Robust Growth in Passenger Car Airbag Market (2023-2030): Industry Insights, SWOT Analysis, Market Size, Share, and Key Growth Factors |Netflix, HBO Now, Amazon Prime Video

Passenger car airbag market is expected to grow at a CAGR of 6.5% during the forecast period. As per the International Organization of Motor Vehicle Manufacturers, around 70.5 million cars were produced in 2018 with a slight decrease in total production. The major factor for the growth of the market includes cohesive government regulations, rising customer awareness related to vehicle safety, and increasing disposable income & expenditure on passenger cars by the customers. Vehicle recall is one of the major challenges for the passenger car airbag market in globally as a number of vehicles recalls due to faulty airbag has been observed in the last few years all across the globe which result in an additional cost to the car manufacturer and auto-ancillary companies.

The global passenger car airbag market is divided on the basis of type and vehicle type. By type, the market is further analyzed into front airbag, side airbag, curtain airbag, and knee airbag. The front passenger car airbag segment is expected to have a major market share during the forecast period. By vehicle type, the market is segmented into Hatchback, Sedan, and SUV. Hatchback is expected to show a significant growth rate during the forecast period.

By geography, the global passenger car airbag market is segmented into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific is expected to have the largest market share with significant growth during the forecast period. Countries such as China, India, Japan, South Korea, Vietnam, are one of the major manufacturers of automotive globally. Asia-Pacific is expected to be followed by Europe. In Europe, countries such as Germany, Spain, and France will contribute significantly to the market. In the Rest of the World, Brazil is expected to be a major contributor to the market.

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Passenger Car Airbag Market Segmentation

By Type

Front Airbag
Side Airbag
Curtain Airbag
Knee Airbag
By Vehicle Type

Hatchback
Sedan
SUV
A full Report of Passenger Car Airbag Market is Available @ https://www.omrglobal.com/industry-reports/passenger-car-airbag-market

Regional Analysis

North America

United States
Canada
Europe

UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific

India
China
Japan
South Korea
Rest of APAC
Rest of the World

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.
Global Safety Textiles, LLC
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