US Passenger Car Airbag Market Size, Share, Growth, Research and Forecast 2019-2025


Posted August 20, 2020 by globalomr

US Passenger Car Airbag Market Size, Share & Trends Analysis Report by Type (Front Airbag, Side Airbag, Curtain Airbag, Knee Airbag), by Vehicle Type (Hatchback, Sedan, SUV) and Forecast 2019-2025

 
The US passenger car airbag market is expected to have a modest growth at a CAGR of around 4.5% during the forecast period. The US is one of the global leaders in the automotive sector. Major factors for the significant market include high cost of the vehicle, high awareness related to road safety and cohesive government regulations. Passenger cars in the US are equipped with front airbag, side airbag, curtain airbag and about half of the passenger cars are equipped with knee airbags. These are the reason for the large airbag market in the country. The airbag market in the US is a matured market as passenger car airbag has been adopted decades ago. In September 1998, the government introduced the “Intermodal Surface Transportation Efficiency Act of 1991”. As per law, it is mandatory for all cars and light trucks to be equipped with a passenger car airbag which is being sold in the US. As per the International Organization of Motor Vehicle Manufacturers, out of 11.3 million total vehicles, around 2.8 million were passenger cars. The proportion of passenger car production to the total vehicle is least in the US as compared to major vehicle manufacturing companies globally. However, recall of vehicles due to faulty airbags is one of the major challenges for the market in the country.

A full report of US Passenger Car Airbag Market is available at: https://www.omrglobal.com/industry-reports/us-passenger-car-airbag-market

The US passenger car airbag market is segmented based on type and vehicle type. By type, the market is further analyzed 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, whereas Knee and curtain are expected to have a significant market growth rate. By vehicle type, the market is segmented into Hatchback, SUV, and Sedan. Significant growth in the SUV segment can be expected in the country.

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The companies which are contributing significantly in the market include Autoliv Inc., Continental AG, DENSO Corp., Hyundai Mobis Co., Ltd., Key Safety Systems, Inc., Robert Bosch GmbH, Toyoda Gosei Co., Ltd., TRW Automotive Holdings 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.

US Passenger Car Airbag Market- Segmentation

By Type

• Front Airbag
• Side Airbag
• Curtain Airbag
• Knee Airbag

By Vehicle Type

• Hatchback
• Sedan
• SUV

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/us-passenger-car-airbag-market

Company Profiles

• Autoliv Inc.
• Continental AG
• Daicel Corp.
• DENSO Corp.
• Global Safety Textiles, LLC
• Hyundai Mobis Co., Ltd.
• Key Safety Systems, Inc.
• NXP Semiconductors N.V.
• Robert Bosch GmbH
• Toyoda Gosei Co., Ltd.
• TRW Automotive Holdings Corp.

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.

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Categories Automotive , News , Transportation
Tags Automotive , Airbag , transportation , car
Last Updated August 20, 2020