Skip to main content

Automotive Airbag Market Emerging Growth Analysis, Future Demand and Business Opportunities 2031

 ESOMAR-certified consulting firm Future Market Insights’ report on global automotive airbag market project a steady growth at 3.60% CAGR over the forecast period of 2021 and 2031. Growing usage of curtain airbags is increasing the demand for automotive airbags across the globe.

Demand for automotive airbags is rising extensively in emerging economies as the consumers in these regions are becoming more aware for the vehicle safety. Burgeoning sales of passenger vehicles across the globe have also augmented the demand of automotive airbags.

Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4345

As per the FMI’s analysis, due to the outbreak of coronavirus, sales of automotive airbags declined by -8% in 2020. However, recovery in automotive industry and recommencement of automotive production & manufacturing companies across the globe have improved the market growth.

Government increasing funding and initiatives towards the safety of vehicles have compelled the manufacturers to increase the usage of curtain airbags in all types of vehicles. Stringent regulations for the vehicle safety across the U.S., Germany, India and the U.K. is also expected to improve the adoption of automotive airbags over the coming years.

According to the FMI’s analysis, the global automotive airbags market reached a valuation of US$ 18.5 Bn, registering the sales of 370 Mn automotive airbags units in 2021.

Key Takeaways from FMI’s Automotive Airbag Market Study

  • By vehicle type, passenger cars will emerge as primary automotive airbag end-users, accounting for 77% market share.
  • In terms of sales channel, original equipment manufacturers segment is likely to emerge as the most lucrative segment
  • In terms of yarn type, Nylon-based airbags are the most preferred choice due to their better physical properties as compared to the polyester based airbags
  • Neoprene coated airbags will account for more than 70% of global market share during the forecast period
  • Japan and South Korea will collectively account for over 16% of global market share over the forecast period
  • Germany and the U.K. are anticipated to lead the Europe’s automotive airbag market, exhibiting the growth at 3.50% CAGR

“Increasing adoption of passenger cars and inclusion customized curtain airbags in vehicles are broadening expansion prospects for the market players. Technological advancement and high investment in research & development activity for the development of advanced airbags safety systems will create lucrative opportunity for the growth of the market,” says the FMI analyst. 

Download PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-4345

Competitive Landscape

Autoliv Inc., Toyobo Co. Ltd., Takata Corp., Hyosung Co., Daicel Corp., Wacker Chemie AG, Denso Corp., Delphi, Hyundai Mobis Co. Ltd., Nihon Plast Co. Ltd., and Toyoda Gosei Co. Ltd are some prominent players operating in the automotive airbag market.

As per the FMI’s analysis, the market is consolidated with top 5 players dominating the automotive airbag market, accounting for over 70% of market share. Top 5 players include, Autoliv, ZF, Toyoda Gosei, Joyson Safety Systems, and Nihon Plast.

Automotive airbag Market by Category

By Vehicle Type:

  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

By Product Type:

  • Driver Airbag
  • Passenger Airbag
  • Side Airbag
  • Curtain Airbag
  • Knee Airbag
  • Other Airbags

By Coating Type:

  • Neoprene
  • Silicone
  • Non-Coated

By Yarn Type:

  • Nylon
  • Polyester

By Sales Channel:

  • Original Equipment Manufacturers (OEMs)
  • Aftermarkets

By Region:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific excluding Japan
  • Japan
  • Middle East and Africa (MEA)

Pre-Book Report @ https://www.futuremarketinsights.com/checkout/4345

Key Points Covered in Automotive Airbag Market Study

  • Market estimates and forecast 2021-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Automotive Airbag Market and How to Navigate
  • Recommendation on Key Winning Strategies

Top Reports Related To Automotive Market Insights

Automotive Pump Market : The automotive pump market is expected to witness a significant growth in 2021, thanks to the implementation of various carbon emission norms across various countries. A study by Future Market Insights (FMI) on automotive pump market has forecast it to reach US$ 106.0 Mn by the end of 2031, growing at a CAGR of 6.1% over the forecast years (2021-2031).

Aircraft Cabin Interior Market : According to Future Market Insight’s (FMI), the global aircraft cabin interior market is forecast to grow at 2.70% in 2021, overcoming the uncertainty about market recovery and performance during a global pandemic. FMI also predicts that the aircraft cabin interior market will exceed the overall market valuation of US$ 14.5 Bn by the end of 2021.

Electric Bike Market : FMI delivers key insights on the global electric bike market in its latest report titled “Electric Bike Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027.” The long-term outlook on the global electric bike market remains positive with the market value expected to increase at a CAGR of 3.1% during the forecast period (2017-2027).

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/automotive-airbag-market
Press Release Source: https://www.futuremarketinsights.com/press-release/automotive-airbag-market

Comments

Post a Comment

Popular posts from this blog

Frozen Foods Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2032

 The Frozen Foods Market has experienced a significant transformation in recent years and continues to be a prominent and dynamic segment of the global food industry. As we move into 2033, this market remains a crucial part of modern lifestyles, offering a wide variety of convenient and preserved food options for consumers. The growth of the Frozen Foods Market is fueled by changing consumer preferences, technological innovations, and an ever-increasing demand for convenient, time-saving, and nutritious meal solutions. In 2033, the Frozen Foods Market is expected to continue its upward trajectory, as more consumers seek the benefits of frozen products. This market encompasses an extensive range of items, from frozen vegetables and fruits to ready-to-eat meals, appetizers, and desserts. The versatility and extended shelf life of frozen foods have made them an essential staple in many households. Consumers are drawn to the convenience of having quick, easy-to-prepare, and
Post a Comment
Read more

Automotive Filters Market Share and Growth Factors Impact Analysis 2029

 The global automotive filters market is expected to experience significant growth over the forecast period, due to the increasing demand for advanced automotive systems and the rising demand for fuel-efficient and eco-friendly vehicles. Automotive filters are used to remove contaminants, such as dust, dirt, and debris, from the air, oil, and fuel in a vehicle. The market is segmented based on type, vehicle type, and region. Based on type, the market is divided into air filters, oil filters, fuel filters, and others. The air filter segment is expected to dominate the market, due to the increasing demand for advanced air filtration systems in vehicles. Based on vehicle type, the market is classified into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger cars segment is expected to dominate the market, due to the increasing demand for passenger cars and the increasing adoption of advanced filtration systems in passenger cars. Geographi
Post a Comment
Read more

Iris Biometrics Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2032

 The Iris Biometrics Market stands as a testament to the ever-evolving landscape of biometric technology, offering a unique and highly secure method of identity verification and authentication. The iris, with its intricate and individualistic patterns, has captured the attention of both security experts and technology developers as a reliable means of confirming one's identity. This market has gained prominence across various industries, ranging from border control and law enforcement to access control systems in government institutions, corporate offices, and even consumer devices. The market's growth is fueled by the increasing need for robust identity verification solutions in a world where security breaches and identity theft are becoming more prevalent. Unlike traditional authentication methods such as passwords and PINs, iris biometrics offer a high level of security and accuracy, as the iris pattern is virtually impossible to replicate. The technology prov
Post a Comment
Read more