China is the global leader in automotive production and sales. China passenger car airbag market is forecast to grow at a CAGR of around 8% during the forecast period. As per the International Organization of Motor Vehicle Manufacturers, China has manufactured about 23.5 million passenger vehicles in 2018, highest all across the globe. It is expected to have a huge passenger car airbag market in the country as China occupies about 30% of the total vehicle market and 35% of the passenger vehicle market globally. The top automotive brand of China includes FAW Group, BYD Company, Chery, Zhejiang Geely Holding Group Co (Geely), Great Wall Motors and so further. Moreover, car production is expected to increase significantly during the forecast period as the country is significantly working in electrical vehicle technology. It will augment the passenger car exports from the country. 

The government of China has launched Made in China 2025 initiatives for the manufacturing industry. The aim of the initiative is to upgrade the industry from low-cost mass production to higher value-added advanced manufacturing. The initiative priorities 10 sectors which also includes automotive. The initiative includes sell off a million units of the domestically produced pure electric vehicles. Numerous targets are also set related to driver assistance, active and passive safety, automatic driverless systems and so on. The Chinese passenger car airbag market is segmented on the basis of type and vehicle type. By type, the market is further segmented into front airbag, side airbag, curtain airbag, and knee airbag. During the forecast period, the front airbag segment is expected to have a major market share. By vehicle type, the market is segmented into hatchback, sedan, and SUV. Hatchback segment is expected to have a major market share during the forecast period. 

The companies which are contributing significantly in the market include Key Safety Systems, Inc., Robert Bosch GmbH, TRW Automotive Holdings Corp., Hyundai Mobis Co., Ltd., Continental AG, NXP Semiconductors N.V., Autoliv Inc., Toyoda Gosei Co., Ltd., DENSO Corp., and others. The market players are considerably contributing to the market growth by the adoption of various growth strategies including new product launch, merger, and acquisition, collaborations with government, and technological advancements to stay competitive in the market. 

Research Methodology

The market study is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to brings authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for automotive companies, auto-ancillary companies, vendors, government organizations, venture capitalists for the comprehensive market analysis. The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. China Passenger Car Airbag Market Research and Analysis by Type
2. China Passenger Car Airbag Market Research and Analysis by Vehicle Type

The Report Covers

• Comprehensive research methodology of the China Passenger Car Airbag Market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the China Passenger Car Airbag Market.
• Insights about market determinants which are stimulating the China Passenger Car Airbag Market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.