The global automotive airbags market size was valued at USD 47.96 billion in 2021. The market is projected to grow from USD 50.12 billion in 2022 to USD 81.81 billion by 2029, exhibiting a CAGR of 7.3% during the forecast period. Global Automotive Airbags Market Reports give a Key study on the industry status of the Automotive Airbags Industry Manufacturer with the specific statistics, meaning, definition, SWOT Analysis, expert opinion, and recent development across the globe. The research report also covers the Market Size, Price, Sales, Revenue, Market share, Gross Margin, growth rate, and cost structure. The report aims to give an additional sample of the latest scenario, economic slowdown, and Covid-19 impact on overall Industry.
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The COVID-19 pandemic has been shocking and has never happened before. As a result, demand for car airbags has been higher than expected in all areas compared to before the pandemic. Our research shows that the global market grew by 17.11% from 2019 to 2020.
Automobile airbags are safety features that help protect people’s heads and chests in the event of a crash or collision. These are made to respond and inflate in milliseconds, giving people in the car a soft place to land. The market is expected to grow steadily during the planned time.
Competitive Landscape and Global Market Share Analysis:
Autoliv Inc (Sweden ), Joyson Safety System (U.S.), Robert Bosch GmbH (Germany), Toyoda Gosei Co. Ltd (Japan), Denso Corporation (Japan), Hyundai Mobis Co. Ltd (South Korea), Magna International (Canada), Aptiv PLC (Ireland), ZF Friedrichshafen AG (Germany), Valeo SA (France), Others
Market Segmentation:
By Product Type:
- Frontal Airbag
- Side Airbag
- Knee Airbag
- Others
By Vehicle Type:
- Passenger Cars
- Commercial Vehicles
- Other
The report on the Automotive Airbags market covers the following region (country) analysis:
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
Regional Insights:
The Asia-Pacific market was worth 31.44 billion USD in 2021. It is expected to be worth USD 53.25 billion by 2029, which is an 8.0% compound annual growth rate (CAGR). As a centre for the auto industry, this area is likely to have the biggest share of the global market for automotive airbags. This is because every year, the region makes and ships out more and more cars. More money is being spent on passenger safety, which is expected to make more people want cars and car safety parts. During the time frame of the forecast, the market in the region is expected to grow because more people will be using important government programmes and electric vehicles (EVs).
Europe is the second-biggest market in the world because it is home to some of the most important automotive and automotive solutions companies. In this area, the market is expected to grow because more people are interested in electric vehicles, connected and autonomous vehicles, and shared mobility.
North America’s market was worth $2.45 billion in 2021. It is expected to be worth $3.67 billion by 2029, which is a compound annual growth rate (CAGR) of 6.8%. In North America, the market should grow a lot over the next few years. The North American market is expected to grow because governments are getting stricter about vehicle safety and standards, new technologies are being used quickly, and companies are spending a lot of money on new products. Also, since 1998, all passenger cars and light commercial vehicles in North America have come with front airbags. This is because they follow the law very strictly.
The rest of the world is made up of the Middle East and Africa. This region doesn’t do as much for the global market as others. This is because there are fewer automakers and airbag suppliers, fewer cars of all types, and fewer people who use technology. But over the next few years, it is expected to grow at an annual rate of 8.4%.
Following are the major TOC of the Automotive Airbags Market:
Chapter 1: Automotive Airbags Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Automotive Airbags Market Competition by Manufacturers
Chapter 4: Global Production, Profits (Value) by Region
Chapter 5: Global Supply (Production), Import, Export, Consumption, by Regions
Chapter 6: Global Price Trend by Type, Revenue (Value), Production
Chapter 7: Manufacturing Cost Analysis
Chapter 8: Global Market Analysis by Application
Chapter 9: Industrial Chain and Downstream Buyers, Sourcing Strategy
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global Automotive Airbags Market Forecast
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Key Reasons to Purchase Automotive Airbags Market report:
The report provides a thorough examination of the manufacturing methods, as well as ideas to reduce development risk, major market growth challenges and strategic inputs to overcome the market threats.
In-depth market analysis and an overview of the global Automotive Airbags Market trend and commercial landscape are included in the report. In addition, the report discusses the effect of COVID-19 on the market.
Reader can acquire a better interpretation of the Automotive Airbags Market forecast’s future view and opportunities from the report.
The report contains an analysis of recent developments as well as profiles of important market leaders and key players.
To gain an understanding of the market strategies by the leading market players in the Automotive Airbags
The report analyses the most important driving and restraining factors in the industry, as well as their impact on global market growth.
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