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.
To Request a Sample of our Report on Brazil Airbag Market: https://www.omrglobal.com/request-sample/brazil-airbag-market
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.
Brazil airbag market is segmented on the basis of type and vehicle type. By type, the market is further segmented into front airbag, side airbag, curtain airbag, and knee airbag. During the forecast period, the front airbag segment is expected to have a major market share. Side airbags and curtain airbags are expected to show a significant growth rate during the forecast period. By vehicle type, the market is segmented into passenger cars and commercial vehicles. Passenger car is expected to have a major market share during the forecast period.
(Get 15% Discount on Buying this Report)
A full Report of Brazil Airbag Market is Available at: https://www.omrglobal.com/industry-reports/brazil-airbag-market
Brazil Airbag Market Segmentation
By Type
- Front Airbag
- Side Airbag
- Curtain Airbag
- Knee Airbag
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.
Reasons to Buying From us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/brazil-airbag-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
For More Information, Visit Orion Market Research
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
