India Car Airbag Market (Business Opportunities - Home Business)

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India Car Airbag Market


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India Car Airbag Market is projected to reach US$ XX Bn in 2026, and grow at CAGR of over XX % during the forecast period.The report study has analyzed revenue impact of the COVID-19 pandemic on the sales revenue of the market leader, market followers and market disrupters in the report and same is reflected in our analysis.

India Car Airbag Market

India Car Airbag Market Dynamics:

Due to rise in the number of accidents, demand for passenger car airbags is rising at a robust across the country. Also, government of India has made it mandatory for the car makers to install airbags in all the cars which would further boost demand for airbags in the country during the forecast period.

All new models launched after October 2017 have to endured crash tests and post Oct 2018, manufacturers have provided airbags and ABS (anti-locking braking system) on all models as standard. Government's augmented focus on upgrading safety standards in cars sold in India will result in a windfall for producers of airbags.

In 2013, UK-based New Car Assessment Programme (NCAP) has conducted crash tests in which many of the bestselling models in India have failed, that made Indian government to formulate new vehicle safety assessment programme, Bharat New Vehicle Safety Assessment Program (BNVSAP) for the Indian market.

According to Government's recent notification, ABS will be made mandatory in all the new models (with engine size above 125cc) from April 2018 onwards, while 2Ws below 125cc can either have ABS or Combined Braking System (CBS). For all the existing models, the deadline stands at April 2019.
Years Vehicles Sold in percent’s (%)
• 2014-15 30 % of Vehicle Sold In India Had Airbags
• 2017 60-70 % of Vehicle Sold Are Having Airbags
• 2020 It Will Reach To 100% before 2020


Target Nation: All Nations
Target City : All Cities
Last Update : 25 September 2020
Number of Views: 44
Item  Owner  : ashwini
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2020-11-26 (0.072 sec)