The global safety air bags market is projected to reach USD 3.5 billion by 2030, at a CAGR of 7.2% between 2017 and 2030. The market growth can be attributed to the increasing demand for airbags in passenger cars, commercial cars, and light commercial vehicles such as vans and trucks. Airbag technology is also evolving rapidly with the introduction of new technologies such as inflatable curtain airbags for frontal protection and head-protecting thorax bag for side impact collisions which help in minimizing occupant injuries from collision accidents. The safety benefits offered by these technologies have led to an increase in the adoption of advanced airbag systems across different vehicle classes leading to increased sales worldwide in recent years.
Asia Pacific held the largest share of the global safety air bags market as well as highest CAGR during 2017-2021 with a share of 37% followed by North America (35%), Europe (14%), Latin America (7%) and Middle East & Africa (6%). China is one of the key driver markets due to its high population base that has resulted into higher demand for all automotive products including automotive safety equipments like automatic emergency braking system, seatbelt pretensioners, electronic stability control etc, which has led to increased adoption rates among consumers on this region.
Passenger car segment accounted for over half of all corporate vehicle sales globally during 2015-2016 according to data released by IHS Automotive Report 2018 on Passenger Cars & LCV Forecast that states 50% share in total corporate vehicle sales or 10 million units out of total 16 million unit sale volume during 2015-2016 while commercial car segment accounted for 40%. Commercial cars are expected grow at a faster rate than passenger cars due to improving economies globally coupled with higher disposable incomes enabling companies’ fleets with newer vehicles thus driving growth within this region.
The key players in the global safety air bags market are Robert Bosch GmbH (Germany), TRW Automotive Holdings Inc (US), Autoliv, Inc (Sweden), Takata Corporation (Japan), Autoliv, Inc (Sweden) and Magna International, Inc (Canada).
Industry Growth Insights published a new data on “Safety Air Bags Market”. The research report is titled “Safety Air Bags Market research by Types (Single Airbags, Multi Airbags), By Applications (Commercial Cars, Passenger Cars), By Players/Companies Autoliv, TRW, Key Safety Systems, Toyoda Gosei, Nihon Plast, Yanfeng Automotive Trim Systems, East JoyLong Motor Airbag, Hyundai Mobis, BYD, S&T Motiv, Jinheng Automotive Safety Technology Hoidings, Changzhou Changrui, Jiangsu Favour, Taihang Changqing, Ashimori Industry”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Safety Air Bags Market Research Report
By Type
Single Airbags, Multi Airbags
By Application
Commercial Cars, Passenger Cars
By Companies
Autoliv, TRW, Key Safety Systems, Toyoda Gosei, Nihon Plast, Yanfeng Automotive Trim Systems, East JoyLong Motor Airbag, Hyundai Mobis, BYD, S&T Motiv, Jinheng Automotive Safety Technology Hoidings, Changzhou Changrui, Jiangsu Favour, Taihang Changqing, Ashimori Industry
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Safety Air Bags Market Report Segments:
The global Safety Air Bags market is segmented on the basis of:
Types
Single Airbags, Multi Airbags
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Cars, Passenger Cars
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Autoliv
- TRW
- Key Safety Systems
- Toyoda Gosei
- Nihon Plast
- Yanfeng Automotive Trim Systems
- East JoyLong Motor Airbag
- Hyundai Mobis
- BYD
- S&T Motiv
- Jinheng Automotive Safety Technology Hoidings
- Changzhou Changrui
- Jiangsu Favour
- Taihang Changqing
- Ashimori Industry
Highlights of The Safety Air Bags Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Airbags
- Multi Airbags
- By Application:
- Commercial Cars
- Passenger Cars
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Safety Air Bags Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Safety air bags are a type of safety device that deploys in the event of an accident, to protect people inside the vehicle.
Some of the major companies in the safety air bags market are Autoliv, TRW, Key Safety Systems, Toyoda Gosei, Nihon Plast, Yanfeng Automotive Trim Systems, East JoyLong Motor Airbag, Hyundai Mobis, BYD, S&T Motiv, Jinheng Automotive Safety Technology Hoidings, Changzhou Changrui, Jiangsu Favour, Taihang Changqing, Ashimori Industry.
The safety air bags market is expected to grow at a compound annual growth rate of 7.2%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Safety Air Bags Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Safety Air Bags Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Safety Air Bags Market - Supply Chain
4.5. Global Safety Air Bags Market Forecast
4.5.1. Safety Air Bags Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Safety Air Bags Market Size (000 Units) and Y-o-Y Growth
4.5.3. Safety Air Bags Market Absolute $ Opportunity
5. Global Safety Air Bags Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Safety Air Bags Market Size and Volume Forecast by Type
5.3.1. Single Airbags
5.3.2. Multi Airbags
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Safety Air Bags Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Safety Air Bags Market Size and Volume Forecast by Application
6.3.1. Commercial Cars
6.3.2. Passenger Cars
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Safety Air Bags Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Safety Air Bags Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Safety Air Bags Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Safety Air Bags Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Safety Air Bags Demand Share Forecast, 2019-2026
9. North America Safety Air Bags Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Safety Air Bags Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Safety Air Bags Market Size and Volume Forecast by Application
9.4.1. Commercial Cars
9.4.2. Passenger Cars
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Safety Air Bags Market Size and Volume Forecast by Type
9.7.1. Single Airbags
9.7.2. Multi Airbags
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Safety Air Bags Demand Share Forecast, 2019-2026
10. Latin America Safety Air Bags Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Safety Air Bags Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Safety Air Bags Market Size and Volume Forecast by Application
10.4.1. Commercial Cars
10.4.2. Passenger Cars
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Safety Air Bags Market Size and Volume Forecast by Type
10.7.1. Single Airbags
10.7.2. Multi Airbags
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Safety Air Bags Demand Share Forecast, 2019-2026
11. Europe Safety Air Bags Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Safety Air Bags Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Safety Air Bags Market Size and Volume Forecast by Application
11.4.1. Commercial Cars
11.4.2. Passenger Cars
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Safety Air Bags Market Size and Volume Forecast by Type
11.7.1. Single Airbags
11.7.2. Multi Airbags
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Produc Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Safety Air Bags Demand Share, 2019-2026
12. Asia Pacific Safety Air Bags Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Safety Air Bags Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Safety Air Bags Market Size and Volume Forecast by Application
12.4.1. Commercial Cars
12.4.2. Passenger Cars
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Safety Air Bags Market Size and Volume Forecast by Type
12.7.1. Single Airbags
12.7.2. Multi Airbags
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Safety Air Bags Demand Share, 2019-2026
13. Middle East & Africa Safety Air Bags Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Safety Air Bags Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Safety Air Bags Market Size and Volume Forecast by Application
13.4.1. Commercial Cars
13.4.2. Passenger Cars
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Safety Air Bags Market Size and Volume Forecast by Type
13.7.1. Single Airbags
13.7.2. Multi Airbags
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Safety Air Bags Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Safety Air Bags Market: Market Share Analysis
14.2. Safety Air Bags Distributors and Customers
14.3. Safety Air Bags Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Autoliv
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. TRW
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Key Safety Systems
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Toyoda Gosei
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Nihon Plast
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Yanfeng Automotive Trim Systems
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. East JoyLong Motor Airbag
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hyundai Mobis
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. BYD
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. S&T Motiv
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Jinheng Automotive Safety Technology Hoidings
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Changzhou Changrui
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Jiangsu Favour
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Taihang Changqing
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Ashimori Industry
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
