European Airbag market is forecast to grow at a CAGR of around 5.5% during the forecast period. Europe is one of the key players for the sales and production of the airbag and automotive. The UK, Germany, Spain, Italy, France are the leading automobile manufacture across the globe. The market share of Europe in the global automotive market is near to 20% however, their cars are more popular due to high comfort and speed in the vehicles. 

As per the International Organization of Motor Vehicle Manufacturers more than 5 million cars were manufactured in Germany in 2018. Due to this, the country is the biggest vehicle manufacturer in Europe followed by France, Russia, and UK in 2018 respectively. The major automotive player having headquarter in Europe are Volkswagen, Daimler, BMW, Robert Bosch, Peugeot, Renault, Volvo, Continental AG, Autoliv, ZF TRW, Delphi Automotive, NXP semiconductor and so on. The airbag is fitted voluntarily by the car manufacturer in most of the cars. The cars have to pass the crash test program and need a maximum rating for the safety of driver and passenger. Hence, automaker installs multiple airbags to get a better safety rating.

Euro NCAP (The European New Car Assessment Programme) provides a rating to the cars of different segments regarding their safety. It was a program launched by UK Department of Transport. The program has a crash test that provides details of crash protection for the head in side impacts. Continuous suggestions were provided to the organization such as from EEVC (European Battery, Hybrid and Fuel Cell Electric Vehicle Congress) for the improvement of the program so that better safety can be provided to the occupants while traveling. Euro NCAP is backed by seven European governments including France, Germany, Sweden, Netherlands, UK, Luxembourg, Spain, and other consumer groups. Till June 2017 Euro NCAP has tested more than 600 vehicle models. 

The companies which are contributing significantly in the market include Autoliv Inc., Daicel Corp., DENSO Corp., Global Safety Textiles, LLC, Key Safety Systems, Inc., TRW Automotive Holdings Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups 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. European Airbag Market Research and Analysis by Type
2. European Airbag Market Research and Analysis by Vehicle Type

The Report Covers

• Comprehensive research methodology of the European 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 European Airbag market.
• Insights about market determinants which are stimulating the European Airbag market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.