Automotive Tailgate Market Size, Share & Industry Analysis, By Product Type (Manual, Electric, Hydraulic), By Material Type (Plastic Composite, Metal, Other Polymers), By Vehicle Type (PC, LCV, HCV) Others and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI102030 | Status : Ongoing

KEY MARKET INSIGHTS

The automotive tailgate is the rear door in a vehicle, which provides access to the boot area of the vehicle. These are majorly found in sedan, compact SUVs, SUVs, hatchbacks, pickup trucks, etc. Tailgates are mostly electric, hydraulic, and manually operated. Along with aerodynamic shape, tailgates provides a decent look to the vehicle. Tailgates also help to avoid outside noise and water leakage inside the vehicle. Tailgates are made up of plastic composites, metal, or other polymers. Rising trend of engine downsizing is, in turn, fuelling the demand for tailgates made up of plastic composites, as they are light in weight. Key manufacturers are focusing on producing tailgates, which are light in weight and meet the safety norms imposed by the government. For example, Magna International and Plastic Ominum provide composite materials to automobile manufacturing companies such as Peugeot, Range Rover, and Citroen C4.

Key Market Driver -

Rising production of vehicles across the globe is anticipated drive the tailgate market

Key Market Restraint -

High maintenance cost of automatic operated tailgate is anticipated to restrain the growth of the tailgate market.

Key Players Covered in the Automotive Tailgate Market:

Some of the major companies that are present in the automotive tailgate market include Robert Bosch Gmbh, SEOYON E-HWA, Zhejiang Yuanchi Holding Group Co.Ltd, Huf Hulsbeck & Furst Gmbh & Co. KG, Go Industries Inc., Magna International Inc, Plastic Omnium, Rockland Manufacturing Company, GORDON Auto Body Parts Co.Ltd, and Woodbine Manufacturing Co.Inc, among the other players.

The global automotive tailgate market has been segmented into product type, material type, vehicle type, and geography. By product type, the automotive tailgate market is segmented into manual, electric, and hydraulic. The electric operated segment is expected to dominate the automotive tailgate market over the forecast period. This type of tailgate is in high demand in luxury vehicles as they consist of several sensors for its operation. Many OEMs are focusing on manufacturing electric operated tailgate, which is highly efficient. Advanced tailgates are equipped with technology, which helps to reduce the human effort to lock and unlock the tailgate. By material type, the automotive tailgate market is segmented into the plastic composite, metal, and other polymers. The plastic composite material is anticipated to dominate the market over the forecast period owing to the rising demand for installation of lightweight components in the vehicles to enhance fuel efficiency. By vehicle type automotive tailgate market is segmented into PC, LCV, and HCV. PC segment is expected to dominate the automotive tailgate market owing to the rising production of passenger vehicles globally. The LCV is anticipated to hold the second-largest position in the market amid growing demand for the lightweight tailgate, which can withstand heavy loads without hampering the fuel efficiency of the vehicle.

Regional Analysis:

Geographically, the automotive tailgate market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific is anticipated to dominate the tailgate market over the forecast period. The rising production of passenger cars is expected to fuel the demand for tailgates in this region. Increasing the disposable income of consumers is another factor that is propelling the growth of passenger cars in this region.

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Europe is expected to hold the second-largest position in the tailgate market. Stringent safety norms in this region have made it essential for manufacturers to equip components, which enhances the safety of the vehicle. Key manufacturers in this region are focusing on producing lightweight vehicles that meet the norms imposed by the government. North America is expected to show good growth in the tailgate market. The rising need for tailgates in high-performance and light commercial vehicles in this region is expected to show good growth in the tailgate market.

Segmentation

ATTRIBUTE	DETAILS
By Product Type	Manual Electric Hydraulic
By Material Type	Plastic Composite Metal Other Polymers
By Vehicle Type	PC LCV HCV
By Geography	North America (USA, Canada, and Mexico) Europe (Germany, France, U.K., and Rest of Europe) Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific) Rest of the World

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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