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Increased Production of Luxury Cars Electrifies Growth in Automotive Tailgate Market With CAGR of Above 4%, Noted TMR

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News provided by

Transparency Market Research

10 May, 2019, 10:00 GMT

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ALBANY, New York, May 10, 2019 /PRNewswire/ -- Automotive tailgate is the back door of the vehicle used for unloading and loading and provides way to vehicle boot area. The key players leading in the global automotive tailgate market are Robert Bosch GmbH, Magna International Inc., SEOYON E-HWA, Plastic Omnium, and Rockland Manufacturing Company. Major firms are concentrating on several organic growth business models, for example, product approvals, product launch, and other similar events and patents. Moreover, the inorganic strategies for growth adopted by the market players are collaborations, and mergers and acquisitions. These strategies are providing a great scope for business expansion, and multiplying customer base across the globe.

According to a recent report by Transparency Market Research, the global automotive tailgate market is likely to expand at a CAGR of over 4% within the forecast period from 2019 to 2027. By the end of forecast period the market is valued to be around worth US$15 bn.

Get PDF Brochure for Research Insights at https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=46266

On the basis of vehicle type, the global automotive tailgate market can be classified into commercial vehicles and passenger vehicles. Among these two, the segment of passenger vehicle is anticipated to dominate the global automotive tailgate market. Moreover, the segment is expected to sustain its position in the forthcoming years as well. Geographically, Asia Pacific holds the maximum share in global automotive tailgate market. This is attributed to rise in production of vehicles in Japan, China, and India. Besides, Asia Pacific region is a home to highest vehicle production across the globe, propelling the demand in global automotive tailgate market.

Automotive tailgate is the rear-end gate of boot area of a car, especially passenger cars. These gates are either power operated, manually operated, or hydraulic operated automotive tailgates are mostly installed in SUVs, pickup truck, and passenger cars.

Request a Sample of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=46266 

Rising Purchase of Passenger Vehicles to Amplify Market Demand

Of the late, there is a consistent rise in the production of luxury vehicles. This is estimated to stir up the demand in automotive tailgate market across the world. The makers of these luxury vehicle are experimenting with different designs to project an elegant look and feel of the backside of the vehicles. This is an attractive feature to rope in the new generation of people due to improved comfort, appearance, and speed. Due to decrease in the interest rate of vehicle loans, rise in per capita income, and easy financing with personalized finance scheme by OEMs, banks, and dealers contribute in surged production of passenger vehicles. This as a result stimulates the growth in automotive tailgate market.

The increasing production of vehicles, especially in passenger vehicles is estimated to fuel the demand in the automotive tailgate market in the coming years.

Have Any Query? Ask Our Industry Expert: https://www.transparencymarketresearch.com/sample/sample.php?flag=ASK&rep_id=46266 

Increased Lifespan to Hinder Market Development

Improved life-span of people and decreasing number of road accidents are foreseen to pull down the growth in automotive tailgate market. Nevertheless, surged preference of electronic vehicles, luxury vehicles, and rising popularity of advanced safety methods are estimated to support the market growth. Growth in construction sector is another factor contributing in the expansion of automotive tailgate market in forthcoming years.

The review is based on the findings of a report by Transparency Market Research, titled "Automotive Tailgate Market (Tailgate Type - Hydraulic Operated, Power Operated, Manual; Vehicle Type - Passenger Vehicle (Hatchback, Sedan, Utility Vehicle), Commercial Vehicle (LCV, HCV, Buses); Material – Metal, Plastic; Sales Channel – OEMs, Aftermarket) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027."

Request for Customization Report at: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=46266 

Global Automotive Tailgate Market has been segmented into:

  • Tailgate Type
    • Hydraulic Operated
    • Power Operated
    • Manual
  • Vehicle Type
    • Passenger Vehicle
      • Hatchback
      • Sedan
      • Utility Vehicle
    • Commercial Vehicle
      • LCV
      • HCV
      • Buses
  • Material
      • Metal
      • Plastic
      • Others
  • Channel
      • OEMs
      • Aftermarket
  • Region
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • France
      • U.K.
      • Spain
      • Italy
      • Nordic Countries
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • ASEAN
      • South Korea
      • Rest of Asia Pacific
    • Middle East & Africa
      • GCC
      • South Africa
      • Rest of Middle East & Africa
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America

Browse More Automotive & Transport Market Research Reports

Popular Research Reports by TMR:

  • Robo-Taxi Market - https://www.transparencymarketresearch.com/robo-taxi-market.html
  • Internet of Mobility Market - http://www.transparencymarketresearch.com/internet-of-mobility-market.html  
  • Intelligent Auto Headlight Market - http://www.transparencymarketresearch.com/intelligent-auto-headlight-market.html  
  • Electric Van Market - http://www.transparencymarketresearch.com/electric-van-market.html 

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website
: https://www.transparencymarketresearch.com
Research Blog
: https://tmrblog.com/

Logo: https://mma.prnewswire.com/media/664869/Transparency_Market_Research_Logo.jpg  

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