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Colombia 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, Heavy Commercial Vehicle) And By End-User (OEMs, Aftermarket) - Forecasts From 2019 To 2024

Published: Mar 2020 | Report Code:  KSI061613110 | Pages:  117

The Colombia automotive safety airbag market is expected to grow at a CAGR of 0.10%. The Colombian automotive industry is one of largest automotive industry in the South American region. The new regulations for the mandatory fitting of airbags in all new cars after 2017 is also anticipated to be one of the major driving factors for the market to grow throughout the forecast period. However, auto sales experienced a decline of 6.09 percent from 253681 units in 2016 to 238237 units in 2017 (source: International Trade Administration, ITA, U.S. Department of Commerce) on account of the drop in global oil prices, the devaluation of Colombian Peso, and a slowdown in the country’s GDP, which however grew in 2017. Therefore, a growth of the automotive sector is expected in the country which is projected to drive the growth of the automotive safety airbags market in the country during the next five years.

“Colombia Automotive Safety Airbag Market – Forecasts from 2019 to 2024” is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report also analyses the market through comprehensive market segmentation by product type, vehicle type, and end-user.

Colombia automotive safety airbag market has been segmented based on product type, vehicle type, and end-user. By product type, the market is segmented as the front airbag, side airbag, and others. By vehicle type, the market is segmented as passenger vehicles, light commercial vehicles, and heavy commercial vehicles. By end-user, the market is segmented into OEMs and aftermarket.

Major players in the Colombia automotive safety airbag market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the Colombia automotive safety airbag market.

Segmentation

The Colombia automotive safety airbag market has been segmented by product type, vehicle type, and end-user.

By Product Type

Front Airbag

Side Airbag

Others

By Vehicle Type

Passenger Vehicle

Light Commercial Vehicle

Heavy Commercial Vehicle

By End-User

OEMs

Aftermarket

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