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...
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...
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