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. 

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. 

Major companies which are contributing significantly in the market include 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., and others. The market players are considerably contributing to the market growth by the adoption of various growth strategies including new product launch, merger, and acquisition, collaborations with government, and technological advancements to stay competitive in the market.

Research Methodology

The market study is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to bring authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for automotive companies, auto-ancillary companies, vendors, government organizations, venture capitalists for the comprehensive market analysis. The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Brazil Airbag Market Research and Analysis by Type
2. Brazil Airbag Market Research and Analysis by Vehicle Type

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.