Driving Value: Automotive Tailgate Market Soars from $11.50 Billion in 2018 to $17.17 Billion by 2026

Automotive Tailgate Market Size, Share, Competitive Landscape and Trend Analysis Report by Type : Global Opportunity Analysis and Industry Forecast, 2019-2026

PORTLAND, PROVINCE: OREGAON, UNITED STATES, May 27, 2024 /EINPresswire.com/ -- According to a recent report published by Allied Market Research, titled, "Automotive Tailgate Market by Type, Vehicle Type, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2018-2026," the global automotive tailgate market was valued at $11.50 billion in 2018, and is projected to reach $17.17 billion by 2026, registering a CAGR of 5.3%.

Asia-Pacific dominates the market, followed by Europe, North America, and LAMEA. China dominated the global automotive tailgate market share in 2018 and is expected to grow at a significant rate in the automotive tailgate industry during the forecast period.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 - https://www.alliedmarketresearch.com/request-sample/6299

Automotive tailgates are the gates attached to the rear side of the vehicle and are responsible for ensuring the safety and security of the passengers and vehicle while driving. Tailgates used in a vehicle are of different types such as manually operated tailgates or the automatic tailgates and this depends on the level of autonomy of the vehicle. With the increased production and sales of the vehicles equipped with advanced components, the demand for better and efficient tailgates to be equipped in vehicles has increased, which supplements the growth of the vehicle tailgate market.

It comprises several components such as taillights, camera, and other components, which increase the demand for better and efficient tailgates within the vehicle thereby boosting the automotive tailgate industry. Various developments have been carried out by top companies operating in the market along with the introduction of different products, which enhances the automotive tailgate outlook among the customers. Currently, there are two types of automotive tailgates widely used in vehicles, namely, hydraulic/manual operated and power-operated gates.

Better and efficient tailgates have a wider application in automobiles as they are used to ensure the safety of the vehicle and passengers while driving. Also with the introduction of automated tailgates, the automotive tailgate market size has increased due to its wider application, which has boosted the automotive tailgate market growth across the globe.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 - https://www.alliedmarketresearch.com/automotive-tailgate-market/purchase-options

Factors such as increase in demand for electronic-based components or devices and need for effective automatic tailgate in the vehicle are increasing the automotive tailgate market share. However, high configuration cost and degradation of sensing mechanism is projected to hamper the automotive tailgate market size. Further, rise in technological advancement and innovation in the field of automotive industry and surge in expenditure on luxury vehicles around the globe is expected to create numerous opportunities for the growth and expansion of the vehicle tailgate market.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.alliedmarketresearch.com/purchase-enquiry/6299

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲
Based on type, the hydraulic/manual operated segment generated the highest revenue in 2018.
Based on vehicle type, the passenger vehicle segment was the highest revenue contributor in 2018.
Based on sales channel, the original equipment manufacturers (OEMs) is the highest revenue contributor during the forecast period.
Based on region, the Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period followed by Europe, LAMEA and North America.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :
Go Industries, Inc., Gordon Auto Body Parts Co., Ltd., Huf Hülsbeck & Fürst GmbH & Co. KG., Johnson Electric Holdings Limited, Magna International Inc., Plastic Omnium, Robert Bosch GmbH, Aisin Seiki, Autoease Technology, and Woodbine Manufacturing Co. Inc.

David Correa
Allied Market Research
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