Market consolidation occupies airbag manufacturers
The airbag industry is growing so rapidly that the overall picture of its suppliers is continuing to develop. Currently there is a large number of second- and third-tier manufacturers supplying the airbag industry. There is a question-mark over whether some of the smaller manufacturers of individual airbag components will be able to survive or perhaps be swallowed up by the larger systems suppliers. The eventual structure of the industry will depend upon the best economies of scale. This extract from just-auto's report on the global airbag and restraint market looks at market share developments.
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