Brazil airbag market is forecast to augment at a CAGR of nearly 7% during the forecast period. Key factors that will raise the country’s airbag market include increasing disposable income of the people, rising awareness toward road safety, high road accidents and cohesive government regulations. Front airbags and anti-lock braking systems are mandatory in passenger cars since 2014. Moreover, from 2020, all new car models have to pass side impact test also before launching the car in the market. From 2023, all car models have to pass side-impact tests in the country carried by Latin NCAP.
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Increasing vehicle production is also a major factor augmenting the growth of the market in the country. The country is among the few emerging countries where vehicle production and sales increased in 2019. As per Brazil’s National Association of Motor Vehicle Manufacturers, the overall vehicle production increased by 2.3% in 2019 yoy and reached nearly 2.95 million from 2.88 million in 2018. Passenger car production showed a growth of 2.6% YoY in 2019 and reached 2.45 million in 2019 as compared to 2.38 million in 2018.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Brazil Airbag Market by Type
- Front Airbag
- Side Airbag
- Curtain Airbag
- Knee Airbag
Brazil Airbag Market by Vehicle Type
- Passenger Cars
- Hatchback
- Sedan
- SUV
- Commercial Vehicle
Company Profiles
- Autoliv Inc.
- Continental AG
- DENSO Corp.
- Hyundai Mobis Co., Ltd.
- Key Safety Systems, Inc.
- Robert Bosch GmbH
- Toyoda Gosei Co., Ltd.
- TRW Automotive Holdings Corp.
The Report Covers
- Comprehensive research methodology of the Brazil Airbag market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Brazil Airbag market.
- Insights about market determinants which are stimulating the Brazil Airbag market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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