Market Overview
The Automotive Curtain Airbags Market is expected to generate revenue of USD 4.6 Billion within the present forecast years, at a CAGR of 4%. Airbag systems were mostly used in premium vehicles just over a decade ago. The current scenario has completely changed because of increased regulatory pressure, strong market competition, and rising consumer worries about safety. These pressures amplify the long-standing importance for automakers to install an airbag system in every vehicle, regardless of market category.
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Key Vendors
Autoliv Inc. (Sweden), ZF Friedrichshafen AG (Germany), Takata Corporation (Japan), Toyoda Gosei Co., Ltd. (Japan), Ningbo Joyson (China), Ashimori Industry Co., Ltd. (Japan), Nihon Plast Co., Ltd. (Japan)
Market Segmentation
different types of vehicles that are being installed with curtain airbags, which include hatchbacks and sedans, SUV and crossovers, premium vehicles, and commercial vehicles. Nylon based and polyester based curtain airbags were considered for revenue analysis based on prominent types of curtain airbags used by the automotive industry. The major application areas of curtain airbag identified are torso curtain airbags, head curtain airbags, and combo curtain airbags. OEM and aftermarket are expected to remain the two major distribution channels for curtain airbags during the forecast period. The report also offers market assessment based on the coated (neoprene, silicone) and non-coated curtain airbags.
Vehicle makers have increased the number of airbags available in cars, resulting in a threefold increase in airbag usage in the last three to four years. Almost every new car launched in the previous few years includes at least one airbag (driver side), with some additionally including curtain airbags, particularly in developing nations. Because of the rising frequency of car accidents, automakers are now required to include airbags. Over the forecast period, an increase in public awareness and technological developments are also likely to drive demand for curtain airbags.
For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global market for automotive curtain airbags
By Yarn Type
· Nylon
· Polyester
By Application
· Torso Curtain Airbags
· Head Curtain Airbags
· Combo Curtain Airbags
By Sales Channel
· OEM
· Aftermarket
By Coating Type
· Neoprene Coated
· Silicone Coating
· Non-Coated
· Others
By Vehicle Type
· Hatchbacks and Sedans
· SUV and Crossovers
· Premium Vehicles
· Commercial Vehicles
By Region
· North America
· Europe
· Asia Pacific
· Rest of the World
Intended Audience:
· End-Users
· Government
· Research
· Education
· Distribution vendors
· Technology Innovators
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Regional Classification
Europe is the largest market for curtain airbags, with a CAGR of more than 4.5 percent predicted over the projection period. The market for curtain airbags has seen a surge in growth in the region, thanks to rising customer acceptance, technological advancements, and cheaper prices. Germany is Europe's largest automobile hub, and curtain airbags are a strategically vital market there. Germany has 41 automobile assembly plants, resulting in increased demand for curtain airbags. France, Russia, Spain, and Italy are other significant contributors to the European market.
The Asia-Pacific region is the fastest-growing market for automobile curtain airbags, with plenty of room for market expansion. Consumers in emerging economies such as China and India have been encouraged to purchase high-end cars with curtain bags as their discretionary income has increased. The rapid growth of the automobile sector, as well as the high adoption rate of passive safety systems, support the growth of the market analyzed in China.
Industry News
Ningbo Joyson (China), Ashimori Industry Co., Ltd. (Japan), Takata Corporation (Japan), Toyoda Gosei Co., Ltd. (Japan), ZF Friedrichshafen AG (Germany), Takata Corporation (Japan), Toyoda Gosei Co., Ltd. (Japan), Autoliv Inc. (Sweden), and Nihon Plast Co., Ltd. (Japan) are the major industry players. The report also includes revenue, segmental share, regional income, growth plans, new product launches, M&A activity, and the most recent R&D projects for the company.
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