DUBLIN--(BUSINESS WIRE)--The "Research Report on Automobile Air Bag Industry in China, 2018-2022" report has been added to Research and Markets' offering.
This market research indicates that the installation rate of air bags has exceeded 70% in 2017, even for those automobiles that are sold at prices of approximately USD 10,000. In 2017, the market value of China's air bag industry has exceeded CNY 10 billion (USD 1.5 billion).
An air bag system is a kind of protection system providing passive safety. It provides passengers with effective protection against collision along with the use of seat belts. Automobile air bags can reduce the probability of head injuries by 25% and that of face injuries by 80% in a car crash. There is a remarkable growth in the penetration rate of air bags with the launch of vehicle safety standards in different countries. In developed countries, this rate has approached close to 100%. The global output volume of automobiles has exceeded 90 million in 2017, representing an upward trend for years. As the global automobile industry develops, the air bag industry also continues to grow.
Estimated by the researcher, the global market value of air bags has reached over USD 10 billion in 2017. The global air bag industry is driven by the growth of the global output volume of automobiles. This industry is expected to prosper in the near future due to increases in the application volume of air bags.
According to the report, barriers such as technology and sales channel contribute to a high concentration rate of the global air bag industry, mainly dominated by foreign-invested enterprises. In the global market, famous air bag manufacturers include AUTOLIV, TRW, TAKATA, TOYODA GOSEI and KSS, occupying more than 80% market shares in total. AUTOLIV is the world's biggest air bag manufacturer, further consolidating its position after requiring Delphi air bags.
Market investigation by the author shows that China's air bag industry is mainly dominated by multinational corporations such as AUTOLIV, TRW, TAKATA and TOYODA GOSEI. Market shares occupied by domestic air bag manufacturers represent less than 30% in 2017. AUTOLIV is an OEM partner of automobile enterprises like General Motors, Ford and Volkswagen.
Similarly, TOYODA GOSEI is an OEM partner of Toyota, Changan Suzuki, etc. and TRW is an OEM partner of Volkswagen, General Motors, etc. A majority of clients of TAKATA are Japanese automobile enterprises, but TAKATA also supplies to Volkswagen and some domestic enterprises in China. In 2016, the export value of air bags in China was approximately USD 6.6 million, with a slightly higher import value of USD 7.78 million.
Key Topics Covered:
Chapter I Relevant Concept of Automobile Air Bag Industry
Chapter II Development Environment of China Automobile Air Bag Industry, 2013-2017
Chapter III Analysis on China Automobile Air Bag Industry, 2013-2017
Chapter IV Analysis on China Automobile Air Bag Industry Chain
Chapter V Analysis on Competition of China Automobile Air Bag Industry, 2017
Chapter VI Major Automobile Air Bag Manufacturers in the Globe, 2017
Chapter VII Prospect of China Automobile Air Bag Industry, 2018-2022
For more information about this report visit https://www.researchandmarkets.com/research/jpj4b9/research_report