Indian Passenger Car Airbag Market: Market Size, Industry Trends, Leading Players, Market Share and Forecast 2019-2025

The Indian passenger car airbag market is expected to grow at a CAGR of around 10% during the forecast period. The country is one of the largest automotive producers all across the globe. In 2018, the country produced around 4 million passenger cars were produced in the country which is around 78% of the total vehicle production (passenger cars and commercial vehicles).

To learn more about Indian Passenger Car Airbag Market report request a free sample copy @ https://www.omrglobal.com/request-sample/india-passenger-car-airbag-market

The major factor for the growth of the market in the country includes rising disposable income of the people, increasing awareness related to road safety, high prevalence of road accidents and cohesive government regulations. The government has mandated to install at least one airbag in the vehicle due to which the automaker has to introduce airbags in their lower segment cars also.

Moreover, the country is one of the preferred economies by most of the major automotive and auto-ancillary companies for setting up production facilities. A number of companies had collaborated with the local automotive manufacture as per government regulation for the export of the vehicles. The Indian automotive and auto-ancillary industry is supported by various factors such as availability of skilled labor at low cost, robust R&D centers, and low-cost steel production.

The Indian passenger car airbag market is studied on the basis of type and vehicle type. By type, the market is further divided 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 with a significant growth rate. By vehicle type, the market is segmented into Hatchback, Sedan, and SUV. The hatchback segment is expected to have a significant market growth during the forecast period.

A full report of Indian Passenger Car Airbag Market is available at https://www.omrglobal.com/industry-reports/india-passenger-car-airbag-market

Indian Passenger Car Airbag Market-Segmentation

By Type
o Front Airbag
o Side Airbag
o Curtain Airbag
o Knee Airbag

By Vehicle Type
o Hatchback
o Sedan
o SUV

Company Profiles
o Autoliv Inc.
o Continental AG
o Daicel Corp.
o DENSO Corp.
o Hyundai Mobis Co., Ltd.
o Key Safety Systems, Inc.
o NXP Semiconductors N.V.
o Robert Bosch GmbH
o Toyoda Gosei Co., Ltd.

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/india-passenger-car-airbag-market

Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 780-304-0404

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.