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The China automotive safety airbag market is relied upon to arrive at US$5.089 billion by 2024 from US$3.879 billion out of 2018 growing at a CAGR of 4.63%. The growth of the China automotive safety airbag market for wellbeing airbags in China is upheld by the stricter guidelines under street security and government plans with respect to the advancement of NEVs and associated and self-sufficient vehicles.<br><br>For more information visit here:https://www.knowledge-sourcing.com/report/china-automotive-safety-airbag-market
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China Automotive Safety Airbag Market Forecast From 2019 to 2024
DESCRIPTION As per the latest reports by Knowledge Sourcing Intelligence, The China automotive safety airbag market is expected to reach US$5.089 billion by 2024 from US$3.879 billion in 2018 growing at a CAGR of 4.63%. The growth of the market for safety airbags in China is supported by the stricter regulations under road safety and government plans regarding the development of NEVs and connected and autonomous vehicles. Furthermore, the burgeoning growth of the automotive sector of the industry is also one of the major driving factors for the market to grow throughout the forecast period. The Chinese automotive industry is considered as the largest industry in the world due to the presence of key manufacturers and the availability of a large population base which is significantly driving the demand for vehicles.
Key Questions Answered By The Report • What will be China Automotive Safety Airbag Marketfrom 2019 to 2024? • How are the major drivers and restraints affecting the China Automotive Safety Airbag Market? • growth and the opportunities which exist for key vendors? • Which segment and region will drive or lead the market growth and why? • A comprehensive analysis of competitive landscape and key market participant’s behavior • Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth
Segments Covered Under China Automotive Safety Airbag Market are : • By Product Type • Front Airbag • Side Airbag • Others • By Vehicle Type • Passenger Vehicle • Light Commercial Vehicle • Heavy Commercial Vehicle • By End-User • OEMs • Aftermarket
COMPANY PROFILES • Continental AG • Robert Bosch GmbH • Autoliv Inc. • DENSO Corporation • ZF Friedrichshafen AG
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