Press release
Automotive Knee Airbags Market: Nylon Automotive Knee Airbags to Gain Maximum Revenue Share || Key Players: Toray Industries, Inc., Hyundai Mobis Co. Ltd, ZF Friedrichshafen AG, and Toyoda Gosei Co., Ltd.
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Automotive knee airbags play an important role in passenger safety during a collision. Knee airbags are located below the steering on driver’s side and below the glove box on passenger side. Knee airbags protect against leg injuries, keeping the occupant in a proper position. Automotive manufacturers are installing airbags to protect passengers from severe injuries and to gain top safety ratings during the crash test program.
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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.
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.
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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.
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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