India airbag market is expected to grow at a CAGR of over 13.02% in volume terms, during the forecast period. The India airbag market is driven by the implementation of strict norms and regulations regarding the safety of vehicles. Additionally, an upsurge in the number of road accidents is positively impacting the growth of the market during the forecast period. Increasing demand for a safer driving experience is further expected to bolster the growth of the market over the next few years. The demand for airbags decreased with decrease in the production of cars due to COVID-19 but it is expected to bounce back because of the implementation of new rules by the government of India.

The Indian airbag market is segmented based on vehicle type, airbag type, demand category, company, and region. Based on vehicle type, the market can be categorized into hatchback, sedan, multi-purpose vehicle, sports utility vehicle, and light commercial vehicle. Out of which, the SUV and MPV vehicle type segment is expected to dominate the market during the forecast period. This can be ascribed to the fact that the number of passenger cars is growing at a significant rate in the country.

In terms of airbag type, the market is fragmented into the front airbag, knee airbag, side airbag, and curtain airbag. Among them, front airbag is leading, and it is expected to lead in the forecast period also. The side airbag segment is projected to grow at a high pace in the next five years as these side airbags are designed to help protect the head and/or chest in the event of a serious crash involving the side of your vehicle.

The major players operating in the Indian airbag, the market is Toyoda Gosei Minda India Private Limited, Autoliv India Private Limited, Rane TRW Steering Systems Limited, Takata India Private Limited, MOBIS India Limited, Ashimori India Private Limited, Denso International India Pvt. Ltd., Bosch Limited, Continental India Private Limited, Daicel Chiral Technologies India Private Limited and others. Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions, partnership, agreements, and new developments to expand their geographic reach and to increase the customer bases.

Years considered for this report:

Historical Period: FY2016-FY2019

Base Year: FY2020

Estimated Year: FY2021

Forecast Period: FY2021-FY2026

Objective of the Study:

  • To analyze the historical growth in the market size of India Airbag Market from FY2016 to FY2020.
  • To estimate and forecast the market size of India Airbag Market from FY2021 to FY2026 and growth rate until FY2026.
  • To classify and forecast India Airbag Market based on vehicle type, airbag type, demand category, company, and regional distribution.
  • To identify dominant region or segment in the India airbag market.
  • To identify drivers and challenges for India airbag market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India airbag market.
  • To conduct pricing analysis for India airbag market.
  • To identify and analyze the profile of leading players operating in India airbag market.
  • To identify key sustainable strategies adopted by market players in India airbag market.

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TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of Airbag manufacturer in India. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include vendors and manufacturers that could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channel and regional presence of all two wheeler tire manufacturers across the globe.

TechSci Research calculated the market size of Airbag market using a bottom-up approach, where data for various end-user segments were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

 
Key Target Audience:

  • Airbag manufacturers
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers.
  • Organizations, forums and alliances related to airbag. 

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

  • In this report, India airbag market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
  • India Airbag Market, By Vehicle Type:
    • Hatchback
    • Sedan
    • SUV & MPV
    • LCV
  • India Airbag Market, By Airbag Type:
    • Front Airbag
    • Knee Airbag
    • Side Airbag
    • Curtain Airbag
  • India Airbag Market, By Demand Category:
    • OEM
    • Aftermarket
  • India Airbag Market, By Region:
    • North Region
    • East Region
    • West Region
    • South Region

Company Profiles: Detailed analysis of the major companies present in India airbag market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

Profit margin analysis in case of direct and indirect sales channel.

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.      Product Overview

2.      Research Methodology

3.      Executive Summary

4.      Voice of Customer

4.1.   Factors Influencing Purchase Decision

4.2.   Brand Awareness

4.3.   Challenges Faced Post Purchasing

5.     India Airbag Market Outlook

5.1.     Market Size & Forecast

5.1.1. By Value

5.1.2. By Volume

5.2.     Market Share & Forecast

5.2.1. By Vehicle Type (Hatchback, Sedan, SUV & MPV and LCV)

5.2.2. By Airbag Type (Front Airbag, Knee Airbag, Side Airbag and Curtain Airbag)

5.2.3. By Demand Category (OEM and Aftermarket)

5.2.4. By Region (North, South, East and West)

5.2.5. By Company (FY2020)

5.3.    Product Market Map

6.     West India Airbag Market Outlook

6.1.   Market Size & Forecast

6.1.1.  By Value & Volume

6.2.   Market Share & Forecast

6.2.1. By Vehicle Type

6.2.2. By Airbag Type

6.2.3. By Demand Category

7.     North India Airbag Market Outlook

7.1.   Market Size & Forecast

7.1.1.  By Value & Volume

7.2.   Market Share & Forecast

7.2.1. By Vehicle Type

7.2.2. By Airbag Type

7.2.3. By Demand Category

8.     South India Airbag Market Outlook

8.1.   Market Size & Forecast

8.1.1.  By Value & Volume

8.2.   Market Share & Forecast

8.2.1. By Vehicle Type

8.2.2. By Airbag Type

8.2.3. By Demand Category

9.     East India Airbag Market Outlook

9.1.   Market Size & Forecast

9.1.1.  By Value & Volume

9.2.   Market Share & Forecast

9.2.1. By Vehicle Type

9.2.2. By Airbag Type

9.2.3. By Demand Category

10.   Market Dynamics

10.1. Drivers

10.2. Challenges

11.   Market Trends & Development

12.   Policy & Regulatory Landscape

13.   India Economic Profile

14.   Impact of COVID-19 on India Airbag Market

15.   Competitive Landscape

15.1. Toyoda Gosei Minda India Private Limited

15.2. Autoliv India Private Limited

15.3. Rane TRW Steering Systems Limited

15.4. Takata India Private Limited

15.5. MOBIS India Limited

15.6. Ashimori India Private Limited

15.7. Denso International India Pvt. Ltd.

15.8. Bosch Limited

15.9. Continental India Private Limited

15.10.  Daicel Chiral Technologies India Private Limited

16.   Strategic Recommendations

17.   About Us & Disclaimer

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
  • Figure 1: India Airbag Market - Factors Influencing Purchase Decision (N=100)

    Figure 2: India Airbag Market - Aided Brand Recall (N=100)

    Figure 3: India Airbag Market - Unaided Brand Recall (N=100)

    Figure 4: India Airbag Market, Brand Satisfaction Level (N=100)

    Figure 5: India Airbag Market - Brand Satisfaction Level, By Product Quality (N=100)

    Figure 6: India Airbag Market Size, By Value (USD Million), By Volume (Thousand Unit), FY2016-FY2026F

    Figure 7: India Airbag Market Share, By Vehicle Type, By Volume, FY2016-FY2026F

    Figure 8: India Airbag Market Share, By Airbag Type, By Volume, FY2016-FY2026F

    Figure 9: India Airbag Market Share, By Demand Category, By Volume, FY2016-FY2026F

    Figure 10: India Airbag Market Share, By Region, By Volume, FY2016-FY2026F

    Figure 11: India Airbag Market Share, By Company, By Volume, FY2020

    Figure 12: India Airbag Market Map, By Vehicle Type, Market Size (Thousand Unit) & Growth Rate (%)

    Figure 13: India Airbag Market Map, By Airbag Type, Market Size (Thousand Unit) & Growth Rate (%)

    Figure 14: West India Airbag Market Size, By Value (USD Million), By Volume (Thousand Unit), FY2016-FY2026F

    Figure 15: West India Airbag Market Share, By Vehicle Type, By Volume, FY2016-FY2026F

    Figure 16: West India Airbag Market Share, By Airbag Type, By Volume, FY2016-FY2026F

    Figure 17: West India Airbag Market Share, By Demand Category, By Volume, FY2016-FY2026F

    Figure 18: North India Airbag Market Size, By Value (USD Million), By Volume (Thousand Unit), FY2016-FY2026F

    Figure 19: North India Airbag Market Share, By Vehicle Type, By Volume, FY2016-FY2026F

    Figure 20: North India Airbag Market Share, By Airbag Type, By Volume, FY2016-FY2026F

    Figure 21: North India Airbag Market Share, By Demand Category, By Volume, FY2016-FY2026F

    Figure 22: South India Airbag Market Size, By Value (USD Million), By Volume (Thousand Unit), FY2016-FY2026F

    Figure 23: South India Airbag Market Share, By Vehicle Type, By Volume, FY2016-FY2026F

    Figure 24: South India Airbag Market Share, By Airbag Type, By Volume, FY2016-FY2026F

    Figure 25: South India Airbag Market Share, By Demand Category, By Volume, FY2016-FY2026F

    Figure 26: East India Airbag Market Size, By Value (USD Million), By Volume (Thousand Unit), FY2016-FY2026F

    Figure 27: East India Airbag Market Share, By Vehicle Type, By Volume, FY2016-FY2026F

    Figure 28: East India Airbag Market Share, By Airbag Type, By Volume, FY2016-FY2026F

    Figure 29: East India Airbag Market Share, By Demand Category, By Volume, FY2016-FY2026F