Market Size of Automotive Automatic Liftgate Industry
| Study Period | 2019-2029 |
| Market Size (2024) | USD 3.04 Billion |
| Market Size (2029) | USD 3.73 Billion |
| CAGR (2024 - 2029) | 4.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Automotive Automatic Liftgate Market Analysis
The Automotive Automatic Liftgate Market size is estimated at USD 3.04 billion in 2024, and is expected to reach USD 3.73 billion by 2029, growing at a CAGR of 4.20% during the forecast period (2024-2029).
Over the medium term, increasing passenger comfort has become one of the most important considerations in the passenger car exterior market. Components should take as little human effort as possible and provide the maximum level of comfort. As a result, consistent development is taking place in this regard.
Growing consumer trends toward safety features in vehicles, rising technological advancements, and a surge in demand for luxurious vehicles are likely to primarily drive the market during the forecast period.
Component suppliers are working intensively on various new technologies for vehicle exteriors with a variety of new functionalities that can be adapted to the continuously changing requirements of passengers and drivers. These liftgate solutions improve vehicle efficiency by reducing the weight of the vehicle and improving fuel consumption. Such properties are further enhanced by metalized paint that creates a chrome-like appearance without the additional weight in case of using the metal itself. This new paint technique is around 5 to 20% less expensive than chrome electroplating and reduces overall weight by 10 to 20%.
Aerodynamics is also a key aspect of the tailgate; nowadays, the tailgate aerodynamics are improved with the help of an active rear spoiler and side spoiler that transfer the air better over the car roof. The new tailgates can improve the drag coefficient by 3-4% and also reduce CO2 emissions by 1 g per km.
