The China automotive safety airbag market was valued at US$3.284 billion in 2021 and is projected to expand at a CAGR of 5.84% over the forecast period to reach US$4.887 billion by 2028.
The growth of the market for safety airbags in China is supported by the stricter regulations under road safety and government plans regarding the development of NEVs and connected and autonomous vehicles. Furthermore, the burgeoning growth of the automotive sector of the industry is also one of the major driving factors for the market to grow throughout the forecast period. The Chinese automotive industry is considered the largest industry in the world due to the presence of key manufacturers and the availability of a large population base which is significantly driving the demand for vehicles. Moreover, the government schemes to boost the country’s manufacturing to high value-added advanced manufacturing industry from low-cost mass production under the Made in China Program 2025 are also expected as an opportunity for the manufacturers to invest in the country during the next five years.
This research study examines the China automotive safety airbag market based on various segments: product type, vehicle type, and end-user. First, a brief overview of the market details key driving factors and challenges. Next, Porter's five forces model analyzes the China automotive safety airbag industry comprehensively. This is followed by industry value chain analysis which determines the companies which are part of the different processes and contributing to various sectors.
The study also presents in-depth information concerning the development, trends, and industry policies and regulations affecting the China automotive safety airbag market. Moreover, the research study analyzes the overall regulatory framework of the China automotive safety airbag sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.
China automotive safety airbag market – Forecasts from 2023 to 2028 is a comprehensive and latest report. It provides vital market information to executives and interested stakeholders to enable them to get vital market information. The report also analyzes the competitive landscape and details strategies of key market players and also plots them on our vendor matrix in four quadrants: leader, follower, challenger, and niche.
The scope and coverage of the China automotive safety airbag market report are as below:
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Market Size Value in 2021 | US$3.284 billion |
| Market Size Value in 2028 | US$4.887 billion |
| Growth Rate | CAGR of 5.84% from 2021 to 2028 |
| Base Year | 2021 |
| Forecast Period | 2023 – 2028 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered | Product Type, Vehicle Type, and End-User |
| Companies Covered | Continental AG, Robert Bosch GmbH, Autoliv Inc., DENSO Corporation, ZF Friedrichshafen AG |
| Customization Scope | Free report customization with purchase |
Different segments covered under the China automotive safety airbag market report are as below: