Global Automotive Tailgate Market 2019 by Company, Regions, Type and Application, Forecast to 2027

Press Release

The global automotive tailgate market is brimming with competitive vendors, according to a Transparency Market Research (TMR).  Vendors in the global automotive tailgate market are focused on production of novel, attractive designs, to attract consumers and impact sales. The vendors are expected to retain efficient components without compromising on aesthetics. Other than this, vendors in the global automotive tailgate market are seen leveraging organic as well inorganic growth strategies in order to gain momentum in the industry.

Some of the key schemes identified by TMR analysts include launch of new products, approvals and patents, and events. Vendors in the global automotive tailgate market are involved in expanding their business through mergers and acquisitions, collaborations, and partnerships.

Leading names in the global automotive tailgate market include Plastic Omnium, Robert Bosch GmbH, SEOYON E-HWA, HELLA GmbH & Co. KGaA Rockland Manufacturing Company, and Magna International Inc.

As predicted by TMR, the global automotive tailgate market is likely to be worth US$15 bn by 2027-end. Over the forecast tenure from 2019 to 2027, the market is estimated to rise at a 4% compound annual growth rate (CAGR).

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Original Equipment Manufacturers (OEMs) are expected to emerge as the leading sales channel segment over the forecast period. As OEMs offer best-in-class quality of components and automobile parts, the segment is projected to exhibit lucrative growth. This trend is expected to continue over the forecast period. Geographically, Asia Pacific is anticipated to hold a leading market share. The vast volume of vehicles produced in the region may be considered to be the key reason boosting Asia Pacific molded plastics market. Further, high per capita incomes in developing countries such as China, India, and Japan are leading to high sales of automobiles in Asia Pacific. This is expected to strengthen the regional over coming years.
Because it requires less power to speed up a light object than a heavier, lightweight materials give considerable potential to increase the effectiveness of vehicles. A 10% decrease in car weight could lead to an enhancement in fuel efficiency by 6% to 8%.  For significant car companies such as Citroen C4, Range Rover and Peugeot, companies such as the Plastic Ominum and the Magna International supply composite material tailgates. In addition, the carbon-based composite tailgate decreases the general weight of the tailgate, and consequently the demand for automotive plastic tailgates will probably boost in the era of forecasting.

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