as smart electric tailgate actuators to enhance vehicle convenience, improve user safety, and provide seamless hands-free access, reducing energy consumption and improving overall vehicle efficiency. Smart electric tailgate actuators are advanced components that enable the automatic, hands-free opening and closing of vehicle tailgates, offering enhanced convenience, safety, and efficiency in modern automotive systems. For instance, in May 2024, ZHAOWEI, a China-based company that manufactures power transmission systems and gearboxes, launched a smart electric tailgate actuator designed for the automotive industry. This innovative product aims to enhance the convenience and safety of power tailgate systems in vehicles. The actuator features an optimized gearbox and control line design, which helps to increase torque output while reducing noise levels during operation. The electric tailgate actuator employs an electric spindle motor to open and close the trunk lid spring, as well as assist in opening the trunk cover.
How do regional factors impact the power tailgate system market, and which region is the largest contributor?
North America was the largest region in the power tailgate system market in 2024. Asia-Pacific is expected to be the fastest growing region in the market. The regions covered in the power tailgate system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Power Tailgate System Market Report 2025 Offer?
The power tailgate system market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A power tailgate system is an automated mechanism used in vehicles to open and close the rear door (tailgate) with the press of a button or via remote control. It enhances convenience by allowing hands-free operation, which is especially useful when carrying items or loading cargo. The system often includes safety features such as sensors to prevent the tailgate from closing when obstacles are detected.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19156
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
