Automotive Knee Airbags Market Share, Trends, Business Strategy and Forecast to 2022
[170 Pages Report] Automotive Knee Airbags Market research report categorizes the global market by Coating Type (Neoprene Coated, Silicone Coating, Non-Coated), By Yarn Type (Nylon, Polyester), By Sales Channel (OEM, Aftermarket), By Vehicle Type (Compact Passenger Cars, Mid-sized Passenger Cars, Premium Passenger Cars, Luxury Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), & By Region (North America, Latin America, Europe, Japan, APEJ, MEA).
[USPRwire, Mon Sep 09 2019]
Automotive knee airbags play an important role in passenger safety during a collision. Knee airbags are located below the steering on driver’s side and below the glove box on passenger side. Knee airbags protect against leg injuries, keeping the occupant in a proper position. Automotive manufacturers are installing airbags to protect passengers from severe injuries and to gain top safety ratings during the crash test program.
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With an increasing emphasis on safety features in vehicles, automotive manufacturers are installing airbags to minimize the injuries caused during an accident. Along with the front and side airbags, new models of cars are also providing knee airbags to prevent leg and knee injury in case of an accident. Manufacturers are also focusing on producing airbags using innovative materials and construction technique.
Neoprene coated automotive knee airbags are expected to experience above-average growth during the forecast period, 2017-2022. Accounting for nearly three-fourth of the revenue share by 2017 end, neoprene coated automotive knee airbags are projected to create an incremental opportunity of over US$ 20 million during 2017-2022.
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Towards the end of 2017, Nylon automotive knee airbags are expected to gain more than three-fourth of the revenue share. Meanwhile, automotive knee airbags made using polyester are also gaining popularity as polyester has a good dimensional stability in humid conditions.
Witnessing above-average growth, Original Equipment Manufacturers (OEM) will emerge as one of the most lucrative sales channels. By the end of 2022, OEMs are expected to bring in nearly US$ 160 million revenue. While sales through Aftermarket is also expected to experience steady growth.
Compact passenger cars are expected to be the largest users of automotive knee airbags. Compact passenger cars are estimated to reach nearly US$ 60 million revenues towards the end of 2022.
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