Power Liftgate Market 2021 | Size, Share, Growth Insights, Key Players Analysis, Opportunities and Forecast by 2027
Power liftgate Market Overview Power liftgate market size is expected to be greater than USD 5 Billion by 2026 with a 6% CAGR over the forecast period. Market Research Future (MRFR) anticipates the Power Liftgate Market 2020 to attain a valuation of more than USD 5 Billion by the year 2025. The projected market growth rate can be 9% between 2019 and 2025, which is the review period. Primary Boosters and Main Barriers Increasing uptake of sensor-based and electronic components in vehicles has done wonders for the power liftgate market in recent years. The surge in technological innovations and constant advancements in the automobile sector can also offer opportunities to Power Liftgate Market manufacturers. Sensing the opportunity, renowned automobile manufacturers are integrating innovative power liftgates within their vehicle models, which not only boosts product demand but can also lead to market expansion in the following years.