China Passenger Car Airbag Market Size, Share and Forecast 2019-2025
Posted by OMR Global on March 12th, 2020
China is the global leader in automotive production and sales. China passenger car airbag market is forecast to grow at a CAGR of around 8% during the forecast period. As per the International Organization of Motor Vehicle Manufacturers, China has manufactured about 23.5 million passenger vehicles in 2018, highest all across the globe. It is expected to have a huge passenger car airbag market in the country as China occupies about 30% of the total vehicle market and 35% of the passenger vehicle market globally. The top automotive brand of China includes FAW Group, BYD Company, Chery, Zhejiang Geely Holding Group Co (Geely), Great Wall Motors and so further. Moreover, car production is expected to increase significantly during the forecast period as the country is significantly working in electrical vehicle technology. It will augment the passenger car exports from the country.
Request a Free Sample ofChina Passenger Car Airbag Market Report onhttps://www.omrglobal.com/request-sample/china-passenger-car-airbag-market
The government of China has launched Made in China 2025 initiatives for the manufacturing industry. The aim of the initiative is to upgrade the industry from low-cost mass production to higher value-added advanced manufacturing. The initiative priorities 10 sectors which also includes automotive. The initiative includes sell off a million units of the domestically produced pure electric vehicles. Numerous targets are also set related to driver assistance, active and passive safety, automatic driverless systems and so on. The Chinese passenger car airbag market is segmented 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. During the forecast period, the front airbag segment is expected to have a major market share. By vehicle type, the market is segmented into hatchback, sedan, and SUV. Hatchback segment is expected to have a major market share during the forecast period.
A full Report of China Passenger Car Airbag Market is Available at: https://www.omrglobal.com/industry-reports/china-passenger-car-airbag-market
The companies which are contributing significantly in the market include Key Safety Systems, Inc., Robert Bosch GmbH, TRW Automotive Holdings Corp., Hyundai Mobis Co., Ltd., Continental AG, NXP Semiconductors N.V., Autoliv Inc., Toyoda Gosei Co., Ltd., DENSO 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.
China Passenger Car Airbag Market Segmentation
By Vehicle Type
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.
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Contact no: +1 646-755-7667, +91 780-304-0404
Like it? Share it!
About the AuthorOMR Global
Joined: November 12th, 2019
Articles Posted: 203
More by this author