The Morocco automotive safety airbag market is expected to reach US$0.061 billion by 2024 from US$0.092 billion in 2018 growing at a CAGR of 7%. The market in Morocco is poised to grow on account of the significant growth of the automotive sector of the country coupled with the rising number of deaths due to road accidents. The introduction of new safety regulations is also expected during the coming years which is anticipated to positively drive the growth of the market. As per the WHO the road traffic accident deaths accounted for more than 3.5% of the total deaths in 2017. Thus, burgeoning growth opportunities are expected in the country throughout the forecast period and beyond as Morocco offers an attractive value proposition which is the low-cost base and a competitive labor market for the production of its automobiles for exports.
“Morocco 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.
Morocco 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 Morocco 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 Morocco automotive safety airbag market.
Segmentation
The Morocco 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
By End-User
OEMs
Aftermarket
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