The Mexico automotive safety airbag market is expected to reach US$0.936 billion by 2024 from US$0.594 billion in 2018 growing at a CAGR of 7.88%. The market for automotive safety airbags in Mexico is expected to witness a decent CAGR during the forecast period on account of Mexican Standard which requires basic security components to be installed on all new cars. Furthermore, the Mexican government is expected to introduce new safety regulations by the end of 2020 that may mandate airbags in ca Read more...
The Canada automotive safety airbag market is expected to reach US$0.412 billion by 2024 from US$0.349 billion in 2018 growing at a CAGR of 2.81%. The Canada automotive safety airbags market in Canada is expected to grow at a significant CAGR owing to the rising demand for safer and efficient driving experiences coupled with the rising demand for passenger vehicles. The growth of the automotive sector in Canada is also anticipated to drive the market growth in the coming years. In addition, Cana Read more...
The Turkey automotive safety airbag market is expected to reach US$0.404 billion by 2024 from US$0.277 billion in 2018 growing at a CAGR of 6.49%. The market for automotive safety airbags in Turkey is anticipated to grow at a significant rate owing to the burgeoning automotive industry of the country. Owing to the rapid industrialization, the auto industry has transformed from providing assembly-based services to a full-fledged design and mass production capability. Furthermore, the country has Read more...
The South Africa automotive safety airbag market is expected to reach US$0.091 billion by 2024 from US$0.088 billion in 2018 growing at a CAGR of 0.49%. The growth of the market for safety airbags in South Africa is majorly attributed rising number of road accidents which is anticipated to drive the demand for airbags for both OEMs and the aftermarket. However, presently no mandatory regulations are there on airbags, which may negatively impact the growth. However, the introduction of new road s Read more...
The Morocco automotive safety airbag market is expected to reach US$0.061 billion by 2024 from US$0.092 billion in 2018 growing at a CAGR of 7%. The market in Morocco is poised to grow on account of the significant growth of the automotive sector of the country coupled with the rising number of deaths due to road accidents. The introduction of new safety regulations is also expected during the coming years which is anticipated to positively drive the growth of the market. As per the WHO the road Read more...
The Iran automotive safety airbag market is expected to reach US$0.243 billion by 2024 from US$0.231 billion in 2018 growing at a CAGR of 0.87%. The growth of the market for safety airbags in Iran is majorly attributed towards rising automotive sector as passenger Vehicles industry in Iran is the second-largest in the Middle East region, having a large consumer base is one of the drivers driving the automobile industry growth which is further fuelling the market growth as well. However, there ar Read more...
The Ukraine automotive safety airbag market is expected to grow at a CAGR of 4.15%. The demand for automotive safety airbags market is estimated to shoot in Ukraine in the coming years owing to rising instances of road accidents, combined with favorable government initiatives promoting road safety. In addition to this, increasing product launches by key players are also estimated to upscale the market growth in the coming years to come. However, declining automotive production and sales in the c Read more...
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...
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