Power Liftgate Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0186668
  • Format: Electronic (PDF)
  • Number of Pages: 219
  • Author(s): Joshi, Madhavi

Report Overview

The Power Liftgate Market size was estimated at USD 5.2 billion in 2023 and is projected to reach USD 9.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.50% during the forecast period (2024-2030).

Power Liftgate Market

(Market Size)
$5.2 billion
$9.5 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.50%
2023 Market Size USD 5.2 billion
2030 Market Size USD 9.5 billion
Key Players Brose, Magna, HI-LEX, Stabilus, Aisin

Market Summary

The power liftgate market is an integral segment within the automotive and transportation industry, characterized by the increasing integration of automated systems in vehicles for enhanced convenience and functionality. This market revolves around the production and adoption of power-operated liftgates that allow users to open and close the rear hatch of vehicles with minimal effort, often through remote controls, foot sensors, or vehicle-integrated buttons. The technology is primarily featured in SUVs, crossovers, and premium passenger vehicles, aligning with the broader industry trends toward vehicle electrification, luxury features, and smart accessibility solutions. Growing consumer preference for comfort and advanced features in automobiles is a significant factor propelling the demand for power liftgates. Manufacturers are continuously innovating to improve the reliability, safety, and user experience of these systems, incorporating sensors and software to prevent accidents and enhance operational smoothness. The market is also influenced by the rising production of electric and hybrid vehicles, which frequently include power liftgates as standard or optional features to complement their modern and tech-savvy image. Additionally, the aftermarket segment offers retrofit solutions, allowing existing vehicle owners to upgrade their conventional liftgates to power-operated versions. Key industry participants include global automotive suppliers and OEMs who focus on expanding their product portfolios to cater to diverse vehicle models and consumer preferences. The competitive landscape is marked by strategies such as partnerships, technological advancements, and geographic expansion to capture larger market shares. As automotive design evolves toward more automated and user-friendly interfaces, the power liftgate market is poised for sustained growth, supported by innovations in sensor technology, material science, and integration with vehicle electronic systems.

Key Highlights

The power liftgate market showcases several key highlights that underscore its dynamic nature and future potential. A prominent trend is the integration of hands-free operation capabilities, enabled by advanced sensor technology that detects foot gestures or remote signals, allowing users to access the trunk without physical contact. This feature is particularly valued for its convenience in situations where users have their hands full, such as loading groceries or luggage. Another significant highlight is the emphasis on safety mechanisms, including obstacle detection systems that automatically halt or reverse the liftgate movement if an object or person is detected in its path, preventing injuries or damages. The market is also witnessing the adoption of lightweight and durable materials such as aluminum and composite plastics, which contribute to reducing the overall weight of the vehicle, thereby improving fuel efficiency and performance. Furthermore, power liftgates are increasingly being designed with customizable settings, allowing users to program the opening height to suit their preferences or garage constraints. The expansion of this technology into mid-range and economy vehicle segments, beyond luxury models, indicates its growing accessibility and consumer acceptance. Collaboration between automotive manufacturers and technology providers is driving innovations, such as the integration of power liftgates with smartphone apps and vehicle telematics systems for remote monitoring and control. These highlights reflect the market's response to consumer demands for sophistication, safety, and seamless functionality in modern vehicles.

Drivers, Opportunities & Restraints

The power liftgate market is driven by several factors, including the rising consumer demand for enhanced comfort and convenience features in vehicles. As lifestyles become busier, automakers are incorporating automated systems to differentiate their offerings and attract buyers seeking premium experiences. The growth of the SUV and crossover segments, which prioritize spaciousness and utility, further fuels the adoption of power liftgates as these vehicle types benefit significantly from easy access to cargo areas. Additionally, technological advancements in sensors and actuators have made these systems more reliable and affordable, encouraging wider implementation across various vehicle price points. Opportunities in the market abound, particularly with the increasing production of electric vehicles (EVs) that emphasize innovation and user-friendly features. The aftermarket segment presents another lucrative opportunity, as vehicle owners look to retrofit their existing cars with power liftgate systems. Emerging markets in Asia Pacific and Latin America offer growth potential due to rising disposable incomes and expanding automotive sales. However, the market faces restraints such as the high cost of installation and maintenance compared to manual liftgates, which may deter price-sensitive consumers. Technical complexities and the risk of system failures, such as motor or sensor malfunctions, could also impact consumer confidence. Regulatory challenges related to safety standards and homologation requirements in different regions may pose hurdles for manufacturers. Despite these restraints, the overall trajectory remains positive, driven by continuous innovation and the automotive industry's shift toward automation and electrification.

Concentration Insights

The power liftgate market exhibits a concentrated competitive landscape, with a few key players dominating the global supply chain. Companies such as Magna International, Brose Fahrzeugteile, and Huf Group are leading innovators, holding significant market shares due to their extensive product portfolios, strong R&D capabilities, and established relationships with major automotive OEMs. These players focus on developing advanced systems that integrate seamlessly with vehicle architectures, offering features like hands-free operation and smart connectivity. The market concentration is also evident in regional hubs, with North America and Europe being mature markets where adoption is high in luxury and premium vehicle segments. Asia Pacific is emerging as a focal point for production and consumption, driven by the presence of automotive manufacturing giants in countries like China, Japan, and South Korea. Strategic alliances and joint ventures are common, as companies seek to expand their geographic reach and technological expertise. For instance, collaborations between sensor manufacturers and automotive suppliers are enhancing the functionality and reliability of power liftgate systems. The aftermarket segment is less concentrated, with numerous smaller players offering retrofit solutions, though they often rely on components supplied by the larger established firms. This concentration dynamic ensures that innovation is driven by a few key entities, while competition remains intense enough to foster continuous improvement and cost efficiencies.

Type Insights

The power liftgate market can be segmented based on type into standard power liftgates and hands-free power liftgates. Standard power liftgates are operated via buttons on the key fob, dashboard, or liftgate itself, providing automated opening and closing without manual effort. These systems are widely adopted in mid-range and luxury vehicles due to their balance of convenience and cost-effectiveness. Hands-free power liftgates represent a more advanced category, utilizing sensor technology to detect specific foot motions or gestures near the rear bumper, allowing users to activate the liftgate without physical contact. This type is gaining popularity for its heightened convenience, especially in scenarios where users have their hands occupied. Both types incorporate safety features such as obstacle detection and automatic reversal to prevent accidents. The choice between these types often depends on vehicle segment and consumer preferences, with hands-free systems typically featured in higher-end models. Manufacturers are continuously refining these systems to improve responsiveness, reduce false activations, and enhance durability. The integration of these liftgates with vehicle electronic systems also allows for customization, such as adjusting the opening height or speed through infotainment settings. As technology evolves, the distinction between types may blur, with more standard systems incorporating elements of hands-free functionality to meet rising consumer expectations for seamless automation.

Application Insights

Power liftgates find primary application in passenger vehicles, particularly SUVs, crossovers, and luxury sedans, where cargo accessibility and convenience are key selling points. In SUVs and crossovers, which are designed for versatility and family use, power liftgates enhance the usability of the large cargo area, making it easier to load and unload items. Luxury vehicle segments emphasize these systems as part of their premium feature sets, aligning with consumer expectations for sophistication and ease of use. There is also growing adoption in commercial vehicles, such as vans and utility vehicles, where efficient cargo handling can improve operational productivity. Additionally, the aftermarket application allows existing vehicle owners to upgrade from manual to power-operated systems, extending the market's reach beyond new vehicle sales. The application spectrum is broadening with the rise of electric vehicles, which often include power liftgates as standard equipment to complement their innovative image. In all applications, the integration focuses on ensuring reliability under various conditions, such as extreme temperatures or frequent use, and compatibility with vehicle design aesthetics. As automotive trends shift toward electrification and automation, the application of power liftgates is expected to expand further into new vehicle categories and regions, driven by consumer demand for enhanced functionality and comfort.

Regional Insights

Regionally, the power liftgate market demonstrates varied dynamics across the globe. North America is a significant market, characterized by high consumer preference for SUVs and trucks, where power liftgates are commonly offered as standard or optional features. The presence of major automotive manufacturers and a strong aftermarket industry supports steady demand. Europe follows closely, with a focus on luxury and premium vehicles that extensively incorporate advanced automotive technologies, including power liftgates. Stringent safety regulations in Europe also drive the adoption of systems with enhanced safety features. The Asia Pacific region is rapidly emerging as a key growth area, fueled by expanding automotive production in countries like China, Japan, and India. Rising disposable incomes, urbanization, and increasing popularity of SUVs and electric vehicles in Asia Pacific are boosting market prospects. Latin America and the Middle East & Africa are developing markets with growing potential, though adoption is slower due to economic variability and preference for cost-effective vehicle models. Regional differences in consumer preferences, regulatory frameworks, and automotive industry maturity influence the pace of adoption and technological advancements. Manufacturers tailor their strategies to address these regional nuances, such as offering cost-optimized solutions in price-sensitive markets while focusing on premium innovations in developed regions.

Company Insights

The power liftgate market features several prominent companies that lead in innovation and market presence. Magna International is a key player, known for its comprehensive automotive systems and expertise in closure mechanisms, offering reliable and advanced power liftgate solutions. Brose Fahrzeugteile specializes in mechatronic systems and has a strong portfolio in power liftgates, emphasizing lightweight design and integration capabilities. Huf Group focuses on security and access systems, providing power liftgates with enhanced safety and convenience features. Other significant participants include HI-LEX Corporation and STRATTEC Security Corporation, which contribute to the market with their technological innovations and OEM partnerships. These companies invest heavily in research and development to improve product performance, reduce costs, and incorporate new functionalities such as smart connectivity and energy efficiency. Strategic initiatives such as mergers, acquisitions, and collaborations are common, enabling firms to expand their technological expertise and geographic reach. For instance, partnerships with sensor manufacturers or software developers help enhance the intelligence and responsiveness of power liftgate systems. The competitive landscape is marked by a focus on customization, allowing automakers to offer tailored solutions that align with specific vehicle models and consumer preferences. As the market evolves, companies are also exploring sustainability aspects, such as using recyclable materials and energy-efficient motors, to align with broader automotive industry trends toward environmental responsibility.

Recent Developments

Recent developments in the power liftgate market highlight ongoing innovation and strategic movements among key players. There has been a notable increase in the integration of power liftgates with advanced driver-assistance systems (ADAS) and vehicle electrification platforms, enhancing overall vehicle functionality and user experience. For example, newer systems feature improved sensor accuracy for hands-free operation, reducing false triggers and increasing reliability. Companies like Magna International and Brose have introduced lighter and more compact actuator designs, contributing to better vehicle fuel efficiency and performance. Another development is the expansion of power liftgate offerings into more affordable vehicle segments, making the technology accessible to a broader consumer base. Strategic partnerships and collaborations have been prominent, such as alliances between automotive suppliers and technology firms to develop next-generation systems with enhanced connectivity features, allowing control via mobile apps or voice commands. Additionally, there is a growing emphasis on sustainability, with manufacturers exploring the use of eco-friendly materials and energy-efficient components in power liftgate production. Recent product launches often highlight customization options, such as programmable height settings and speed adjustments, catering to diverse consumer needs. These developments reflect the market's responsiveness to trends in automation, electrification, and consumer demand for convenience, positioning power liftgates as a critical feature in the future automotive landscape.

Report Segmentation

This report on the power liftgate market provides a detailed segmentation to offer comprehensive insights into various aspects of the industry. The market is segmented by type into standard power liftgates and hands-free power liftgates, each analyzed for their technological features, adoption rates, and consumer preferences. By application, the segmentation covers passenger vehicles, including SUVs, crossovers, and sedans, as well as commercial vehicles, highlighting the specific needs and trends in each category. Regional segmentation includes North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, examining regional market dynamics, growth drivers, and competitive landscapes. Additionally, the report segments the market by sales channel, distinguishing between OEM installations and aftermarket retrofits, which cater to different consumer bases and growth opportunities. Each segmentation category is explored in terms of market trends, key players, and future prospects, providing stakeholders with a nuanced understanding of where opportunities and challenges lie. The segmentation also considers technological advancements, such as the integration of smart features and safety systems, across different segments. This structured approach allows for targeted analysis, helping businesses and investors make informed decisions based on specific market niches and geographic regions.

FAQs

What is a power liftgate? A power liftgate is an automated system that allows users to open and close a vehicle's rear hatch electronically, typically via remote control, dashboard button, or hands-free sensors, enhancing convenience and accessibility.

How does a hands-free power liftgate work? A hands-free power liftgate operates using sensors located under the rear bumper that detect specific foot gestures, triggering the liftgate to open or close without physical contact, ideal when users' hands are occupied.

Which vehicles commonly have power liftgates? Power liftgates are commonly found in SUVs, crossovers, and luxury vehicles, where cargo convenience and premium features are prioritized, though adoption is expanding to mid-range and electric vehicles.

Can I install a power liftgate on my existing vehicle? Yes, power liftgates can often be retrofitted to existing vehicles through aftermarket solutions, though compatibility depends on the vehicle model and requires professional installation.

Are power liftgates reliable? Modern power liftgates are designed for reliability, with safety features like obstacle detection and durable components, though like any electronic system, they may require maintenance over time.

What are the benefits of a power liftgate? Benefits include enhanced convenience, especially for loading and unloading cargo, improved safety with automated obstacle detection, and a premium feel that adds value to the vehicle.

Citius Research has developed a research report titled “Power Liftgate Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Power Liftgate Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Power Liftgate Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Power Liftgate Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Power Liftgate Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Power Liftgate Market
• Research Methodology
• Executive Summary
• Market Dynamics of Power Liftgate Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Power Liftgate Market
• Cost and Gross Margin Analysis of Power Liftgate Market
• Power Liftgate Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Power Liftgate Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Power Liftgate Market Key Stakeholders

Below are the key stakeholders for the Power Liftgate Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Power Liftgate Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Power Liftgate Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Power Liftgate Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Power Liftgate Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Power Liftgate Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Power Liftgate Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Power Liftgate Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Power Liftgate Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Power Liftgate Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Power Liftgate Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Power Liftgate Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Power Liftgate Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Power Liftgate Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Power Liftgate Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Power Liftgate Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Power Liftgate Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Power Liftgate Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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