The South American automotive safety airbag market was valued at US$616.379 million in 2021.
The South American 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 automotive production and growing investments in R&D to increase the competitiveness of the region at the global level are also anticipated to augment the market growth during the next five years.
This research study examines the South American automotive safety airbag market based on various segments: product type, vehicle type, end-user, and countries. First, a brief overview of the market details key driving factors and challenges. Next, Porter's five forces model analyzes the South America 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 South America automotive safety airbag market. Moreover, the research study analyzes the overall regulatory framework of the South America automotive safety airbag sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.
South America automotive safety airbag market – Forecasts from 2021 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 America automotive safety airbag market report is 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$616.379 million |
| Growth Rate | CAGR during the forecast period |
| Base Year | 2021 |
| Forecast Period | 2023 – 2028 |
| Forecast Unit (Value) | USD Million |
| Segments Covered | Product Type, Vehicle Type, End-User, and Country |
| Regions Covered | Brazil, Argentina, Others |
| Companies Covered | Continental AG, Robert Bosch GmbH, Autoliv Inc., DENSO Corporation, ZF Friedrichshafen AG, Aptiv PLC, Ningbo Joyson Electronic Corp., Toyoda Gosei Co. Ltd., Hyundai Mobis Co. Ltd., Joyson Safety Systems |
| Customization Scope | Free report customization with purchase |
Different segments covered under the South America automotive safety airbag market report are as below: