China is the global leader in automotive production and sales. China airbag market is expected to grow at a CAGR of 7.5% during the forecast period. As per the International Organization of Motor Vehicle Manufacturers, China has manufactured about 27.8 million vehicles in 2018. The Chinese Central Government expects that China’s automotive output will touch 30 million units by 2020 and 35 million by 2025. It provides an immense opportunity for the Chinese airbag market as safety is one of the major concerns for China. A huge airbag market is expected in the country as the country occupies about 30% of the total vehicle market and 35% of the passenger vehicle market globally. The top automotive brand of China includes FAW Group, BYD Company, Chery, Zhejiang Geely Holding Group Co (Geely), Great Wall Motors and so further.
To Request a Sample of our Report on China Airbag Market: https://www.omrglobal.com/request-sample/china-airbag-market
The government of China has launched Made in China 2025 initiatives for the manufacturing industry. The aim of the initiative is to upgrade the industry from low-cost mass production to higher value-added advanced manufacturing. The initiative priorities 10 sectors which also includes automotive. The initiative includes sell off a million units of the domestically produced pure electric vehicles. Numerous targets are also set related to driver assistance, active and passive safety, automatic driverless systems and so on.
The Chinese airbag market is segmented on the basis of type and vehicle type. By type, the market is further segmented into front airbag, side airbag, curtain airbag, and knee airbag. During the forecast period, the front airbag segment is expected to have a major market share during the forecast period. By vehicle type, the market is segmented into passenger cars and commercial vehicles. Passenger car is expected to have a major market share during the forecast period.
(Get 15% Discount on Buying this Report)
A full Report of China Airbag Market is Available at: https://www.omrglobal.com/industry-reports/china-airbag-market
China Airbag Market Segmentation
By Type
- Front Airbag
- Side Airbag
- Curtain Airbag
- Knee Airbag
By Vehicle Type
- Passenger Cars
- Hatchback
- Sedan
- SUV
- Commercial Vehicle
Company Profiles
- Autoliv Inc.
- Continental AG
- DENSO Corp.
- Hyundai Mobis Co., Ltd.
- Key Safety Systems, Inc.
- NXP Semiconductors N.V.
- Robert Bosch GmbH
- Toyoda Gosei Co., Ltd.
- TRW Automotive Holdings Corp.
Reasons to Buy From us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/china-airbag-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
For More Information, Visit Orion Market Research
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
