Brazil Airbag Market Size, Share, Trends & Forecast 2019-2025

Posted by pooja makkhar on March 11th, 2020

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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Brazil Airbag Market Segmentation

By Type

•          Front Airbag
•          Side Airbag
•          Curtain Airbag
•          Knee Airbag

By Vehicle Type

•          Passenger Cars

o   Hatchback

o   Sedan

o   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.

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