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(I-AutoNewsWire.com, December 22, 2018 )
Stratview Research has published a new research report on Automotive Liftgate Market. This extensive 231-page report by Stratview Research analyses the growth of Automotive Liftgate Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023 under the following segments -
• By Vehicle Type (Hatchback, SUV, Others)
• By Material Type (Metal Liftgates, Composite Liftgates)
• By Manufacturing Process Type (Stamping, Compression Molding, Injection Molding)
• By Region (North America, Europe, Asia-Pacific, Rest of the World)
Go through the detailed scope: https://www.stratviewresearch.com/toc/208/automotive-liftgate-market.html
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Get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/208/automotive-liftgate-market.html
Increasing demand for lightweight liftgates
The next five years for the global automotive liftgate market are going to be vigorous with sizeable growth opportunities in the entire ecosystem of the market. The market is estimated to grow at a healthy rate over the next five years to reach an estimated value of US$ 5.2 billion in 2023. Organic growth in automobile production owing to increasing disposable income and growing urbanization, increasing share of SUVs production, and increasing demand for lightweight liftgates to reduce the overall vehicle weight for achieving stringent government regulations, such as CAFÉ Standards are major growth drivers of the market.
It is estimated that approximately 638.7 million vehicles (passenger cars, LCV, and M&HCV) are likely to be produced globally during the next six years (2018-2023). This corresponds to significant growth opportunities for the market stakeholders to tap the growth potential in the coming years.
SUV is expected to remain the growth engine of the market
The market is segmented based on the vehicle type as Hatchback, SUV, and Others. SUV is expected to remain the growth engine of the market during the forecast period of 2018 to 2023. Increasing production of SUVs, especially in the Asia-Pacific region and high demand for comfort and space in vehicles would continue to drive the segment’s growth over the next five years.
Top market players
The supply chain of this market comprises raw material suppliers, compounders, liftgate manufacturers, distributors, automotive OEMs, and dealers. Major automotive liftgate manufacturers are Toyota Motor Corporation, General Motors, Plastic Omnium, and Magna International. Development of lightweight composite liftgates, execution of mergers & acquisitions, and formation of long-term contracts with OEMs are the key strategies adopted by the major players to gain a competitive edge in the market.
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Stratview Research
Ritesh Gandecha
+1-313-307-4176
sales@stratviewresearch.com
Source: EmailWire.Com
Source: EmailWire.com
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