The Mexican automotive safety airbag market was valued at US$0.570 billion in 2021 and is projected to expand at a CAGR of 7.62% over the forecast period to reach US$0.953 billion by 2028.
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 cars. Moreover, the increasing number of automotive production facilities in Mexico which also expected as a major driver for the growth of automotive safety airbags in the country. In addition, Mexico is one of the key production sites owing to low-cost yet skilled labor and proximity to the North American market, making it attractive for the relevant players, which further shows the growth potential of automotive safety airbags in Mexico.
This research study examines the Mexican 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 comprehensively analyzes Mexico’s automotive safety airbag industry. 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 Mexico automotive safety airbag market. Moreover, the research study analyzes the overall regulatory framework of Mexico’s automotive safety airbag sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.
Mexico 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 Mexico automotive safety airbag market report are as below:
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Market Size Value in 2021 | US$0.570 billion |
| Market Size Value in 2028 | US$0.953 billion |
| Growth Rate | CAGR of 7.62% from 2021 to 2028 |
| Base Year | 2021 |
| Forecast Period | 2023 – 2028 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered | Product Type, Vehicle Type, and End-User |
| Companies Covered | Continental AG, Robert Bosch GmbH, Autoliv Inc., DENSO Corporation, ZF Friedrichshafen AG |
| Customization Scope | Free report customization with purchase |
Different segments covered under the Mexico automotive safety airbag market report are as below: