Automotive Liftgate Market

Global Automotive Liftgate Market Size, Industry Analysis Report,
Regional Outlook by 2024: Global Market Insights Inc.
The Automotive industry report “Automotive Liftgate Market Size, Industry Analysis Report,
Regional Outlook (U.S., Canada, Germany, France, UK, Italy, Russia, China, Japan, India,
Thailand, Indonesia, Malaysia, Australia, Brazil, Mexico, Saudi Arabia, UAE, South Africa),
Application Development Potential, Price Trends, Competitive Market Share & Forecast,
2017 – 2024”, by Global Market Insights, Inc.
Automotive Liftgate Market size will foresee substantial growth due to high usage of
product in automobile industry. It is a major element of all the van, minivan, trucks and
cross over automobiles to protect, load and unload cargo from falling and safety of vehicle.
Increasing demand for SUV’s has positively influenced automotive liftgate market. Higher
ground clearance, softer ride, increasing off road capacity and higher seating position has
accelerated the product demand. SUV is a combination of car, power and functionality of
utility vehicle, it offers more space, comfortable seats and attractive appearance. Diverse
features and various characteristics drives the demand for SUV in the automobile sector.
High usage in carrying goods & materials and providing door to door services are some of
the factor that drives automotive lift gate. Trucks can carry huge amount of cargo in any
form, numerous sizes and shapes of vehicle has given flexibility. Growing advantages of
truck usage has uplifted its demand and consumption in different industries.
Transportation infrastructure investment is projected to rise at over 4% in near future,
efficient connectivity and flexibility in mobilization has drove the demand. Road will remain
biggest investment area in the forecast time, this is due to rise in propensity and vehicle
ownership in all the countries. Urbanization, digitalization and trend towards larger fleets
has surged demand for heavy vehicles therefore positively influenced automotive liftgate
market.
Various disadvantages of using truck such as expensive for long hauls and bulky
commodities. It is highly affected by the climatic condition and restrictions imposed by
states regarding size and weight of the cargo. Other factor hindering the growth of
automotive liftgate market is road transportation. Frequent accidents, inadequate roads,
heavy taxes, poor maintenance of roads and rising price of petrol and diesel.
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Automotive Liftgate Market is available in two types including, metals and composites
material. Composites accounts for higher market share due to its light weight property.
Based on its types they are bifurcated into conventional, rail type, side loader and tuck
away. Convectional gateways are most functional due to its high storage capacity and light
weight. They are used in various applications such as trucks, SUV, van and minivan.
https://www.gminsights.com/industry-analysis/automotive-liftgate-market
Growing demand for commercial vehicle has boosted automotive liftgate market in Asia
Pacific. Japan and Switzerland have most efficient road transport infrastructure. Advance
technology, road connectivity and infrastructure are several factors that drives demand for
this region.
Europe is highly flourishing region for the product, it manufacturers highest number of
trucks in the world. It hosts many big truck manufacturing companies such as Mercedes,
Invesco and Grebe. Its focus in on manufacturing superior quality product that are efficient,
secure and environment friendly. With increasing demand and manufacturing of trucks,
automotive liftgate market is simultaneously growing.
North America dominated by the U.S. produces largest number of SUV’s worldwide. SUV’s
are considered light trucks in the country, they are regulated less strictly. Light trucks in the
region is highly used for carrying goods and heavy commodities. Rising demand and
investment on SUV’s has propelled growth of automotive liftgate market.
Key manufacturers in automotive liftgate market are HIAB, Says Group, Pal finger, Zero, Fiat
Chrysler, General Motors Company, Magna International, Plastic Omnia Group, Toyota
Corporation and Honda Motor Company. HIAB expands customer service centers in Israel in
2016. Objective of expansion was to boost a brand-new installation workshop and separate
customer service center. Their focus was to offer increased capacity, efficiency, and a better
customer focus to service clients in a business that is growing rapidly. Customer fulfilment
and expanding global footprint is the focus for the company.
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