Market Share of Mexico Airbag Systems Industry
This market is consolidated with major companies that are merging and acquiring other companies to maintain their position in the market. Key players in the market are Hyundai Mobis, ZF Friedrichshafen, Autoliv, DENSO Corporation, Toshiba Corporation, Key Safety Systems, Continental AG. In 2016 TRW was acquired by ZF Friedrichshafen AG. There is a recent development in roof type airbags.
There has been tremendous development in dual-stage airbags which are located at the location of seat belt and front seat, these airbags are used to prevent children and adults from getting injured during the collision. Since active safety systems are improving owing to the new technology, there might be a reduction in demand for passive safety systems like airbags and seatbelts in the future. On 7th March 2019, Indorama acquired German-based airbag fabric manufacturer UTT; deal includes a plant in Pueble.
Mexico Airbag Systems Market Leaders
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ZF Friedrichshafen AG
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Autoliv Inc
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DENSO Corporation
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Continental AG
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Robert Bosch GmbH
*Disclaimer: Major Players sorted in no particular order
