India Automotive Airbag Market, Forecast 2022-2027
Submitted by prachiti sharma | December 16, 2022, 10:13:42 | Business
The automobile airbag industry in India has been expanding rapidly in recent years. This is a result of consumers becoming more mindful of passenger safety in cars. In FY 2022, the market was worth INR 75.30 Bn. The market is anticipated to develop at a compound annual growth rate (CAGR) of 49.07% between FY 2023 and FY 2027, reaching INR 565.24 Bn by FY 2027. The availability of competent labour at affordable rates, strong R&D facilities, and affordable raw material production are only a few of the elements that drive the Indian automotive airbag business.
Source: https://www.bharatbook.com/report/1385815/automotive-airbag-market-in-india
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