Automotive Knee Airbag Market: Nylon Automotive Knee Airbags to Gain Maximum Revenue Share

Posted on 2019-06-20 by Mark Hub in Automotive // 0 Comments

Rockville, USA, 2019-Jun-20 — /EPR Network/ —

According to the latest report by Fact.MR, the global automotive knee airbags market is expected to experience above-average growth, registering 5.8% CAGR during the forecast period, 2017-2022. Automobile manufacturers have started focusing on earning top safety ratings, hence most of the new cars come with a plethora of airbags. However, knee airbags are considered as an essential feature for vehicles with high safety ratings as they protect lower extremity of the occupant. Following are the insights on the future of the global automotive knee airbags market.

Consisting of sensors, inflators, and airbags, knee airbags comprise one of the most widely adopted safety features aligning with the needs of automotive safety. Besides integration along driver seat, knee airbags are also being integrated along passengers’ sides to ensure occupant safety. Surged demands for passenger vehicles and car rentals in the light of increased shared rides are estimated to reflect substantial growth. Soaring incidences of road accidents often resulting in fatality is accounted to chiefly drive adoption upsurge in subsequent years. The trend is likely to be supplemented by government initiatives towards deploying adequate safety precautions to limit severe injury and fatality during road mishaps.

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Asia-Pacific has emerged as one of the most lucrative regional belts for automotive production. On the back of increased urbanization as well as exponentially growing population, the automotive industry in Asia-pacific region is likely to register massive growth, thereby reciprocating growth prospects in automotive knee airbag market. The surged demands for automotive knee airbags is also attributed to premiumization of cars and growing demands for luxury cars. However, notable adoption rates in budget variants is also a definitive growth trigger.

Besides traditional neopropene based airbags, silicone coated knee airbags have gained massive adoption owing to its superlative attributes such as good adhesion on synthetic substrates, besides demonstrating improved thermal resistance. Consumer preferences for light-weight airbags with superlative capabilities have encouraged adoption of silicone as apt substitutes for neopropene.

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Considering the wide scope of global automotive knee airbags market, the Fact.MR report provides an in-depth and segment-wise analysis and forecast. The global automotive knee airbags market is segmented on the basis of coating type, yarn type, sales channel, vehicle type and region. Through this section, the report provides country-wise forecast on all the key parameters.

Increasing Preference for Neoprene Coated Automotive Knee Airbags

Neoprene coated automotive knee airbags are expected to experience above-average growth during the forecast period, 2017-2022. Accounting for nearly three-fourth of the revenue share by 2017 end, neoprene coated automotive knee airbags are projected to create an incremental opportunity of over US$ 20 million during 2017-2022.

Nylon Automotive Knee Airbags to Gain Maximum Revenue Share

Towards the end of 2017, Nylon automotive knee airbags are expected to gain more than three-fourth of the revenue share. Meanwhile, automotive knee airbags made using polyester are also gaining popularity as polyester has a good dimensional stability in humid conditions.

High Sales through OEM

Witnessing above-average growth, Original Equipment Manufacturers (OEM) will emerge as one of the most lucrative sales channels. By the end of 2022, OEMs are expected to bring in nearly US$ 160 million revenue. While sales through Aftermarket is also expected to experience steady growth.

Automotive Knee Airbags Market: Competition Landscape

The report also profiles companies that are expected to remain active in the expansion of global automotive knee airbags market through 2022, which include Takata Corporation, Autoliv Inc., Daicel Corporation, Delphi Automotive Plc, Kolon Industries, Inc., Denso Corporation, Toray Industries, Inc., Hyundai Mobis Co. Ltd, ZF Friedrichshafen AG, and Toyoda Gosei Co., Ltd.

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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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