The Asia Pacific automotive safety airbag market was valued at US$5.880 billion in 2021 and is projected to expand at a CAGR of 6.11% over the forecast period to reach US$8.906 billion by 2028.
The growth of the market in the Asia Pacific region is majorly attributed to the rising automobile demand in the major developing countries such as India, China, and Indonesia coupled with the rising government initiatives for the mandatory requirements of airbags in the vehicles in some of the countries. Furthermore, the rising disposable income and the growing middle-class population are also anticipated to boost the demand for vehicles which will simultaneously augment automobile production thus fueling the growth of the market. Moreover, the growth in the production of vehicles in major countries such as India, China, and Japan along with increasing investments by major luxury car manufacturers with an aim to boost manufacturing on account of the growing demand further shows the growth potential of the automotive safety airbags market in the Asia Pacific region during the coming years.
This research study examines the Canadian automotive safety airbag market based on various segments: product type, vehicle type, and end-user. First, a brief overview of the market details key driving factors and challenges. Next, Porter's five forces model comprehensively analyzes Asia Pacific’s automotive safety airbag industry. This is followed by industry value chain analysis which determines the companies which are part of the different processes and contributing to various sectors.
The study also presents in-depth information concerning the development, trends, and industry policies and regulations affecting the Asia Pacific automotive safety airbag market. Moreover, the research study analyzes the overall regulatory framework of Asia Pacific’s automotive safety airbag sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.
Asia Pacific automotive safety airbag market – Forecasts from 2023 to 2028 is a comprehensive and latest report. It provides vital market information to executives and interested stakeholders to enable them to get vital market information. The report also analyzes the competitive landscape and details strategies of key market players and also plots them on our vendor matrix in four quadrants: leader, follower, challenger, and niche.
The scope and coverage of the Asia Pacific automotive safety airbag market report are as below:
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Market Size Value in 2021 | US$5.880 billion |
| Market Size Value in 2028 | US$8.906 billion |
| Growth Rate | CAGR of 6.11% from 2021 to 2028 |
| Base Year | 2021 |
| Forecast Period | 2023 – 2028 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered | Product Type, Vehicle Type, and End-User |
| Companies Covered | Continental AG, Robert Bosch GmbH, Autoliv Inc., DENSO Corporation, ZF Friedrichshafen AG, Aptiv PLC, Hyundai Mobis Co. Ltd., Nihon Plast Co. Ltd., Ningbo Joyson Electronic Corp., Toyoda Gosei Co. Ltd. |
| Customization Scope | Free report customization with purchase |
Different segments covered under the Asia Pacific automotive safety airbag market report are as below: