Global Motorcycle Airbag System Market is expected to reach US $ 347.62 Mn by 2026, at a CAGR of % during the forecast period.
Global Motorcycle Airbag System Market Overview:
In the event of a frontal collision, a motorcycle airbag system is deployed. Motorbikes, unlike cars and trucks, do not have an enclosed compartment for the driver's safety. Furthermore, bikes have very unstable forces and engines with a pretty high torque ratio. As a result, whether compared to trucks, cars, or any other mode of transportation, riding a motorcycle is regarded relatively unsafe. Bikes are more vulnerable to damage to the vehicle and its rider due to their strong features. For optimal rider safety, the motorcycle airbag system includes of electrical control units and modules integrated in the front face of the bike. Airbags are also installed on the gasoline tank and in the inside lining.
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Global Motorcycle Airbag System Market Scope and Dynamics:
Consumer awareness of motorcycle safety is growing, and there is more rivalry among motorbike manufacturers throughout the world, which is propelling the market forward. Furthermore, the growing number of mergers and acquisitions among distributors and manufacturers is a key driver driving the expansion of the motorbike airbag system market. The essential aspect in capturing market growth is increasing traffic awareness in metropolitan areas and increasing need for safety system installation.
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Global Motorcycle Airbag System Market Segmentation:
Because of its closed polymer nature and great material flexibility, nylon is commonly utilised as an airbag fabric. Nylon 6 is the most widely used fabric, according to DENSO Corporation, accounting for around 250 million USD in 2019. Because of its endurance and high-class surface finish, Nylon 6 is also designated as an A+ grade by the Automotive Manufacturers Association, giving it a beautiful appearance for the bike and riders.
Key Players in Global Motorcycle Airbag System Market:
- Dianese S.P.A
- Air Vest
- Moto Air
- Mugen Denko Co. Ltd.
- Honda Motor Co. Ltd.
- ZF Friedrichshafen AG
- Continental AG
- Toyoda Gosei Corporation
- Robert Bosch GmbH
- Joyson Safety Systems
- Ixon SAS
- Polaris Inc.
- Bering Moto
Global Motorcycle Airbag System Market Regional Insights:
The country-level subdivision of the North American market comprises forecasts and analyses for the United States, Canada, and the Rest of North America. The Global Motorcycle Airbag System market in the United Kingdom, Germany, France, and the rest of Europe is observed and forecasted at the country level in Europe. The Asia Pacific market country-level analysis and forecast comprises major countries in the region such as India, China, Japan, and the Rest of Asia Pacific. GCC countries, South Africa, and the rest of the Middle East and Africa are comprised in the country-level analysis and forecast for the Middle East and Africa. The Global Motorcycle Airbag System market in South America is alienated into two segments: Brazil and the rest of South America.
Impact of COVID-19 on the Global Motorcycle Airbag System Market:
Several projects in the construction and manufacturing industry have been terminated or delayed due to the occurrence of the unique COVID-19 pandemic. Demand for sports floors is anticipated to remain lower than usual due to the conclusion of yoga centres, gymnasiums and other indoor and outdoor sporting facilities as a result of stringent lockdown regulations, limitations on internal and cross-border transportation, and procedures to contain the virus's transmission. Additionally, due to the current economic condition in several regions and the negative impact of the pandemic, some projects have been put on hold or are anticipated to be postponed. Market accomplices may be able to profit from these prospects to produce cash during the pandemic, as governments rush to physique interim COVID-19 centres and permanent healthcare amenities.
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