Market Share of China Airbag Systems Industry
The China Airbag Systems Market is dominated by various international and regional players such as Robert Bosch GmbH, ZF, joys on safety systems, Autoliv Inc., and Others. Although to have the edge over its competitors, the major airbag systems manufacturing companies are making joint ventures, and partnerships to launch newer products. For instance,
- In July 2022, ZF Friedrischafen AG invested Euro 60 Million for an expansion of manufacturing facilities in Rizhao city, Shandong province, China.
- In June 2022, Autoliv Inc. commenced airbag production in Shanghai, establishing itself as the first producer of airbags in China. The company will supply driver and passenger airbag modules to several vehicle assembly plants such as Shanghai General Motors (SGM), Dongfeng Citroen Automotive Corporation (DCAC), and Shanghai Volkswagen (SVW).
- In May 2022, Toyoda Gosei Co., Ltd. established a new plant in Guangdong Province, China, to enhance its production network for airbags and steering wheels across China.
China Airbag Systems Market Leaders
Autoliv Inc.
ZF Friedrichshafen AG
Joyson Safety Systems
TOYODA GOSEI Co., Ltd.
Denso Corporation
*Disclaimer: Major Players sorted in no particular order
