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...
The United States automotive safety airbag market is expected to reach US$2.079 billion by 2024 from US$1.670 billion in 2018 growing at a CAGR of 3.72%. The growth of the market for safety airbags in the United States is supported by the booming automotive sector coupled with the presence of major automakers. In addition, the government regulations for the mandatory requirements of airbags in all cars and light commercial vehicles is also anticipated to drive the demand. Furthermore, rising inv Read more...
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...
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