Asia-Pacific Passenger Car Airbag Market Sluggish Growth Rate Foreseen by 2019-2025

Asia-Pacific will be the leader in the global passenger car airbag market and is expected to grow at a CAGR of 7.3% during the forecasted period. Some of the key factors for the growth of the market include significant vehicle sales in the region during the forecast period, and high vehicle exports by the countries including China, Japan, South Korea, and India. In addition, cohesive government regulation, adoption of the New Car Assessment Program, rising awareness of customers are among the major factor for the growth of the market.

The market is divided based on type and vehicle type. By type, the market is further segmented into front airbag, side airbag, curtain airbag, and knee airbag. The front airbag is expected to have a significant market share during the forecast period, owing to strict government regulations and rising consumer awareness. Knee airbag and curtain airbag will have a significant market growth with a small market share during the forecast period. By vehicle type, the market is segmented into Hatchback, Sedan, and SUV. The hatchback segment is expected to have a major market share during the forecast period.

(Get 15% Discount on Buying this Report)

To Request a Sample of our Report on Asia-Pacific Passenger Car Airbag Market: https://www.omrglobal.com/request-sample/asia-pacific-passenger-car-airbag-market

Geographically, the market is segmented into China, Japan, India, and Rest of Asia-Pacific. China is expected to have a major market share, as the country is the largest manufacturer of vehicles globally. As per the International Organization of Motor Vehicle Manufacturers, the country has produced around 23.5 million passenger cars in 2018. It is followed by Japan with 8.36 million and India with 4 million passenger cars respectively in 2018. Another major passenger car manufacturer includes South Korea with the production of around 3.6 million passenger cars in 2018.

Asia-Pacific Passenger Car Airbag Market Segmentation

By Type

· Front Airbag

· Side Airbag

· Curtain Airbag

· Knee Airbag

By Vehicle Type

· Hatchback

· Sedan

· SUV

Regional Analysis

· China

· Japan

· India

· Rest of APAC

A full Report of Asia-Pacific Passenger Car Airbag Market is Available at: https://www.omrglobal.com/industry-reports/asia-pacific-passenger-car-airbag-market

Company Profiles

· Ashimori Industry Co., Ltd.

· Autoliv Inc.

· Continental AG

· Daicel Corp.

· DENSO Corp.

· Hyundai Mobis Co., Ltd.

· Key Safety Systems, Inc.

· Nihon Plast Co., Ltd.

· NXP Semiconductors N.V.

· Robert Bosch GmbH

· Toyoda Gosei Co., Ltd.

· TRW Automotive Holdings Corp.

Reasons to Buy from us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.

2. More than 120 countries are for analysis.

3. Over 100+ paid data sources mined for investigation.

4. Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

This release was published on openPR.