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Home >> News>> Analysis of the Development Trends and Competitive Landscape of the Electric Tailgate Market

Analysis of the Development Trends and Competitive Landscape of the Electric Tailgate Market

Jul. 11, 2024

Analysis of the Development Trends and Competitive Landscape of the Electric Tailgate Market

1. Market Overview

In recent years, with the rapid development of the automotive industry and the growing demand for convenience and safety from consumers, the electric tailgate market has experienced significant growth. According to the "Global Automotive Parts Market Report 2023," the global electric tailgate market size reached $1.5 billion in 2022 and is expected to surpass $2.5 billion by 2027, with a compound annual growth rate (CAGR) of 9.8%【1】.

Electric tailgates are primarily used in SUVs, MPVs, and other vehicle types. They not only enhance the intelligence level of vehicles but also provide great convenience for users. For instance, after carrying heavy objects or shopping, users can open the tailgate automatically using a remote control or an in-car button, greatly enhancing user experience.

2. Market Drivers

  1. Growing Consumer Demand: As consumer living standards improve, there is an increasing demand for comfort and convenience in vehicles. Especially in the mid-to-high-end vehicle market, electric tailgates have become standard features, driving market demand.

  2. Technological Advancements: With continuous advancements in electric tailgate technology, the intelligence level, reliability, and safety of products have significantly improved. For example, electric tailgates equipped with anti-pinch technology can automatically stop operation when detecting obstacles, preventing injuries and further enhancing product safety.

  3. Push from Automotive Manufacturers: More and more automotive manufacturers are equipping their new models with electric tailgates to enhance vehicle competitiveness. Brands like BMW, Mercedes-Benz, and Audi have included electric tailgates in several of their models, further driving market growth.



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3. Competitive Landscape

Currently, the global electric tailgate market is highly competitive, with major players including Bosch, Hella, Valeo, Magna, and GAC Components. These companies, with their advantages in R&D, manufacturing, and marketing, dominate the market.

1. Bosch: As a leading global automotive parts supplier, Bosch holds a significant position in the electric tailgate market. Bosch leverages its strong R&D capabilities and global production network to continuously launch innovative products, leading market development.

2. Hella: Known for its experience in lighting and electronics, Hella's electric tailgate products are renowned for their high quality and reliability. Hella solidifies its market position through close collaboration with major global automotive manufacturers.

3. Valeo: Valeo, with its extensive business layout in the automotive parts sector, holds a significant market share in Europe. Valeo focuses on product intelligence and environmental friendliness, continuously innovating to enhance product competitiveness.

4. Magna: As a leading global automotive parts supplier, Magna’s electric tailgate products hold an important position in the North American market. Magna expands its product line and market share through acquisitions and technical collaborations.

5. GAC Components: As a major player in the Chinese market, GAC Components leverages its strong domestic channels and customer resources to gradually expand its market share in electric tailgates. GAC Components focuses on localized production and technological innovation to meet domestic market demands.

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4. Our Product Advantages

As a professional manufacturer of electric tailgates, we are dedicated to providing high-quality, intelligent, and safe products to our customers. Our products have the following advantages:

  1. High Intelligence: Our electric tailgates feature advanced intelligent control systems, with multiple opening methods such as remote control and kick sensor, greatly facilitating user operation.

  2. High Safety: Our products are equipped with multiple safety measures such as anti-pinch protection and overload protection to ensure user safety during use.

  3. High Reliability: We strictly control the production process and quality inspection to ensure that every product can operate stably and have a long service life.

  4. High Cost-Effectiveness: By optimizing production processes and cost control, we offer competitive prices, helping customers achieve higher profit margins.

5. Future Development Trends

With the continuous growth in market demand and technological advancements, the electric tailgate market will embrace more development opportunities. In the future, electric tailgates will move towards higher intelligence, safety, and reliability. Additionally, with the popularity of new energy vehicles, the application of electric tailgates in these vehicles will further expand, driving sustained market growth.

In conclusion, the electric tailgate market has broad prospects and an increasingly competitive landscape. We will continue to uphold a customer-centric philosophy, continuously improve product quality and technology, provide superior products and services, and help our customers achieve greater success in market competition.

References

  1. "Global Automotive Parts Market Report 2023"

  2. "Global Electric Tailgate Market Analysis"


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