The global airbag market size was estimated to USD 9,896 million in 2018 and anticipated to witness an impressive growth rate with a CAGR of 7.3% during the forecast period. 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.
Get Free Sample link @ https://www.omrglobal.com/request-sample/airbag-market
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.
full report of Airbag Market available @ https://www.omrglobal.com/industry-reports/airbag-market
- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Airbag Market Report Segment
By Type
- Front Airbag
- Side Airbag
- Curtain Airbag
- Knee Airbag
By Vehicle Segment
- Passenger Cars
- Hatchback
- Sedan
- SUV
- Commercial Vehicle
Global Airbag Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report covers
- Comprehensive research methodology of global airbag market.
- This report also includes detailed and extensive market overview with key analyst insights.
- Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global airbag market.
- Insights about market determinants which are stimulating the global airbag market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/airbag-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
