The Middle East and Africa automotive safety airbag market were valued at US$595.326 million in 2021.
The growth of the market in the Middle East and Africa region is majorly attributed to the growth of the automotive industry on account of rising disposable income with has further led to the surge in the middle-class population in the country boosting the demand for new cars. Furthermore, the high purchasing power of the people of the Middle Eastern countries is also expected to boost the demand for luxury cars further fuelling the growth of the market. In addition, rising investments by key automotive manufacturers such as Daimler AG, Mabuchi, Toyota, and LG Chem to increase their production on account of the rising demand further shows the growth potential of the automotive sector and is thus anticipated to drive the growth of safety airbags market in the Middle East and Africa region during the next five years.
This research study examines the Middle East and Africa automotive safety airbag market based on various segments: product type, vehicle type, end-user, and countries. First, a brief overview of the market details key driving factors and challenges. Next, Porter's five forces model analyzes the Middle East and Africa automotive safety airbag industry comprehensively. This is followed by industry value chain analysis which determines the companies which are part of the different processes and contributing to various sectors.
The study also presents in-depth information concerning the development, trends, and industry policies and regulations affecting the Middle East and Africa automotive safety airbag market. Moreover, the research study analyzes the overall regulatory framework of the Middle East and Africa automotive safety airbag sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.
Middle East and Africa automotive safety airbag market – Forecasts from 2021 to 2028 is a comprehensive and latest report. It provides vital market information to executives and interested stakeholders to enable them to get vital market information. The report also analyzes the competitive landscape and details strategies of key market players and also plots them on our vendor matrix in four quadrants: leader, follower, challenger, and niche.
The scope and coverage of the Middle East and Africa automotive safety airbag market report is as below:
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Market Size Value in 2021 | US$595.326 million |
| Growth Rate | CAGR during the forecast period |
| Base Year | 2021 |
| Forecast Period | 2023 – 2028 |
| Forecast Unit (Value) | USD Million |
| Segments Covered | Product Type, Vehicle Type, End-User, and Country |
| Regions Covered | Saudi Arabia, UAE, Israel, Others |
| Companies Covered | Continental AG, Robert Bosch GmbH, Autoliv Inc., DENSO Corporation, ZF Friedrichshafen AG, Ningbo Joyson Electronic Corp., Toyoda Gosei Co. Ltd., Aptiv, HELLA GmbH and Co. KGaA, Mitsubishi Electric Company |
| Customization Scope | Free report customization with purchase |
Different segments covered under the Middle East and Africa automotive safety airbag market report are as below: