India Airbag Market COVID-19 Impact Analysis and Industry Forecast Report 2029

Airbag Market is anticipated to reach USD 6.92 Bn by 2027 from US$ 2.98 Bn in 2021 at a CAGR of 12.8 % during a forecast period.

Airbag Market Report Scope and Research Methodology

The comprehensive analysis report offers valuable insights into the dynamics, trends, and future prospects of the Airbag industry during the forecast period. It covers key market drivers, challenges, and recent developments, along with demand trends, growth stimulators, spending patterns, and modernization trends across different regions.

The research is based on extensive research and analysis, incorporating inputs from industry experts, government agencies, and market participants, providing a reliable and accurate assessment of the market dynamics and future trends.

Know More About The Report: https://www.maximizemarketresearch.com/market-report/india-airbag-market/42264/

What are Airbag Market Dynamics?

India is a significant player in the global automotive market, with approximately 5.2 million vehicles produced in 2018. The country remains a preferred choice for automotive giants and auto-component manufacturers, owing to factors such as the availability of cost-effective skilled labor, robust R&D centers, and economical steel manufacturing. Additionally, in compliance with government regulations, several companies have collaborated with local car manufacturers for vehicle exports.

The introduction of stringent vehicle safety standards and regulations in India is a major driver for the airbag market. Furthermore, the increasing number of road accidents is expected to fuel market growth throughout the forecast period. The demand for a safer driving experience is set to drive market expansion. Although the demand for airbags dipped during the COVID-19-induced slowdown in automobile manufacturing, it is expected to rebound as India implements new regulations.

While airbags enhance vehicle safety, they also contribute to increased vehicle costs. High upfront expenses and costly replacement costs hinder the Indian automotive airbag industry. Moreover, airbags are classified as non-recyclable materials under the Government of India's (GOI) end-of-life vehicle (EVL) disassembly and recycling guidelines, making them non-sustainable and wasteful of resources.

Airbag Market Segmentation?

By Airbag Type, the curtain airbags segment within the automobile airbag and seatbelt industry is experiencing rapid growth. Positioned on the roof above the side window, seat, or door, curtain airbags protect adults' heads during collisions and have been shown to reduce the risk of driving fatalities by 45%. In recent years, pedestrian airbags have also gained popularity, deploying when a car is about to collide with a pedestrian. Rising income levels and increased safety awareness are expected to drive this market during the forecast period.

By Demand Category, the OEMs segment is projected to grow at the fastest CAGR during the forecast period. Automotive OEMs are expected to offer cost-effective airbags in India's price-sensitive market to tap into the untapped segment. However, the rising cost of airbags may increase vehicle prices, exerting pressure on OEM margins and driving cost-cutting measures within the value chain.

Please connect with our representative, who will ensure you to get a report sample here @ : https://www.maximizemarketresearch.com/request-sample/42264

Who are Airbag Market Key Players?

• Autoliv Inc.
• Takata Corporation
• ZF India Pvt. Ltd.
• Denso Corporation
• Joyson Safety Systems
• Robert Bosch GmbH
• Toyoda Gosei Co. Ltd.
• Hyundai Mobis Co.
• Nihon Plast
• Ashimori
• East Joy Long
• Rane TRW Steering Systems Limited
• MOBIS India Limited
• Bosch Limited
• Continental India Private Limited
• Daicel Chiral Technologies India Private Limited

Table of content for the Airbag Market includes:

Part 01: Executive Summary

Part 02: Scope of the Airbag Market Report

Part 03: India Airbag Market Landscape

Part 04: India Airbag Market Sizing

Part 05: India Airbag Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

For more Information Click Here @ : https://www.maximizemarketresearch.com/request-sample/42264

Regional Insights:

The India Airbag market encompasses regions like North America, Asia Pacific, Europe, Middle East and Africa, and South America. Each region plays a significant role in shaping the market. For instance, the North America Military Land Vehicle Market is experiencing a rise in demand for electric vehicles, driven by the adoption of electric and zero-emission vehicles for the non-tactical fleet of the U.S. military. The Asia Pacific region, on the other hand, is witnessing strong investments in Airbag to bolster military capabilities.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
Related Reports:

India Hotels Market: https://www.maximizemarketresearch.com/market-report/india-hotels-market/52799/

India Liquefied Petroleum Gas Market: https://www.maximizemarketresearch.com/market-report/india-liquefied-petroleum-gas-market/45105/

India NonLife Insurance Market: https://www.maximizemarketresearch.com/market-report/india-non-life-insurance-market/42091/

India Refrigerator Market: https://www.maximizemarketresearch.com/market-report/india-refrigerator-market/111015/

India Sanitary Napkin Market: https://www.maximizemarketresearch.com/market-report/india-sanitary-napkin-market/29855/

India Sports Apparel Market : https://www.maximizemarketresearch.com/market-report/india-sports-apparel-market/77721/

India Water Purifier Market: https://www.maximizemarketresearch.com/market-report/india-water-purifier-market/20066/

Indian Food and Beverages Market: https://www.maximizemarketresearch.com/market-report/indian-food-and-beverages-market/29426/

Indian Paper & Pulp Market: https://www.maximizemarketresearch.com/market-report/indian-paper-pulp-market/29044/

Inductor Market: https://www.maximizemarketresearch.com/market-report/global-inductor-market/24598/

Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

sales@maximizemarketresearch.com

+91 96071 95908, +91 9607365656

About Maximize Market Research:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

This release was published on openPR.