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 automotive safety airbags market. Furthermore, stricter regulations for passenger safety is further instigating the manufacturers to equip the vehicles with airbags which is further driving the demand from the OEMs. Moreover, rising investments by major luxury car manufacturers in order to boost the production on account of growing demand is also one of the major factors which is expected to drive the growth of the market during the forecast period and beyond.
“Europe 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 analyzes the key opportunity in major European countries and the current technology penetration through market attractiveness. The report also analyzes the market through comprehensive market segmentation by product type, vehicle type, end-user, and country.
Europe automotive safety airbag market has been segmented based on product type, vehicle type, end-user, and country. 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 Europe 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 Europe automotive safety airbag market.
The Europe automotive safety airbag market has been segmented by product type, vehicle type, end-user, and countries.
By Product Type
By Vehicle Type
Light Commercial Vehicle
Heavy Commercial Vehicle