Press release
Global Automotive Knee Airbags Market Assessment and Revenue Forecast Until the End of 2022 || Top Key Players- Takata Corporation, Autoliv, Daicel Corporation, Delphi Automotive Plc, Kolon Industries, Denso Corporation, Toray Industries, Hyundai Mobis Co
Fact.MR
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With an increasing emphasis on safety features in vehicles, automotive manufacturers are installing airbags to minimize the injuries caused during an accident. Along with the front and side airbags, new models of cars are also providing knee airbags to prevent leg and knee injury in case of an accident. Manufacturers are also focusing on producing airbags using innovative materials and construction technique.
According to the latest report by Fact.MR, the global automotive knee airbags market is expected to experience above-average growth, registering 5.8% CAGR during the forecast period, 2017-2022. Automobile manufacturers have started focusing on earning top safety ratings, hence most of the new cars come with a plethora of airbags. However, knee airbags are considered as an essential feature for vehicles with high safety ratings as they protect lower extremity of the occupant. Following are the insights on the future of the global automotive knee airbags market.
6 Forecast Highlights on Global Automotive Knee Airbags Market
Europe is expected to be the largest market for automotive knee airbags during the forecast period, 2017-2022. Europe automotive knee airbags market is estimated to reach just over US$ 50 million revenue by the end of 2022.
North America is expected to be the second most lucrative market in automotive knee airbags. Owing to the imposition of various in-vehicle safety standards by the government and race among automotive manufacturers to earn top safety ratings is boosting the automotive knee airbags market in North America.
Neoprene coated automotive knee airbags are expected to account for nearly three-fourth of the revenue share by the end of 2017. Neoprene coated automotive knee airbags are projected to surpass US$ 100 million revenues towards the end of 2022. Meanwhile, silicone coated automotive knee airbags are also expected to witness robust growth during the forecast period.
Compared to polyester automotive knee airbags, nylon automotive knee airbags are expected to experience above-average growth between 2017 and 2022. Nylon airbags are projected to account for more than three-fourth of the revenue share by 2017 end.
Sales of automotive knee airbags is expected to be highest through Original Equipment Manufacturers (OEM). By the end of 2022, OEM is projected to reach nearly US$ 150 million revenue.
Compact passenger cars are expected to emerge as the largest deployer of automotive knee airbags. Compact passenger cars are estimated to account for nearly one-third of the revenue share by the end of 2017
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Increasing Preference for Neoprene Coated Automotive Knee Airbags
Neoprene coated automotive knee airbags are expected to experience above-average growth during the forecast period, 2017-2022. Accounting for nearly three-fourth of the revenue share by 2017 end, neoprene coated automotive knee airbags are projected to create an incremental opportunity of over US$ 20 million during 2017-2022.
Nylon Automotive Knee Airbags to Gain Maximum Revenue Share
Towards the end of 2017, Nylon automotive knee airbags are expected to gain more than three-fourth of the revenue share. Meanwhile, automotive knee airbags made using polyester are also gaining popularity as polyester has a good dimensional stability in humid conditions.
High Sales through OEM
Witnessing above-average growth, Original Equipment Manufacturers (OEM) will emerge as one of the most lucrative sales channels. By the end of 2022, OEMs are expected to bring in nearly US$ 160 million revenue. While sales through Aftermarket is also expected to experience steady growth.
Compact Passenger Cars to Account for Maximum Usage of Automotive Knee Airbags
Compact passenger cars are expected to be the largest users of automotive knee airbags. Compact passenger cars are estimated to reach nearly US$ 60 million revenues towards the end of 2022.
Competition Tracking
The report also profiles companies that are expected to remain active in the expansion of global automotive knee airbags market through 2022, which include Takata Corporation, Autoliv Inc., Daicel Corporation, Delphi Automotive Plc, Kolon Industries, Inc., Denso Corporation, Toray Industries, Inc., Hyundai Mobis Co. Ltd, ZF Friedrichshafen AG, and Toyoda Gosei Co., Ltd.
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Table of Content:
Global Automotive Knee Airbags Market - Executive Summary
Global Automotive Knee Airbags Market Overview
2.1. Introduction
2.1.1. Global Automotive Knee Airbags Market Taxonomy
2.1.2. Global Automotive Knee Airbags Market Definition
2.2. Global Automotive Knee Airbags Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Automotive Knee Airbags Market Y-o-Y Growth
2.3. Global Automotive Knee Airbags Market Dynamics
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. List of Distributors
2.9. Key Participants Market Presence (Intensity Map) By Region
Global Automotive Knee Airbags Market Analysis and Forecast By Coating Type
3.1. Global Automotive Knee Airbags Market Size and Forecast By Coating Type, 2012-2022
3.1.1. Neoprene Coated Automotive Knee Airbags Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Silicone Coating Automotive Knee Airbags Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region
3.1.3. Non-Coated Automotive Knee Airbags Market Size and Forecast, 2012-2022
3.1.3.1. Revenue (US$ Mn) Comparison, By Region
3.1.3.2. Market Share Comparison, By Region
3.1.3.3. Y-o-Y growth Comparison, By Region
Global Automotive Knee Airbags Market Analysis and Forecast By Yarn Type
Continued……………..
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