Rising Number of Vehicles on Road Drives Global Airbag Market
Growing urbanization to uplift growth of the global market
The global airbag market trend covers rising number of vehicles on road, growing urbanization, and increase in alertness to passenger’s safety. However, driverless cars may limit the airbag market growth. Furthermore, development of smart airbag technology is expected to create new opportunities for players of the market.
The global airbag market is classified into type, and geography. Type segment includes front airbag, side airbag, knee airbag, and curtain airbag. North America (U.S., Mexico, and Canada), Europe (France, Italy, Germany, UK, and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in this market.
Front airbag, by type dominated the global market in 2016
In 2016, front airbag in the type segment dominated the global market with maximum market share. Front airbag is installed in steering wheel and the front side of passenger to guard the chest and head, this factor is driving the growth of front airbag segment.
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Europe was leading region in the global market in 2016
Europe held major market share of 32% in 2016, due to growing concern for safety as well as rising sophistication of systems. Furthermore, North America is expected to attain the fastest CAGR during the forecast period, due to stringent vehicular safety standard and regulation.
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Key players are offering innovative products and services to increase their airbag market share. Major players of the market are Robert Bosch GmbH, Continental AG, Delphi Automotive PLC, Denso Corporation, Toyoda Gosei Co., Ltd., Key Safety Systems Inc, Takata Corporation, Hyundai Mobis Co. Ltd., TRW automotive, and Autoliv Inc., among others.
Scope of the Global Airbag Market
• Front Airbag
• Side Airbag
• Knee Airbag
• Curtain Airbag
• North America
• Asia Pacific
o South Korea
o South America
o Middle East
About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
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