Market Research Report
India Airbag Market By Vehicle Type, By Airbag Type, By Demand Category, By Company, By Region, Forecast & Opportunities, 2026
|Published by||TechSci Research||Product code||986322|
|Published||Content info||76 Pages
Delivery time: Inquiry
|India Airbag Market By Vehicle Type, By Airbag Type, By Demand Category, By Company, By Region, Forecast & Opportunities, 2026|
|Published: January 1, 2021||Content info: 76 Pages||
India Airbag Market By Vehicle Type (Hatchback, Sedan, Multi-Purpose Vehicle, Sports Utility Vehicle and Light Commercial Vehicle), By Airbag Type (Front Airbag, Knee Airbag, Side Airbag and Curtain Airbag), By Demand Category (OEM's and Aftermarket), By Company, By Region, Forecast & Opportunities, 2026.
The Indian Airbag Market is expected to grow at an CAGR of close to 13% during the forecast period. The Indian Airbag Market is driven by implementation of strict norms and regulations regarding the safety of vehicles. Additionally, upsurge in number of road accidents is positively impacting the growth of the market during the forecast period. Also, the increasing demand for safer driving experiences is further expected to bolster the growth of the market over the next few years.
The Indian Airbag Market is segmented based on vehicle type, airbag type, demand category, company and region. Based on vehicle type, the market can be categorized into hatchback, sedan, multi-purpose vehicle, sports utility vehicle and light commercial vehicle. Out of which, the hatchback vehicle type segment is expected to dominate the market during the forecast period. This can be ascribed to the fact that number of passenger cars is growing at a significant rate in the country.
In terms of airbag type, the market is fragmented into front airbag, knee airbag, side airbag and curtain airbag. Among them, the side airbag segment is projected to grow at a high pace in the next five years as these side airbags are designed to help protect an adult's chest in a serious side-impact crash.
The major players operating in the Indian Airbag Market are Autoliv Inc., Takata Corporation, ZF India Pvt. Ltd., Denso Corporation, Joyson Safety Systems, Robert Bosch GmbH, Toyoda Gosei Co. Ltd., Hyundai Mobis Co. Ltd., Continental AG, Aptiv PLC and others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions, partnership, agreements, and new developments in order to expand their geographic reach and to increase the customer bases.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the companies, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of the Indian Airbag Market by using a bottom-up approach, wherein the data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.
In this report, the Indian Airbag Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Sports Utility Vehicle
Light Commercial Vehicle
Company Profiles: Detailed analysis of the major companies present in the Indian Airbag Market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: