Automotive knee airbags market is expected to experience above-average growth, registering 5.8% CAGR during the forecast period, 2017-2022.
Automotive knee airbags play an important role in passenger safety during a collision. Knee airbags are located below the steering on driver’s side and below the glove box on passenger side.
Knee airbags protect against leg injuries, keeping the occupant in a proper position. Automotive manufacturers are installing airbags to protect passengers from severe injuries and to gain top safety ratings during the crash test program.
With an increasing emphasis on safety features in vehicles, automotive manufacturers are installing airbags to minimize the injuries caused during an accident. Along with the front and side airbags, new models of cars are also providing knee airbags to prevent leg and knee injury in case of an accident. Manufacturers are also focusing on producing airbags using innovative materials and construction technique.
According to a study by Fact.MR, the global automotive knee airbags market is expected to experience steady growth. The market is projected to reach US$ 182.5 million revenue by the end of 2022.
Automobile manufacturers are deploying various in-vehicle safety features, among these, knee airbag is considered to be an important safety feature in a car. In-vehicle safety standards are also being introduced in various countries, along with this, increasing customer preference for vehicles with top safety ratings are some of the factors accelerating the global automotive knee airbags market.
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.
Know More Details About the Report
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.
Avail customized purchase options for your needs
Compact Passenger Cars to Account for Maximum Usage of Automotive Knee Airbags
Compact passenger cars are expected to be the largest users of automotive knee airbags. Compact passenger cars are estimated to reach nearly US$ 60 million revenues towards the end of 2022.
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
- Toyoda Gosei Co. Ltd.
An Adaptive Approach to Modern-day Research Needs
(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
Reducing the risk of injuries to the knee, hip and thigh during collision, knee airbags play a vital role in safety. Providing an extra layer of security, manufacturers have started applying thin layer of silicone on the airbag to protect it from heat and smooth deployment even after many years. Taking a step forward, manufacturers are providing smart airbag protecting smaller or out-of-position occupants.
This Fact.MR report discusses key prospects for growth of global automotive knee airbags market during the forecast period, 2017-2022, offering pragmatic insights to lead market players towards devising & implementing informed strategies.
The scope of the report is to analyze the global automotive knee airbags market for the period 2017-2022 and give readers an accurate, unbiased analysis. Automotive knee airbags manufacturers, suppliers, and stakeholders in the overall automotive market can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines.
The report begins with a concise summary of the global automotive knee airbags market. This executive summary sets the tone for the rest of the report, giving users the scope of the report. The executive summary includes important facts and statistics on the global automotive knee airbags market.
The next section is an overview of the global automotive knee airbags market. This includes the introduction to the market and a standard definition of the product – automotive knee airbags. In this section, year-over-year growth and market value is offered to readers. Year-over-year growth gives readers a broader picture on growth patterns during the forecast period.
The next section of the report offers a thorough description of the latest macroeconomic factors that have a bearing on the global automotive knee airbags market. Considering the interconnectedness of the automotive knee airbags market to global automotive market and, in general, the global economy, readers will get valuable insights on how international developments impact this market.
In a bid to keep readers up-to-date on the latest developments in the global automotive knee airbags market, the report offers readers a roundup of the latest trends impacting the market. As the automotive sector is ever-evolving, staying abreast with latest trends and developments is paramount to formulating key business strategies. Information on supply chain, cost structure, pricing analysis, raw material sourcing, and list of distributors are offered to readers in this section.
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.
The concluding section of the report profiles companies operating in the global automotive knee airbags market. Companies of all sizes, including market leaders, established players, and market entrants are profiled in this section. The competitive intelligence offers information on company overview and other important parameters, such as product offerings and key financials.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
Need an Exclusive Report for your Unique Requirement?
- Related Reports -
- Our Clients -
- Evaluate How Fact.MR's Report Can Help. -
Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.