The Thailand automotive safety airbag market is expected to reach US$0.579 billion by 2024 from US$0.329 billion in 2018 growing at a CAGR of 9.87%. The growth of the market for safety airbags in Thailand is supported by dynamic competition between the foreign OEMs in addition to having an immense network of supporting industries. The country is continuing on expanding its manufacturing base where the auto part suppliers are growing on increasing their presence here. Thailand provides a lucrative investment potential as the leading automotive production base in the ASEAN region, which is considered a fast-developing region for automotive manufacturing, which is expected to positively impact market growth. Furthermore, as per the reports of the WHO Thailand has the sixth-highest road traffic fatalities among other countries of the world, which is also expected to drive the market growth on account of the introduction of new safety regulations for addressing these fatalities during the coming years.
“Thailand 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.
Thailand 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 Thailand 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 Thailand automotive safety airbag market.
Segmentation
The Thailand 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
Heavy Commercial Vehicle
By End-User
OEMs
Aftermarket
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