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Airbag Market 2022 In-Depth Analysis of Industry Share, Size, Growth, and Key Players like Autoliv (Sweden), Delphi Automotive (UK), Takata Corporation (Japan), TRW Automotive (U.S.)

03-25-2019 03:26 PM CET | Industry, Real Estate & Construction

Press release from: Big Market Research

Airbag

Airbag

The global airbag market is expected to reach $37.3 billion by 2022, growing at a CAGR of 9.4% from 2016 to 2022. In the global automotive industry, the demand for airbags is on a rapid increase. A rise in consumer awareness towards vehicle safety features an inclination towards the use of advanced technology to reduce the impact of accidents drives the market growth. In addition, an increase in competition among car manufacturers to introduce advanced safety features contributes to increasing in the demand for airbags. Increase in a number of road accidents in India, China, and Indonesia has prompted the local governments to execute strict road safety regulations. This has resulted in the compulsory installation of airbags in automobiles being introduced in the market, which is anticipated to further fuel the market growth. However, inclusion of advanced technological features causes an increase in the cost of cars, thus inhibiting market growth.  Moreover, once the airbags get deployed, their replacement costs are very high. The advanced safety features other than airbags, such as radars, cameras to detect potential danger, anti-crash sensors, driverless vehicles (robotics), and vehicles using GPS, are expected to impose a major threat to airbag manufacturers, thus impeding the market growth.

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The production facility to manufacture airbags is present in developed nations, such as the U.S., Germany, and China. These countries have formulated favorable policies which are expected to facilitate the manufacturing of airbags. This factor provides the opportunity to increase the growth rate of the market, and thus allows manufacturers to set up industries at optimum capital investment and expand its presence worldwide. Innovations such as the introduction of airbags in two-wheelers are expected to boost this market. Most of the developing nations such as India, China, South Africa, and Norway have introduced various schemes to establish the manufacturing industries. Thus, this presents an opportunity for the manufacturers to set up industries and increase the market size of their airbags industries.

The airbag market is segmented by module into inflator or gas generator and airbag, which is made up of fabric material. Further, the market is divided by type into the front airbag, side airbag, knee airbag, and curtain airbag. Based on geography, it is analyzed across North America (U.S., Canada, and Mexico), Asia-Pacific (India, China, Japan, South Korea, and rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa), and Europe (UK, Germany, France, Italy, and rest of Europe).

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KEY BENEFITS FOR STAKEHOLDERS

This report provides an in-depth analysis of the global airbag market, along with current trends and future estimations to identify lucrative investment pockets.

Key drivers, opportunities, and restraints that impact the market are analyzed.

Porter’s Five Forces analysis highlights the potency of buyers and suppliers to facilitate better business decision-making for stakeholders and strengthen their supplier and buyer networks.

Market estimation of geographical regions is based on the current market scenario and future trends.

Airbag Market Key Segments:

BY MODULE: Inflator or Gas Generator, Air Bag

BY TYPE: Front Airbag, Knee Airbag, Side Airbag, Curtain Airbag

By Geography: U.S., Canada, Mexico, Italy, Germany, Spain, Romania, China, Japan, India, Lamea, Latin America, Middle East, Africa.

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Table of content:

CHAPTER 1: INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET OVERVIEW

CHAPTER 4: AIRBAG MARKET, BY FILTER TYPE

CHAPTER 5: AIRBAG MARKET, BY APPLICATION

CHAPTER 6: AIRBAG MARKET, BY DISTRIBUTION CHANNEL

CHAPTER 7: AIRBAG MARKET, BY REGION

CHAPTER 8: COMPANY PROFILES

Similar Related report:

Global Avalanche Airbag Packaging Industry Market Research Report

More summary: https://www.bigmarketresearch.com/global-avalanche-airbag-packaging-industry-market-research-report-market

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