India Airbag Market Size, Share and Forecast 2019-2025Posted by OMR Global on March 4th, 2020 India airbag market is forecast to augment at a CAGR of around 9.5% during the forecast period. India is one of the largest automotive markets all across the globe in terms of vehicle production. In 2018, the country produced around 5.2 million vehicles. The country is one of the preferred economies by the automotive giants and auto-component manufacturers for setting up production facilities. A number of companies had collaborated with the local automotive manufacture as per government regulation for the export of the vehicles. The Indian automotive and auto-ancillary industry is supported by various factors such as availability of skilled labor at low cost, robust R&D centers, and low-cost steel production. Request a Free Sample of our Report onIndia Airbag Market https://www.omrglobal.com/request-sample/india-airbag-market India is a price-sensitive market and due to this, a number of customers don’t prefer airbags in passenger cars. Result of which, for cost-cutting manufacturer offers only driver airbag in some initial models of some hatchbacks. In the near future, a massive demand for active and passive safety equipment will be observed in the Indian market as India is among the countries, where the mortality rate due to the road accident is highest. A full Report ofIndia Airbag Market is Available at: https://www.omrglobal.com/industry-reports/india-airbag-market The Indian airbag market is studied on the basis of type and vehicle type. By type, the market is further divided into front airbag, side airbag, curtain airbag, and knee airbag. During the forecast period, the front airbag segment is expected to have a major market share with a significant growth rate. It is due to vehicles’ additional cost of the airbag in the vehicle and government regulation related to front airbags only. By vehicle type, the market is segmented into passenger cars and commercial vehicles. Most of the market share is expected to be of passenger cars in the country during the forecast period. India Airbag Market Segmentation By Type
By Vehicle Type
Company Profiles
About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. Media Contact:
Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +1 646-755-7667, +91 780-304-0404 Like it? Share it! More by this author |