The Vietnam automotive safety airbag market was valued at US$0.021 billion in 2021 and is projected to expand at a CAGR of 10.03% over the forecast period to reach US$0.041 billion by 2028.
The automotive safety airbags market in Vietnam is projected to grow at a significant CAGR on account of the significant growth automotive industry of the country owing to the rising participation of automotive companies investing in the country. Furthermore, the growing number of deaths in road accidents also plays an important role to drive the market in the country. Moreover, increasing investments by key market players in the country to gain a competitive edge in the market also shows the growth potential of the market in Vietnam. For instance, Toyoda Gosei Co. Ltd announced an investment of US$24.6 million to set up a plant for making airbag parts in March 2018.
This research study examines the Vietnam 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 Vietnam’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 Vietnam automotive safety airbag market. Moreover, the research study analyzes the overall regulatory framework of Vietnam’s automotive safety airbag sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.
Vietnam 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 Vietnam 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$0.021 billion |
| Market Size Value in 2028 | US$0.041 billion |
| Growth Rate | CAGR of 10.03% from 2021 to 2028 |
| 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, ZF Friedrichshafen AG, Toyoda Gosei Co. Ltd. |
| Customization Scope | Free report customization with purchase |
Different segments covered under the Vietnam automotive safety airbag market report are as below: