openPR Logo
Press release

Automotive Airbags Market Estimated to Register 4.96% Volume CAGR through 2027

09-22-2017 11:48 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Automotive Airbags Market Estimated to Register 4.96% Volume

Increasing public awareness about vehicle safety is driving necessity for standard fitment in vehicles, coupled with frontal and curtain airbags. Crash tests are being implemented for manufacturers by governments, providing safety benefits to customers. Various safety standards are imposed on vehicles, based on an assessment, for occupant protection, pedestrian protection, and child protection system. These factors will propel growth of the global automotive airbag market, according to a report by Future Market Insights (FMI).

Global Automotive Airbags Market Estimated to Register 4.96% Volume CAGR through 2027

FMI’s report projects the global automotive airbag market to register a healthy 4.96% CAGR, in terms of volume, during the forecast period 2017 to 2027. Global sales of automotive airbags will reach nearly 1500 Mn units in 2017; by 2027 this number is estimated to surpass 2000 Mn units. Consumers across countries such as the U.S. and Canada are getting more knowledgeable and aware about vehicles and driving safety. This has led to rising preference for vehicles comprising all safety equipment, including all types of airbags. Government of Latin America has made it mandatory to install drivers’ and front seat airbags in every new vehicle including light trucks. This is likely to lower the number of accidents and injuries, improving safety. Such factors are expected to drive the market growth.

View and Download TOC of Automotive Airbags Market Research Report@ https://www.futuremarketinsights.com/reports/automotive-airbag-market/toc

In addition, growth of the market is also attributed to other factors including increasing utilisation of curtain airbags, growing demand for high performance luxury vehicles, rising number of road accidents, technology advancements, advanced safety technology, and surging demand for external airbag. However, emergence and adoption of several substitute safety technologies such as advanced seatbelts, and antilock braking system are estimated to restrain growth of the market.

By product type, drivers’ airbags will remain sought-after in the market. Over 500 Mn units of drivers’ airbags are estimated to be sold in 2017. In addition, sales of side airbags are projected to exhibit highest 5.6% CAGR through 2027, followed by curtain airbags and knee airbags. Although sales of passenger airbags will register lowest CAGR in the market, these will continue to be second-most preferred product in the global automotive airbag market.

Sales of Neoprene-coated Airbags to Reach Nearly 100 Mn Units by 2017-End

Neoprene-coated airbags will remain dominant in the market during the forecast period, with sales pegged to reach nearly 1100 Mn units in 2017. Sales of silicone-coated and non-coated airbags are estimated to reach 168 Mn units and 157 Mn units respectively by 2027-end. By yarn type, nylon will continue to remain preferred in the market, expanding at 5.2% CAGR through 2027, in terms of volume.

In terms of value, passenger cars will account for highest share of the market based on vehicle type, and are expected to retain their dominance in the market. In terms of volume, sales of passenger cars are projected to reach nearly 2000 Mn units, expanding at 5% CAGR through 2027. In terms of volume, sales of mid-sized cars are estimated to exhibit highest CAGR in the market. In contrast, luxury cars will continue to account for lowest sales in the market throughout the forecast period.

Request and Download Sample Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-4345

OEM to Remain Preferred Sales Channel for Automotive Airbags

In terms of value as well as volume, OEM will remain preferred sales channel for automotive airbags. Sales of automotive airbags through OEM are expected to surpass 2000 Mn units by 2027-end. In terms of volume, aftermarket is projected to register 4% CAGR through 2027.

North America will continue to be the largest market for automotive airbags, followed by Western Europe and Asia Pacific Excluding Japan (APEJ). Sales of automotive airbags in North America are projected to exceed 500 Mn units by 2027-end. APEJ is anticipated to be the fastest growing market for automotive airbags, expanding at 6.1% CAGR through 2027. In contrast, Middle East & Africa (MEA) and Japan are projected to register sluggish growth in the global automotive airbag market.

Key market players identified in FMI’s report include Autoliv, Inc., Takata Corporation, Daicel Corporation, Denso Corporation, Hyundai Mobis Co. Ltd., Toyoda Gosei Co. Ltd., ZF Friedrichshafen AG, Kolon Industries, Inc., Toray Industries, Inc., Porcher Industries SA, Nihon Plast Co. Ltd., Delphi Automotive PLC, Wacker Chemie AG, Hyosung Co., Toyobo Co., Ltd., HMT (Xiamen) New Technical Materials Co., Ltd., UTT Technische Textilien GmbH & Co. KG, Key Safety Systems, PHP Fibers GmbH, Sumitomo Corporation.

Buy Full Automotive Airbags Market Report@ https://www.futuremarketinsights.com/checkout/4345

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.c

Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705

Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Airbags Market Estimated to Register 4.96% Volume CAGR through 2027 here

News-ID: 734155 • Views:

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute

All 5 Releases


More Releases for CAGR

Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn. Predictive analytics is segmented into: Risk management:
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population. ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and