Brazil Automotive Safety Airbag Market - Forecasts from 2019 to 2024

Brazil automotive safety airbag market is estimated to reach US$0.527 billion by 2024 from US$0.417 billion in 2018 growing at a CAGR of 3.97%. The mandatory requirement of airbags in all vehicles is one of the major factors driving the demand for airbags in the country. In 2013, new safety regulations were introduced which stated the mandatory requirements of frontal airbags for driver and passengers along with the mandatory fitting of ABS for all the new vehicles to be sold in the country after 2014. Furthermore, the growth of the automotive sector in Brazil coupled with the presence of a large consumer base is also expected to positively impact the growth of the market throughout the forecast period. All these factors collectively provide provides burgeoning opportunities to the solutions and equipment providers to invest in the country and expand their market share. However, the unstable economic growth of the country is expected to slow down the vehicle sales which may moderately hamper the market growth during the given time frame.

“Brazil 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.

Brazil 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 Brazil 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 Brazil automotive safety airbag market.

Segmentation

The Brazil 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