Growth Opportunities in the Global Automotive Airbag Market 2016-2021
According to a new market report published by Lucintel, the future of airbags in the globalautomotive industry looks good with strict governmental regulations on vehicle safety andincreasing vehicle production. Airbags in the global automotive industry is forecast to grow at aCAGR of 4.6% from 2016 to 2021. The major drivers of growth for this market are governmentalregulations on safety standard, increasing number of traffic fatalities, increasing awareness onvehicle safety, and development of low-cost airbags.
In this market front, side, curtain, and knee are the major application areas of airbag componentsin a vehicle. Front airbag is the largest segment by airbag type and is expected to remain thesame during the forecast period. Lucintel predicts that the demand of airbag in the small car islikely to experience the highest growth in the forecast period supported by safety regulationsimplied by various governments and increasing production of small car. On the basis of itscomprehensive research, Lucintel forecasts that small car segment is expected to show aboveaverage growth during the forecast period.
Within the global automotive airbag market, the small car segment is expected to remain as thelargest market by volume consumption. The development of low-cost airbag for small cars isexpected to spur growth for this segment over the forecast period.
Asia Pacific is expected to remain the largest market due to increasing light vehicle production;China will remain the leading market in terms of vehicle production. Asia Pacific and NorthAmerica are expected to witness significant growth over the forecast period because ofincreasing penetration of airbag components in vehicles in North America due to strict vehicularsafety standards & regulations.
For market expansion, the report suggests innovation and new product development to enhancethe passenger’s safety by reducing the impact of road accidents. The report further suggests thedevelopment of partnerships between OEMs and automobile manufacturers to create win-winsituations and the development of low-cost solutions for the end users without compromisingpassenger’s safety.
Emerging trends, which have a direct impact on the dynamics of the industry, includedevelopment of flexible venting technology, application of bioplastics materials in airbag module,development of lightweight airbag inflators, and development of low-cost airbag Electronic ControlUnit. Autoliv Inc., Takata Corporation, ZF TRW Automotive Holding Corp, Toyoda Gosei Co., Ltd.,and Hyundai Mobis Co., Ltd. are among the major suppliers of airbag component to theautomotive industry.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growthopportunities in the global automotive airbag market by airbag type, vehicle type, and region andhas come up with a comprehensive research report, “Growth Opportunities in the GlobalAutomotive Airbag Market 2016-2021:Trends, Forecast, and Market Analysis.” The Lucintelreport serves as a spring board for growth strategy as it provides a comprehensive data andanalysis on trends, key drivers, and directions. The study includes a forecast for the growthopportunities in the global automotive airbag market by airbag type, vehicle type, and region asfollows:
By airbag type [Volume (Million Units) and $M shipment analysis for 2010 – 2021]:
Knee AirbagBy vehicle type [Volume (Million Units) shipment analysis for 2010 – 2021]:
MPV and LCV
OthersBy region [Volume (Million Units) and $M shipment analysis for 2010 – 2021]:
Rest of the World
This report answers following 11 key questions:
Q.1. How big the opportunities for automotive airbag by airbag type, vehicle type and region?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4.What are the key factors affecting market dynamics? What are the drivers andchallenges of the market?
Q.5. What are the business risks and threats of this market?
Q.6. What are emerging trends in this market and reasons behind them?
Q.7. What are some changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading thesedevelopments?
Q.9. Who are the major players in this market? What strategic initiatives are taken by keyplayers for business growth?
Q.10. How is the competitive rivalry and threat of substitution in this market?
Q.11. What are the recent M & A activities in the past 2-3 years in this market? What reasonscan be attributed to these activities and how have they impacted the industry?This unique report from Lucintel will provide you with valuable information, insights, and toolsneeded to identify new growth opportunities and operate your business successfully in thismarket. This report will save hundreds of hours of your own personal research time and willsignificantly benefit you in expanding your business in this market. In today’s stringent economy,you need every advantage that you can find.
Features of This Report:
To make business, investment, and strategic decisions, you need timely, useful information. Thismarket report fulfills this core need and is an indispensable reference guide for multinationalmaterials suppliers, product manufacturers, investors, executives, distributors, and many morethat operate in this market.
Market size estimates: Global automotive airbag market size estimation in terms ofvolume and value ($M) shipment.
Trend and forecast analysis: Global automotive airbag market trend (2010-2015) andforecast (2016-2021) by region and segments.
Segmentation analysis: Global automotive airbag market size by airbag types such asfront airbag, side airbag, curtain airbag and knee airbag and by vehicle type such assmall cars, mid-size cars, large cars, Multi-Purpose Vehicles (MPV), Light CommercialVehicles (LCV), Sport Utility Vehicles (SUV), and other vehicles.
Regional analysis: Global automotive airbag market breakdown by key regions such asNorth America, Europe, Asia Pacific, and Rest of World.
Growth opportunities: Analysis on growth opportunities in different applications andregions.
Strategic analysis: This includes M&A, new product development, competitive landscape,and expansion strategies of global automotive airbag suppliers.
Emerging applications: Emerging applications of global automotive airbag in variousmarkets.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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