The South African automotive safety airbag market was valued at US$0.073 billion in 2021.
The growth of the market for safety airbags in South Africa is majorly attributed to the rising number of road accidents which is anticipated to drive the demand for airbags for both OEMs and the aftermarket. However, presently no mandatory regulations are there on airbags, which may negatively impact the growth. However, the introduction of new road safety regulations is expected to propel the market growth opportunities as the automotive market size grew from US$41.8 billion to an estimated market size of US$43.20 billion by 2019 (Source: International Trade Administration, ITA) and a growing trend is projected for the coming years, which may be beneficial for key market players to invest in the country during the given time frame.
This research study examines the South African 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 South Africa’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 South African automotive safety airbag market. Moreover, the research study analyzes the overall regulatory framework of South Africa’s automotive safety airbag sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.
South Africa 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 South African 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$0.073 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, Autoliv Inc., DENSO Corporation, ZF Friedrichshafen AG, Toyoda Gosei Co. Ltd. |
| Customization Scope | Free report customization with purchase |
Different segments covered under the South Africa automotive safety airbag market report are as below: