Car Airbag Manufacturing in the US - Industry Market Research Report

Car Airbag Manufacturing in the US - Industry Market Research Report
Car Airbag Manufacturing in the US

Over the five years to 2022, revenue for the Car Airbag Manufacturing industry is expected to decline. Industry operators manufacture airbags for all types of automobiles, including passenger cars and light and heavy trucks. Due to being an intermediate good in the production of automobiles, industry revenue tends to ebb and flow with fluctuations in demand and production levels for new vehicles. As a result, several negative trends have hampered industry revenue, such as the temporary closure of automobile manufacturers and dealers in 2020 due to the COVID-19 (coronavirus) pandemic. Although automobile production has since resumed, supply chain constraints and semiconductor shortages have limited production levels in 2021 and 2022. Consequently, IBISWorld expects industry revenue to decline at an annualized rate of 3.6% to $3.7 billion over the past five years, despite an anticipated 4.5% rise in revenue in 2022 due to rising new car sales and rebounding automobile production levels.

This industry produces airbags for all types of automobiles. Airbags are used to protect the driver during and after an accident. These airbags are sold directly to auto manufacturers or airbag distribution operators.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.