Worldwide sales of automotive curtain airbags are valued at US$ 206.8 million in 2022, and the market is forecast to expand at a CAGR of 5.6% to reach US$ 358.4 million by 2032.
The report offers actionable and valuable market insights of Automotive Curtain Airbag. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Automotive Curtain Airbag Market across various industries and regions.
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Global market of automotive curtain airbag is projected to register a CAGR of 5.5% over the forecast period, 2017-2022. Automotive curtain airbags sales are increasingly influenced by increasing emphasis on safety among the passengers and automakers alike, which has led integration of enhanced technology to reduce the risk of accidents & injuries.
This newly published and insightful report sheds light on Market Insights of Automotive Curtain Airbag, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Automotive Curtain Airbag Market.
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Neoprene to Represent a Dominant Segment
Increasing demand for curtain airbags that are strong and resistant to ozone, oil, chemicals, and heat has led the manufacturers to coat airbags with neoprene. Sales of neoprene airbags is likely to remain high as compared to the other types of coating in the global market. Currently, the neoprene coat type segment is projected to represent around US$ 50 Mn by 2022-end.
Nylon is projected to represent a significant revenue growth as compared to other yarns available in the global market. The nylon yarn type segment is projected to represent more than US$ 40 Mn in the global market by 2017-end. The nylon segment is projected to reflect a relatively high CAGR in the global market of automotive curtain airbag through 2022.
By sales channel, sales of the automotive curtain airbags is projected to remain high through the OEM sales channel. The OEM segment is projected to represent more than US$ 50 Mn by 2017-end. However, sales of automotive curtain airbags continue to witness relatively faster growth through the aftermarket channel globally.
Mid-sized passenger cars is likely to sell more than the other vehicle in the global automotive curtain airbag market. The mid-sized passenger cars vehicle type segment is projected to represent around US$ 15 Mn by 2022-end. On the other hand, the compact passenger car is projected to reflect a relatively high CAGR in the global market through 2022.
Major players in the global market of automotive curtain airbag are Takata Corporation, Autoliv, Inc., Denso Corporation, Daicel Corporation, Toyoda Gosei Co. Ltd., Hyundai Mobis Co. Ltd., Kolon Industries, Inc., ZF Friedrichshafen AG, Delphi Automotive PLC, and Toray Industries, Inc.