The Taiwan automotive safety airbag market was valued at US$0.033 billion in 2021 and is projected to expand at a CAGR of 2.79% over the forecast period to reach US$0.040 billion by 2028.
The growth of the market for safety airbags in Taiwan is supported by the growth of the domestic automotive market. On the other hand, the country’s expertise in the R&D for the manufacturing of auto parts and components is also one of the major prime factors that are expected to drive the market during the given time frame. However, the decline in vehicle sales on account of the declining exports may hamper market growth during the coming years.
This research study examines the Taiwan 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 Taiwan’s 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 Taiwan automotive safety airbag market. Moreover, the research study analyzes the overall regulatory framework of Taiwan’s automotive safety airbag sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.
Taiwan 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 Taiwan automotive safety airbag market report is 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$0.033 billion |
| Market Size Value in 2028 | US$0.040 billion |
| Growth Rate | CAGR of 2.79% 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 Taiwan automotive safety airbag market report are as below: