Automotive airbags
are, at present, installed mostly in medium and luxury range cars (in
terms of price). However, heavy investments in developing cheaper
airbags that still meet the safety standards is a major factor
boosting the automotive airbag market, according to Transparency
Market Research. A recent report, titled “Automotive Airbag Market
- Global Industry Analysis, Size, Share, Growth, Trends and Forecast
2014 - 2020”, indicates that registering an 8.1% CAGR from 2014 to
2020, the global automotive airbag market is estimated to grow from
US$17.24 billion in 2013 to US$29.72 billion by 2020.Rising demand
for consumer safety, backed by strict government regulations
regarding the installation of airbags are the primary forces driving
the global automotive airbag market. In addition, the production of
cars around the world is at an all-time high, further fueling the
market for automotive airbags. However, the durability of cheaper
airbags that can be deployed in low-cost cars continues to be a major
challenge for the market. On the basis of type, the automotive airbag
market is categorized into side airbag, front airbag, curtain airbag,
and knee airbag. Of these, front airbags held the largest share of
the overall automotive airbag market.
Browse The Market
Research Report of Automotive Airbag Market :
By region, the
global automotive airbag market is divided into North America,
Europe, Asia Pacific, and Rest of the World. Among these, Asia
Pacific led the market in 2013 with the largest share. In addition,
the region is also estimated to be the most rapidly developing
regional segment of the automotive airbag market, registering an 8.5%
CAGR from 2014 to 2020. Factors such as changing buyers’
preferences, surge in vehicle demand, and improving lifestyle are
contributing to the growth of the Asia Pacific automotive airbag
market. Moreover, high-end research, heavy investments, and
deployment of airbags in low-cost cars are expected to propel this
region through 2020.Advancement in technology and laws for adopting
airbag safety systems in passenger cars has fueled the demand for
automotive airbag in North America and Europe. Rising consumer safety
and comfort are expected to boost the markets in these regions over
the forecast period.
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Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=s&rep_id=4200
The leading players
operating in the global automotive airbag market include TRW
Automotive Holdings Corporation, Takata Corporation, Autoliv Inc.,
Key Safety Systems, and Delphi Automotive PLC. These players are
profiled in the automotive airbag market research report on the basis
of aspects such as company and financial overview, business strategy,
recent developments, strengths, weaknesses, opportunities, and
threats.The 57-page research study is a comprehensive and up-to-date
database of information on the global automotive airbag market,
designed to help investors and stakeholders formulate accurate
business decisions. Latest research and market analysis tools such as
Porter’s Five Forces Analysis and SWOT analysis, and inputs from
industry experts lend an insightful perspective, making the report an
invaluable source of information for those looking to be a part of
the automotive airbag market.
Browse Press
Release of Automotive Airbag Market :
Automotive Airbag
Market: By type
- Front Airbag
- Side Airbag
- Knee Airbag
- Curtain Airbag
Automotive Airbag
Market: By geography
- North America
- Europe
- Asia Pacific
- Rest of the World
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