Automotive Curtain Airbags Industry: 2019 Global Market, Trends, Size, Growth, S

Posted by Abhijeet Bendre on November 15th, 2019

Stringent On-Road Safety Measures to Benefit Automotive Curtain Airbags Market. Strict Automotive Safety Assessment to Favor Automotive Curtain Airbags Market. The growing need for on-road safety is likely to encourage the global automotive curtain airbags market growth, reveals Market Research Future (MRFR). MRFR states that the global automotive curtain airbags market is set to expand at a CAGR of 5.13 % over the forecast period (2017 to 2023). MRFR asserts that the global automotive curtains airbags market is expected to attain a valuation of USD 4,339.5 million by 2023.

Market Insights

Automotive curtain airbags offer foreground collision safety to an occupant. This feature is likely to gaining momentum for the global automotive curtain airbags market over the evaluation period. The growing need for on-road safety is likely to hike the sales of automotive curtain airbags. The high rate of adoption of automotive curtain airbag is expected to propel its market growth. The growing inclination of people towards smart automobile is observed to be a major factor that is anticipated to contribute to the fast-paced expansion of the global automotive curtain airbags. The rising demand for automotive curtain airbags among end-users is expected to surge the global market.

Segmental Overview

The global automotive curtain airbags market has been segmented on the basis of yarn type, applications, sales channel, coating type, and vehicle type.

Based in the yarn type, the automotive curtain airbags market has been segmented into nylon and polyester.

Based on the applications, the automotive curtain airbags market has been segmented into torso, head, and combo.

Based on the sales channel, the automotive curtain airbags market has been segmented into OEM and Aftermarket.

Based on the coating type, the automotive curtain airbags market has been segmented into Neoprene Coated, Non-Coated, Silicone Coating, and others.

Based on the vehicle type, the automotive curtain airbags market has been segmented into Premium Vehicles, Hatchbacks and Sedans, Commercial Vehicles, and SUV and Crossovers.

Regional Outlook

By region, the automotive curtain airbags market has been analyzed across Europe, North America, Asia Pacific, and the Rest of the World (RoW).

MRFR states that North America, followed by Europe and Asia Pacific is likely to exhibit an impressive growth pattern over the assessment period. North America is expected to register the a 5.13% CAGR by 2023. The existence of well-established automobile companies is anticipated to boost the North American automotive curtain airbags market growth. The US, due to presence of high number of automotive curtain airbags manufacturer, is likely to exhibit the highest growth rate for the regional market in the foreseeable future.  In Europe, the stringent rules passed by the government regarding road safety measures is likely to surge the sales of automotive curtain airbags. This is expected to drive the growth of the European automotive curtain airbags market growth. The increasing demand for luxurious vehicles and rising need for road safety are factors that are anticipated to propel the Asia Pacific automotive curtain airbags market growth. The APAC automotive curtain airbags is anticipated in to expand at a CAGR of 5.41% over the review period.

High competition among key players is likely to work in favor of the global automotive curtan airbags market. Mergers and acquisitions, and joint efforts of well-established key players are resulting in the launch of new products. Innovations are expected to encourage the growth of the global automotive curtain airbags market growth.

MRFR profiled prominent companies which are operating in the global automotive curtains airbags market. They are; Nihon Plast Co., Ltd. (Japan), Autoliv Inc. (Sweden), ZF Friedrichshafen AG (Germany), Takata Corporation (Japan), Toyoda Gosei Co., Ltd. (Japan), Ashimori Industry Co., Ltd. (Japan), and Ningbo Joyson (China).

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