Transparency Market Research (TMR) provides key insights on the automotive tailgate market in its latest report titled “Automotive Tailgate Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026.” According to the report, rise in production of vehicles in Asia Pacific is predicted to drive the automotive tailgate market during the forecast period. Countries in Asia Pacific have witnessed rapid growth of automotive industry that offer growth opportunities to the automotive tailgate market.
The report has segmented the global automotive tailgate market based on tailgate type, material, vehicle type, sales channel, and region. In terms of tailgate type, the automotive tailgate market is divided into hydraulic operated, power operated, and hands-free tailgate. The hands-free tailgate segment is anticipated to expand at a significant growth rate owing to the increased usage of hands-free tailgate in premium cars. Hands-free tailgates are a major product differentiating factor and hence, are estimated to witness a high demand.
Based on material, the automotive tailgate market is classified into plastic and metal. Plastic such as polypropylene is increasingly being used as tail gate material, which in turn is estimated to boost the demand for plastic tailgates during the forecast period. In terms of vehicle type, the automotive tailgate market is split into passenger vehicle and commercial vehicle. The passenger vehicle segment is projected to expand at the highest growth rate during the forecast period owing to the rise in sales of SUVs and crossovers. Increasing demand for commercial vehicles in developing countries is predicted to drive the commercial vehicle segment of the market in those countries.
Based on regional perspective, the automotive tailgate market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is expected to witness significant expansion during the forecast period, followed by the market in Europe. Rise in production of vehicles in Asia Pacific is expected to drive the automotive tailgate market in the region. Prominent players operating in the global automotive tailgate market are included in this report to give a better competitive analysis and these are Faurecia, Plastic Omnium, Magna International, Seoyon E- Hwa, Zhejiang Yuanchi, and Robert Bosch GmbH.
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