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.

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:

o Hatchback
o Sedan

  • o LCV
  • India Airbag Market, By Airbag Type:

o Front Airbag
o Knee Airbag
o Side Airbag
o Curtain Airbag

  • India Airbag Market, By Demand Category:

o Aftermarket

  • India Airbag Market, By Region:

o North Region
o East Region
o West Region
o 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.