UK Passenger Car Airbag Market will experience a noticeable growth during the forecast period 2019-2025: Orion Market Reports

UK passenger car airbag market is forecast to have a modest growth at a CAGR of around 5.5% during the forecast period. As per the International Organization of Motor Vehicle Manufacturers, the country produced around 1.5 million passenger cars in 2018 out of a total of 1.6 million vehicles. Some of the major factors for the growth of the market include the high purchasing power of the people, awareness among people related to road safety and so on.

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There are more than 30 OEMs in the country supported by more than 2,500 component providers. Some major car manufacturer of the UK includes Aston Martin, Bentley, Caterham Cars, Daimler, Jaguar, Land Rover, McLaren, Mini, and Rolls-Royce. Some other car manufacturers active in the country include Honda, Nissan, Toyota, Ford, and Leyland Trucks. Vehicle recall is one of the major challenges for the passenger car airbag market. As per the Driver and Vehicle Standards Agency, in November 2019 there were around 1.7 million vehicles with faulty airbag install in the country's vehicle. It includes various automakers including BMW, Jaguar Land Rover, and Volkswagen.

The UK passenger car airbag market is divided on the basis of type and vehicle type. By type, the market is further segmented into front airbag, side airbag, curtain airbag, and knee airbag. The front airbag segment is expected to have a major market share during the forecast period. In addition to this, knee and curtain airbags will have a significant growth rate during the forecast period. By vehicle type, the market is segmented into hatchback, SUV, and Sedan.

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UK Passenger Car Airbag Market-Segmentation

By Type
o Front Airbag
o Side Airbag
o Curtain Airbag
o Knee Airbag

By Vehicle Type
o Hatchback
o Sedan
o SUV

Company Profiles
o Autoliv Inc.
o Continental AG
o Daicel Corp.
o Delphi Automotive PLC
o DENSO Corp.
o Hyundai Mobis Co., Ltd.
o Key Safety Systems, Inc.
o NXP Semiconductors N.V.

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