Raising Convenience: Navigating The Power Liftgate Market

By Author: Pramod Kumar
Total Articles: 97
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According to a report by a market research institution, P&S Intelligence, the power liftgate market continues to grow with the advancement in automotive technologies.

Power Liftgate Market Research Report@ https://www.psmarketresearch.com/market-analysis/power-liftgate-market

Based on vehicle type, the passenger vehicle category will dominate the power liftgate market over this decade. This is mainly credited to the rising demand for luxury vehicles because of the increasing disposable income and standards of living of the middle class. Luxury cars often come with features such as advanced sensor systems, liftgate lock systems, and automatically opening & closing doors.

Over the forecast period, the integration rate of these systems in commercial vehicles will increase faster. With the growth of the trucking industry, the demand for a more-convenient loading process is increasing. For truckers who have to drive long haul, time saving during the loading and unloading processes could offer significant advantages, majorly in terms of their level of energy for the long and often treacherous drive.

The ...
... major factors driving the growth of the industry are the increasing concern for vehicle and passenger safety and the rising need for easy driving. Due to this, manufacturers are developing advanced technology to enhance road safety and produce intelligent transportation systems, for instance, self-driving and the advanced driver-assistance systems.

Key players in the industry have been concentrating on facility expansions and product launches to enhance their share and gain momentum. For instance, Tesla Inc. has revealed its Model Y power liftgate, which offers easier access to the vehicle's rear cargo room through remote control, mobile application, hatch-mounted button, or manually.

Some of the other key players in the industry are Huf Hulsbeck & Furst GmbH & Co. KG, Continental AG, Johnson Electric Holdings Ltd., VOXX Electronics Corp., Autoease Technology, Powder-Packer Corp., Strattec Security Corporation, Stabilus GmbH, Mitsuba Corporation, Magna International, HI-LEX Corporation, and HUF Group.

Pramod has around 7 years of experience in market research and consulting services for healthcare industry. He holds varied experience in market sizing and forecasting with varied models, competition landscape, consumer behavior analysis, opportunity analysis, product/company benchmarking, data mining and others. He has successfully delivered multiple projects on go-to-market strategies, pricing strategy, price point analysis, Business Expansion, market entry and exit, share analysis and others. Prior to joining P&S Intelligence, he worked with different research companies, including Transparency Market Research and MarketsandMarkets Pvt Ltd. Some of the projects delivered by him include Scar Treatment Market, Skin Replacement and Substitutes Market, and Energy-Based Aesthetic Devices Market.