Automatic Trunk Lid Market [2028] by Size, Trends, Forecast

Summary

Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 4.23 Billion
CAGR (2023-2028)	10.60%
Fastest Growing Segment	Light Commercial Vehicles
Largest Market	North America

Global Automatic Trunk Lid Market has potential to grow at high CAGR in the forecast period due to increasing demand towards electric vehicles with advanced features, easy user experience and its safety.

Global Automatic Trunk Lid Market Scope

In North America and Europe, where luxury vehicles are more widely available, the automated trunk lid industry is expanding at a faster rate. Automatic trunk lid ensure that cars operate effortlessly and have high-end amenities that make easy access to luggage and attractive for passengers.

The body panel made of carbon fiber or sheet metal that covers the trunk is referred to as the trunk lid. Typically, trunk lids are constructed of aluminum or carbon fiber since they are lighter than other materials and hence, easier to utilize and customize. Compared to other materials like steel, these materials have a longer lifespan, are lighter, and stronger. The reinforced plastic version of carbon fiber is the substance utilized to make the panels. The carbon fiber components are constructed from carbon filament threads, a rigid, inflammable composite fabric used to create an incredibly strong and light-weight automotive trunk lid system. During the projection period, it is anticipated that the market for automatic trunk lids would grow rapidly owing to the growing demand for cars with more upgraded features. The Automated Trunk Lid Market is significantly impacted by the increasing focus on vehicle refinement, customer comfort, and regulatory criteria. One of the characteristics that makes it easier to use is the ability to open the trunk lid without using hands. The automatic trunk lid can be opened or closed with the aid of a vehicle's installed electronic system and sensors.

Global Automatic Trunk Lid Market Overview

The increasing use of cutting-edge technologies and materials in the automotive sector is likely to lead to an increase in the market for car trunk lid panels worldwide. Considering the need for luxury, comfort, hands-free operation, and autonomous driving, automakers are encouraged to spend in research and development of the automated trunk lid industry. As trunk lids can be integrated smoothly with all types of automobiles, the desire for premium and sophisticated technology vehicles is increasing, which is fueling the demand for automotive trunk lid panels. In the upcoming years, it is anticipated that increased use of safety systems in automobiles would propel the demand for these lightweight trunk lids worldwide.

Global Automatic Trunk Lid Market Challenge

The use of high-quality materials and the limited penetration are factors that contribute to the automatic trunk lid components' high manufacturing and maintenance costs. The revenue of businesses that offer automated trunk lid systems can also be severely impacted by price changes in the global trade industry. Due to their higher manufacturing costs, automatic trunk lid systems provide a substantial hurdle for the global market in terms of deployment and integration. It is because the technology and necessary parts, such as sensors, motors, control systems, and wiring, can significantly raise the price of manufacturing and producing automobiles. As a result, this expense poses a significant hurdle for some automobile manufacturers, notably for those who offer customers on a limited budget or compete in price-sensitive market segments. Additionally, the dynamics of supply and demand have changed, which makes it more difficult for the sector to expand. Overall, a major barrier to the industry's expansion is the high expense related to establishing and integrating automatic trunk lid systems. Additionally, it is expected that the cost of the automated trunk lid market will decrease in the upcoming years as technology develops. Also, the penetration of the aftermarket automatic trunk lid services is anticipated to drive the global Automatic Trunk Lid Market in the upcoming years.

Global Automatic Trunk Lid Market Trends

In the global market for automated trunk lids, there is a tendency towards a greater emphasis on the comfort and refinement of the vehicle. Additionally, the demand for automatic trunk lids is growing as consumer expectations for a comfortable, hands-free trunk lid operation rise. Additionally, the nation is working towards a switch to electric cars to lower greenhouse gas emissions from transportation which is expected to grow the market for automated trunk lids globally. Furthermore, the market is seeing trends that affect its expansion. The development of novel solutions like foot-activated trunk opening is one of them. Others include improvements in sensor technology, integration with smart key systems and car connectivity, and breakthroughs in vehicle connectivity. Due to the aforementioned factors, it is expected that the Automatic Trunk Lid Market would expand throughout the course of the projected year.

Recent Development

In 2022, Huf Group's Huf Light Touch Emblem, which was patented in November 2022, has several advantages over other traditional access methods for automakers. The most popular electric vehicles models have Light Touch Emblem at the back for opening the front trunk lid.
In December 2019, Continental introduced electric liftgates and sliding doors for loading and unloading trunks. Even in the cold and when the car is dirty, it can easily open and lock lift gates while keeping its hands clean.

Global Automatic Trunk Lid Market Opportunities

As the automotive industry grows, there is going to be a greater need for automatic trunk lid systems, creating new market opportunities for specialized service providers and up-and-coming new businesses. Due to increasing spending power on premium features, there are several opportunities for industry growth and development in North America and Europe. Furthermore, Automatic trunk lids have the potential to expand at a faster rate given the growing demand for high-end vehicles with cutting-edge technology and hands-free activities within the car. Additionally, there is a rising emphasis on improving the general user experience and comfort of these vehicles as the automobile industry transitions towards electrification. Automatic trunk lids can play a significant role in this regard, offering an added feature that aligns with the advanced and futuristic nature of electric and hybrid vehicles.

Company Profiles

Some of the major players which are leading in Automatic Trunk Lid Market are Flex-N-Gate Corporation, Gifu Auto Body Industry, Magna International Limited, Plastic Omnium, ThyssenKrupp AG, Toyotomi kiko co. ltd, UACJ Metal Components Corporation, Continental AG, Huf Hülsbeck & Fürst GmbH & Co. KG, ZF friedrichshafen AG.

Market Segmentation

The Global Automatic Trunk Lid Market is segmented based on vehicle type, material type, end user, and by region. Based on vehicle type, the market is segmented into Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle. Based on the material type, it is further segmented into steel, aluminum alloy, carbon fiber, and others. Furthermore, based on end user, it is segmented into OEM and aftermarket. Further, the market is divided based on region, i.e., Asia Pacific, North America, Europe & CIS, South America, and Middle East & Africa.

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Attribute	Details
Base Year	2022
Historical Years	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Million and CAGR for 2018-2022 and 2023-2028
Report Coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	By Vehicle Type By Material Type By End User By Region
Key Companies Profiled	Flex-N-Gate Corporation, Gifu Auto Body Industry, Magna International Limited, Plastic Omnium, ThyssenKrupp AG, Toyotomi kiko co. ltd, UACJ Metal Components Corporation, Continental AG, Huf Hülsbeck & Fürst GmbH & Co. KG, ZF friedrichshafen AG
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, Global automatic trunk lid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Automatic Trunk Lid Market, By Vehicle Type:

Passenger Car
Light Commercial Vehicle
Medium & Heavy Commercial Vehicle

Automatic Trunk Lid Market, By Material Type:

Steel
Aluminum Alloy
Carbon Fiber
Others

Automatic Trunk Lid Market, By End User:

OEM
Aftermarket

Automatic Trunk Lid Market, By Region:

Asia Pacific
North America
Europe & CIS
South America
Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global automatic trunk lid market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Automatic Trunk Lid Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Product Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Impact of COVID-19 on Global Automatic Trunk Lid Market

5. Voice of Customer Analysis

5.1. Factors Influencing Purchase Decision

5.2. Brand Awareness

5.3. Brand Satisfaction

6. Global Automatic Trunk Lid Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Vehicle Type Market Share Analysis (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

6.2.2. By Material Type Market Share Analysis (Steel, Aluminum Alloy, Carbon Fiber, Others)

6.2.3. By End User Market Share Analysis (OEM, Aftermarket)

6.2.4. By Regional Market Share Analysis

6.2.4.1. Asia Pacific Market Share Analysis

6.2.4.2. North America Market Share Analysis

6.2.4.3. Europe & CIS Market Share Analysis

6.2.4.4. South America Market Share Analysis

6.2.4.5. Middle East & Africa Market Share Analysis

6.2.5. By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2022)

6.3. Global Automatic Trunk Lid Market Mapping & Opportunity Assessment

6.3.1. By Vehicle Type Market Mapping & Opportunity Assessment

6.3.2. By Material Type Market Mapping & Opportunity Assessment

6.3.3. By End User Market Mapping & Opportunity Assessment

6.3.4. By Regional Market Mapping & Opportunity Assessment

7. Asia Pacific Automatic Trunk Lid Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Vehicle Type Market Share Analysis

7.2.2. By Material Type Market Share Analysis

7.2.3. By End User Market Share Analysis

7.2.4. By Country Market Share Analysis

7.2.4.1. China Market Share Analysis

7.2.4.2. India Market Share Analysis

7.2.4.3. Japan Market Share Analysis

7.2.4.4. Malaysia Market Share Analysis

7.2.4.5. Thailand Market Share Analysis

7.2.4.6. Indonesia Market Share Analysis

7.2.4.7. Vietnam Market Share Analysis

7.2.4.8. South Korea Market Share Analysis

7.2.4.9. Rest of Asia Pacific Market Share Analysis

7.3. Asia Pacific: Country Analysis

7.3.1. China Automatic Trunk Lid Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Vehicle Type Market Share Analysis

7.3.1.2.2. By Material Type Market Share Analysis

7.3.1.2.3. By End User Market Share Analysis

7.3.2. India Automatic Trunk Lid Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Vehicle Type Market Share Analysis

7.3.2.2.2. By Material Type Market Share Analysis

7.3.2.2.3. By End User Market Share Analysis

7.3.3. Japan Automatic Trunk Lid Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Vehicle Type Market Share Analysis

7.3.3.2.2. By Material Type Market Share Analysis

7.3.3.2.3. By End User Market Share Analysis

7.3.4. South Korea Automatic Trunk Lid Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Vehicle Type Market Share Analysis

7.3.4.2.2. By Material Type Market Share Analysis

7.3.4.2.3. By End User Market Share Analysis

7.3.5. Malaysia Automatic Trunk Lid Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Vehicle Type Market Share Analysis

7.3.5.2.2. By Material Type Market Share Analysis

7.3.5.2.3. By End User Market Share Analysis

7.3.6. Indonesia Automatic Trunk Lid Market Outlook

7.3.6.1. Market Size & Forecast

7.3.6.1.1. By Value

7.3.6.2. Market Share & Forecast

7.3.6.2.1. By Vehicle Type Market Share Analysis

7.3.6.2.2. By Material Type Market Share Analysis

7.3.6.2.3. By End User Market Share Analysis

7.3.7. Thailand Automatic Trunk Lid Market Outlook

7.3.7.1. Market Size & Forecast

7.3.7.1.1. By Value

7.3.7.2. Market Share & Forecast

7.3.7.2.1. By Vehicle Type Market Share Analysis

7.3.7.2.2. By Material Type Market Share Analysis

7.3.7.2.3. By End User Market Share Analysis

7.3.8. Vietnam Automatic Trunk Lid Market Outlook

7.3.8.1. Market Size & Forecast

7.3.8.1.1. By Value

7.3.8.2. Market Share & Forecast

7.3.8.2.1. By Vehicle Type Market Share Analysis

7.3.8.2.2. By Material Type Market Share Analysis

7.3.8.2.3. By End User Market Share Analysis

8. North America Automatic Trunk Lid Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Vehicle Type Market Share Analysis

8.2.2. By Material Type Market Share Analysis

8.2.3. By End User Market Share Analysis

8.2.4. By Country Market Share Analysis

8.2.4.1. United States Market Share Analysis

8.2.4.2. Canada Market Share Analysis

8.2.4.3. Mexico Market Share Analysis

8.3. North America: Country Analysis

8.3.1. United States Automatic Trunk Lid Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Vehicle Type Market Share Analysis

8.3.1.2.2. By Material Type Market Share Analysis

8.3.1.2.3. By End User Market Share Analysis

8.3.2. Mexico Automatic Trunk Lid Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Vehicle Type Market Share Analysis

8.3.2.2.2. By Material Type Market Share Analysis

8.3.2.2.3. By End User Market Share Analysis

8.3.3. Canada Automatic Trunk Lid Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Vehicle Type Market Share Analysis

8.3.3.2.2. By Material Type Market Share Analysis

8.3.3.2.3. By End User Market Share Analysis

9. Europe & CIS Automatic Trunk Lid Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Vehicle Type Market Share Analysis

9.2.2. By Material Type Market Share Analysis

9.2.3. By End User Market Share Analysis

9.2.4. By Country Market Share Analysis

9.2.4.1. Germany Market Share Analysis

9.2.4.2. France Market Share Analysis

9.2.4.3. United Kingdom Market Share Analysis

9.2.4.4. Spain Market Share Analysis

9.2.4.5. Italy Market Share Analysis

9.2.4.6. Belgium Market Share Analysis

9.2.4.7. Russia Market Share Analysis

9.2.4.8. Rest of Europe & CIS Market Share Analysis

9.3. Europe & CIS: Country Analysis

9.3.1. Germany Automatic Trunk Lid Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Vehicle Type Market Share Analysis

9.3.1.2.2. By Material Type Market Share Analysis

9.3.1.2.3. By End User Market Share Analysis

9.3.2. France Automatic Trunk Lid Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Vehicle Type Market Share Analysis

9.3.2.2.2. By Material Type Market Share Analysis

9.3.2.2.3. By End User Market Share Analysis

9.3.3. Russia Automatic Trunk Lid Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Vehicle Type Market Share Analysis

9.3.3.2.2. By Material Type Market Share Analysis

9.3.3.2.3. By End User Market Share Analysis

9.3.4. United Kingdom Automatic Trunk Lid Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Vehicle Type Market Share Analysis

9.3.4.2.2. By Material Type Market Share Analysis

9.3.4.2.3. By End User Market Share Analysis

9.3.5. Italy Automatic Trunk Lid Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Vehicle Type Market Share Analysis

9.3.5.2.2. By Material Type Market Share Analysis

9.3.5.2.3. By End User Market Share Analysis

9.3.6. Spain Automatic Trunk Lid Market Outlook

9.3.6.1. Market Size & Forecast

9.3.6.1.1. By Value

9.3.6.2. Market Share & Forecast

9.3.6.2.1. By Vehicle Type Market Share Analysis

9.3.6.2.2. By Material Type Market Share Analysis

9.3.6.2.3. By End User Market Share Analysis

9.3.7. Belgium Automatic Trunk Lid Market Outlook

9.3.7.1. Market Size & Forecast

9.3.7.1.1. By Value

9.3.7.2. Market Share & Forecast

9.3.7.2.1. By Vehicle Type Market Share Analysis

9.3.7.2.2. By Material Type Market Share Analysis

9.3.7.2.3. By End User Market Share Analysis

10. South America Automatic Trunk Lid Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Vehicle Type Market Share Analysis

10.2.2. By Material Type Market Share Analysis

10.2.3. By End User Market Share Analysis

10.2.4. By Country Market Share Analysis

10.2.4.1. Brazil Market Share Analysis

10.2.4.2. Argentina Market Share Analysis

10.2.4.3. Colombia market Share Analysis

10.2.4.4. Rest of South America Market Share Analysis

10.3. South America: Country Analysis

10.3.1. Brazil Automatic Trunk Lid Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Vehicle Type Market Share Analysis

10.3.1.2.2. By Material Type Market Share Analysis

10.3.1.2.3. By End User Market Share Analysis

10.3.2. Argentina Automatic Trunk Lid Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Vehicle Type Market Share Analysis

10.3.2.2.2. By Material Type Market Share Analysis

10.3.2.2.3. By End User Market Share Analysis

10.3.3. Colombia Automatic Trunk Lid Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Vehicle Type Market Share Analysis

10.3.3.2.2. By Material Type Market Share Analysis

10.3.3.2.3. By End User Market Share Analysis

11. Middle East and Africa Automatic Trunk Lid Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Vehicle Type Market Share Analysis

11.2.2. By Material Type Market Share Analysis

11.2.3. By End User Market Share Analysis

11.2.4. By Country Market Share Analysis

11.2.4.1. Turkey Market Share Analysis

11.2.4.2. Iran Market Share Analysis

11.2.4.3. South Africa Market Share Analysis

11.2.4.4. Egypt Market Share Analysis

11.2.4.5. Rest of Middle East & Africa Market Share Analysis

11.3. Middle East and Africa: Country Analysis

11.3.1. Turkey Automatic Trunk Lid Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Vehicle Type Market Share Analysis

11.3.1.2.2. By Material Type Market Share Analysis

11.3.1.2.3. By End User Market Share Analysis

11.3.2. Iran Automatic Trunk Lid Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Vehicle Type Market Share Analysis

11.3.2.2.2. By Material Type Market Share Analysis

11.3.2.2.3. By End User Market Share Analysis

11.3.3. South Africa Automatic Trunk Lid Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Vehicle Type Market Share Analysis

11.3.3.2.2. By Material Type Market Share Analysis

11.3.3.2.3. By End User Market Share Analysis

11.3.4. Egypt Automatic Trunk Lid Market Outlook

11.3.4.1. Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2. Market Share & Forecast

11.3.4.2.1. By Vehicle Type Market Share Analysis

11.3.4.2.2. By Material Type Market Share Analysis

11.3.4.2.3. By End User Market Share Analysis

12. Porter’s Five Forces Model

12.1. Competitive Rivalry

12.2. Bargaining Power of Buyers

12.3. Bargaining Power of Suppliers

12.4. Threat of New Entrants

12.5. Threat of Substitutes

13. Market Dynamics

13.1. Market Drivers

13.2. Market Challenges

14. Market Trends and Developments

15. Competitive Landscape

15.1. Company Profiles (Up To 10 Major Companies)

15.1.1. Flex-N-Gate Corporation

15.1.1.1. Company Details

15.1.1.2. Key Products Offered

15.1.1.3. Recent Development

15.1.1.4. Key Management Personnel

15.1.2. Gifu Auto Body Industry

15.1.2.1. Company Details

15.1.2.2. Key Products Offered

15.1.2.3. Recent Development

15.1.2.4. Key Management Personnel

15.1.3. Magna International Limited

15.1.3.1. Company Details

15.1.3.2. Key Products Offered

15.1.3.3. Recent Development

15.1.3.4. Key Management Personnel

15.1.4. Plastic Omnium

15.1.4.1. Company Details

15.1.4.2. Key Products Offered

15.1.4.3. Recent Development

15.1.4.4. Key Management Personnel

15.1.5. ThyssenKrupp AG

15.1.5.1. Company Details

15.1.5.2. Key Products Offered

15.1.5.3. Recent Development

15.1.5.4. Key Management Personnel

15.1.6. Toyotomi kiko co. ltd

15.1.6.1. Company Details

15.1.6.2. Key Products Offered

15.1.6.3. Recent Development

15.1.6.4. Key Management Personnel

15.1.7. UACJ Metal Components Corporation

15.1.7.1. Company Details

15.1.7.2. Key Products Offered

15.1.7.3. Recent Development

15.1.7.4. Key Management Personnel

15.1.8. Continental AG

15.1.8.1. Company Details

15.1.8.2. Key Products Offered

15.1.8.3. Recent Development

15.1.8.4. Key Management Personnel

15.1.9. Huf Hülsbeck & Fürst GmbH & Co. KG

15.1.9.1. Company Details

15.1.9.2. Key Products Offered

15.1.9.3. Recent Development

15.1.9.4. Key Management Personnel

15.1.10. ZF friedrichshafen AG

15.1.10.1. Company Details

15.1.10.2. Key Products Offered

15.1.10.3. Recent Development

15.1.10.4. Key Management Personnel

16. Strategic Recommendations

16.1. Key Focus Area

16.1.1. Target Regions & Countries

16.1.2. Target Vehicle Type

16.1.3. Target End User

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

Which vehicle type segment is leading in Global Automatic Trunk Lid Market?

With increasing demand for advanced features along with growing sales in both ICE and electric vehicle sector, Passenger cars segment is leading the automatic trunk lid market.

What are the major factors driving the Automatic Trunk Lid Market?

Advanced features related to hands free operation is driving the Global Automatic Trunk Lid Market in coming years.

Who are the major players in global automatic trunk lid market?

The top players in the automatic trunk lid market include Flex-N-Gate Corporation, Gifu Auto Body Industry, Magna International Limited, Plastic Omnium, ThyssenKrupp AG, Toyotomi kiko co. ltd, UACJ Metal Components Corporation, Continental AG, Huf Hülsbeck & Fürst GmbH & Co. KG, ZF friedrichshafen AG etc.

Which regions will grow at a higher rate in the Global Automatic Trunk Lid Market in 2022?

With more higher class vehicle sales in North America and Europe have higher CAGR in upcoming years in the Global Automatic Trunk Lid Market.

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Press Release

Global Automatic Trunk Lid Market is Expected to be Dominate By Passenger Car Segment Through 2028

Jun, 2023

Growing need for vehicles with advanced features and ease of load and unload luggage in the trunk drives the Global automatic trunk lid market through 2029.

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