Brazil passenger car airbag market is forecast to grow at a CAGR around 7% during the forecast period. The major factor for the growth of the market is a significant increase in passenger car production in the country. Brazil is among the few countries which registered positive growth in 2019 in vehicle production and registration. As per the National Association of Motor Vehicle Manufacturers, in 2019, around 2.45 million passenger cars were produced in the country as compared to 2.38 million in 2018. A growth of 2.6% is registered YoY in 2019 in passenger car production whereas passenger car registration has increased by 7.6% YoY.
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Rising disposable income of the people, increasing awareness related to road safety, high prevalence of road accidents and cohesive government regulations are some of the other factors which will augment the passenger car airbag market in the country. From January 2014, it is mandatory for all new cars to have the front airbag and antilock braking system. From 2020, all-new launch passenger cars in the country have to pass side-impact tests which will be carried by Latin NCAP. It is expected to augment the market of side airbags and curtain airbags in the country. From 2023, all car models have to pass side-impact tests in the country.
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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 Passenger Car Airbag Market by Type
- Front airbag
- Side airbag
- Curtain airbag
- Knee airbag
Brazil Passenger Car Airbag Market by Vehicle Type
- Hatchback
- Sedan
- SUV
Company Profiles
- Autoliv Inc.
- Continental AG
- Daicel Corp.
- 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 Passenger Car 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 Passenger Car Airbag market.
- Insights about market determinants which are stimulating the Brazil Passenger Car 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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