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...
The Germany automotive safety airbag market is expected to reach US$1.207 billion by 2024 from US$0.946 billion in 2018 growing at a CAGR of 4.15%. Germany is one of the major automotive hubs in the European region and is a major automotive manufacturer at the global level, making it one of the significant market shareholder in the European automotive safety airbags market. Moreover, the rising automotive production is also estimated to shoot this demand further in the coming years. Furthermore, Read more...
The France automotive safety airbag market is expected to reach US$0.506 billion by 2024 from US$0.345 billion in 2018 growing at a CAGR of 6.59%. The demand for safety airbags in France is estimated to shoot up in the coming years owing to favorable government initiatives and promotive steps increasing the demand for airbag solutions in the country. Furthermore, the rising number of road accidents is also expected to boost the adoption of airbags aftermarket in the country owing to the rising a Read more...
The Czech Republic automotive safety airbag market is expected to reach US$0.253 billion by 2024 from US$0.204 billion in 2018 growing at a CAGR of 3.62%. The growth may be attributed to the rising number of road fatalities in the country, which is anticipated to boost the adoption of airbags as Czech Republic is considered as one of the most dangerous developed countries to drive. Thus positively impacting the market growth. Furthermore, the automotive sector is considered as the traditional dr Read more...
The Belgium automotive safety airbag market is expected to reach US$0.063 billion by 2024 from US$0.054 billion in 2018 growing at a CAGR of 2.86%. The market in Belgium is projected to grow at a significant CAGR due to the presence of big automotive manufacturers such as Volvo and Audi. Furthermore, the automotive sector also plays an important role in the country’s economy. The rising manufacturing of automobiles and the growing exports are the major factors that are expected to drive the ma Read more...
The Austria automotive safety airbag market is expected to grow at a CAGR of 0.36%. As per the Austrian road safety laws in which all the vehicles have to pass an inspection in order to check their safety and roadworthiness, in which the whole vehicle is thoroughly inspected which includes the safety systems, such as airbags, seatbelts, and the braking systems. Thus, these laws are expected to positively impact the growth of the market in the coming years. Furthermore, the growth of the growing Read more...
The Vietnam automotive safety airbag market is expected to reach US$0.047 billion by 2024 from US$0.036 billion in 2018 growing at a CAGR of 4.69%. The automotive safety airbags market in Vietnam is projected to grow at a significant CAGR on account of the significant growth automotive industry of the country owing to the rising participation of automotive companies investing in the country. Furthermore, the growing number of deaths in road accidents also plays an important role to drive the mar Read more...
The Thailand automotive safety airbag market is expected to reach US$0.579 billion by 2024 from US$0.329 billion in 2018 growing at a CAGR of 9.87%. The growth of the market for safety airbags in Thailand is supported by dynamic competition between the foreign OEMs in addition to having an immense network of supporting industries. The country is continuing on expanding its manufacturing base where the auto part suppliers are growing on increasing their presence here. Thailand provides a lucrativ Read more...
The Taiwan automotive safety airbag market is expected to reach US$0.046 billion by 2024 from US$0.038 billion in 2018 growing at a CAGR of 3.29%. The growth of the market for safety airbags in Taiwan is supported by the growth of the domestic automotive market. On the other hand, the country’s expertise in the R&D for the manufacturing of auto parts and components is also one of the major prime factors that are expected to drive the market during the given time frame. However, the decline in Read more...
The South Korea automotive safety airbag market is expected to reach US$0.798 billion by 2024 from US$0.612 billion in 2018 growing at a CAGR of 4.52%. The market in South Korea is majorly supported by the new safety regulations by the Korean government under which the main strategies of the Korean New Car Assessment Program roadmap 201-2019 included the introduction of advanced airbags in the transportation sector to enhance the safety for the drivers. However, the market may be restrained by t Read more...
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