The United Kingdom automotive safety airbag market is expected to reach US$0.273 billion by 2024 from US$0.241 billion in 2018 growing at a CAGR of 2.11%. The United Kingdom automotive safety airbags market is estimated to shoot up in the coming years primarily owing to favorable government initiatives and rising awareness. Furthermore, innovations and rapid product launches by key players in the market is also estimated to positively impact this growth in the coming years. However, declining au Read more...
The Spain automotive safety airbag market is expected to reach US$0.510 billion by 2024 from US$0.420 billion in 2018 growing at a CAGR of 3.27%. Spain is one of the prominent automotive manufacturers in Europe and is witnessing a rise in the automotive production. This is projected to result in an increasing demand for automotive safety airbags in the country in the years to come. In addition to this, favourable government policies in combination with rising investment by major players in the m Read more...
The Slovakia automotive safety airbag market is expected to reach US$0.221 billion by 2024 from US$0.166 billion in 2018 growing at a CAGR of 4.93%. The demand for automotive safety airbags in Slovakia may be attributed to the growing automotive sector of the country coupled with the presence of three world-class automotive manufacturers Volkswagen, PSA and Kia Motors. Slovakia is one of the global leaders of car manufacturers and rising personal safety concerns are also anticipated to drive the Read more...
The Russia automotive safety airbag market is expected to reach US$0.481 billion by 2024 from US$0.258 billion in 2018 growing at a CAGR of 10.97%. Russia is also one of the prominent automotive manufacturers in Europe and has witnessed a substantial increase in automotive production over recent years. This is estimated to promote the demand for automotive airbags in the country in the coming years. Furthermore, rising government initiatives to promote road safety is estimated to further strengt Read more...
The Romania automotive safety airbag market is expected to reach US$0.094 billion by 2024 from US$0.072 billion in 2018 growing at a CAGR of 4.39%. The growth of the market in Romania is majorly attributed to the burgeoning automotive industry and the growing safety concerns regarding the adoption of airbags to reduce the fatalities. Presently, the automotive sector of the country is going through a favorable phase, with a consecutive increase in domestic car sales for the last five years. Howev Read more...
The Portugal automotive safety airbag market is expected to reach US$0.063 billion by 2024 from US$0.044 billion in 2018 growing at a CAGR of 6.23%. The Portugal automotive manufacturing sector has witnessed a substantial rise in recent years. According to the data by the International Organization of Motor Vehicle Manufacturers, automotive production in Portugal increased by 67.7% in 2018 over 2017. Such a rise is thus projected to positively impact the growth of the automotive safety airbags m Read more...
The Poland automotive safety airbag market is expected to reach US$0.142 billion by 2024 from US$0.107 billion in 2018 growing at a CAGR of 4.95%. The demand for automotive safety airbags in the country is estimated to show good growth in the coming years owing to favorable initiatives and rising awareness amongst individuals. Furthermore, the increasing number of road accidents is also estimated to further upscale this growth in the years to come. However, declining automotive sales and product Read more...
The Netherlands automotive safety airbag market is expected to grow at a CAGR of 3.80%. The demand for safety airbags in Netherlands is estimated to boost during the forecast period mainly on the account of a significant increase in road traffic deaths. Furthermore, the strong automotive sector of the country and the penetration of electric vehicles is also one of the major driving factors for the market to grow during the given time frame. Moreover, the Netherlands is considered as one of the m Read more...
The Italy automotive safety airbag market is expected to reach US$0.251 billion by 2024 from US$0.172 billion in 2018 growing at a CAGR of 6.51%. Italy is one of the prominent players in the automotive sector in Europe. The demand for automotive safety airbags in the country is estimated to shoot up in the coming years on account of rising concerns by government and private players to promote the installation of safety equipment in the country. In addition to this, the rising number of road acci Read more...
The Hungary automotive safety airbag market is expected to reach US$0.082 billion by 2024 from US$0.065 billion in 2018 growing at a CAGR of 3.72%. The market for airbags in Hungary is anticipated to propel during the forecast period on account of the growing investments by luxury car manufacturers in the country. For instance, currently, Mercedes Benz is building a second factory in the country. In addition, the presence of key market players such as Bosch, which has the largest R&D center in B Read more...
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