Market Size of Africa & Middle East Airbag Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 6.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Africa & Middle East Airbag Systems Market Analysis
The Africa and Middle East Airbag Systems Market is projected to grow with a CAGR of more than 6 % during the forecast period.
- The passenger cars demand in 2019, witnessed a positive growth rate in the region after 4 years of decline. In the middle east and north African region the number of registrations of passenger cars were up by more than 3% with around 2 million new registrations done in the whole year. In the African continent around 869,000 vehicles were sold.
- Lack of regulations regarding safety of passengers in vehicles in many counties in the region is restraining growth in the market.
- With the initiatives from the world organizations like United Nations and other non-profit organizations regarding road safety to curb the increasing road accidents and spread awareness among people in different parts of the world. People living in MENA region are also now opting for vehicles which are equipped with at least basic safety features like airbags, ABS for safety concerns. For instance, in April 2018, United Nations launched an initiative to improve road safety worldwide, where it urged the adoption policies and measures to implement vehicle safety regulations to ensure that all new motor vehicles meet applicable minimum regulations for the protection of occupants and other road users, with seat belts, airbags and active safety systems fitted as standard equipment.
Africa & Middle East Airbag Systems Industry Segmentation
The Africa and Middle East Airbag Systems Market report covers a detailed study on the latest trends and innovations in the market which is Segmented by Component Type (Airbag Module, Crash Sensors, Monitoring Unit and Others), by Vehicle Type (Passenger Cars and Commercial Vehicle), Coating Type (Neoprene Coated, Non-Coated, Silicon Coated and Others) and Country. Along with the major players, their strategies, innovations, technological advancements and financials are also covered in the report.
| Component Type | |
| Airbag Module | |
| Crash Sensors | |
| Monitoring Unit | |
| Others |
| Vehicle Type | |
| Passenger Cars | |
| Commercial Vehicle |
| Coating Type | |
| Neoprene Coated | |
| Non-Coated | |
| Silicone Coated | |
| Others |
Africa & Middle East Airbag Systems Market Size Summary
The Africa and Middle East airbag systems market is experiencing a positive growth trajectory, driven by increasing demand for passenger vehicles and a growing awareness of road safety. Despite the region's historical challenges with vehicle safety regulations, initiatives by global organizations like the United Nations are fostering a shift towards vehicles equipped with essential safety features such as airbags and ABS. This shift is particularly evident in the Middle East and North Africa, where consumer preferences are evolving in favor of safer vehicles. However, the lack of stringent safety regulations in many African countries continues to pose a challenge to market growth, although efforts like the #SaferCarsforAfrica initiative are making strides in improving vehicle safety standards.
The market landscape is characterized by a fragmented structure with numerous players holding small market shares. Prominent companies such as Autoliv Inc., Continental AG, Hyundai Mobis, Denso, and Bosch are actively introducing new vehicle models with enhanced safety features to capture a larger share of the market. South Africa remains a key player in the region, with significant contributions from major OEMs like BMW, Volkswagen, and Ford, who are investing in local production and launching vehicles with advanced safety systems. Despite economic challenges, these companies are focused on meeting local demand and expanding their export capabilities, thereby driving the growth of the airbag systems market in the region.
Africa & Middle East Airbag Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porters Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Component Type
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2.1.1 Airbag Module
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2.1.2 Crash Sensors
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2.1.3 Monitoring Unit
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2.1.4 Others
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2.2 Vehicle Type
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2.2.1 Passenger Cars
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2.2.2 Commercial Vehicle
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2.3 Coating Type
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2.3.1 Neoprene Coated
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2.3.2 Non-Coated
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2.3.3 Silicone Coated
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2.3.4 Others
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Africa & Middle East Airbag Systems Market Size FAQs
What is the current Africa & Middle East Airbag Systems Market size?
The Africa & Middle East Airbag Systems Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Africa & Middle East Airbag Systems Market?
Autoliv Inc., Continental AG, Denso Corporation, Robert Bosch GmbH and Hyundai Mobis are the major companies operating in the Africa & Middle East Airbag Systems Market.
