Popularity of Electric Vehicles Will Spike Sale of Power Liftgates?
April 6, 2023 ⚊ 1 Min read ⚊ Views 87 ⚊ BUSINESSPower liftgate market generated revenue of around $3,478.3 in 2020, the COVID-19 pandemic has negatively impacted the sales and manufacturing of automobiles, thereby affecting the growth of the automotive sector. Automobile manufacturers faced various challenges such as reduced manufacturing because of shutdown of factories, on account of the lockdowns imposed by the governments of many countries. However, power liftgate market recovered slightly during the fourth quarter of 2020, and it is predicted to continue this trend during the forecast period.
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