|
|
(Transportation-News.com, January 31, 2019 )
Stratview Research announces the launch of a new research report on Automotive Composite Liftgate Market by Vehicle Type (Hatchback, SUV, and Others), by Manufacturing Process Type (Compression Molding, and Injection Molding), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024
Automotive Composite Liftgate Market: Highlights
Liftgate is generally made of steel by auto OEMs themselves; however, with the advent of lightweight components, composites have been in limelight and have already become successful in making a remarkable presence in liftgate of vehicles. Composites play a vital role in contributing to weight reduction without compromising the strength and performance of the overall system. This is attracting tier players as well as raw material suppliers including resin, fiber, and coating suppliers, to tap the growing opportunity of composites in the automotive liftgate market.
Click here for table of contents:- https://www.stratviewresearch.com/toc/446/Automotive-Composite-Liftgate-Market.html
Or
Request a sample here:- https://www.stratviewresearch.com/Request-Sample/446/Automotive-Composite-Liftgate-Market.html
Composite liftgate is among the list of few automotive components that are experiencing staggering growth. Composite liftgate account for less than one-fifth of the overall liftgate market at present but forays huge growth potential in the coming years. Stringent regulations imposed by governments of many countries are putting pressure on the automakers to curb the overall vehicle weight to increase fuel efficiency or reduce carbon emissions. Liftgates could not escape itself from such regulations and experienced a significant change in the selection of materials over the period.
As per the Stratview Research, The global composite liftgate market is likely to experience excellent growth over the next five years to reach an estimated value of US$ 1,183.3 million in 2024. Increasing automotive production, increasing share of SUVs in the overall vehicle production, and increasing demand for lightweight liftgate over bulky metallic liftgate are some of the key factors proliferating the growth of the automotive composite liftgate market.
The market is segmented based on the vehicle type as Hatchback, SUV, and Others. Hatchback is likely to remain the most dominant vehicle type segment over the next five years; however, SUV is likely to be the fastest-growing segment during the same period. Renault Clio and Megane; Peugeot 308 and 508; and BMW i3 are some key hatchback models that contain composite liftgate.
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
|
