Press release
Automotive Curtain Airbags Market Is Expected To Reach US$ 358.4 Million By 2032
Worldwide sales of automotive curtain airbags are valued at US$ 206.8 million in 2022, and the market is forecast to expand at a CAGR of 5.6% to reach US$ 358.4 million by 2032.The Automotive Curtain Airbags Market survey report is a comprehensive analysis of arcade structure along with future insights on the various segments in the industry. Additionally, it contains thorough profiles of the principal importers and manufacturers who are impacting the industry. The report's analysis of a number of important elements will aid the reader in understanding the business. The study includes all of the market shares and strategies of significant market participants. The competitive landscape is analyzed in the global Automotive Curtain Airbags Market based on the top manufacturers, trends, opportunities, marketing strategies analysis, market effect factor analysis, and consumer needs while taking into account the industry's past, present, and future conditions.
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This research also pays attention to the classification, engagement, applications, and market trends along with the major growth drivers. Moreover, this research focuses on emerging trends and recognizes challenges and opportunities in the Automotive Curtain Airbags Market. The detailed evaluation of CAGR, Market size is done by our analysts intended to give a precise picture of the market. This report refers to 2022 as the base year and the forecast window for this research is from 2023 to 2032. Recent developments and the competitive landscape is covered in this report making it further too detailed and useful for maintaining a competitive edge over other.
This newly published and insightful report sheds light on Market Insights of Automotive Curtain Airbag, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Automotive Curtain Airbag Market.
The scope of the report is to analyze the global automotive curtain airbag market for the period 2017-2022 and give readers an accurate, unbiased analysis. Automotive curtain airbag manufacturers, suppliers, and stakeholders in the overall automotive market can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines.
Overview
The next section is an overview of the global automotive curtain airbag market. This includes the introduction to the market and a standard definition of the product - automotive curtain airbag. In this section, year-over-year growth and market value is offered to readers. Year-over-year growth gives readers a broader picture on growth patterns during the forecast period.
The next section of the report offers a thorough description of the latest macroeconomic factors that have a bearing on the global automotive curtain airbag market. Considering the interconnectedness of the automotive curtain airbag market to global automotive market and, in general, the global economy, readers will get valuable insights on how international developments impact this market.
Growing demand for security devices in vehicles has led to an upsurge in demand for the airbags in the automotive industry globally. In addition, government in various countries have imposed regulations regarding security devices in the automotive industry. These factors are expected to contribute towards growth of the global automotive curtain airbag market positively. A recently compiled report by Fact.MR reveals that the global market of automotive curtain airbag is projected to register a CAGR of 5.5% over the forecast period, 2017-2022.
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Factors Fuelling Growth of the Global Market
Growth of the global market of automotive curtain airbag is bound to several macro and micro economic factors. Demand for strong automotive curtain airbags is mainly concentrated in the transportation, automotive and healthcare industry. Frictional resistance, wear and tear of the vehicles, and complex design of the vehicles result in the unexpected accidents globally. Attributed to unexpected accidents, the passengers could injure their necks and knees. Manufacturers prefer coating the airbags integrated in the vehicles with neoprene coating to ensure that the security devices are strong and resistant to heat. The automotive curtain airbag will continue to witness considerable adoption attributed to increasing demand for security devices in the vehicles.
Moreover, government in several countries have imposed legislations regarding the security devices in the vehicles. As the government has imposed legislations regarding the security devices in the automotive industry, manufacturers are integrating advanced features in order to ensure security of the passengers during an unexpected accident.
With surge in technological development, consumers prefer opting for automotive that are integrated with devices that ensure the safety and security of the passengers. Vehicles equipped with security devices offer secure, and flexible transportation system to the customers. These factors are likely to contribute towards growth of the global market of automotive curtain airbag positively.
Neoprene to Represent a Dominant Segment
Increasing demand for curtain airbags that are strong and resistant to ozone, oil, chemicals, and heat has led the manufacturers to coat airbags with neoprene. Sales of neoprene airbags is likely to remain high as compared to the other types of coating in the global market. Currently, the neoprene coat type segment is projected to represent around US$ 50 Mn by 2022-end.
Nylon is projected to represent a significant revenue growth as compared to other yarns available in the global market. The nylon yarn type segment is projected to represent more than US$ 40 Mn in the global market by 2017-end. The nylon segment is projected to reflect a relatively high CAGR in the global market of automotive curtain airbag through 2022.
By sales channel, sales of the automotive curtain airbags is projected to remain high through the OEM sales channel. The OEM segment is projected to represent more than US$ 50 Mn by 2017-end. However, sales of automotive curtain airbags continue to witness relatively faster growth through the aftermarket channel globally.
Mid-sized passenger cars is likely to sell more than the other vehicle in the global automotive curtain airbag market. The mid-sized passenger cars vehicle type segment is projected to represent around US$ 15 Mn by 2022-end. On the other hand, the compact passenger car is projected to reflect a relatively high CAGR in the global market through 2022.
Market Players
Major players in the global market of automotive curtain airbag are Takata Corporation, Autoliv, Inc., Denso Corporation, Daicel Corporation, Toyoda Gosei Co. Ltd., Hyundai Mobis Co. Ltd., Kolon Industries, Inc., ZF Friedrichshafen AG, Delphi Automotive PLC, and Toray Industries, Inc.
Market Taxonomy
Region
• North America
• Latin America
• Europe
• Japan
• APEJ
• MEA
Coating Type
• Neoprene Coated
• Silicone Coating
• Non-Coated
Yarn Type
• Nylon type
• Polyester type
Sales Channel
• OEM
• Aftermarket
Vehicle Type
• Compact Passenger Cars
• Mid-sized Passenger Cars
• Premium Passenger Cars
• Luxury Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
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Key Question answered in the survey of Automotive Curtain Airbag market report:
• Sales and Demand of Automotive Curtain Airbag
• Growth of Automotive Curtain Airbag Market
• Market Analysis of Automotive Curtain Airbag
• Market Insights of Automotive Curtain Airbag
• Key Drivers Impacting the Automotive Curtain Airbag market
• Which are the Key drivers impacted by Automotive Curtain Airbag market
• Restraints Shaping Market Growth
• Market Survey of Automotive Curtain Airbag
More Valuable Insights on Automotive Curtain Airbag Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Automotive Curtain Airbag, Sales and Demand of Automotive Curtain Airbag, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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