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Europe Airbag Systems Market Size (2024 - 2029)

The Europe Airbag Systems Market is anticipated to experience significant growth, driven by advancements in automotive technology and the presence of numerous premium original equipment manufacturers in the region. The increasing demand for both passenger and commercial vehicles, coupled with stringent safety regulations and innovations in airbag materials and designs, is contributing to the expansion of the market. Additionally, the rising popularity of electric vehicles further supports market growth. However, the presence of many small local players offering competitive products poses a challenge for major industry participants.

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Market Size of Europe Airbag Systems Industry

Europe Airbag Systems Market_Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 7.00 %
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

Europe Airbag Systems Market Analysis

The Europe Airbag Systems Market is projected to grow with a CAGR of more than 7 % during the forecast period.

  • With technological advancement in automobile space and presence of several premium OEM brands like Audi, BMW, Volkswagen and others in the region, the demand of passenger as well as commercial vehicles are very promising as compared to the global scenario. The OEMs in the region are exporting their vehicles to many parts of the world, so the exports plays a major role in European automotive market.
  • Growing safety regulations for safety of driver and passengers and with the advancement in material used for making airbags with developments in side & curtain airbags to provide head & neck protection to passengers in side collision crashes are enhancing the growth in the market.
  • The demand for electric vehicles in the region is increasing with a very high rate. In 2019, 564,206 plug-in electric cars were sold in Europe, which is higher by 45% numbers in 2018.
  • However, there are many small local players present in the market which are providing relays for vehicles is a concern for the major players and the industry.

Europe Airbag Systems Industry Segmentation

The Europe Airbag Systems Marketreport covers a detailed study on the latest trends and innovations in the market which is segmented by Component Type (Air Bag Module, Crash Sensors, Monitoring Unit and Others), Coating Type (Neoprene Coated, Non-Coated, Silicone Coated and Others), Vehicle Type (Passenger Car, Commercial Vehicle), and Country. Along with the major players, their strategies, innovations, technological advancements and financials are also covered in the report.

Component Type
Airbag Module
Crash Sensors
Monitoring Unit
Others
Vehicle Type
Passenger Cars
Commercial Vehicle
Coating Type
Neoprene Coated
Non-Coated
Silicone Coated
Others
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Europe Airbag Systems Market Size Summary

The Europe Airbag Systems Market is experiencing robust growth, driven by technological advancements in the automotive sector and the presence of premium OEM brands such as Audi, BMW, and Volkswagen. The region's automotive industry benefits from strong demand for both passenger and commercial vehicles, with exports playing a significant role in the market's expansion. The increasing emphasis on safety regulations and advancements in airbag technology, including side and curtain airbags for enhanced protection, are key factors propelling market growth. The rising demand for electric vehicles further contributes to the market's positive outlook, despite the presence of numerous small local players posing challenges to major industry participants.

The market is characterized by a fragmented landscape with several prominent companies like Robert Bosch, Denso Corporation, and Autoliv Inc. investing heavily in research and development to innovate and improve airbag systems. The European market has shown resilience, with passenger car sales and vehicle manufacturing witnessing significant growth, particularly in Germany. Major automotive OEMs and well-known auto-ancillary companies in the region are collaborating to enhance vehicle safety features, thereby attracting more demand. Innovations such as pre-crash external side airbags and front-center airbags are examples of the advancements being made to improve passenger safety.

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Europe Airbag Systems Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porters Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Component Type

      1. 2.1.1 Airbag Module

      2. 2.1.2 Crash Sensors

      3. 2.1.3 Monitoring Unit

      4. 2.1.4 Others

    2. 2.2 Vehicle Type

      1. 2.2.1 Passenger Cars

      2. 2.2.2 Commercial Vehicle

    3. 2.3 Coating Type

      1. 2.3.1 Neoprene Coated

      2. 2.3.2 Non-Coated

      3. 2.3.3 Silicone Coated

      4. 2.3.4 Others

Europe Airbag Systems Market Size FAQs

The Europe Airbag Systems Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)

Autoliv Inc., Robert Bosch GmbH, Continental AG, Denso Corporation and Hyundai Mobis are the major companies operating in the Europe Airbag Systems Market.

Europe Airbag Systems Report Snapshots

Europe Airbag Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)