The automotive curtain airbags market share is expected to increase by USD 50.16 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 7.46%.
The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (passenger cars and commercial vehicles) and geography (APAC, North America, Europe, South America, and MEA).
The automotive curtain airbags market report also offers information on several market vendors, including Autoliv Inc., Daicel Corp., Hyundai Mobis Co. Ltd., Ningbo Joyson Electronic Corp., Robert Bosch GmbH, Sumitomo Corp., Toray Industries Inc., Toyoda Gosei Co. Ltd., Visteon Corp., and ZF Friedrichshafen AG among others.
Daicel Corp. - The company offers various types of products such as inflators, PGG, and pyro fuse. The main products under the transportation segment are Lithium-ion batteries, Automotive airbags systems, Gas generators for seat belts, Fuel pump modules, and others.
What will the Automotive Curtain Airbags Market Size be During the Forecast Period?
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Parent Market Analysis
Technavio categorizes the global automotive curtain airbags market as a part of the global automotive components and accessories market within the global auto components market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive curtain airbags market during the forecast period.
Automotive Curtain Airbags Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a negative impact on the market growth during and post-COVID-19 era. The production shift to low-cost countries is notably driving the automotive curtain airbags market growth, although factors such as a sharp decline in automobile production and sales may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Automotive Curtain Airbags Market Driver
- Production shift to low-cost countries is a key driver boosting the automotive curtain airbags market growth.
- Automobile manufacturers have started looking for low-cost manufacturing opportunities in APAC countries such as Taiwan, India, and Vietnam.
- The production shift to low-cost countries will allow automobile manufacturers to reduce the selling price, thereby increasing the demand.
- The increased demand will support the growth of automotive components and accessories such as airbags, and curtain airbags. Hence, the shifting of automobile production to low-cost countries will drive the global automotive curtain airbags market during the forecast period.
Key Automotive Curtain Airbags Market Challenge
- The sharp decline in automobile production and sales will be a major challenge for the automotive curtain airbags market during the forecast period.
- All passenger cars and commercial vehicles have windshields and windows. Therefore, the overall production and sales of automobiles will have an impact on the global automotive curtain airbags market.
- Since 2018, the global automotive market is registering a slump in terms of sales and production, which is leading to a decline in the demand for several automotive components.
- The slowdown in the growth rate of the sales of vehicles in 2019 is increasing the inventory cost for OEMs and compelling them to reduce or temporarily stop production. Such factors that adversely affect automotive sales and production are reducing the demand for automotive components and parts, such as airbags, in the global automotive market and are hampering the growth of the global automotive curtain airbags market.
This automotive curtain airbags market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Automotive Curtain Airbags Market Value Chain Analysis
Our In-house experts produce extensive information on the value chain and parent market of the automotive curtain airbags market, which vendors can leverage to gain a competitive advantage during the forecast period. The value chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.
Which are the Key Regions for Automotive Curtain Airbags Market?
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44% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for automotive curtain airbags in APAC. Market growth in this region will be faster than the growth of the market in other regions. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What is the Fastest-Growing Application Segment in the Automotive Curtain Airbags Market?
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The automotive curtain airbags market share growth by the passenger cars segment will be significant during the forecast period. The adoption of side/curtain airbags, knee airbags, and exterior airbags is increasing in the passenger cars segment. This is expected to remain a major driving factor for the growth of the passenger cars segment in the global automotive curtain airbags market during the forecast period. As the penetration of curtain airbags is high in this segment, the growth of the market is highly dependent on the production and sales of passenger cars.
This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive curtain airbags market size and actionable market insights on the post-COVID-19 impact on each segment.
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Automotive Curtain Airbags Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.46% |
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Market growth 2021-2025 |
$ 50.16 million |
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Market structure |
Fragmented |
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YoY growth (%) |
7.19 |
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Regional analysis |
APAC, North America, Europe, South America, and MEA |
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Performing market contribution |
APAC at 44% |
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Key countries |
US, China, Japan, Germany, and South Korea (Republic of Korea) |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
Autoliv Inc., Daicel Corp., Hyundai Mobis Co. Ltd., Ningbo Joyson Electronic Corp., Robert Bosch GmbH, Sumitomo Corp., Toray Industries Inc., Toyoda Gosei Co. Ltd., Visteon Corp., and ZF Friedrichshafen AG |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Automotive Curtain Airbags Market Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive automotive curtain airbags market growth during the next five years
- Precise estimation of the automotive curtain airbags market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behaviour
- The growth of the automotive curtain airbags industry across APAC, North America, Europe, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive analysis of factors that will challenge the growth of machine tools market vendors
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