India Car Airbag Market To Collect Hugh Revenues Due To Growth In Demand

Market Values:

The India Car Airbag Market is poised to reach US$ 2.23 Bn by 2026, exhibiting a steady CAGR of 2.2% during the forecast period.

Report Scope:

The report provides a comprehensive analysis of the India Car Airbag Market, including market dynamics, impact of COVID-19 on key players, and short-term and long-term strategies. Decision-makers can utilize the report to prepare outlines for strategic planning based on regional and segment-wise impacts.

Research Methodology:

Our research methodology involves detailed data acquisition from diverse sources, including company reports, government websites, and statistical agencies. Rigorous processing and validation, along with consultations with industry stakeholders, enhance the precision and credibility of our findings. The report aids in understanding emerging market trends, drivers, restraints, opportunities, and challenges at regional and state levels.

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India Car Airbag Market Dynamics

Drivers:

Surge in Demand Due to Rising Accidents and Government Mandates

The increase in accidents has propelled the demand for passenger car airbags across India. Government mandates requiring airbag installation in all cars contribute to the surge in demand. New models launched after October 2017 are subjected to crash tests, with manufacturers making airbags and ABS (anti-locking braking system) standard post-October 2018. Government focus on enhancing safety standards in Indian cars drives significant growth in the airbag market.

Government Initiatives for Safety Standards

In response to crash test failures of popular models in India, the government introduced the Bharat New Vehicle Safety Assessment Program (BNVSAP) in 2013. The program ensures crash tests for new models and mandates ABS in all new models with engines above 125cc from April 2018. The deadline for existing models is set for April 2019.

The India Car Airbag Market dynamics, trends, and government initiatives are comprehensively explained in the report, providing insights into market growth.

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India Car Airbag Market Segmentation:

The report segments the India Car Airbag Market based on airbag type, including front airbag, side airbag, curtain airbag, and knee airbag. The dominance of front airbags is highlighted due to their installation in the steering wheel and front sides for chest and head protection.

India Car Airbag Market, by Vehicle Type:

• Passenger Cars.
• Commercial Vehicles.

India Car Airbag Market, by Airbag Type:

• Front Airbag
• Knee Airbag
• Side Airbag
• Curtain Airbag

India Car Airbag Market, by Material Type:

• Nylon 66
• Polyster

India Airbag Market, by Demand Category:

• OEM
• Aftermarket

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Competitive Landscape: Key Players Driving Industry Evolution

The India Car Airbag Market features a substantial number of players, focusing on technological advancements. The report covers in-depth analysis of market leaders, followers, and new entrants, shedding light on strategic alliances, mergers, acquisitions, and industry developments. Key players include Takata, Autoliv, TRW, Toyoda Gosei, and others.

• Takata
• Autoliv
• TRW
• Toyoda Gosei
• Delphi Automotive
• Robert Bosch GmbH
• Denso Corporation
• Continental AG
• Key Safety Systems
• Hyundai Mobis Co. Ltd
• Autoliv India Private Limited
• Rane TRW Steering Systems Limited
• Mobis India Limited
• Ashimori India Private Limited
• Daicel Chiral Technologies India Private Limited
• Hyosung Corporation India Private Limited
• Porcher Industries
• Toray Industries India Private Limited.
• ZF Friedrichshafen

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Table of content for the India Car Airbag Market includes:

Part 01: Executive Summary

Part 02: Scope of the India Car Airbag Market Report

Part 03: Global India Car Airbag Market Landscape

Part 04: Global India Car Airbag Market Sizing

Part 05: Global India Car 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

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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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