Worldwide Motorcycle Airbag System market:
The increasing manufacturing sector and increasing demand for cost-cutting mechanisms with also high safety standards provided by airbags are the factors considered to drive the growth of the motorcycle airbag system market. Due to increasing government standards and high rise of accidental deaths, motorcycle airbag system is used by many of the mass producers in the industry for its gaining popularity in the market and consideration of airbags as essential safety gear.
Silicon coated airbags are the rising technological advancement in the airbags manufacturing industry owing to high heat resistant capacity of silicone material compared to provisional nylon coating. According to R&D department of IIT Madras, silicone is 1.5 times lighter in weight and 3 times stronger than Nylon owing to the hexagonal structure of silicone molecules and excellent bonding pattern of its atoms. Neoprene coatings is also used as a derivative for polyester coating as neoprene is the excellent absorber of pressure and hence is the very intelligent recommendation for safety jackets used by riders.
According to Robert Bosch GmbH, motorcycle airbag system market is expected to reach approximately 1 billion USD during the forecast period up to 2026 owing to high rise in the automobile industry in emerging economies across the globe. Furthermore, company also stated that market is expected to register CAGR of 5% for motorcycle airbag system market in the automotive sector.
North America is the dominating region in the market owing to well established infrastructure capabilities and growing popularity of modified bikes in the region and growing market consensus for manufacturing sector. US is the dominating country in the region followed by Canada and Mexico in terms of market share of 40%. Asia Pacific region market is expected to boost in forecasting period owing to increasing disposable income of the consumers and well established infrastructure facilities.
Although, high prices of airbags and increasing fuel demand in the APAC region is expected to hinder the motorcycle airbag system market growth in the region.
In a recent research report by Maximize Market Research, the Motorcycle Airbag System Market is expected to surpass US $300 million by the year 2026, from US $XX billion in 2019.
Despite a huge decline in the sales of Airbag Fabrics during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 6.4%, during the tenure of 2020 – 2026.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of white goods in the region, the Value – Chain analysis, and the PORTER’s analysis for the white goods market at a global level. The study is consolidated on the basis of fourmajor segments and further into sub-segments, Airbag Fabric (nylon {nylon 4.6, nylon 6 6, nylon 6}, polyester), Airbag Components (airbag module, crash sensors, inflator, airbag ECU), Coating Type (silicone coated, neoprene coated, and non- coated), Distribution Channel (aftermarket and OEM) to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2019, considering 2019 as the base year.
Lastly, the market research report provides a regional comparison and a complete country level analysis for the latest trends, along with the major key players-Alpinestars, Dianese S.P.A, Helite, Air Vest, Spidi, Moto Air, Mugen Denko Co. Ltd., Honda Motor Co. Ltd., ZF Friedrichshafen AG, Autoliv, Continental AG, Toyoda Gosei Corporation, Robert Bosch GmbH, Joyson Safety Syatems
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Motorcycle Airbag System Market.”
https://www.maximizemarketresearch.com/market-report/global-motorcycle-airbag-system-market/94533/
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