Whiplash Protection System Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 - 2025
Report ID: GMI2162
Whiplash Protection System Market size is expecting a growth at a faster pace. The factors which are driving the whiplash protection system market are the government regulations regarding the safety of the motorist. Government is bringing occupant system in the vehicles to promote safety measures which has resulted in the growth of the industry. The other factor is the growing awareness about road safety. Global institutions named New Car Assessment Program rates the new vehicles on their safety features and performances due to which the companies are continuously making efforts in their safety programs which is escalating the demand for whiplash protection system market.
Growing demand for advanced safety solution is another key factor. whiplash protection system is mostly found in the luxury cars. The consumer has become more concerned about safety in the past few years. Consumers are demanding for advanced safety features in the vehicle which may propel whiplash protection system market. Due to growing safety concerns and road incidents the government and organizations including NCAP is mandating whiplash protection system in all the automobiles for protection of the motorist.
whiplash protection system is invented to safeguard the front seat occupant from sudden increase and decrease in the speed of the vehicle which results in backward and forward movement of the head and neck. The whiplash injuries are generally caused due to vehicle accidents. This system is present in the backrest of the front seat and it is designed is a manner in which the backrest moves along with the driver whereas the head rest remains at the stable position to support the neck of the motorist.
It was reported that millions of people suffer injuries in road crashes which is caused due to lack of safety devices in the vehicles. This has become a major reason for the growth of whiplash protection system market as companies has started incorporating safety devices in the vehicles to protect the motorist from sudden collision or rapid backward and forward movement of the driver due to speed.
The challenge which whiplash protection system market is facing is its high cost. Extra cost is incurred in designing and testing this system which makes it expensive and increases its market price. This factor negatively affects the sales growth of the market.
Global whiplash protection system market is being partitioned in Backrest, Head Restraints and the other category. Backrest is provided to support the movement of the body and head restraints is designed to remain stable and provide support to the neck. The application partition of the Market includes commercial vehicles and passenger vehicles.
Asia Pacific led by India, China and Japan is expecting a growth in whiplash protection system market due to the government regulations and initiatives by various companies. Indian hatchback cars were rated zero in the ratings of NCAP, due to which the manufacturers have started incorporating safety systems in the vehicles. The awareness regarding the safety technologies has taken hike in the Asia Pacific regions which is becoming the engine for growth.
The European market is slowing recovering from its financial meltdown. It is predicted that the European market will also witness growth in whiplash protection system Market.
North America is expected to grow in this segment due to stringent rules and regulations pertaining to road safety. The main reason for the growth in this market is due to rise in the purchasing power of the consumers.
The supply chain in whiplash protection system market includes upstream sector (raw material), downstream (consumer’s analysis). The supply chain of automotive products are large and complex, they are needed to be sophisticatedly managed. Companies hire 3 PL companies to manage their logistics and supply chain. Grammer AG amongst the key players in whiplash protection system Market follows lean supply chain in the manufacturing of its products, to minimize the wastage without sacrificing the productivity. This system increases the quality of operations and logistics.
Some of the Key players in whiplash protection system market includes Autoliv, Bosch, Grammer AG, Delphi Automotive, Takata Corporation, Continental AG, Nova Biomedical, Randox Laboratories, and Denso.
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