UK Passenger Car Airbag Market Size, Share, Trends & Forecast 2019-2025Posted by Avinash on February 29th, 2020 UK passenger car airbag market is forecast to have a modest growth at a CAGR of around 5.5% during the forecast period. As per the International Organization of Motor Vehicle Manufacturers, the country produced around 1.5 million passenger cars in 2018 out of a total of 1.6 million vehicles. Some of the major factors for the growth of the market include the high purchasing power of the people, awareness among people related to road safety and so on. There are more than 30 OEMs in the country supported by more than 2,500 component providers. Some major car manufacturer of the UK includes Aston Martin, Bentley, Caterham Cars, Daimler, Jaguar, Land Rover, McLaren, Mini, and Rolls-Royce. Some other car manufacturers active in the country include Honda, Nissan, Toyota, Ford, and Leyland Trucks. Vehicle recall is one of the major challenges for the passenger car airbag market. As per the Driver and Vehicle Standards Agency, in November 2019 there were around 1.7 million vehicles with faulty airbag install in the country. Request a Free Sample of our Report on UK Passenger Car Airbag Market: https://www.omrglobal.com/request-sample/uk-passenger-car-airbag-market The UK passenger car airbag market is divided on the basis of type and vehicle type. By type, the market is further segmented into front airbag, side airbag, curtain airbag, and knee airbag. The front airbag segment is expected to have a major market share during the forecast period. In addition to this, knee and curtain airbags will have a significant growth rate during the forecast period. By vehicle type, the market is segmented into hatchback, SUV, and Sedan. A full Report of UK Passenger Car Airbag Market is Available at: https://www.omrglobal.com/industry-reports/uk-passenger-car-airbag-market The companies which are contributing significantly in the market include Autoliv Inc., Continental AG, Daicel Corp., Delphi Automotive PLC, DENSO Corp., Hyundai Mobis Co., Ltd., Key Safety Systems, Inc., Robert Bosch GmbH, Toyoda Gosei Co., Ltd., TRW Automotive Holdings Corp., and others. The market players are considerably contributing to the market growth by the adoption of various growth strategies including new product launch, merger, and acquisition, collaborations with government, and technological advancements to stay competitive in the market. Market Segmentation UK Passenger car airbag Market by Type
UK Passenger Car Airbag Market by Vehicle Type
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