IMARC Group, a leading market research company, has recently releases report titled “Hands-Free Power Liftgate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global hands-free power liftgate market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big Is The Hands-Free Power Liftgate Market?
The global hands-free power liftgate market size reached US$ 1.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.9 Billion by 2028, exhibiting a growth rate (CAGR) of 6.06% during 2023-2028.
What are Hands-Free Power Liftgate?
The hands-free power liftgate represents an advanced technology that usually enables users to open and close liftgates of vehicles simply by waving their foot beneath the rear bumper. It consists of a motor, electrical wiring, a sensor, etc., to detect foot movements and activate the liftgate mechanism. It also offers numerous benefits, including enhanced convenience, protection for fragile items, adjustable height options, and assistance in loading and unloading several cargoes, such as adventure equipment, sports bags, groceries, etc. Consequently, the hands-free power liftgate is extensively utilized in passenger and commercial cars, such as sports utility vehicles (SUVs) and sedans.
What Are The Growth Prospects And Trends In The Hands-Free Power Liftgate Industry?
The escalating demand for luxury vehicles that offer improved performance, safety, and technological features, owing to the inflating expenditure capacities of individuals, is primarily driving the hands-free power liftgate market. Moreover, the increasing inclination among the millennial population towards modifying automobiles to enhance quality and functionality is further bolstering the market growth. Apart from this, the rising need among leading manufacturers for providing safety and advanced features in cars is acting as another significant growth-inducing factor. Additionally, government bodies across countries are launching favorable policies to promote the usage of electric vehicles, on account of the growing consumer environmental concerns, which is positively influencing the global market. Besides this, the widespread adoption of radio detection and ranging (RADAR) and capacitive sensing technologies to introduce smart hands-free power liftgate that provides personalized gesture recognition for safety enhancements and detects overhead objects to prevent a collision is also stimulating the market growth. Furthermore, extensive R&D activities are projected to fuel the hands-free power liftgate market in the coming years.
. What Is Included In Market Segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Fully Automatic
- Semi-Automatic
Breakup by Vehicle Type:
Passenger Cars
- SUVs
- Sedans
- Others
Commercial Vehicles
Breakup by Propulsion:
- Gasoline
- Diesel
- Electric
Breakup by Sales Channel:
- Original Equipment Manufacturer
- Aftermarket
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who Are The Key Players Operating In The Industry?
The report covers the major market players including:
- Autoease Technology
- Brose Fahrzeugteile SE & Co. KG
- Continental AG
- HI-LEX Corporation
- Huf Hülsbeck & Fürst GmbH & Co. KG
- Hyundai Motor Company
- Magna International Inc.
- Volkswagen AG (Porsche Automobil Holding SE)
- and Woodbine Manufacturing Co. Inc.
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