China Airbag System Market Size- By Airbag Type, By Inflator Type, By Vehicle Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
China Airbag System Market Introduction and Overview
According to SPER market research, ‘China Airbag Systems Market Size -By Replacement Part, By Distribution Channel, By Certification – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the China Airbag Systems Market is predicted to reach USD 30.84 billion by 2033 with a CAGR of 8.02%.
An airbag is an occupant-restraint system for cars that uses a bag that expands rapidly before collapsing in an accident. Due to constant and creative advancements in airbag technology, these airbags are now more effective at reducing the force of collisions. Between the occupants of the car and the headliner, dashboard, body pillar, steering wheel, and windshield, the airbag expands the area that absorbs energy.
The COVID-19 pandemic significantly affected China’s airbag systems market and created major disruptions in the automotive industry. Early in the pandemic, widespread lockdowns, disruptions in the supply chain, and a decline in consumer demand caused a sharp decline in car production and sales. When automakers ceased producing airbag systems or reduced their production, the demand for them decreased. The reduction in vehicle utilization resulting from mobility limitations and social distancing measures also lessened the need for airbag installation or repair.
Scope of the Report:Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Airbag Type, By Inflator Type, By Vehicle Type
Regions covered Eastern Region, Western Region, Southern Region, Northern Region
Companies CoveredRobert Bosch GmbH, Continental AG, Denso Corporation, Toyoda Gosei Co. Ltd, Hyundai Mobis Co, Ltd, Autoliv Inc, Joyson Safety Systems, ZF Friedrichshafen AG, Sumitomo Corporation, Mitsubishi Electric Corporation, Others.
China Airbag Systems Market Key Segments Covered
By Airbag Type:Based on the Airbag Type, China Airbag Systems Market is segmented as; Driver airbag, Passenger airbag, Curtain airbag, Knee airbag, Others.
By Inflator Type:Based on the Distribution Channel, China Airbag Systems Market is segmented as; Pyrotechnic, Stored Gas, Hybrid.
By Vehicle Type:Based on the Application, China Airbag Systems Market is segmented as; Passenger Cars, Commercial Vehicles