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Brazil Airbag Systems Market Size (2024 - 2029)

The Brazil airbag system market is anticipated to experience significant growth, driven by stringent government regulations mandating the installation of safety devices like airbags and seat belts in vehicles. Despite the initial downturn in automotive sales due to the CoVid-19 pandemic, the market is expected to expand as sales recover post-lockdown. The focus on passenger safety, highlighted by the high rate of road traffic fatalities in Brazil compared to other countries, underscores the importance of these regulations in influencing the market's expansion.

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Market Size of Brazil Airbag Systems Industry

Brazil Airbag Systems Market_overview
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 6.00 %
Market Concentration High

Major Players

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*Disclaimer: Major Players sorted in no particular order

Brazil Airbag Systems Market Analysis

The Brazil airbag system market is expected to register a CAGR over 6% during the forecasted period (2020 - 2025)

  • Every day around 3,700 people are killed globally in road traffic crashes involving cars and busses. Road traffic injuries are the leading cost of deaths for children and young adults aged 5-29 years. Passenger safety is of the utmost importance to the government as well as the companies. Regulations towards consumer safety and security have made manufacturers install safety devices in the cars. The government of many countries has made usage of seat belts and airbags mandatory.
  • CoVid-19 has a huge impact on the automotive airbag and seatbelt market as the automobile sales are very low. However after easing the lockdown, in the forecasted period the sales will increase substantially which will help the market grow.
  • According to the Brazilian Health Ministry's data on deaths compared to the size of country's car fleet, unsafe cars, along with dangerous driving habits, have resulted in a four times increase in the death rate than that of the United States. During the forecasted period, government regulations will help this market grow.

Brazil Airbag Systems Industry Segmentation

The Brazil airbag system market report covers the latest trends and technological development in the automotive airbags and seatbelt market, demand by airbag type, vehicle type, by user type, and market share of major automotive airbag system manufacturers across the world.

Airbag Type
Curtain
Front
Knee
Sire
Others
Automobile Type
Passenger Vehicles
Commercial Vehicles
Busses
Truck
Market by End Consumer
OEMs
After-Market
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Brazil Airbag Systems Market Size Summary

The Brazil airbag systems market is poised for significant growth, driven by increasing consumer demand for vehicle safety and stringent government regulations mandating the installation of safety devices like airbags and seat belts. The market is expected to expand as the automotive industry in Brazil recovers from the impacts of the COVID-19 pandemic, which had previously led to a decline in automobile sales. The Brazilian government's focus on enhancing passenger safety, coupled with the country's status as a major exporter in Latin America, supports the anticipated growth of the airbag systems market. The introduction of advanced safety features, such as curtain and pedestrian airbags, reflects the evolving consumer awareness and demand for enhanced vehicle safety.

The market landscape is characterized by the presence of major players like Takata, Autoliv, and ZF TRW, with production facilities concentrated in the southern region of Brazil. These companies are instrumental in meeting the growing demand for airbags, including knee airbags, which are gaining popularity due to increased consumer interest in active leg protection. The automotive industry, traditionally focused on cost and performance, is witnessing a shift towards prioritizing safety features, with original equipment manufacturers (OEMs) integrating airbags as standard features in premium vehicles. Despite challenges such as past incidents involving defective airbags, the market remains consolidated, with ongoing mergers and acquisitions among key players to maintain competitive advantage. As technology advances, there is a potential shift towards active safety systems, which may influence the future demand for passive safety systems like airbags and seatbelts.

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Brazil Airbag Systems Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porters 5 Force Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Airbag Type

      1. 2.1.1 Curtain

      2. 2.1.2 Front

      3. 2.1.3 Knee

      4. 2.1.4 Sire

      5. 2.1.5 Others

    2. 2.2 Automobile Type

      1. 2.2.1 Passenger Vehicles

      2. 2.2.2 Commercial Vehicles

      3. 2.2.3 Busses

      4. 2.2.4 Truck

    3. 2.3 Market by End Consumer

      1. 2.3.1 OEMs

      2. 2.3.2 After-Market

Brazil Airbag Systems Market Size FAQs

The Brazil Airbag Systems Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

ZF Friendrichshafen AG, Hyundai Mobis Co Ltd , Autoliv Inc , DENSO Corporation  and Continental AG  are the major companies operating in the Brazil Airbag Systems Market.

Brazil Airbag Systems Report Snapshots

Brazil Airbag Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)