Suspension Air Bags Market: Global Industry Analysis and Forecast (2023-2029)

Suspension Air Bags Market size was valued at US$ 2.38 Bn. in 2022 and the total revenue is expected to grow at 8.8% through 2023 to 2029, reaching nearly US$ 4.30 Bn.

Suspension Air Bags Market Overview:

In the case of a collision, an airbag is defined as an occupant-restraint device in a vehicle that uses a bag that inflates and deflates quickly. The system consists of an airbag cushion, a flexible fabric bag, an inflating module, and an impact sensor. An airbag's purpose is to offer soft cushioning and restraint to a vehicle occupant in the event of a collision. It has the ability to reduce injuries from the flailing occupant colliding with the interior of the car. The airbag provides an energy-absorbing surface between the occupants of the car and the steering wheel, instrument panel, body pillar, headliner, and windshield. The driver, passenger, side-curtain, seat-mounted, door-mounted, B and C-pillar mounted side-impact, knee bolster, inflatable seat belt, and pedestrian airbag modules are among the ten airbag modules featured in modern automobiles. During a collision, the airbag electronic controller unit (ECU) gets important information from the vehicle's crash sensors, such as collision type, angle, and impact severity. Suspension Air Bags MarketTo know about the Research Methodology :- Request Free Sample Report This information is used by the airbag ECU's crash algorithm to assess whether the accident event fits the requirements for deployment and subsequently triggers various firing circuits to deploy one or more airbag modules within the vehicle. The deployment of airbag modules is activated by a pyrotechnic technique that is only utilised once and serves as a backup to the vehicle's seatbelt systems. Newer side-impact airbag modules have compressed-air cylinders that are triggered in the case of a side-on vehicle impact. The first commercial designs for passenger automobiles were developed in the 1970s, with mixed success and even fatalities. Many markets witnessed extensive commercial adoption of airbags in the late 1980s and early 1990s. In today's cars, six or more units are typical.

Suspension Air Bags Market Dynamics:

Increasing demand for efficient suspension systems from the automotive and commercial vehicle industries, as well as a growing number of applications in the transportation market, including passenger cars, off-road vehicles, and trucks. Future trends such as improved comfort and safety, as well as lightweight building materials with a high strength-to-weight ratio, may help accelerate total market revenue growth throughout the forecast period. The market is predicted to develop due to rising demand for lightweight vehicles and changes in automotive designs to reduce weight and enhance fuel economy. Driving Factors: Updated vehicle safety requirements and tests, increased passenger car sales and production due to developments in airbag systems, increased competition in commercial vehicle sales, and the presence of trade markets and automotive distributors are all factors driving Suspension Air Bags market growth. Road accidents are a big issue all around the world, especially while travelling on busy highways in bad weather. According to the World Health Organization, about 1.25 million people are killed in traffic accidents each year. Airbags are commonly employed in vehicles to minimise the severity of accidents, increase overall vehicle safety, and reduce the number of collisions. Additionally, as customer awareness and disposable income have grown, so has spending on vehicle safety features. Side airbags (SABs) are now standard on many vehicles to help prevent major chest injuries in side-impact incidents. During the forecast period, the Suspension Air Bags Market is expected to be driven by the adoption of improved safety systems (airbags) and rising consumer awareness of safety features. The automobile industry is speeding toward a new future marked by enhanced sustainability, changes in customer behavior, electric vehicles, connected cars, mobility fleet sharing, and better lives. Passenger car registrations in the European Union grew by 10% in 2021 compared to the same month previous year, according to the European Automobile Manufacturers Association. Furthermore, due to an increase in leisure and tourism activities around the world, demand for Special Utility Vehicles (SUVs) has lately increased. As a result of rising urbanization and industrialization, demand for commercial and passenger automobiles has skyrocketed. Increased demand for electrified vehicles and Pedestrian Protection Airbags are two opportunities. Restraining Factors: Increased development of active safety systems are the key limitations to growth.

Suspension Air Bags Market Segment Analysis:

Based on Type, The Suspension Air Bags Market is segmented into Frontal Airbags, Knee Airbags and Side/Curtain Airbags on the basis of type. In side collisions, side and curtain airbags protect passengers' heads and necks. These airbags work well and protect passengers in the case of a rollover. The Global Suspension Air Bags Market is expected to grow as a result of these factors. Suspension Air Bags Market Based on Vehicle Type, The Suspension Air Bags Market is segmented into Bus, Light Commercial Vehicle (LCV), Passenger Car (PC) and Truck on the basis of vehicle type. In the automotive airbags and seatbelts sector, passenger vehicles are predicted to be the fastest-growing vehicle class. In Asia Pacific's growing economies, the number of passenger cars is quickly expanding. Improved lifestyles, higher consumer spending power, and infrastructure development are all factors. To limit the number of fatalities caused by accidents, most countries make airbags and seatbelts standard equipment in passenger vehicles. Based on Application, The Suspension Air Bags Market is segmented into Vehicles, Railway, Industrial Applications and Others on the basis of application. Suspension airbags are installed in various vehicles and are used to provide suspension. When driving on difficult conditions like gravel roads, dirt tracks, or uneven roads, these assist in keeping the vehicle steady. Airbags help cushion passengers in the vehicle if they suffer a bodily injury as a result of rapid braking or colliding with another object while driving. Suspension airbags give passengers on trains a smoother and safer journey. They absorb shocks caused by a quick change in speed or direction, reducing passenger jerking motion during transit. This increases the level of comfort for passengers commuting by rail. The suspension system is made up of pneumatic cylinders that are linked together by an electronic control unit (ECU). Pumps attached to these systems infuse compressed air into the suspensions at regular intervals as needed, reducing vibrations from rail tracks that are conveyed through wheels onto carriages after being amplified over distance travelled. Smooth riding is excellent for both security and passenger satisfaction, but it also has positive effects on ride quality and expenses. Suspension Air Bags are shock-absorbing and vibration-isolating systems used in industrial applications. Motion control, machine protection, and crane suspension applications can all benefit from airbag systems. Suspension Air Bags, often known as pneumatic bumpers, provide additional gas springs or airbags to buffer against impact loads.

Suspension Air Bags Regional Insights:

The Suspension Air Bags Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa and South America on the basis of region. The Asia Pacific region is predicted to dominate the Suspension Air Bags Market in terms of value. Asia Pacific is projected to witness substantial expansion in the near future as a big potential market for vehicle manufacture. The automobile class is growing due to rising safety concerns and improved integration of safety features, particularly airbags. During the projected period, North America is expected to have a significant share of the worldwide suspension airbags market. This is due to the region's long-established automotive sector as well as the expanding need for large commercial vehicles. In 2022, Europe accounted for a significant portion of the market. Customer’s growing knowledge of safety measures like airbags can accelerate their adoption in the coming years. Growth prospects abound, particularly for newcomers and small regional businesses who provide innovative items at inexpensive rates when compared to other established European players. The objective of the report is to present a complete picture of global Suspension Air Bags market. Data from past years is compiled to anticipate the future prospects of this market. Porter's five forces help to identify where power lies in a business situation. This is useful both in understanding the strength of an organisation's current competitive position, and the strength of a position that an organisation may look to move into. The report helps in identifying competitive rivalry currently running in the Suspension Air Bags market. It also helps to understand bargaining power of suppliers and consumers. The report also presents PESTLE analysis which helps to gain a macro picture of Suspension Air Bags market. Political factors help to identify the influence of government over Suspension Air Bags market. Economic factors a have direct impact on a company’s long-term prospects in a market. The economic environment may affect how a company dealing in Suspension Air Bags market price their products or influence the supply and demand model. Social factors, such as demographics and culture can impact the Suspension Air Bags market by influencing peak buying periods, purchasing habits, and lifestyle choices. Technological factors may have a direct or an indirect influence on an industry. The legal and regulatory environment can affect the policies and procedures of an industry, and can control employment, safety and regulations. Environmental factors include all those relating to the physical environment and to general environmental protection requirements.

Suspension Air Bags Market Scope: Inquire before buying

Suspension Air Bags Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 2.38 Bn.
Forecast Period 2023 to 2029 CAGR: 8.8% Market Size in 2029: US $ 4.30 Bn.
Segments Covered: by Type Frontal Airbags Knee Airbags Side/Curtain Airbags
by Vehicle Type Bus Light Commercial Vehicle (LCV) Passenger Car (PC) Truck
by Application Vehicles Railway Industrial Applications Others

Suspension Air Bags Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Suspension Air Bags Market Key Players

1. Continental (Germany) 2. Vibracoustic (Germany) 3. Bridgestone (Japan) 4. Aktas (Turkey) 5. Toyo Tire & Rubber (Japan) 6. Sumitomo Electric (Japan) 7. Senho (China) 8. Yitao Qianchao (China) 9. ITT Enidine (US) 10. Zhuzhou Times (China) 11. Mei Chen Technology (China) 12. Stemco (US) 13. GaoMate (Canada) 14. Dunlop (US) 15. GMT Rubber-Metal-Technic (UK) 16. Air Lift Company (US) 17. Autoliv, Inc (Sweden) 18. Toyoda Gosei Co., Ltd (Japan) Frequently Asked Questions: 1. What is the CAGR of the Suspension Air Bags Market in the forecast period (2023-29)? Ans. Suspension Air Bags Market revenue is expected to grow at 8.8% through 2023 to 2029. 2. Who are the key players in the Suspension Air Bags Market? Ans. Continental (Germany), Vibracoustic (Germany), Bridgestone (Japan), Aktas (Turkey), Toyo Tire & Rubber (Japan), Sumitomo Electric (Japan), Senho (China), Yitao Qianchao (China), ITT Enidine (US), Zhuzhou Times (China), Mei Chen Technology (China), 3. Which are the applications in the Suspension Air Bags Market? Ans. Vehicles, Railway, Industrial Applications and Others are the applications in the Suspension Air Bags Market. 4. What segments are covered in the Suspension Air Bags Market report? Ans. The segments covered in Suspension Air Bags Market report are based on type, vehicle type, application and region. 5. What is the forecast period for the Suspension Air Bags Market? Ans. The forecast period for the Suspension Air Bags Market is 2023-2029.
1. Suspension Air Bags Market: Research Methodology 2. Suspension Air Bags Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Suspension Air Bags Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Suspension Air Bags Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Suspension Air Bags Market Segmentation 4.1. Suspension Air Bags Market, by Type (2022-2029) • Frontal Airbags • Knee Airbags • Side/Curtain Airbags 4.2. Suspension Air Bags Market, by Vehicle Type (2022-2029) • Bus • Light Commercial Vehicle (LCV) • Passenger Car (PC) • Truck 4.3. Suspension Air Bags Market, by Application (2022-2029) • Vehicles • Railway • Industrial Applications • Others 5. North America Suspension Air Bags Market (2022-2029) 5.1. North America Suspension Air Bags Market, by Type (2022-2029) • Frontal Airbags • Knee Airbags • Side/Curtain Airbags 5.2. North America Suspension Air Bags Market, by Vehicle Type (2022-2029) • Bus • Light Commercial Vehicle (LCV) • Passenger Car (PC) • Truck 5.3. North America Suspension Air Bags Market, by Application (2022-2029) • Vehicles • Railway • Industrial Applications • Others 5.4. North America Suspension Air Bags Market, by Country (2022-2029) • US • Canada • Mexico 6. European Suspension Air Bags Market (2022-2029) 6.1. European Suspension Air Bags Market, by Type (2022-2029) 6.2. European Suspension Air Bags Market, by Vehicle Type (2022-2029) 6.3. European Suspension Air Bags Market, by Application (2022-2029) 6.4. European Suspension Air Bags Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Suspension Air Bags Market (2022-2029) 7.1. Asia Pacific Suspension Air Bags Market, by Type (2022-2029) 7.2. Asia Pacific Suspension Air Bags Market, by Vehicle Type (2022-2029) 7.3. Asia Pacific Suspension Air Bags Market, by Application (2022-2029) 7.4. Asia Pacific Suspension Air Bags Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Suspension Air Bags Market (2022-2029) 8.1. Middle East and Africa Suspension Air Bags Market, by Type (2022-2029) 8.2. Middle East and Africa Suspension Air Bags Market, by Vehicle Type (2022-2029) 8.3. Middle East and Africa Suspension Air Bags Market, by Application (2022-2029) 8.4. Middle East and Africa Suspension Air Bags Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Suspension Air Bags Market (2022-2029) 9.1. South America Suspension Air Bags Market, by Type (2022-2029) 9.2. South America Suspension Air Bags Market, by Vehicle Type (2022-2029) 9.3. South America Suspension Air Bags Market, by Application (2022-2029) 9.4. South America Suspension Air Bags Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Continental (Germany) 10.1.1. Overview 10.1.2. Financial Overview 10.1.3. Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Vibracoustic (Germany) 10.3. Bridgestone (Japan) 10.4. Aktas (Turkey) 10.5. Toyo Tire & Rubber (Japan) 10.6. Sumitomo Electric (Japan) 10.7. Senho (China) 10.8. Yitao Qianchao (China) 10.9. ITT Enidine (US) 10.10. Zhuzhou Times (China) 10.11. Mei Chen Technology (China) 10.12. Stemco (US) 10.13. GaoMate (Canada) 10.14. Dunlop (US) 10.15. GMT Rubber-Metal-Technic (UK) 10.16. Air Lift Company (US) 10.17. Autoliv, Inc (Sweden) 10.18. Toyoda Gosei Co., Ltd (Japan)
  • INQUIRE BEFORE BUYING