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(Transportation-News.com, December 12, 2018 ) Stratview Research announces the launch of a new research report on Automotive Liftgate Market. This 231-page extensive report from Stratview Research, studies Automotive Liftgate Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
This Automotive Liftgate Market analysis has been segmented in four ways, keeping in mind the interest of all the stakeholders across the value chain.
• By Vehicle Type (Hatchback, SUV, Others)- SUV is expected to remain the growth engine.
• By Material Type (Metal Liftgates, Composite Liftgates)-Metal liftgate is projected to remain more dominant over the next five years.
• By Manufacturing Process Type (Stamping, Compression Molding, Injection Molding)- Stamping is expected to remain the most dominant manufacturing process.
• By Region (North America, Europe, Asia-Pacific, Rest of the World)- Asia-Pacific is expected to remain the largest automotive liftgate market.
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Automotive Liftgate Market Insights
The next five years for the global automotive liftgate market are going to be vigorous with sizeable growth opportunities in the entire ecosystem of the market. The market is estimated to grow at a healthy rate over the next five years to reach an estimated value of US$ 5.2 billion in 2023. Organic growth in automobile production owing to increasing disposable income and growing urbanization, increasing share of SUVs production, and increasing demand for lightweight liftgates to reduce the overall vehicle weight for achieving stringent government regulations, such as CAFÉ Standards are major growth drivers of the market.
The supply chain of this market comprises raw material suppliers, compounders, liftgate manufacturers, distributors, automotive OEMs, and dealers. Major automotive liftgate manufacturers are Toyota Motor Corporation, General Motors, Plastic Omnium, and Magna International. Development of lightweight composite liftgates, execution of mergers & acquisitions, and formation of long-term contracts with OEMs are the key strategies adopted by the major players to gain a competitive edge in the market.
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Stratview Research
Ritesh Gandecha
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sales@stratviewresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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