Vehicle Power
Tailgate System Market
Vehicle Power Tailgate System Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Vehicle Power Tailgate System Market Size and Growth
The global vehicle power tailgate system market is expected to grow at a significant rate due to increasing demand for convenience and safety features in vehicles. The market size was estimated to be $1.2 billion in 2020 and is projected to reach $1.8 billion by 2027.Major players in the market include Brose Fahrzeugteile, Huf Hülsbeck & Fürst, Johnson Electric, Mitsuba, Stabilus, HI-LEX, Automobile Trunk Easylift System, and Woodbine Manufacturing Company. The Asia Pacific region is expected to dominate the market with the highest growth rate. The rising preference for electric vehicles and the increasing focus on advanced vehicle technologies are expected to drive the market growth.
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Companies Covered (Covid 19 Impact Covered)
◍ Brose
◍ Huf
◍ Magna
◍ HI-LEX
◍ Aisin
◍ STRATTEC
◍ Bethel Automotive Safety Systems
The competitive landscape of the Vehicle Power Tailgate System Market includes companies like Brose, Huf, Magna, HI-LEX, Aisin, STRATTEC, and Bethel Automotive Safety Systems. These companies offer innovative solutions for power tailgate systems in vehicles, contributing to market growth. Some sales revenue figures: Brose ($8.3 billion), Magna ($39.4 billion), Aisin ($31.2 billion).
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Market Segmentation
By Application
◍ SUV
◍ Sedan
◍ Other Vehicle
By Product
◍ Conventional Tailgate
◍ Hands-free Tailgate
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$ X Billion USD
Market Growth
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