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Automotive Curtain Airbags Market 2018-2023: Global Industry Key Players, Size, Trends, Share, Growth Factors Analysis
Automotive Curtain Airbags Market Research Report - Global Forecast to 2023 is latest published report by “MarketResearchFuture”, provides detailed analysis of Global Automotive Curtain Airbags Market Size, Share, Key Players, Growth Factors, and Regional Outlook To 2023. Automotive Curtain Airbags Market Categorized by Yarn Type (Nylon, Polyester), Application (Head Curtain, Torso Curtain, Combo), Sales Channel (OEM, Aftermarket), Coating (Neoprene Coated, Silicone Coating, Non-Coated), Vehicle Type and region.Automotive Curtain Airbags Market Highlights:
Market Research Future published a cooked research report on Automotive Curtain Airbags market. Market Research Future Published a Cooked Research Report on Global Automotive Curtain Airbags Market Research Report.
Automotive Curtain Airbags Key Players Listed In Report: Autoliv Inc. (Sweden), ZF Friedrichshafen AG (Germany), Takata Corporation (Japan), Toyoda Gosei Co., Ltd. (Japan), Ningbo Joyson (China), Ashimori Industry Co., Ltd. (Japan), Nihon Plast Co., Ltd. (Japan).
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Curtain airbags are different compared to conventional airbags that offer foreground collision safety to the occupant. Curtain airbags are most effective and functional in the event of a side impact crash. Airbags systems have continued to evolve, becoming instantaneous and efficient. Passive safety system is a key area of focus for carmakers and continues to witness R&D investments of mega scale.
There has been a significant surge in the number of road accidents resulting in severe injuries and fatalities. In an effort to develop safer cars, automakers are making pervasive use of passive safety systems. Curtain airbags have proven to be successful in reducing the impact in the event of accidents. In general, several high-end and top-variant cars are equipped with curtain airbags, but lately, there has been a rise in demand for airbags in low and compact vehicles encouraged by rising consumer awareness about the benefits of safety systems, and road safety legislation.
Governments across the globe have endeavored to create public awareness regarding road safety in the form of programs and introduction of regulatory frameworks pertaining to road safety. Programs such as New Car Assessment programme (NCAP) which provide safety ratings to vehicles have prompted automobile manufacturers to conduct crash tests and put more emphasis on the safety aspect of vehicles resulting in increased demand for automotive curtain airbags
However, the high replacement cost of airbag systems is a major restraining factor to the growth of the market. Various components of the airbag system such as impact sensors, airbags ECU, horn pad airbag, side curtain airbag, and knee airbag are expensive and higher than other components of an automobile. Moreover, replacement of airbag systems requires a professional technician which further increases the cost of replacement
Regional Outlook:
The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Asia-Pacific, North America, Europe and Rest of the World (ROW).
Asia Pacific is the fastest growing market for automotive curtain airbags and stores potential growth opportunities for market expansion. The rise in disposable income of consumers in the emerging economies such as China and India encourages them to indulge in high-end cars which have curtain airbags. The substantial growth of the automotive industry and increasing production of vehicles in countries such as Japan favor the growth of the curtain airbag market in Asia Pacific. China attained USD 328.2 Million in 2017, accounting for the largest share of 39.03% in 2017 and being an emerging market for curtain airbags, China is expected to maintain its dominance in the Asia Pacific market over the forecast period. The high adoption rate of passive safety systems and rapid growth of the automotive industry supports the growth of the China market.
Currently, North America is at the forefront of the global automotive curtain airbags market and is expected to expand at a CAGR of 5.13% over the forecast period. North America accounts for the largest share of the market and is expected to maintain its dominance throughout the forecast period. The US is dominating the region. Various government regulations aimed at the safety of consumers, pedestrian protection, and child protection, impose multiple safety standards adhering to which curtain airbag manufacturers are conducting crash tests. The US is a major manufacturing hub for automakers, and the US government mandates the use of frontal driver airbags in passenger cars which results in inflated demand for curtain airbags.
Europe is the second largest market for curtain airbags and is expected to expand at a CAGR of 4.95% over the forecast period. Growing consumer acceptance, advancement in technology and lower prices push the market for curtain airbags in the region. Germany attained USD 391.8 Million in 2017, accounting for the largest market share of 38.99%. Germany being the largest automotive hub in Europe is a strategically important market for curtain airbags. Germany boasts of 41 automotive assembly plants, and thus experiences augmented demand for curtain airbags. Other key contributors to the Europe market are France, Russia, Spain, and Italy.
Table of Contents:
1 Introduction
1.1 Definition
1.2 Scope Of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:
2 Research Propulsionology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
3.5 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porter's Five Forces Model
Continued...
List of Figures:
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter's Five Forces Analysis
FIGURE 7 Value Chain Analysis
FIGURE 8 GLOBAL Automotive Curtain Airbags Market SHARE, BY Components, 2016 (%)
Continued...
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