Market Share of Asia Pacific Airbag Systems Industry
Asia-Pacific Airbag Systems Market is dominated by several key players such as ZF Friedrichshafen AG, Autoliv Inc., DENSO Corporation, Continental AG, and others. Major key players are expanding their manufacturing facilities across the region, which is likely to witness major growth for the market during the forecast period. For instance,
In April 2022, Toyoda Gosei Co., Ltd. established a new plant in Guangdong Province, China, to enhance its production network for airbags and steering wheels, its major products. The facility was constructed on a site of about 54,000 square meters, which has a building area footprint of about 43,000 square meters. The plant manufactures airbags, steering wheels, and pop-up actuators.
In April 2022, Toyoda Gosei Co., Ltd. established a new plant in Guangdong Province, China, to enhance its production network for airbags and steering wheels, its major products. The facility was constructed on a site of approximately 54,000 square meters, with a building area footprint of about 43,000 square meters. The plant manufactures airbags, steering wheels, and pop-up actuators.
In March 2022, Asahi Kasei Corporation (Asahi Kasei) announced a strategic partnership with Genomatica, Inc. on March 16. The partnership aims to develop biomass-derived polyamide 66 (PA66), with Asahi Kasei gaining preferential use of Genomatica's biomass-derived hexamethylenediamine (HMD) technology. Asahi Kasei plans to combine its polymerization technology with HMD technology to commercialize biomass-derived PA66 in the future. PA66 finds applications in products like airbag fabrics and automotive plastic parts.
In December 2021, ZF Friedrichshafen AG (ZF) announced a joint venture (JV) with Rane TRW Steering Systems from the Rane Group. This joint venture will focus on producing safety products, airbags, and seat belt systems for both the domestic market and exports.
In March 2021, Autoliv announced its plans to establish an airbag inflator manufacturing plant in Chennai, India. Autoliv expects that the new plant will further support sustainable market growth in India, catering to the needs of global and local original equipment manufacturers (OEMs).
Asia Pacific Airbag Systems Market Leaders
Robert Bosch GmbH
Continental AG
ZF Friedrichshafen AG
Denso Corporation
Autoliv inc.
*Disclaimer: Major Players sorted in no particular order
