The Morocco automotive safety airbag market was valued at US$0.059 billion in 2021.
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 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.
This research study examines the Morocco 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 Morocco’s 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 Morocco automotive safety airbag market. Moreover, the research study analyzes the overall regulatory framework of Morocco’s automotive safety airbag sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.
Morocco 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 Morocco 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$0.059 billion |
| Growth Rate | CAGR during the forecast period |
| Base Year | 2021 |
| Forecast Period | 2023 – 2028 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered | Product Type, Vehicle Type, and End-User |
| Companies Covered | Robert Bosch GmbH, DENSO Corporation |
| Customization Scope | Free report customization with purchase |
Different segments covered under the Morocco automotive safety airbag market report are as below: