Asia-Pacific was the highest contributor to the global market, with $342.10 million in 2016, and is estimated to reach $511.40 million by 2023, registering a CAGR of 6.1% during forecast period, due to the owing to the increase in demand for sensors and electronic devices/components in the field of automotive sectors.
The report segments the hands-free power liftgate market on the basis of type, application, and geography. Based on type, the market is categorized as fully automatic and semi-automatic. According to application, it is fragmented into Passenger Cars and Commercial Vehicle. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the hands-free power liftgate market are Aisin Seiko co., ltd, Autoease Technology, Brose Fahrzeugteile GmbH & Co.KG, Faurecia SA, Grupo Antolin Irausa S. A, Huf Hülsbeck & Fürst GmbH & Co. KG, Johnson electric, Magna International Inc., Stabilus GmbH, tommygate.
KEY BENEFITS FOR STAKEHOLDERS
This report provides an extensive analysis of the current & emerging market trends and dynamics in the global hands-free power liftgate market.
In-depth analysis is carried out by constructing market estimations for key market segments between 2016 and 2023.
This report entails a detailed quantitative analysis of the current trends and future estimations from 2016 to 2023, which helps to identify the prevailing market opportunities.
Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
KEY MARKET SEGMENTS
By Type
Fully Automatic
Semi-automatic
By Application
Passenger Cars.
Commercial Vehicle.
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
What is the estimated value of the Global Hands-Free Power Liftgate Market?
What is the growth rate of the Global Hands-Free Power Liftgate Market?
What is the forecasted size of the Global Hands-Free Power Liftgate Market?
Hands-Free Power Liftgate is a back-door system, the user of the vehicle controls the liftgate/tailgate opening and closing through the key located on the dashboard or through handheld remote device.
In 2016, semi-automatic segment dominated the market, in terms of revenue, due to increase in demand for luxurious vehicle.
Asia Pacific was the highest revenue contributor to the hands-free power liftgate market in 2016, accounting for around 32.00% share, due to rise in adoption of sensors and electronic based system/components across the automotive sector.
The report features a competitive scenario of the hands-free power liftgate market and provides a comprehensive analysis of the key growth strategies adopted by major players. The key players in the global market are Aisin Seiko co.ltd, Autoease Technology, Brose Fahrzeugteile GmbH & Co.KG, Faurecia SA, Grupo Antolin Irausa S.A, Huf Hlsbeck & Frst GmbH & Co. KG, Johnson electric, Magna International Inc., Stabilus GmbH, tommygate.
These players have adopted various competitive strategies such as innovation, new product development, and market expansion to boost the growth of the market.
Key findings of the Hands-free Power Liftgate Market:
The semi-automatic segment accounted for the highest share in 2016, growing at a CAGR of 4.6% from 2017 to 2023.
Passenger cars application generated the highest revenue, accounting for $789.64 million in 2016.
Asia pacific is expected to dominate the market, in terms of market share, during the forecast period.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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