![]() ![]() Increase in demand for hands-free power liftgate from emerging economies along with rise in disposable income, and growth in sale of passenger vehicles is expected to supplement the market growth. Technological advancements and increase in adoption of electric and autonomous vehicles across the globe are expected to offer opportunities for growth of the market. Factors such as increase in demand for luxury vehicles, growth in need to offer improved customer convenience & comfort, and integration of connectivity & advanced features in vehicles supplement growth of the hands-free power liftgate market. The sensor based hands-free power liftgate provides benefits such as ease in handling and greater cargo flexibility. ![]() To enhance passenger comfort, there has been increase in focus on integration of connectivity solutions & advanced features in vehicles. Shortage of electronic components has forced manufacturers to leave out features such as hands-free power liftgate from vehicles till the microchip shortage is addressed. Several automobile manufacturers faced shortage of electronic components and limited inventory resulting in delayed vehicle production. The impact of the COVID-19 pandemic has resulted in supply chain disruptions and shortage of microchips required for development of hands-free power liftgate. Owing to this pandemic, many businesses have been halted and are waiting for the market conditions to improve. Countries across the globe have posed stringent restrictions ranging from days to months of lockdown periods. Governments of different regions have announced complete lockdown and temporary shutdown of industries, thereby adversely affecting the overall production and sales. The COVID-19 crisis has created uncertainty in the market, leading to massive decline of supply chain, decrease in business confidence, and increase in panic among customer segments. Moreover, development of autonomous vehicles with fully automated driving system is expected to create new opportunities in hands-free power liftgate market Supportive government initiates and schemes further support the adoption of electric vehicles. Electric vehicle manufacturers focus on providing safety and advanced features such as hands-free power liftgate system in electric vehicles. Rise in adoption of electric vehicle is expected to drive the demand for hands-free power liftgate. Increase in Adoption of Electric and Autonomous Vehicles Furthermore, increase in demand for luxury vehicles is anticipated to propel growth of the global hands-free power liftgate market during the forecast period. Moreover, luxury vehicle manufacturers offer smart features such as remote key access, and hands-free liftgate to improve the user experience of driving a luxury vehicle. Luxury vehicles are equipped with enhanced performance capabilities, and advanced safety and technology features. Increase in purchasing power parity across the globe drives the demand for luxury vehicles. On the contrary, technological advancements and increase in adoption of electric and autonomous vehicles across the globe are expected to offer growth opportunities during the forecast period. However, high initial cost and degradation of sensing mechanism over time is expected to hamper growth of the market. Increase in demand for luxury vehicles, growth in need to offer improved customer convenience & comfort, and integration of connectivity & advanced features in vehicles are factors expected to contribute to the growth of this market. It is equipped with a sensor to control the operation of the liftgate through movement of hands or legs. Hands-free power liftgate can be activated by waving foot underneath the rear bumper, between the exhaust pipe & license plate. Hands-free power liftgate enables the user to open or close the vehicle’s liftgate with a simple kick movement of the foot. The COVID-19 crisis has created uncertainty in the market, leading to massive decline of supply chain, temporary shutdown of industries, and decline in overall production and sales in the automotive industry. ![]() The global hands-free power liftgate market was valued $1,127.9 million in 2020, and is projected to reach $2,355.9 million in 2030, registering a CAGR of 7.8%. Hands-Free Power Liftgate Market statistics 2022-2030: ![]()
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