The Europe Automotive Curtain Airbags Market is expected to generate revenue of USD 4.6 Billion within the present forecast years, at a CAGR of 4%.
Airbag systems were mostly used in premium vehicles just over a decade ago. The current scenario has completely changed as a result of increased regulatory pressure, strong market competition, and rising consumer worries about safety. These pressures amplify the long-standing importance for automakers to install an airbag system in every vehicle, regardless of market category.
Vehicle makers have increased the number of airbags available in cars, resulting in a threefold increase in airbag usage in the last three to four years. Almost every new car launched in the previous few years includes at least one airbag (driver side), with some additionally including curtain airbags, particularly in developing nations.
Because of the rising frequency of car accidents, automakers are now required to include airbags. Over the forecast period, an increase in public awareness and technological developments are also likely to drive demand for curtain airbags.
Market Segmentation
Based upon yarn type, the global automotive curtain airbags market is classified into Nylon and Polyester.
Based upon application, the global automotive curtain airbags market is classified into Torso Curtain Bags, Head Curtain Bags, and Combo Curtain Bags.
Based upon the sales channel, the global automotive curtain airbags market is classified into OEM and Aftermarket.
Based upon the coating type, the global automotive curtain airbags market is classified into Neoprene Coated, Silicone Coating, Non-Coated, and Others.
Based upon the vehicle type, the global automotive curtain airbags market is classified into Hatchbacks and Sedans, SUV and Crossovers, Premium Vehicles, and Commercial Vehicles.
Based upon the Region, the global automotive curtain airbags market is classified into North America, Europe, Asia-Pacific, and the Rest of the World.
Regional Classification
Europe is the largest market for curtain airbags, with a CAGR of more than 4.5 percent predicted over the projection period. The market for curtain airbags has seen a surge in growth in the region, thanks to rising customer acceptance, technological advancements, and cheaper prices. Germany is Europe's largest automobile hub, and curtain airbags are a strategically vital market there. Germany has 41 automobile assembly plants, resulting in increased demand for curtain airbags. France, Russia, Spain, and Italy are other significant contributors to the European market.
The Asia-Pacific region is the fastest-growing market for automobile curtain airbags, with plenty of room for market expansion. Consumers in emerging economies such as China and India have been encouraged to purchase high-end cars with curtain bags as their discretionary income has increased. The rapid growth of the automobile sector, as well as the high adoption rate of passive safety systems, support the growth of the market analyzed in China.
Industry News
Ningbo Joyson (China), Ashimori Industry Co., Ltd. (Japan), Takata Corporation (Japan), Toyoda Gosei Co., Ltd. (Japan), ZF Friedrichshafen AG (Germany), Takata Corporation (Japan), Toyoda Gosei Co., Ltd. (Japan), Autoliv Inc. (Sweden), and Nihon Plast Co., Ltd. (Japan) are the major industry players. The report also includes revenue, segmental share, regional income, growth plans, new product launches, MA activity, and the most recent RD projects for the company.
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