The global passenger car airbag market is expected to grow at a CAGR of 6.5% during the forecast period. As per the International Organization of Motor Vehicle Manufacturers, around 70.5 million cars were produced in 2018 with a slight decrease in total production. The major factor for the growth of the market includes cohesive government regulations, rising customer awareness related to vehicle safety, and increasing disposable income & expenditure on passenger cars by the customers. Vehicle recall is one of the major challenges for the passenger car airbag market in globally as a number of vehicles recalls due to faulty airbag has been observed in the last few years all across the globe which result in an additional cost to the car manufacturer and auto-ancillary companies.
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The global passenger car airbag market is divided on the basis of type and vehicle type. By type, the market is further analyzed into front airbag, side airbag, curtain airbag, and knee airbag. The front passenger car airbag segment is expected to have a major market share during the forecast period. By vehicle type, the market is segmented into Hatchback, Sedan, and SUV. Hatchback is expected to show a significant growth rate during the forecast period.
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By geography, the global passenger car airbag market is segmented into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific is expected to have the largest market share with significant growth during the forecast period. Countries such as China, India, Japan, South Korea, Vietnam, are one of the major manufacturers of automotive globally. Asia-Pacific is expected to be followed by Europe. In Europe, countries such as Germany, Spain, and France will contribute significantly to the market. In the Rest of the World, Brazil is expected to be a major contributor to the market.
Market Segmentation
By Type
- Front Airbag
- Side Airbag
- Curtain Airbag
- Knee Airbag
By Vehicle Type
- Hatchback
- Sedan
- SUVs
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
Rest of the World
Company Profiles
- Ashimori Industry Co., Ltd.
- Autoliv Inc.
- Continental AG
- Daicel Corp.
- DENSO Corp.
- Hyundai Mobis Co., Ltd.
- Key Safety Systems, Inc.
- Nihon Plast Co., Ltd.
- NXP Semiconductors N.V.
- Robert Bosch GmbH
- Toyoda Gosei Co., Ltd.
- TRW Automotive Holdings Corp.
- Global Safety Textiles, LLC
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
