The global hands-free power liftgate market is anticipated to grow at a significant CAGR of 8.1% during the forecast period. One of the crucial factors that are fueling the market is the growing technology and its demands. Technology has been growing exponentially over the years, and in the past few years, competitiveness in the market has fuelled traction of customers. Market players in the vehicle industries, which were once given only basic features, are offering advanced features such as ADAS (Advance Driver Assistance System), sunroof, navigation, a hands-free power liftgate, and others. Hand-free power liftgate has become a very necessary and useful feature in vehicles the demand has increased and is anticipated to grow in the upcoming years. For instance, in June 2021, Tata updated its Nexon EV with several features including a hands-free tailgate.

Impact of COVID-19 Pandemic on Global Hands-Free Power Liftgate Market

Due to the rapid increase of COVID-19 incidences several governments across the globe imposed lockdown which strictly restricted the vehicle production, and sales of the vehicles. As per the 2020 data of Organisation Internationale des Constructeurs d'Automobiles (OICA), the global sales of vehicles declined by more than 13% as compared to the sales in 2019. Such rapid decline of vehicle production had further caused market players of hand-free power liftgate a loss. As per the financial report of Johnson Electric Holdings Ltd., in 2020, the company’s total sales revenue decreased by more than 6% as compared to the total sales revenue in 2019. However, as the situation got normal, Johnson Electric Holdings Ltd. witnessed decent growth. As per the financial report of Johnson Electric Holdings Ltd. in 2021, total sales revenue increased by 2.8% as compared to the total sales revenue from 2020. Thus, post-pandemic the market is expected to cater “V” shaped recovery over the projected timeperiod.

Segmental Outlook 

The global hands-free power liftgate market is segmented based on the vehicle type and type. Based on the vehicle type, the market is segmented into passenger vehicles and commercial vehicles. Based on the type, the market is sub-segmented into fully automatic, and semi-automatic. Based on vehicle type, passenger vehicles is expected to cater prominent market share, owing to rapidly surging demand for the while based on type, semi-automatic has the major market share. 

Global Hands-Free Power Liftgate Market Share by Vehicle Type, 2021 (%)

The Passenger Vehicles Segment is Expected to Hold Considerable Share in the Global Hands-Free Power Liftgate Market

The passenger vehicle segment is expected to hold considerable share of the market over the forecast period. Owing to the economical pricing, made for personal uses, and appropriate size for parking in a society. Commercial vehicles are made to do some specific work for businesses and are usually larger in size which limits their users as compared to passenger vehicles. Thus the larger number of vehicles, the larger the use of hand-free power liftgates. Moreover, most of the passengers vehicle has tailgates but it’s not the same for commercial vehicles. As per the data of OICA, the production of the passenger vehicle was 55,834,456 in 2020, while the commercial vehicle was produced 21,787,126 which is 61% lesser than the production of passenger vehicles.

Regional Outlooks

The global hands-free power liftgate market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). North America is anticipated to grow significantly during the forecast period owing to the presence of key vehicle market players such as Tesla, Ford, and other among the region. As per the data of OICA 2020, North America is the 3rd largest region across the globe in producing vehicles.  

Global Hands-free Power Liftgate  Market Growth, by Region 2022-2028

The Asia-Pacific Region Holds the Major Share in the Global Hands-Free Power Liftgate Market

The Asia Pacific region holds the major share and is anticipated to grow significantly during the forecast period. Being the largest vehicle market in the globe, Asia Pacific has the largest share of a hands-free power liftgate and has huge future potential owing to the high population with no vehicle yet. The region is also projected to grow fastest during the forecast period. As per the data of OICA, 44,289,900 vehicles were produced in the Asia Pacific region in 2020 which is 57% of the total vehicles were produced across the globe in 2020. Moreover, as per the 2021 annual report of Johnson Electric Holdings Ltd., Asia-Pacific has a 39% sales share which is the largest among other regions.

Market Players Outlook

The major companies serving the global hands-free power liftgate market include Autoease Technology, Continental AG, Grupo Antolin, Huf Hulsbeck & Furst GmbH & Co., Johnson Electric Holdings Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in March 2020, Volkswagen announced its Atlas 2021 model with additional new features which included a hands-free power tailgate. 

The Report Covers

• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global hands-free power liftgate market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.