Press release
Global Air Bag Market Research and Analysis, 2015-2022
Air bag Market, Size, Share, Market Intelligence, Company Profiles, Market Trends, Strategy, Analysis, Forecast 2015-2022AIR BAG MARKET INSIGHTS:
The Air Bag market is anticipated to witness an impressive growth rate with a CAGR of 6.3% during 2017-2022. The pivotal factors contributing in the growth of Air Bag Market includes rising road accident, increased awareness of safety, introduction of new technology, increase in purchasing power of customer and government regulations. Approximately, 72 million cars were sold globally in 2016 & in US and Europe all cars have airbag as safety equipment. & in China & Japan more than 70% vehicle have airbag as safety equipment.
Increasing awareness toward road safety and growth in automobile market are major drivers for the global airbag market. Enhancing R&D efforts and growth of luxury car market are also contributing to the growth of airbag market. The airbag market depends on the production of the automobile especially on luxurious car market. According to OICA in 2016, around 72.1 million cars were manufactured globally which was increased by 6.5% from 2014. Introduction of airbag in 2-wheelers, increased safety features in airbag as compare to older one are the major are anticipated to further drive the global airbag market. Takata Bankruptcy is also the one major topic taken insight at the time of market research. The increase in the cost of vehicle, replacement cost, high exit barrier for company is anticipated to hamper the growth of the global airbag market.
Increasing awareness toward road safety and growth in automobile market are major drivers for the global airbag market. The airbag market depends upon the production of the automobile especially on luxurious car market. According to OICA in 2016, around 72.1 million cars were manufactured globally which was 6.5% more than 2014. Enhancing R&D efforts to increase safety features in airbag as compare to older one, growth of luxury car market, introduction of the airbag in new segments (2-wheeler, helmet) are also seen as the opportunities for airbag market. The increase in the cost of vehicle, replacement cost, and high exit barrier for company is anticipated to hamper the growth of the global airbag market. In June17 Takata Corp. had to file bankruptcy because of the recall of more than 100 million airbag worldwide. As Takata Corp. is among top 3 manufacturer of the airbag globally therefore this event was also taken into consideration during market research.
GEOGRAPHICAL INSIGHTS:
The global Airbag market can be geographically segregated into Europe, North America, Asia Pacific and Rest of the World. In current scenario, APAC dominates the global air bag market in terms of revenue. Main countries contributing in the vehicle market are China; Japan, India, South Korea & Thailand.
Also the APAC region is expected to be the fastest growing region mainly because of the China’s automotive industry. At present China is the leading exporter of the vehicle in the world and shares about 33% of the total global production. China produces 24.4 million cars in 2016 only which was 22.6% (19 million in 2014) more than 2014. China is further expected to be the biggest exporter as the manufacturing cost is low and most of the big automotive players increasing their investment in the in the country. Key drivers for China automotive market is its vast population, reduction in purchase tax on automobile in 2015 and available vast range of variants. Apart from China; Japan and India are also big markets for airbag. Car market of India and Japan combinedly manufactured 11.4 cars in 2016 which is about 15% of the global market.
Europe & North America will also contribute significantly after APAC region in airbag market. Strict safety norms, high purchasing power, developed economy and awareness toward the safety are the key drivers for the regional market. In Europe about 17 million (20% of global market) cars were manufactured in 2016 in Europe. Germany, Spain, France & UK are the key markets. In North America, U.S. and Canada are the major market which manufactured 4.7 million cars in 2016. Moreover, extensive research activities are being conducted within the region which is anticipated to be a vital growth factor during the forecasted period.
The report includes detailed market overview, market determinants, company profiling, sector analysis, market segmentation, geographical analysis, patent analysis, strategic recommendations, key company analysis, key findings, market estimations, market insights, analyst insights and predictive analysis of the market.
Competitive Insights:
Key players of the airbag market include Swedish company Autoliv, Japanese company Takata, German company ZF-TRW and Japan’s Daicel. The market players are adopting the strategy of tie-ups with universities and research institutes that work on safety technologies. In June 2017, Takata Corp. a big player in air bag industry has announced the bankruptcy because of the fault in more than 100 million airbags all over the world including 69 million in U.S. This incident will be a major impact on all corporates for their future expansion and growth plans.
Market Segments
1. Airbag by Type
1.1.1. Front Airbag
1.1.2. Side Airbag
1.1.3. Curtain Airbag
1.1.4. Kneel Airbag
1.1.5. Rear Airbag
2. Vehicle Segment
2.1. Passenger Cars
2.1.1. Hatchback
2.1.2. Sedan
2.1.3. SUV
2.2. Sports Car
2.3. Commercial Vehicle
2.3.1. LCV & MCV
2.3.2. Buses
2.3.3. Trucks
At OMR we strive to deliver quality reports that are based on a 360 degree analysis of the market factors. We provide qualitative and quantitative analysis of the market. We serve clients from 16 different domains which includes healthcare, biotechnology, chemical, agriculture and information technology. We work to add more to our array of clients, services and products. At the moment OMR provides 4 services:
Industry Reports,
Consulting,
Custom Reports,
Company Profiling.
Automobiles industry has witnessed consistent growth throughout 20th and 21st century. An industry with great profitability and opportunities attracts a large number of buyers annually. Global sales of cars and two-wheelers have reached all time heights due to need for commutation and growing per capita purchasing power in emerging economies. The major segments in automobiles market includes cars, multi-utility vehicles, motorcycles, three-wheelers, trucks, hybrid vehicles and other automobiles. Advances in technology, manufacturing facilities and R&D is transforming the industry and adding new possibilities to new entrants Our reports also cover the market for equipment and parts for automobiles. At OMR, we provide you in-depth analysis of the automobiles market, which includes analysis of government regulation, such as tax, export import policies,
CORPORATE OFFICE:
Orion Market Research Pvt Ltd
116, Shagun Arcade
Indore, Madhya Pradesh
India- 452010
Email: info@omrglobal.com
Phone No. +91-731-4958007
Mobile No. +917803040404
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 Global Air Bag Market Research and Analysis, 2015-2022 here
News-ID: 876589 • Views: …
More Releases from Orion Market Research

Orthopedic Surgery Software Market Size Future Scope, Demands and Projected Indu …
In 2023, the global Orthopedic Surgery Software Market was valued at approximately USD 409 million, and by 2033, it is projected to reach roughly USD 650 million, reflecting an estimated compound annual growth rate of around 5.5% from 2024 to 2033.
Orthopedic Surgery Software Market Overview
The Orthopedic Surgery Software Market is steadily expanding as healthcare providers increasingly leverage specialized digital tools-such as preoperative planning platforms, orthopedic-specific EHRs, PACS, and practice management…

Iron Ore Mining Market Development, Industry Trends, Demand and Growth Analysis …
In 2023, the Iron Ore Mining Market was valued at around USD 420 billion, and by 2033, it is anticipated to reach approximately USD 655 billion, reflecting a CAGR of about 4.5% from 2024 to 2033.
Iron Ore Mining Market Overview
The Iron Ore Mining Market is foundational to global steel production, underpinning industries like construction, infrastructure, automotive, and manufacturing. Fueled by ongoing industrialization-especially in rapidly urbanizing regions-this sector is experiencing steady…

Digital Mental Health Market By Application Analysis, Regional Outlook, Competit …
In 2023, the Digital Mental Health Market was valued at about USD 20.3 billion, and by 2033, it is projected to reach around USD 100 billion, reflecting a compound annual growth rate of roughly 16 percent from 2024 to 2033.
Digital Mental Health Market Overview
The Digital Mental Health Market is experiencing robust expansion as digital platforms-such as mobile applications, teletherapy tools, AI-powered chatbots, and cloud-based services-become integral in delivering accessible and…

Data Center Robotics Market Comprehensive Research Study, Business Overview and …
In 2023, the global Data Center Robotics Market was valued at approximately USD 12.2 billion, and by 2033, it is anticipated to reach around USD 86.9 billion, reflecting a compound annual growth rate (CAGR) of about 21.7% from 2024 to 2033.
Data Center Robotics Market Overview
The Data Center Robotics Market is undergoing explosive expansion as automation becomes integral to managing increasingly complex and large-scale data center operations. Robotic systems are now…
More Releases for Air
Thermoelectric Assemblies Market, By Type (Air to Air, Direct to Air, Liquid to …
The thermoelectric assemblies market is expected to witness market growth at a rate of 8.25% in the forecast period of 2021 to 2028. Data Bridge Market Research report on thermoelectric assemblies market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the application of thermoelectric assemblies in the food and beverage industry…
Air Medical Services Market 2019 Development Status - EMS 24-7, Air Methods, PHI …
Global Air Medical Services Market 2019 by Company, Regions, Type and Application, Forecast to 2024 offers a stronger and effective business outlook. The report deals with a complete overview of Air Medical Services market which comprises definitions, a wide range of statements and an entire chain structure. The report delivers an in-depth analysis of different attributes of industries such as trends, developments, policies, and clients operating in different regions. The…
Air Ambulance Services Market 2019 AMR PHI Air Medical Scandinavian Air Ambulanc …
Air medical services is a comprehensive term covering the use of air transportation, airplane or helicopter, to move patients to and from healthcare facilities and accident scenes. Personnel provide comprehensive prehospital and emergency and critical care to all types of patients during aeromedical evacuation or rescue operations aboard helicopter and propeller aircraft or jet aircraft.
Request a Sample of this Report @ http://www.orbisresearch.com/contacts/request-sample/2398576 …
Air Ambulance Services Market 2026: Air Methods Corporation, Deccan Charters, Sc …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
Publisher’s Air Ambulance Services market research report provides the newest industry data and industry future trends, allowing you to identify the products and…
Air Ambulance Services Market Growth, & Key Business Strategies by Leading Indus …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
This report studies the global Air Ambulance Services Speaker market, analyzes and researches the Air Ambulance Services Speaker development status and forecast in…
Air Ambulance Services Market Analysis Report, Regional Outlook with Key Players …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
This report studies the global Air Ambulance ServicesSpeaker market, analyzes and researches the Air Ambulance Services Speaker development status and forecast in North…