UK airbag market is expected to show a modest growth at a CAGR of nearly 5% during the forecast period. As per the International Organization of Motor Vehicle Manufacturers, the country manufactured around 1.6 million vehicles out of which more than 1.5 million were passenger cars. The major factor for the significant market in the country includes the high purchasing power of the people, awareness among people related to vehicle safety and so on. There are more than 30 OEMs in the nation supported by more than 2,500 component providers. Some major car manufacturer of the UK includes Aston Martin, Bentley, Caterham Cars, Daimler, Jaguar, Land Rover, McLaren, Mini, and Rolls-Royce. Some other car manufacturers active in the country include Honda, Nissan, Toyota, Ford, Leyland Trucks and London Taxis International. The Department of Transport in UK had provided the guidelines and advice on the use of vehicles equipped with airbags in Great Britain in May 2010. In UK, there is no particular legal requirement for the cars equipped with an airbag. However, most of the cars have at-least front airbags.
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The UK airbag market is segmented based on type and vehicle type. By type, the market is further analyzed into front airbag, side airbag, curtain airbag, and knee airbag. The front airbag segment is expected to have a major market share during the forecast period. Moreover, knee and curtain airbags will have a significant growth rate during the forecast period. By vehicle type, the market is segmented into passenger cars and commercial vehicles. As the country manufactures passenger cars in high proportion, the passenger car segment is expected to have a major market share during the forecast period.
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The companies which are contributing significantly in the market include Autoliv Inc., Continental AG, Daicel Corp., Delphi Automotive PLC, DENSO Corp., Hyundai Mobis Co., Ltd., Key Safety Systems, Inc., Robert Bosch GmbH, Toyoda Gosei Co., Ltd., TRW Automotive Holdings Corp., and others. The market players are considerably contributing to the market growth by the adoption of various growth strategies including new product launch, merger, and acquisition, collaborations with government, and technological advancements to stay competitive in the market.
Market Segmentation
By Type
- Front Airbag
- Side Airbag
- Curtain Airbag
- Knee Airbag
By Vehicle Type
- Passenger Cars
- Hatchback
- Sedan
- SUV
- Commercial Vehicle
Company Profiles
- Autoliv Inc.
- Continental AG
- Daicel Corp.
- Delphi Automotive PLC
- DENSO Corp.
- Hyundai Mobis Co., Ltd.
- Key Safety Systems, Inc.
- NXP Semiconductors N.V.
- Robert Bosch GmbH
- Toyoda Gosei Co., Ltd.
- TRW Automotive Holdings Corp.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
