The global vehicle side airbag market is projected to witness a CAGR of 5.49% during the forecast period, reaching a total market size of US$5.639 billion in 2024 from US$4.092 billion in 2018. The global vehicle side airbag market is expected to grow at a steady rate over the coming years growing demand for an efficient, convenient, and safe driving experience. Today, due to the increasing number of accidents, there is a requirement for safety systems and devices that would prevent the occup Read more...
The global automotive wiper motor market is expected to grow at a CAGR of 4.36% during the forecast period, reaching a total market size of US$5.741 billion in 2024 from US$4.445 billion in 2018. The growth is attributed to the increasing production and demand for vehicles. Wiper Motor is a component that is an important part of the wiper system which is used to clean the windshield and provide the driver with a clear and unobstructed view of the road. A wiper motor is an electromechanical co Read more...
The Colombia automotive safety airbag market is expected to grow at a CAGR of 0.10%. The Colombian automotive industry is one of largest automotive industry in the South American region. The new regulations for the mandatory fitting of airbags in all new cars after 2017 is also anticipated to be one of the major driving factors for the market to grow throughout the forecast period. However, auto sales experienced a decline of 6.09 percent from 253681 units in 2016 to 238237 units in 2017 (source Read more...
The Brazil automotive safety airbag market is expected to reach US$0.527 billion by 2024 from US$0.417 billion in 2018 growing at a CAGR of 3.97%. The mandatory requirement of airbags in all vehicles is one of the major factors driving the demand for airbags in the country. In 2013, new safety regulations were introduced which stated the mandatory requirements of frontal airbags for driver and passengers along with the mandatory fitting of ABS for all the new vehicles to be sold in the country a Read more...
The Argentina automotive safety airbag market is expected to reach US$0.071 billion by 2024 from US$0.072 billion in 2018 growing at a CAGR of 0.34%. The market for automotive safety airbags in Argentina is poised to grow majorly on the account of significant growth in the automotive sector of the country. The government regulations to boost automotive production in the country will drive the growth of the market throughout the forecast period. In March 2017 the Government made an announcement r Read more...
The South America automotive safety airbag market is expected to reach US$0.615 billion by 2024 from US$0.503 billion in 2018 growing at a CAGR of 3.39%. The South America automotive safety airbags market is projected to grow at a noteworthy CAGR owing to the growth of the automotive sector such as Brazil and Argentina coupled with government regulations for the mandatory requirements of airbags in the vehicles in Brazil. Thus growth in the automotive sector of Brazil is expected to boost market Read more...
The North America automotive safety airbag market is expected to reach US$3.427 billion by 2024 from US$2.613 billion in 2018 growing at a CAGR of 4.63%. The market for automotive safety airbags in North America is anticipated to grow at a significant CAGR owing to the mandatory requirements of airbags in cars and LCVs as per the regulations set by the federal legislation in the United States of America which is also expected to hold a major share in the market owing to higher production and dem Read more...
The Middle East and Africa automotive safety airbag market is expected to reach US$0.830 billion by 2024 from US$0.658 billion in 2018 growing at a CAGR of 3.96%. The growth of the market in the Middle East and Africa region is majorly attributed to the growth of the automotive industry on account of rising disposable income with has further led to the surge in the middle-class population in the country further boosted the demand for new cars. Furthermore, the high purchasing power of the people Read more...
The Europe automotive safety airbag market is expected to reach US$4.202 billion by 2024 from US$3.319 billion in 2018 growing at a CAGR of 4.98%. The growth of the market in the European region is majorly attributed to the presence of globally leading automotive manufacturers and the presence of world-class infrastructure. The growth in both the domestic and international automobile demand coupled with the presence of major automotive manufacturers in the region drives the growth of the automot Read more...
The Asia Pacific automotive safety airbag market is expected to reach US$10.191 billion by 2024 from US$7.332 billion in 2018 growing at a CAGR of 5.64%. The growth of the market in the Asia Pacific region is majorly attributed to the rising automobile demand in the major developing countries such as India, China, and Indonesia coupled with the rising government initiatives for the mandatory requirements of airbags in the vehicles in some of the countries. Furthermore, the rising disposable inco Read more...
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