(MENAFN- Ameliorate Solutions) The Germany Airbag Systems Market Research Report 2020 to 2025 presents an in-depth assessment of the Station Germany Airbag Systems It provides the industry overview with market growth analysis with a historical & futuristic perspective considering the following parameters; cost, revenue, demands, and supply data (as applicable). The bottom-up approach was used to estimate the global market size of Station Germany Airbag Systems based on end-use applications in the various regions, in terms of USD million. The report covers the historic growth of the market, the impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Germany Airbag Systems investments from 2020 to 2025.
Top Companies in the Global Germany Airbag Systems Market :
Autoliv Inc., Continental AG, Denso Corporation, Robert Bosch GmbH, Hyundai Mobis, and others.
The Germany Airbag Systems Market_is projected to grow with a CAGR of more than 6% during the forecast period.
Market Overview
Owing to the high contribution of the automotive sector to the GDP of the country's economy i.e. more than 15%, and several big OEMs like Audi, Volkswagen, BMW, etc. present in the country, along with the country being the largest automobiles market in the European Union, the automotive demand witnessed a growth when the whole world witnessed a decline in demand during the year 2019. The safety norms for the vehicles in the country are stringent and the airbag systems are mandatory for vehicles in the country, which is a driving factor for the market. In 2018, the number of road accident fatalities in the country was 2.7% more than the 2017 figures. The Federal Statistical Office reported that 3,265 people were killed in traffic accidents in 2018.
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Market Insights
Passenger Vehicle Sales Driving Growth
Owing to the changes in emission standards by the European Union from January 2020 with the introduction of stricter CO2 limits, Automakers in the year 2019 pushed sales of passenger cars in the country with attractive offers for the old emission standard cars to the buyers. This resulted in a 5 % surge in sales cars in the year 2019.
The total German new car market grew 5% in 2019 to 3,607,258 cars of which 59% had petrol engines and 32% diesel. New electric passenger vehicle registrations in Germany in 2019 increased by 75.5% to 63,281 battery-electric cars. This increased the electric car share of the German new car market from 1.05% in 2018 to 1.75% in 2019.
There are very strict norms for passenger car safety in the country for a very long time, also the car buyers are also aware and concerned about road safety, so they prefer cars which are high on safety norms and ratings.
Airbag Module Captures the Market Share
The airbag module is responsible for receiving the information from the collision sensor, which is relayed to the airbag sensors and then the airbags are deployed. The airbag module is a computer that stores information. Thus, during a collision, the impact data is stored in the airbag module.
There are many players in the country who are spending heavily on research and development of airbag modules to decrease the response time of airbag systems and increase the safety for the passengers in the vehicle. For instance, in August 2019, the German airbag systems component maker, ZF has been named as the winner of the 2019 Altair Enlighten Award in the module category for its newly launched fabric housing knee airbag module.
The Germany Airbag Systems market can be divided based on product types and its sub-type, major applications and Third Party usage area, and important regions.
Regions Are covered By Germany Airbag Systems Market Report 2020 To 2025.
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada, and Mexico).
Europe (Germany, France, UK, Russia, and Italy).
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia).
The report has 150 tables and figures browse the report description and TOC
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Significant Features that are under Offering and Key Highlights of the Reports:
-Detailed overview of Germany Airbag Systems Market
-Changing the Germany Airbag Systems market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current and projected Germany Airbag Systems market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Germany Airbag Systems Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.
Frequently Asked Questions about Germany Airbag Systems market:
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All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check with the sales team.
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