In the global rear door market, suppliers such as Bosch and Magna International are expanding their businesses through mergers, acquisitions, cooperation, and partnerships. According to the US Transparent Market (TMR) survey, in order to attract consumers and improve sales performance, suppliers in the global rear door market are focusing on developing novel and well-designed products. These suppliers will not affect the aesthetics Keep valid components.
According to TMR estimates, by the end of 2027, the global tailgate market is expected to reach US $ 15 billion. During the forecast period from 2019 to 2027, its market size will increase at a compound annual growth rate of 4%. In terms of geographical distribution, the Asia-Pacific region will occupy a large market share. The developing countries such as China, India, and Japan, which have high per capita income, are increasing their automobile consumption levels. In the next few years, the strength of automobile consumption in the Asia-Pacific region will be further strengthened.
The application of lightweight materials will significantly improve vehicle energy efficiency. For each 10% reduction in body weight, fuel efficiency will increase by 6-8%. Large car manufacturers such as Citroen, Land Rover, and Peugeot have adopted composite rear doors from companies such as Plastic Ominum and Magna International. In addition, carbon-based composite tailgates have also reduced the weight of the product. Therefore, during the forecast period, car companies' demand for composite tailgates will also increase.
Consumer demand for travel convenience and high-end products has strongly promoted the development of the rear door market. At the same time, the market's focus on vehicle safety and autonomous driving is also increasing. The OEMs have carried out tests on different models to create elegant appearance and rear designs for the vehicles, but on the other hand, the high costs brought by these designs have also affected the further expansion of the door market to a certain extent.