Automotive Airbags Market to Reach 179.2 Million Units by 2025; Increasing Passe

Posted by Rushikesh Pise on March 27th, 2020

The global automotive airbags market report by Fortune Business Insights, titled, “Global Automotive Airbags Market Size, Share & Industry Analysis, By Application (Knee, Side, Front, Curtain), By Vehicle Type (Passenger Cars, Commercial Vehicles), and Regional Forecasts, 2019-2025.” The market is expected to gain momentum from a rise in the implementation of strict safety rules and regulations for pedestrians and drivers. Additionally, governments of various countries are enforcing OEMs to install airbags in commercial vehicles as well as passenger cars to double the safety features.

Highlights of the Report

  • In-depth analysis of various insights, namely, Automotive Airbags Market trends, growth drivers, opportunities, and other related challenges.
  • Comprehensive details of key market players, their core competencies, and market shares.
  • The potency of suppliers and buyers to make better business decisions.
  • Lists out the market size in terms of volume.

Increasing Consumer Expenditure on Various Vehicle Safety Features to Drive Growth

The increasing number of road accidents is further leading to severe fatalities in the human body. It is resulting in a rise in the number of awareness programs regarding safety amongst the consumers. It would propel the Automotive Airbags Market growth during the forecast period. Moreover, consumers are rapidly shifting towards spending more on numerous available safety features in their vehicles owing to rising disposable income. It is opening doors to investment opportunities for the industry giants. Besides, manufacturers are including active and passive safety systems in automobiles to provide better driving experience and comfort to the consumers, which in turn, would contribute to the market growth.

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Rushikesh Pise

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Rushikesh Pise
Joined: November 4th, 2019
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