Australia Automotive Safety Airbag Market Size, Share, Opportunities, And Trends By Product Type (Front Airbag, Side Airbag, Others), By Vehicle Type (Passenger Vehicle, Light Commercial Vehicle), And By End-User (OEMs, Aftermarket) - Forecasts From 2023 To 2028

The Australian automotive safety airbag market was valued at US$0.678 million in 2021 and is projected to expand at a CAGR of 3.49% over the forecast period to reach US$0.862 million by 2028. 

The market in Australia is expected to grow significantly during the forecast period on account of the rising number of deaths caused by road accidents. As per the data by the Australian Government, an increase of 7.9% was observed during 2018-2019. Furthermore, the safety standards for Australian vehicles are also one of the prime factors that may positively impact the growth of the market during the forecast period. Moreover, the government schemes to transform the automotive sector are also expected to increase investment and innovation in the automotive sector of the country till 2020, which is also anticipated to drive market growth.

This research study examines the Australian automotive safety airbag market based on various segments: product type, vehicle type, and end-user. First, a brief overview of the market details key driving factors and challenges. Next, Porter's five forces model analyzes the Australian automotive safety airbag industry comprehensively. This is followed by industry value chain analysis which determines the companies which are part of the different processes and contributing to various sectors.

The study also presents in-depth information concerning the development, trends, and industry policies and regulations affecting the Australian automotive safety airbag market. Moreover, the research study analyzes the overall regulatory framework of the Australian automotive safety airbag sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.

Australia automotive safety airbag market – Forecasts from 2023 to 2028 is a comprehensive and latest report. It provides vital market information to executives and interested stakeholders to enable them to get vital market information. The report also analyzes the competitive landscape and details strategies of key market players and also plots them on our vendor matrix in four quadrants: leader, follower, challenger, and niche.

The scope and coverage of the Australian automotive safety airbag market report are as below:

• Australia automotive safety airbag market data tables and charts
• Market outlook with sections on drivers, restraints, Porter’s, and industry value chain analysis
• Market assessment by product type into front airbags, side airbags, and others.
• Detailed market trends, analysis, and graphical representation of the vehicle type in passenger vehicles and light commercial vehicles.
• In-depth analysis of the motion control market by end-user into OEMs and aftermarkets.

Australia Automotive Safety Airbag Market Scope:

Different segments covered under the Australia automotive safety airbag market report are as below:

• By Product Type
  • Front Airbag
  • Side Airbag
  • Others
• By Vehicle Type
  • Passenger Vehicle
  • Light Commercial Vehicle
• By End-User
  • OEMs
  • Aftermarket