Global Automotive Airbag Inflators Market to See Sustainable Growth, Forecasts Stratview Research in Its Report Available at MarketPublishers.com27 Dec 2016 • by Natalie Aster
LONDON – The global market for automotive airbag inflators is set to experience sustainable growth in the years to come. Its CAGR is projected to be just under 4% over the period 2016-2021.
A value of this marketplace is expected to be around USD 4.78 billion in 2021. The use of an increased number of bags in cars, growth of the APAC market, growth in the automotive production globally are some of major factors driving growth of the worldwide marketplace.
Pyrotechnic inflators dominate the global space at the moment. MPVs, compact cars and LCVs are set to offer a robust growth opportunity for the usage of airbag inflators in the automotive industry.
When it comes to the regional performance Europe is the top player. Airbags boast impressive penetration in Europe and the U.S. Still, APAC is set to become a leader in the years to come. China and other emerging markets will encourage this trend.
China, for instance, is set to have the same number of airbags in vehicles as the U.S. and Europe have.
Some of the dominant airbag inflator suppliers comprise: ZF TRW, Toyodo Gosei, Takata, etc.
In-demand research report “Global Automotive Airbag Inflators Market: 2016 – 2021” developed by Stratview Research offers an up-close look at the worldwide market for automotive airbag inflators. The study starts with an all-round overview of this industry.
It proceeds with an in-depth insight into environment of this market: the report throws light on driving forces, constraints, etc. The report examines the marketplace on the basis of airbag types, vehicle types, regions and countries, and more.
The research report investigates the competitive environment and discusses strategic growth opportunities. The study limelights key players and forecast future development of the marketplace.
More insightful reports by Stratview Research can be found at its page.