World - Airbags With Inflator System And Parts Thereof - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the forecasted growth in the global market for airbags with inflator system and parts thereof from 2022 to 2030, with an expected CAGR of +4.6% in volume and +6.8% in value. It analyzes consumption, production, imports, and exports trends, highlighting key countries and growth rates. The highest consuming and producing countries, as well as importers and exporters, are identified. The average import and export prices are also examined.
Market Forecast
Driven by increasing demand for airbags with inflator system and parts thereof worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +4.6% for the period from 2022 to 2030, which is projected to bring the market volume to 6M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +6.8% for the period from 2022 to 2030, which is projected to bring the market value to $161.6B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Airbags With Inflator System And Parts Thereof
In 2022, global consumption of airbags with inflator system and parts thereof was estimated at 4.2M tons, remaining constant against the previous year. Over the period under review, consumption saw resilient growth. Over the period under review, global consumption hit record highs at 4.2M tons in 2020; afterwards, it flattened through to 2022.
The global inflator system airbag market size shrank slightly to $95.4B in 2022, reducing by -1.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a prominent expansion. Global consumption peaked at $99.3B in 2020; however, from 2021 to 2022, consumption failed to regain momentum.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (869K tons), the United States (573K tons) and India (342K tons), with a combined 43% share of global consumption. Japan, Pakistan, Brazil, Turkey, Mexico, the UK, Italy, Thailand, South Korea and the Philippines lagged somewhat behind, together comprising a further 32%.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Turkey (with a CAGR of +17.3%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($26.7B) led the market, alone. The second position in the ranking was held by China ($13.1B). It was followed by India.
From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +16.4%. In the other countries, the average annual rates were as follows: China (+7.9% per year) and India (+19.3% per year).
The countries with the highest levels of inflator system airbag per capita consumption in 2022 were Japan (2.1 kg per person), the United States (1.7 kg per person) and Turkey (1.7 kg per person).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Turkey (with a CAGR of +15.7%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Airbags With Inflator System And Parts Thereof
In 2022, the amount of airbags with inflator system and parts thereof produced worldwide reached 4.2M tons, approximately equating the previous year's figure. Over the period under review, production saw a buoyant increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 36%. Over the period under review, global production reached the maximum volume at 4.3M tons in 2020; however, from 2021 to 2022, production failed to regain momentum.
In value terms, inflator system airbag production rose to $101.7B in 2022 estimated in export price. In general, production continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of 25% against the previous year. Global production peaked at $105.7B in 2020; however, from 2021 to 2022, production failed to regain momentum.
Production By Country
The countries with the highest volumes of production in 2022 were China (902K tons), the United States (562K tons) and India (336K tons), with a combined 43% share of global production. Japan, Pakistan, Brazil, Mexico, Turkey, the UK, Thailand, Italy and the Philippines lagged somewhat behind, together comprising a further 31%.
From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Turkey (with a CAGR of +18.3%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Airbags With Inflator System And Parts Thereof
In 2022, overseas purchases of airbags with inflator system and parts thereof increased by 4.2% to 426K tons, rising for the second consecutive year after three years of decline. Overall, total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +10.1% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of 12%. Global imports peaked at 572K tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.
In value terms, inflator system airbag imports amounted to $9.4B in 2022. The total import value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 11%. Global imports peaked at $11.9B in 2018; however, from 2019 to 2022, imports remained at a lower figure.
Imports By Country
In 2022, Mexico (51K tons), Poland (39K tons), Germany (36K tons), Japan (36K tons), China (26K tons), South Korea (24K tons), Hungary (23K tons), the United States (22K tons), Spain (16K tons), Romania (14K tons), Canada (13K tons) and the Czech Republic (13K tons) represented the main importer of airbags with inflator system and parts thereof in the world, mixing up 73% of total import. Brazil (11K tons) followed a long way behind the leaders.
From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +42.8%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($2B), Mexico ($1.1B) and Germany ($718M) constituted the countries with the highest levels of imports in 2022, with a combined 40% share of global imports. Japan, Poland, China, South Korea, Hungary, Canada, Brazil, the Czech Republic, Spain and Romania lagged somewhat behind, together comprising a further 38%.
Among the main importing countries, Hungary, with a CAGR of +32.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average inflator system airbag import price stood at $22,066 per ton in 2022, declining by -2.6% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 14%. Global import price peaked at $23,193 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($89,677 per ton), while Romania ($11,649 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.8%), while the other global leaders experienced mixed trends in the import price figures.
Exports
World Exports of Airbags With Inflator System And Parts Thereof
In 2022, after two years of decline, there was significant growth in shipments abroad of airbags with inflator system and parts thereof, when their volume increased by 11% to 470K tons. In general, total exports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 16%. As a result, the exports attained the peak of 620K tons. From 2018 to 2022, the growth of the global exports failed to regain momentum.
In value terms, inflator system airbag exports stood at $9.4B in 2022. The total export value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when exports increased by 12%. Over the period under review, the global exports attained the maximum at $12.1B in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.
Exports By Country
Mexico (80K tons), China (59K tons), Romania (41K tons), Germany (40K tons), Poland (38K tons), Hungary (31K tons), Thailand (23K tons), Japan (21K tons), Portugal (20K tons) and Vietnam (17K tons) represented roughly 79% of total exports in 2022. The following exporters - South Korea (11K tons), the United States (10K tons) and France (10K tons) - each resulted at a 6.7% share of total exports.
From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +100.6%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, Mexico ($1.7B), the United States ($1.2B) and Germany ($895M) were the countries with the highest levels of exports in 2022, together accounting for 41% of global exports. China, Poland, Romania, Hungary, Thailand, Vietnam, Japan, France, Portugal and South Korea lagged somewhat behind, together accounting for a further 46%.
Hungary, with a CAGR of +82.9%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
In 2022, the average inflator system airbag export price amounted to $19,939 per ton, reducing by -7.7% against the previous year. Over the period under review, the export price recorded a slight slump. The most prominent rate of growth was recorded in 2020 an increase of 10% against the previous year. The global export price peaked at $22,297 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($115,486 per ton), while Portugal ($10,742 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.2%), while the other global leaders experienced a decline in the export price figures.
This report provides an in-depth analysis of the global inflator system airbag market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29322050 - Airbags with inflator system and parts thereof
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
This report provides an in-depth analysis of the global inflator system airbag market.
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