Car Airbag Manufacturing
Operators in the Car Airbag Manufacturing industry manufacture airbags for all types of automobiles, including passenger cars and light and heavy trucks. Due to being an intermediate good in the production of automobiles, industry revenue tends to ebb and flow with fluctuations in demand for new vehicles. As a result, several positive trends have stimulated industry revenue over the five years to 2018, such as rising consumer confidence and historically low interest rates. As domestic economic conditions continue to improve, individuals have increasingly demanded new vehicles. As a result, industry revenue is anticipated to increase during the current period; however, industry operators contend with several obstacles that will likely inhibit profitability, such as rising import penetration and new technology. Over the five years to 2023, these negative trends will likely persist, if not become more prominent. Despite these trends, industry revenue is expected to continue increasing during the outlook period as a result of increasing export values.
This industry produces airbags for all types of automobiles. Airbags are used to protect the driver during and after an accident. These airbags are sold directly to auto manufacturers or airbag distribution operators.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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