India Car Airbag Market – Industry Analysis and Forecast (2018-2026)
India Car Airbag Market is projected to reach US$20 Bn in 2019, and grow at CAGR of over 42% during forecast period.
Due to rise in the number of accidents, demand for passenger car airbags is rising at a robust across the country. Also, government of India has made it mandatory for the car makers to install airbags in all the cars which would further boost demand for airbags in the country during the forecast period.
Based on airbag type, the market is segmented into front airbag, side airbag, curtain airbag and knee airbag. Front airbag segment dominates the market with the largest share as they are installed in steering wheel and the front side of passenger to protect the chest and head.
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All new models launched after October 2017 will have to endure crash tests and post Oct 2018, manufacturers will need to provide airbags and ABS (anti-locking braking system) on all models as standard. Government’s augmented focus on upgrading safety standards in cars sold in India will result in a windfall for producers of airbags.
In 2013, UK-based New Car Assessment Programme (NCAP) has conducted crash tests in which many of the bestselling models in India have failed, that made Indian government to formulate new vehicle safety assessment programme, Bharat New Vehicle Safety Assessment Program (BNVSAP) for the Indian market.
According to Government’s recent notification, ABS will be made mandatory in all the new models (with engine size above 125cc) from April 2018 onwards, while 2Ws below 125cc can either have ABS or Combined Braking System (CBS). For all the existing models, the deadline stands at April 2019.
Years Vehicles Sold in percent’s (%)
2014-15 30 % of Vehicle Sold In India Had Airbags
2017 60-70 % of Vehicle Sold Are Having Airbags
2020 It Will Reach To 100% before 2020
Major key players operating in the India Car Airbag Market include Takata, Autoliv, TRW, Toyoda Gosei, Delphi Automotive, Robert Bosch GmbH, Denso Corporation, Continental AG, Key Safety Systems, Hyundai Mobis Co. Ltd, Autoliv India Private Limited, Rane TRW Steering Systems Limited, Mobis India Limited, Ashimori India Private Limited, Daicel Chiral Technologies India Private Limited, Hyosung Corporation India Private Limited, Porcher Industries and Toray Industries India Private Limited.
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Scope of India Car Airbag Market:
India Car Airbag Market by Vehicle Type:
• Passenger Cars.
• Commercial Vehicles.
India Car Airbag Market by Airbag Type:
• Front Airbag
• Knee Airbag
• Side Airbag
• Curtain Airbag
India Car Airbag Market by Material Type:
• Nylon 66
• Polyster
India Airbag Market by Demand Category:
• OEM
• Aftermarket
Key Players Operating in the India Car Airbag Market:
• Takata
• Autoliv
• TRW
• Toyoda Gosei
• Delphi Automotive
• Robert Bosch GmbH
• Denso Corporation
• Continental AG
• Key Safety Systems
• Hyundai Mobis Co. Ltd
• Autoliv India Private Limited
• Rane TRW Steering Systems Limited
• Mobis India Limited
• Ashimori India Private Limited
• Daicel Chiral Technologies India Private Limited
• Hyosung Corporation India Private Limited
• Porcher Industries
• Toray Industries India Private Limited.
MAJOR TOC OF THE REPORT
Chapter One: Car Airbag Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Car Airbag Market Competition, by Players
Chapter Four: Global Car Airbag Market Size by Regions
Chapter Five: North America Car Airbag Revenue by Countries
Chapter Six: Europe Car Airbag Revenue by Countries
Chapter Seven: Asia-Pacific Car Airbag Revenue by Countries
Chapter Eight: South America Car Airbag Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Car Airbag by Countries
Chapter Ten: Global Car Airbag Market Segment by Type
Chapter Eleven: Global Car Airbag Market Segment by Application
Chapter Twelve: Global Car Airbag Market Size Forecast (2019-2026)
Browse Full Report with Facts and Figures of Car Airbag Market Report at: https://www.maximizemarketresearch.com/market-report/india-car-airbag-market/17161/
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