ID: MRFR/AM/3237-CR | August 2018 | Region: Global | 100 pages
Automotive curtain airbags market stood at USD 3,234.1 Mn and is likely to surpass the USD ~4.6 Billion mark by the year 2027, reflecting an above average compound annual growth rate of 4% CAGR.
This MRFR report offers an opportunity analysis of the global automotive curtain airbags market along with a six-year (2017-2023) revenue forecast. It also includes a discussion on the current adoption trends and prospects during the review period. Key macro and micro-economic aspects likely to influence the market growth are also discussed in the report. The scope of the discussion also covers different types of vehicles that are being installed with curtain airbags, which include hatchbacks and sedans, SUV and crossovers, premium vehicles, and commercial vehicles. Nylon based and polyester based curtain airbags were considered for revenue analysis based on prominent types of curtain airbags used by the automotive industry. The major application areas of curtain airbag identified are torso curtain airbags, head curtain airbags, and combo curtain airbags. OEM and aftermarket are expected to remain the two major distribution channels for curtain airbags during the forecast period. The report also offers market assessment based on the coated (neoprene, silicone) and non-coated curtain airbags.
Value, Market Share, Player Analysis, country level break-down for each segment Etc.
Autoliv Inc. (Sweden), ZF Friedrichshafen AG (Germany), Takata Corporation (Japan), Toyoda Gosei Co., Ltd. (Japan), Ningbo Joyson (China), Ashimori Industry Co., Ltd. (Japan), Nihon Plast Co., Ltd. (Japan).
The report offers insights into the leading market players and evaluates their current market share. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.
The automotive sector continues to witness new waves of disruption in terms of safety assessment where airbags play a crucial role. Automotive curtain airbags are gaining traction as an important automotive safety segment. Both premium and mid-range cars are being installed with such airbags, which has subsequently increased their demand among car manufacturers. Curtain airbags are different compared to conventional airbags that offer foreground collision safety to the occupant. Curtain airbags are most effective and functional in the event of a side impact crash. Airbags systems have continued to evolve, becoming instantaneous and efficient. Passive safety system is a key area of focus for carmakers and continues to witness R&D investments of mega scale.
Market Research Future (MRFR) employs innovative statistical algorithms for gathering impactful market insights that can drive business decisions. An in-depth analysis of constantly evolving market trends combined with a study of historical data is leveraged for providing accurate competitive intelligence. The statistical observations made in our reports are backed by data procured through extensive primary and secondary research which include interviews with stakeholders, SEC filings, whitepaper references, annual reports of key players, etc. Top-down and bottom-up approaches are employed for authenticating the credibility of the market foresight delivered. A multi-layer verification process reaffirms the market size and revenue estimation. MRFR strives to provide reliable and transparent information that helps clients in developing growth strategies.
For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global market for automotive curtain airbags
By Yarn Type
By Sales Channel
By Coating Type
By Vehicle Type
|CAGR||4% CAGR (2020-2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Technology, By End Market, By Application, By Vehicle type|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Autoliv Inc. (Sweden), ZF Friedrichshafen AG (Germany), Takata Corporation (Japan), Toyoda Gosei Co., Ltd. (Japan), Ningbo Joyson (China), Ashimori Industry Co., Ltd. (Japan), Nihon Plast Co., Ltd. (Japan)|
|Key Market Opportunities||Automotive safety segment|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The automotive curtain airbags market can surge at 15.1% CAGR by 2023.
The automotive curtain airbags market can value at USD 4,000 million by 2023.
The automotive curtain airbags market valued at USD 3,234.1 million in 2017.
Ningbo Joyson (China), Nihon Plast Co., Ltd. (Japan), and Ashimori Industry Co., Ltd. (Japan) are some reputed organizations in the automotive curtain airbags market.
The high rate of incorporation of head curtain airbags can encourage the expansion of the global automotive curtain airbags market.
Neoprene coated, non-coated, and silicone coating are types of coating that are used in automotive curtain airbags.
Global Automotive Curtain Airbags Market: Competitive Landscape
Autoliv Inc., ZF Friedrichshafen AG, Toyoda Gosei Co., Ltd., Ningbo Joyson Electronic Corporation and Ashimori Industry Co., Ltd. Ltd. are the five major players operating in the global automotive curtain airbags market in 2017. Autoliv, Inc. holds the largest share among top five players with a share of 40.1% as of 2017 followed by ZF Friedrichshafen AG and Toyoda Gosei Co., Ltd. with the respective shares of 25.6% and 9.4%. These companies continue to retain their strong global presence through expansion, mergers and acquisitions, partnerships and collaborations, and an extensive product portfolio.
Autoliv Inc. is leading company in curtain airbags market. It offers a wide range of products that increase the value and performance of the company. The company develops, designs, and sells airbags, seatbelts, and steering wheels. Its business offering segments are passive safety and electronics. The passive safety segment, which is the main segment, includes airbags and seatbelts. The electronics segment primarily includes restraint control systems, active safety products, and brake control systems. Autoliv Inc. has offices in 27 countries around the world with a vision to save more lives each year. Autoliv Inc. has headquarters in Sweden. The firm has an employee strength of approximately 72,100 individuals as of 2016. The company focuses on the development of the present product portfolio and strengthening its product portfolio. The company’s strategies include the mission of becoming the leader in the supply of automotive safety products. The company enhances its R&D stations for passive safety products in the key countries such as Japan, Germany, Sweden, France, South Korea, Sweden and the U.S. by hiring valuable engineers and increasing investments.
ZF Friedrichshafen AG is primarily engaged in the manufacturing and sales of active and passive safety technology. The firm is primarily known for its design, research and development, and manufacturing activities of the automotive industry. The company basically functions in seven divisions such as car powertrain technology division, car chassis technology division, commercial vehicle technology division, industrial technology division, E-mobility division, ZF services and TRW aftermarket, and active and passive safety technology division. There are around 35 domestic and 254 foreign subsidiaries that are controlled by ZF Friedrichshafen AG. The firm has various subsidiaries, which include ZF Sachs, Openmatics, and ZF Wind Power Antwerpen. The firm has offices located across Europe, North America, South America, Asia-Pacific, and Africa. The company continues to drive forward its research and development department to innovate the product lines. It continues to increase its research and development spending to strengthen the future technologies. The company invested USD 1.34 billion in property, plant, and equipment. This has enhanced the company’s performance and manufacturing efficiency. In March 2018, ZF developed the lightest knee airbag in the industry. It is also the first fabric housing knee airbag in the industry, which enhances vehicle occupant safety.
Toyoda Gosei Co., Ltd. offers a wide range of products that increases the value and performance of the company. The company operates majorly in two business segments, namely automotive parts and optoelectronics. The automotive parts company segment consists of interior and exterior, safety systems, weather-strips, and functional components. The optoelectronics segment comprises manufacturing and sales of LED. Toyoda Gosei is the global supplier that delivers quality and innovation to customers, worldwide, due to its integrated supply system and leading technology for automotive safety and environmental preservation. Toyoda Gosei offers a wide variety of high-quality products from approximately 100 manufacturing plants in 18 different countries and regions. Toyoda Gosei Co., Ltd. is majorly operating in Japan, Asia, and the Americas. Toyoda Gosei is geographically located in Japan. The firm has an employee strength of approximately 36,000 individuals as of 2016. Toyoda Gosei Co. Ltd. has adopted product expansion has its key strategy to cater to wider customer requirements. The company has also been building up its external network of partnership, cooperation, and joint ventures. In August 2017, Toyoda Gosei Co., Ltd. established a new airbag plant in Vietnam to meet the growing demand for airbags owing to stringent government regulation regarding the vehicle safety.
Ningbo Joyson Electronic Corporation includes design, development, manufacturing, and sales of intelligent automotive electronics, high-end functional parts, and new energy automotive electronics. The company’s segments are auto electronics, e-mobility, auto safety products, and auto components. The company primarily offers in auto safety products are active safety, passive safety, and specialty products. The company included 76 subsidiaries under its consolidated scope. The company main subsidiaries include Preh GmbH and its subsidiaries, KSS and its subsidiaries, and Quin GmbH and its subsidiaries. Ningbo Joyson Electronic Corporation is geographically located in China. The firm has an employee strength of approximately 20,000 individuals as of 2016. Ningbo Joyson Electronics Corporation mainly focuses on the strategic acquisition of the main companies to enhance its market share in the supply of automotive parts. The company recently made acquisitions of Preh GmbH and KSS in the year 2017. The company exceeded the amount of USD 40 billion in 2016, for mergers and acquisitions. The company enhances its research and development activities for the extension of the product portfolio.
Ashimori Industry Co., Ltd provides various types manufacture and sale of safety systems and disaster prevention equipment. It operates through the following segments, namely, automotive safety systems, high-performance products, and others. The automotive safety systems segment offers automobile seat belts, air bags, and interior products. The high-performance products segment offers high-performance textile materials, synthetic ropes, fire hoses, fire hydrant hoses, industrial hoses, and emergency supplies. The strategies include raising the local procurement of automotive parts at its plants in China and Mexico. The company plans to enhance the network with the local suppliers in Mexico and improve its product quality by strategic acquisition of the locally produced automotive parts companies.
The growth of the market vendors is dependent on market conditions, government support, and industry development. Players focus on strengthening their presence worldwide through partnership & collaboration followed by mergers & acquisitions during the forecast period. These strategies are widely adopted to increase their presence and the customer base. The competitive environment in the market is likely to intensify further due to the increase in new product developments and business expansions.