The automotive airbags and seatbelts market in Middle East & Africa is expected to grow from US$ 2,710.42 million in 2022 to US$ 4,029.02 million by 2028. It is estimated to grow at a CAGR of 6.8% from 2022 to 2028.
The demand for electric vehicles is growing faster from 2021, owing to increasing investment in manufacturing plants. Nowadays, electric cars are equipped with airbags and seatbelts with advanced features for a better driving experience. Increasing demand for zero-emission vehicles and growing supportive regulations for zero-emission vehicles through subsidies and tax rebates have compelled the manufacturers to provide electric cars across the globe. When switching to an electric vehicle, customers expect a higher level of automated experience and advanced driving features. The push for technological innovation and a rise in focus on the safety of passengers and drivers may further increase the demand for airbags and seatbelts with advanced features. In addition, increased expectations for deploying airbags and seatbelts in electric vehicles are fuelling the market growth. The growing production capabilities of EVs are further strengthening the demand for automotive airbags and seatbelts. Thus, the growing production of electric vehicles is anticipated to hold potential demand for installing the automotive airbags and seatbelts, thereby driving the market during the forecast period.
The demand for electric vehicles is growing faster from 2021, owing to increasing investment in manufacturing plants. Nowadays, electric cars are equipped with airbags and seatbelts with advanced features for a better driving experience. Increasing demand for zero-emission vehicles and growing supportive regulations for zero-emission vehicles through subsidies and tax rebates have compelled the manufacturers to provide electric cars across the globe. When switching to an electric vehicle, customers expect a higher level of automated experience and advanced driving features. The push for technological innovation and a rise in focus on the safety of passengers and drivers may further increase the demand for airbags and seatbelts with advanced features. In addition, increased expectations for deploying airbags and seatbelts in electric vehicles are fuelling the market growth. The growing production capabilities of EVs are further strengthening the demand for automotive airbags and seatbelts. Thus, the growing production of electric vehicles is anticipated to hold potential demand for installing the automotive airbags and seatbelts, thereby driving the market during the forecast period.
Market Overview
Governments of several countries in the MEA have realized the importance of the automotive industry. They are taking several initiatives to support the automotive manufacturing industry growth in the MEA. For instance, the South African government launched the South African Automotive Masterplan (SAAM) to broaden and deepen the local value chains. Moreover, the automotive manufacturers in South Africa are focusing on strengthening their position in the country. For instance, in 2018, Mahindra SA opened its vehicle assembly outlet in Durban in South Africa. Also, in January 2020, Toyota announced that it would invest ~US$ 266.2 million in its parts distribution and manufacturing projects situated in South Africa. Thus, all the factors mentioned above are expected to support the growth of the automobile industry, which will directly support the automotive airbags and seatbelts market.Middle East & Africa Automotive Airbags and Seatbelts Market Segmentation
The Middle East & Africa automotive airbags and seatbelts market is segmented into airbags type , seatbelts type, vehicle class, and country.- Based on airbag type , the market is segmented into front, knee, side and curtain. The front segment registered the largest market share in 2022.
- Based on seatbelts type , the market is segmented into 2-point and 3-point. The 3- point segment held the largest market share in 2022.
- Based on vehicle class , the market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger cars segment held the largest market share in 2022.
- Based on country, the market is segmented into South Africa, Saudi Arabia ,UAE , and Rest of Middle East & Africa. South Africa dominated the market share in 2022. Autoliv Inc. ; Continental AG ; Denso Corporation ; INFINEON TECHNOLOGIES AG ; Robert Bosch GmbH ; ZF Friedrichshafen AG ; Joyson Safety Systems and Toyoda Gosei Co., Ltd. are the leading companies operating in the automotive airbags and seatbelts market in the region.
Table of Contents
1. Introduction
3. Research Methodology
4. Middle East & Africa Automotive Airbags and Seatbelts Market Landscape
5. Middle East & Africa Automotive Airbags and Seatbelts Market - Key Industry Dynamics
6. Automotive Airbags and Seatbelts Market -Market Analysis
7. Middle East & Africa Automotive Airbags and Seatbelts Market Analysis - By Airbags Type
8. Middle East & Africa Automotive Airbags and Seatbelts Market Analysis - By Seatbelts Type
9. Middle East & Africa Automotive Airbags and Seatbelts Market Analysis - By Vehicle Class
10. Middle East & Africa Automotive Airbags and Seatbelts Market - Country Analysis
11. Industry Landscape
12. Company Profiles
13. Appendix
List of Tables
List of Figures
Companies Mentioned
- Autoliv Inc.
- Continental Ag
- Denso Corporation
- Infineon Technologies Ag
- Robert Bosch Gmbh
- Zf Friedrichshafen Ag
- Joyson Safety Systems
- Toyoda Gosei Co., Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 82 |
| Published | November 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 2710.42 Million |
| Forecasted Market Value ( USD | $ 4029.02 Million |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Africa, Middle East |
| No. of Companies Mentioned | 8 |
