China Airbag System Market Growth, Size, Trends, Demand, Share, Revenue and Future Outlook
China Airbag System Market Size- By Airbag Type, By Inflator Type, By Vehicle Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Mar-2024 | Report ID: AMIN2493 | Pages: 1 - 103 | Formats*: |
| Category : Automotive & Transportation | |||
China Airbag System Market Introduction and Overview
According to SPER Market Research, the China Airbag System Market is estimated to reach USD 30.84 billion by 2033 with a CAGR of 8.02%.
The report includes an in-depth analysis of the China Airbag System Market, including market size and trends, product mix, distribution channels, and supplier analysis. Airbag systems are important safety elements built into modern vehicles to reduce the severity of collisions and protect occupants from damage. These systems, which include of sensors, control modules, and inflatable bags, inflate quickly when a collision is detected, creating a cushioning barrier between occupants and the vehicle's interior. The sensors, which are normally distributed throughout the car, detect rapid changes in acceleration or deceleration, notifying the control module to release the airbags. When activated, the airbags expand in milliseconds, absorbing the energy of the crash and decreasing the force felt by occupants.
- Tesla announced on Weibo in August 2022 that the additional airbag would be added to the China-made Model Y. The type Y includes remote airbags as standard equipment to ensure your overall travel safety.
- Toyoda Gosei Co., Ltd. created a driver-side airbag with a new structure in July 2021. To lessen spin during angled frontal impacts, the redesigned airbag cradles and holds the head using a donut-shaped construction.
Market Opportunities and Challenges
Opportunities: The China automotive airbag market is being driven by expanding customer awareness of safety and increasing regulatory requirements surrounding vehicle safety. Additionally, the introduction of more bags per car, vehicle production, and the rise in side-impact and curtain airbag penetration are the main factors propelling the growth of the China airbag inflator market. Furthermore, Given the nation's growing automotive industry and growing emphasis on vehicle safety, the airbag systems market in China offers a wealth of future opportunities. Modern safety measures like airbag systems are required since there is a strong demand for cars, especially passenger cars, due to the expanding middle class and increased disposable incomes. Furthermore, the industry is growing because of strict government laws requiring cars to have safety features installed.
Challenges: The market for airbag systems in China is confronted with multiple challenges. The regulatory environment's complexity is one major obstacle. Government laws require safety equipment like airbag systems to be installed in cars, but it can be difficult for manufacturers to keep up with the constantly changing standards and guarantee compliance. Furthermore, the market's prevalence of fake goods jeopardizes consumer safety significantly and damages the standing of respectable producers. In light of this, ensuring the legitimacy and caliber of airbag systems becomes imperative.
Market Competitive Landscape
Many foreign and local companies, including Robert Bosch GmbH, ZF, joys on safety systems, Autoliv Inc., and Others, dominate the China airbag systems market. The main producers of airbag systems are forming alliances and joint ventures in order to introduce more advanced models, even though this gives them a competitive advantage over rivals.
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 Covered | Robert 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. |
COVID-19 Impact on China Airbag System Market
The COVID-19 pandemic had a significant effect on the market under review because lockdowns and trade restrictions caused supply chain interruptions and the nationwide suspension of car manufacturing. To generate momentum in the market throughout the projected time, participants began concentrating on reducing such risks and developments as limitations loosened. The automotive airbag system market is expected to increase significantly between now and 2021 as severe safety criteria are implemented by regulatory bodies and vehicle sales pick up steam.
.
Key Target Audience:
- Automotive Manufacturers
- Government Regulatory Agencies
- Automotive Safety Organizations
- Research and Development Institutions
- Automotive Component Suppliers
- Insurance Companies
- Consumers / Vehicle Owners
- Investors / Financial Institutions
Our in-depth analysis of the China Airbag System Market includes the following segments:
| By Airbag Type: |
|
| By Inflator Type: |
|
| By Vehicle Type: |
|
Key Topics Covered in the Report:
- China Airbag System Market Size (FY’2024-FY’2033)
- Overview of China Airbag System Market
- Segmentation of China Airbag System Market By Airbag Type (Driver airbag, Passenger airbag, Curtain airbag, Knee airbag, Others)
- Segmentation of China Airbag System Market By Inflator Type (Pyrotechnic, Stored Gas, Hybrid)
- Segmentation of China Airbag System Market By Vehicle Type (Passenger Cars, Commercial Vehicles)
- Expansion Analysis of China Airbag System Market
- Problems and Obstacles in China Airbag System Market
- Competitive Landscape in the China Airbag System Market
- Impact of COVID-19 and Demonetization on China Airbag System Market
- Details on Current Investment in China Airbag System Market
- Competitive Analysis of China Airbag System Market
- Prominent Players in the China Airbag System Market
- SWOT Analysis of China Airbag System Market
- China Airbag System Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the China Airbag Systems Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. China Airbag Systems Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in China Airbag Systems Market
7. China Airbag Systems Market, By Airbag Type (USD Million)
7.1. China Airbag Systems Market Value Share and Forecast, By Airbag Type, 2024-20337.2. Driver airbag7.3. Passenger airbag7.4. Curtain airbag7.5. Knee airbag7.6. Others
8. China Airbag Systems Market, By Inflator Type (USD Million)
8.1. China Airbag Systems Market Value Share and Forecast, By Inflator Type, 2024-20338.2. Pyrotechnic8.3. Stored Gas8.4. Hybrid
9. China Airbag Systems Market, By Vehicle Type (USD Million)
9.1. China Airbag Systems Market Value Share and Forecast, By Vehicle Type, 2024-20339.2. Passenger Cars9.3. Commercial Vehicles
10. China Airbag Systems Market Forecast, 2020-2033 (USD Million)
10.1. China Airbag Systems Market Size and Market Share
11. China Airbag Systems Market, By Airbag Type, 2020-2033 (USD Million)
11.1. China Airbag Systems Market Size and Market Share By Airbag Type (2020-2026)11.2. China Airbag Systems Market Size and Market Share By Airbag Type (2027-2033)
12. China Airbag Systems Market, By Inflator Type, 2020-2033 (USD Million)
12.1. China Airbag Systems Market Size and Market Share By Inflator Type (2020-2026)12.2. China Airbag Systems Market Size and Market Share By Inflator Type (2027-2033)
13. China Airbag Systems Market, By Vehicle Type, 2020-2033 (USD Million)
13.1. China Airbag Systems Market Size and Market Share By Vehicle Type (2020-2026)13.2. China Airbag Systems Market Size and Market Share By Vehicle Type (2027-2033)
14. China Airbag Systems Market, By Region, 2020-2033 (USD Million)
14.1. China Airbag Systems Market Size and Market Share By Region (2020-2026)14.2. China Airbag Systems Market Size and Market Share By Region (2027-2033)14.3. Eastern Region14.4. Northern Region
14.5. Western Region14.6. Southern Region
15. Company Profile
15.1. Robert Bosch GmbH15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. Continental AG15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. Denso Corporation15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. Toyoda Gosei Co.,Ltd.15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. Hyundai Mobis Co., Ltd.15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. Autoliv Inc.15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments15.7. Joyson Safety Systems15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments15.8. ZF Friedrichshafen AG15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments15.9. Sumitomo Corporation15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments15.10. Mitsubishi Electric Corporation15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.10.4. Recent developments15.11. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
China Airbag System Market is projected to reach USD 30.84 billion by 2033, growing at a CAGR of 8.02% during the forecast period.
China Airbag System Market size from 2022. The Market is expected to reach USD 30.84 billion by 2033, at a CAGR of 8.02% during the forecast period.
China Airbag System Market CAGR of 8.02% during the forecast period.
You can get the sample pages by clicking the link - Click Here
China Airbag System Market size is 30.84 billion from 2024 to 2033.
"China Airbag System Market Segment is covered By Airbag Type, By Inflator Type, By Vehicle Type"
The Asia-Pacific is anticipated to have the highest market share in the China Airbag System Market.
The key players in the market include Companies Covered Robert 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 offers a wealth of future opportunities. Modern safety measures like airbag systems are required since there is a strong demand for cars, especially passenger cars, due to the expanding middle class and increased disposable incomes.
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
