Airbags Market Size, Share, Demand Analysis 2022-2028
The global airbags market size was valued at USD 24,348.9 billion in 2021 and is poised to grow at a significant CAGR of x% during the forecast period 2022-28. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC “Airbags Market: By Type (Curtain Airbag, Frontal Airbag, Knee Airbag, Side Airbag, Others), By Module (Air Bag, Crash Sensors, Inflator or Gas Generator), By Vehicle Type (Commercial Vehicle, Passenger Vehicle), By Sales Channel (Aftermarkets, Original Equipment Manufacturers) and Geography- Global/Region/Country Forecast to 2028.”
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Growing demand for passenger safety is anticipated to drive the Airbags Market
This report on airbags market aims at providing major trends, market drivers and constraints. This global market aims at providing a comprehensive overview on the airbags market and can be categorized according to Sales Channel, type, Vehicle Type and module. The Airbags market has been categorized into different segments such as Side Airbag, Curtain Airbag, Knee Airbag, Frontal Airbag and others on the basis of type. In terms of type, the Curtain Airbag sector is likely to be the rapidly growing and biggest sector amid other sectors. The Airbags market is classified into different segments such as Gas Generators, Air Bag and Crash Sensors. The airbag sector is anticipated to record the fast growth during the assessment period 2022-2028. The Airbags market is categorized into passenger vehicle and commercial vehicles on the basis of vehicle type. The commercial vehicle sector witnesses the biggest share in the year 2021 amid these two sectors. Passenger Vehicle sector witnesses the biggest share during the forthcoming years 2021-2028. The sector has been separated into Original Equipment Manufacturers and Aftermarkets on the basis of Sales Channel. In the Airbags Market, Original Equipment Manufacturers sector is anticipated to lead other sectors. The aftermarket sector is anticipated to witness the high CAGR rate during the forthcoming years.
There are several factors projected to impel the growth of market during the forthcoming years such as the strict government rules for the airbags installations as well as growing demand for passenger safety. Furthermore, developments in automotive industry increase in the vehicle sales in developed and developing countries and growing disposable income are the factors driving the market growth over the evaluation time span.
Asia Pacific accounted for Significant Share in the Airbags Market
The airbags market report provides complete outlook around the region making special focus on the major regions such as Asia Pacific, Europe, North America, Latin America, Middle East and Africa. Asia Pacific market is anticipated to witness the high market share during the evaluation time span as it holds a huge potential market for vehicle production.
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Competitive Analysis - Airbags Market
Major players working in the airbags market are Autoliv Inc., Continental AG, Daicel Corporation, DENSO Corporation and Hyundai Mobis Co. Ltd. Key players in the market hugely focus on following key regions such as major collaborations, acquisitions, mergers and novel product launches to enhance the product offering.
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