USD 33.63 billion
Report ID:
SQMIG25A2144 |
Region:
Global |
Published Date: March, 2024
Pages:
223
|Tables:
61
|Figures:
80
Automotive Tailgate Market size was valued at USD 35.58 Billion in 2023 and is poised to grow from USD 37.64 Billion in 2024 to USD 59.1 Billion by 2032, growing at a CAGR of 5.80% during the forecast period (2025-2032).
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.
Global Market Size
USD 33.63 billion
Largest Segment
Hydraulic/Manual Operated
Fastest Growth
Hydraulic/Manual Operated
Growth Rate
5.80% CAGR
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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.
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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.
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Automotive Tailgate Market Drivers
Rising Demand for SUVs and Trucks:
Advanced Features and Customization:
Automotive Tailgate Market Restraints
High Development and Manufacturing Costs:
Complexity and Reliability Concerns:
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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
Automotive Tailgate Market Recent Developments
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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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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Report ID: SQMIG25A2144
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