The South America automotive safety airbag market is expected to reach US$0.615 billion by 2024 from US$0.503 billion in 2018 growing at a CAGR of 3.39%. The South America automotive safety airbags market is projected to grow at a noteworthy CAGR owing to the growth of the automotive sector such as Brazil and Argentina coupled with government regulations for the mandatory requirements of airbags in the vehicles in Brazil. Thus growth in the automotive sector of Brazil is expected to boost market growth. Furthermore, the government initiatives to boost the automotive production and growing investments in R&D with an aim to increase the competitiveness of the region at the global level is also anticipated to augment the market growth during the next five years.
“South America 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 analyses the key opportunity in major South American countries and the current technology penetration through market attractiveness. The report also analyses the market through comprehensive market segmentation by product type, vehicle type, end-user, and country.
South America 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 South America 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 South America automotive safety airbag market.
The South America 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