The Business Research Company’s report on the Smart Tailgate Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the smart tailgate market’s growth in recent years?
The growing luxury automotive sector is expected to propel the growth of the smart tailgate market going forward. The luxury automotive sector refers to a segment of the car industry that focuses on high-end vehicles offering superior quality, advanced technology, exceptional performance, and exclusive designs. The growing luxury automotive sector is due to rising disposable incomes, and shifting consumer preferences toward premium experiences. As global wealth increases, more consumers seek high-end vehicles that offer superior comfort, performance, and cutting-edge features. Smart tailgate enhances the luxury automotive sector by providing seamless, hands-free access to the trunk, improving convenience, safety, and premium user experience through advanced sensor technology and automation. For instance, in January 2024, according to the report published by BMW Group, a Germany-based manufacturer of luxury vehicles and motorcycles, the BMW Group achieved a record sales performance in 2023, delivering 2,555,341 vehicles across its luxury brands such as BMW, MINI, and Rolls-Royce, marking a 6.5% increase. Further, In the fourth quarter of 2023, the company saw a 10.3% year-over-year sales growth, reaching 718,778 units. Therefore, the growing luxury automotive sector is driving the growth of the smart tailgate market.
Access Your Free Sample of the Global Smart Tailgate Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=22145&type=smp
How does the future projection of the smart tailgate market size compare to its historical growth?
The smart tailgate market size has grown strongly in recent years. It will grow from $3.47 billion in 2024 to $3.81 billion in 2025 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to growth in e-commerce and logistics, expansion of the electric vehicle (EV) market, rise in demand for shared mobility, increasing focus on user experience, and rise in demand for commercial vehicles.
The smart tailgate market size is expected to see strong growth in the next few years. It will grow to $5.46 billion in 2029 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to increasing demand for luxury vehicles, a growing preference for hands-free and automated solutions, urbanization and lifestyle changes, rising disposable income, and a growing trend for aftermarket customization. Major trends in the forecast period include multi-functional tailgates, integration with mobile apps, adoption of augmented reality (AR), innovations in sensors, actuators, and automation technologies, and integration with smart vehicle systems.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=22145&type=smp
Which key players are shaping the future of the smart tailgate market?
Major companies operating in the smart tailgate market are Hyundai Motor Company, Kia Corporation, Continental AG, Magna International Inc., Aisin Seiki Co. Ltd., Opmobility Ltd., Brose Fahrzeugteile GmbH & Co. KG, Mitsuba Corporation, Huf Hülsbeck & Fürst GmbH & Co. KG, Wuling company, Shenzhen Qinglian Tongchuang Automobile Electronics Co. Ltd., Padmini VNA Mechatronics Ltd., NMB Technologies Corporation, Huizhou Yopine Technology Co. Ltd., Veigel GmbH + Co. KG, Twirl Motor Technologies, Shenzhen Zhaowei Machinery & Electronics Co. Ltd, Dongguan Kaimiao Electronic Technology Co. Ltd, Guangzhou Tomaster Auto Parts Co. Ltd, Guangzhou Zhihang Electronics Technology Co. Ltd
What trends will propel the growth and evolution of the smart tailgate market?
Major companies operating in the smart tailgate market are focusing on developing innovative technology, such as noise-reduction technology, to enhance user experience and improve vehicle cabin quietness. Noise-reduction technology uses sound-absorbing materials, active noise cancellation, or vibration-dampening techniques to minimize unwanted sound. This technology reduces mechanical and aerodynamic noise, improving passenger comfort and vehicle performance. For instance, in February 2024, Shenzhen Zhaowei Machinery & Electronics Co. Ltd., a China-based manufacturing company, launched the smart electric tailgate actuator. This product automates tailgate operation via remote control, enhancing user convenience, especially when carrying multiple items. It features low noise, stable operation, a compact structure, high torque, and a strong load capacity, improving the overall user experience. The integration of noise-reduction technology in smart tailgate systems reflects the growing demand for quieter and more efficient vehicle components in modern automobiles.
Which regions are expected to become dominant players in the smart tailgate market?
North America was the largest region in the smart tailgate market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart tailgate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Order Your Report Now For Swift Delivery
https://www.thebusinessresearchcompany.com/report/smart-tailgate-global-market-report
What are the emerging key segments in the smart tailgate market, and how are they evolving?
The smart tailgate market covered in this report is segmented –
1) By Type: Power Tailgate, Hands-Free Tailgate
2) By Technology: Sensor-Based, Camera-Based, Other Technologies
3) By Vehicle Type: Passenger Cars, Commercial Vehicles
4) By Application: Original Equipment Manufacturer, Aftermarket
Subsegments:
1) By Power Tailgate: Button-Controlled Power Tailgate, Remote-Controlled Power Tailgate, Sensor-Based Power Tailgate
2) By Hands-Free Tailgate: Foot Gesture-Activated Tailgate, Proximity Sensor-Activated Tailgate, Voice-Controlled Tailgate
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=22145
What defines the structure and scope of the smart tailgate market?
A smart tailgate is an advanced vehicle feature that enables hands-free opening and closing of the tailgate using a smart key. It utilizes sensors to detect user movement and automatically activates the tailgate, enhancing convenience, especially when hands are full. Smart tailgate systems often include safety measures to prevent accidents during operation.
About The Business Research Company:
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
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
