USD 33.63 billion
Automotive Tailgate Market Size, Share, Growth Analysis, By Type(Hydraulic/Manual Operated, and Power Operated), By Vehicle type(Passenger Vehicle, and Commercial Vehicle) - Industry Forecast 2024-2031
Report ID:
SQMIG25A2144 |
Region:
Global |
Published Date: March, 2024
Pages:
223
|
Tables:
61 |
Figures:
80
Automotive Tailgate Market Insights
Global Automotive Tailgate Market size was valued at USD 33.63 billion in 2022 and is poised to grow from USD 35.58 billion in 2023 to USD 55.86 billion by 2031, growing at a CAGR of 5.80% during the forecast period (2024-2031).
The global automotive tailgate market plays a crucial role in the automotive industry, serving as a pivotal component of vehicles' exterior design and functionality. Tailgates are essential parts of trucks, SUVs, and hatchback vehicles, offering access to cargo spaces and providing protection to the rear compartment. This market's growth is influenced by factors such as increasing vehicle production, consumer preference for enhanced aesthetics, and advancements in tailgate technologies. Rising global vehicle sales, especially in emerging economies, continue to drive the demand for automotive tailgates. Commercial vehicles, in particular, contribute significantly to this market due to their extensive use in transportation and logistics.
Moreover, the growing inclination towards SUVs and crossovers has led to a surge in demand for power-operated tailgates, integrating convenience and modernity. Innovation in tailgate design and functionality also contributes to market expansion. Manufacturers are focusing on incorporating features like hands-free operation, smart sensors, and advanced locking systems to enhance user experience and vehicle security. Furthermore, lightweight materials such as aluminum and composite plastics are being utilized to improve fuel efficiency and reduce overall vehicle weight. Environmental regulations and fuel efficiency concerns are encouraging automotive manufacturers to invest in aerodynamic tailgate designs that minimize drag and improve vehicle efficiency. This emphasis on sustainability is pushing the market towards innovative tailgate solutions that align with these goals.
US Automotive Tailgate Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Hydraulic/Manual Operated
Fastest Growth
Hydraulic/Manual Operated
Growth Rate
5.80% CAGR
Global Automotive Tailgate Market ($ Bn)
Country Share for North America Region (%)
Global Automotive Tailgate Market By Type ($ Bn)
Global Automotive Tailgate Market By Type (%)
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Automotive Tailgate Market Segmental Analysis
The global automotive tailgate market is segmented on the basis of Type, Vehicle type, Sales channel and region. By Type, the market is segmented into Hydraulic/Manual Operated, Power Operated. By Vehicle type, the market is segmented into Passenger Vehicle, Commercial Vehicle. By Sales channel, the market is segmented into Original Equipment Manufacturers (OEMs), Aftermarket. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Automotive Tailgate Market Analysis By Type
The global automotive tailgate market is witnessing dynamic growth, with distinct trends in different segments. Among these, the Hydraulic/Manual Operated segment stands out as the dominant force, leveraging its reliability and widespread use. It continues to cater to a broad consumer base seeking practicality and cost-effectiveness.
On the other hand, the Power Operated segment takes the lead as the fastest-growing segment. This growth is propelled by technological advancements and the increasing demand for enhanced convenience and user experience. Consumers are drawn to the ease of operation and integration of power-operated tailgates with smart vehicle systems..
Automotive Tailgate Market Analysis By Vehicle type
In the global automotive tailgate market, the dominant segment is the Passenger Vehicle category, encompassing a wide range of sedans, SUVs, and hatchbacks. The consistent demand for innovative design, comfort, and advanced features in passenger vehicles has contributed to this dominance. Additionally, the growing trend of crossover SUVs has further fueled the demand for tailgate solutions that offer convenience and enhanced functionality.
On the other hand, the fastest-growing segment is the Commercial Vehicle category. As logistics and transportation networks expand globally, the demand for efficient and durable tailgate solutions for trucks, vans, and other commercial vehicles has surged. Industries such as e-commerce, delivery services, and construction rely heavily on commercial vehicles, driving the need for tailgates that optimize loading and unloading processes, improving overall operational efficiency. This rapid growth is expected to continue due to the increasing emphasis on optimizing cargo-handling capabilities in commercial vehicles.
Global Automotive Tailgate Market By Type, 2023 (%)
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Automotive Tailgate Market Regional Insights
The global automotive tailgate market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The dominant region in the global automotive tailgate market is North America. The North American market, particularly the United States and Canada, had a significant demand for automotive tailgates due to a strong automotive industry and consumer preferences for trucks and SUVs, which often feature tailgates.
On the other hand, the fastest-growing region in the global automotive tailgate market is the Asia-Pacific region. Emerging economies like China and India were experiencing a rapid increase in vehicle ownership, and there was a growing trend of consumers shifting towards SUVs and crossover vehicles, which often have tailgates. This contributed to the increased demand for automotive tailgates in this region.
Global Automotive Tailgate Market By Geography, 2024-2031
- Largest
- Fastest
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Automotive Tailgate Market Dynamics
Automotive Tailgate Market Drivers
Rising Demand for SUVs and Trucks:
- The increasing popularity of sports utility vehicles (SUVs) and trucks has been a significant driver for the automotive tailgate market. These vehicles often have larger tailgates that serve multiple functions, such as cargo loading, passenger entry, and even acting as an extended work surface, driving the demand for advanced and versatile tailgate designs.
Advanced Features and Customization:
- Automakers are incorporating advanced features into tailgate designs to enhance user experience and convenience. Features such as power-operated tailgates, hands-free opening and closing, integrated cameras, and modular designs that allow for various configurations are attracting consumers looking for innovative and customizable options.
Automotive Tailgate Market Restraints
High Development and Manufacturing Costs:
- The integration of advanced technologies and features into tailgate designs can lead to higher development and manufacturing costs. This can potentially limit the adoption of these advanced tailgates in more affordable vehicle segments and impact market growth.
Complexity and Reliability Concerns:
- As tailgates become more feature-rich, they also become more complex. This complexity can raise concerns about the reliability of these systems over time, especially when subjected to various environmental conditions and rigorous usage. Malfunctions in tailgate systems can lead to safety issues and potential recalls, impacting consumer trust and the market's reputation.
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Automotive Tailgate Market Competitive Landscape
The global automotive tailgate market presents a dynamic competitive landscape with several prominent players vying for market share. Established automotive giants continue to dominate with their innovative tailgate solutions, leveraging their extensive R&D capabilities and global reach. Additionally, specialized manufacturers are gaining traction by focusing on tailgate advancements that cater to diverse consumer demands, including smart features and lightweight materials to enhance fuel efficiency. The market also witnesses the emergence of tech-driven startups aiming to disrupt the industry with electric and automated tailgate solutions. This intense competition drives innovation, pushing companies to introduce tailgate designs that prioritize safety, convenience, and aesthetics, meeting the evolving preferences of consumers worldwide.
Automotive Tailgate Market Top Player’s Company Profile
- Magna International Inc. (Canada)
- Plastic Omnium (France)
- Gestamp (Spain)
- Martinrea International Inc. (Canada)
- Tier 1 Engineering (USA)
- Woodbridge Foam Corporation (Canada)
- KTH Parts Industries (USA)
- GORDON AUTO BODY PARTS CO., LTD. (Taiwan)
- Rehau Automotive (Germany)
- Futaba Industrial Co., Ltd. (Japan)
- Brose Fahrzeugteile GmbH & Co. KG (Germany)
- BOS Group (Italy)
- Alutec (Germany)
- Montaplast GmbH (Germany)
- HIROTEC Corporation (Japan)
- Meiwa Industry Co., Ltd. (Japan)
- Stampings (USA)
- Yachiyo Industry Co., Ltd. (Japan)
- SL Corporation (South Korea)
- Dongfeng Motor Parts and Components Group (China)
- ISE Group (Japan)
- Aisin Seiki Co., Ltd. (Japan)
- Wagon Automotive (South Africa)
- VESTA Intracon (Sweden)
- Polytec Group (Austria)
Automotive Tailgate Market Recent Developments
- In March 2023, Robert Bosch launched a new tailgate system that is equipped with a collision avoidance function. The new system uses sensors to detect objects behind the vehicle, and the tailgate closes automatically if there is a risk of collision.
- In April 2023, Faurecia announced that it had developed a new tailgate system that is equipped with a hands-free opening and closing function. The new system uses sensors to detect the presence of the user, and the tailgate opens automatically when the user approaches.
- In May 2023, Plastic Omnium launched a new tailgate system that is made from recycled materials. The new system is part of Plastic Omnium's commitment to sustainability.
- In June 2023, Magna International announced that it had developed a new power tailgate system that is lighter and more efficient than previous systems. The new system uses a single motor to power both the opening and closing of the tailgate, which reduces weight and complexity.
Automotive Tailgate Key Market Trends
- Rise of Smart and Automated Tailgates: One significant trend in the automotive industry was the integration of smart and automated technologies into various vehicle components, including tailgates. Manufacturers were exploring ways to enhance user convenience by incorporating features like hands-free opening and closing of tailgates. These smart tailgates often utilized sensors, cameras, and motion detection technology to allow users to open or close the tailgate with simple gestures, such as waving a foot under the rear bumper. This trend aimed to provide increased ease of access to the trunk area, especially when a driver's hands were occupied or when loading items into the trunk.
- Lightweight and Material Innovations: Another trend was the continuous pursuit of improving vehicle fuel efficiency and overall performance. This led to a focus on using lightweight materials for various vehicle components, including tailgates. Manufacturers were exploring materials like aluminum, composite materials, and advanced polymers to construct tailgates that maintained structural integrity while reducing overall weight. This not only contributed to better fuel economy but also positively impacted vehicle handling and agility.
Automotive Tailgate Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global automotive tailgate market analysis, the market is undergoing significant analysis due to evolving trends and factors. A tailgate, an essential component of vehicles, has gained attention due to its multifunctional nature and aesthetic appeal. Market analysis indicates a growing demand for advanced features such as power-operated tailgates, hands-free access, and integrated technology. Consumer preferences for convenience and safety have driven manufacturers to innovate in this space. The market is influenced by factors like increasing SUV and pickup truck sales, urbanization, and the integration of smart technology. Additionally, regulatory emphasis on pedestrian safety and fuel efficiency has led to the adoption of lightweight materials and aerodynamic designs. In conclusion, the automotive tailgate market's evolution is driven by technological advancements, changing consumer expectations, and regulatory requirements, resulting in a competitive landscape where innovation and utility intersect.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 33.63 billion |
| Market size value in 2031 | USD 55.86 billion |
| Growth Rate | 5.80% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Tailgate Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Tailgate Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Tailgate Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Tailgate Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Tailgate Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Tailgate Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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