Automotive Airbags Market to Ride Global Automotive Industry Boom: Transparency Market Research
By Business Wire News
By Business Wire News
Transparency Market Research has released a new market research report containing a detailed analysis of the historical statistics concerning the global automotive airbags market. The report relies on trustworthy sources and analytical tools to gather and analyze the information, respectively, making it accurate and invaluable to any existing or prospective industry participant. The report elaborates upon the trend exhibited through the development of the historical statistics and uses the same to predict the growth trajectory of the market in the coming years. The report is titled “Automotive Airbag Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”.
The report employs time-tested analytical tools such as the Porter’s Five Forces analysis to figure out the relative dynamics between the established forces in the market and the new entrants, market attractiveness analysis to determine the potential of the market to accommodate new investors and buyers and SWOT analysis to establish the position of each major automotive airbag manufacturer and their relative strength according to market share.
The automotive airbags industry is fueled as a direct consequence of the blooming automotive industry all over the world. The increasing size of the global automobile market is increasing the competition in the market, helping safety devices such as airbags be installed in even the cheapest of cars. The development of cost-effective airbags that can be installed in cheap cars without affecting the car’s cost is the major trend expected to influence the automotive airbags market in the forecast period.
This expected growth is reflected in market figures, wherein the global automotive airbags market is expected to grow from its 2013 value of US$17.24 billion to US$29.72 billion by 2020, a CAGR of 8.1%.
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About Transparency Market Research
Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.