Brazil Passenger Car Airbag Market Trends 2019 | Segmentation, Outlook, Industry Report to 2025

Brazil passenger car airbag market is forecast to grow at a CAGR around 7% during the forecast period. The major factor for the growth of the market is a significant increase in passenger car production in the country. Brazil is among the few countries which registered positive growth in 2019 in vehicle production and registration. As per the National Association of Motor Vehicle Manufacturers, in 2019, around 2.45 million passenger cars were produced in the country as compared to 2.38 million in 2018. A growth of 2.6% is registered YoY in 2019 in passenger car production whereas passenger car registration has increased by 7.6% YoY.

To Request a Sample of our Report on Brazil Passenger Car Airbag Market: https://www.omrglobal.com/request-sample/brazil-passenger-car-airbag-market

Rising disposable income of the people, increasing awareness related to road safety, high prevalence of road accidents and cohesive government regulations are some of the other factors which will augment the passenger car airbag market in the country. From January 2014, it is mandatory for all new cars to have the front airbag and antilock braking system. From 2020, all-new launch passenger cars in the country have to pass side-impact tests which will be carried by Latin NCAP. It is expected to augment the market of side airbags and curtain airbags in the country. From 2023, all car models have to pass side-impact tests in the country.

The market is segmented on the basis of type and vehicle type. By type, the market is further segmented into front airbag, side airbag, curtain airbag, and knee airbag. During the forecast period, front airbag segment is expected to have a major market share with a significant growth rate in the country. By vehicle type, the market is segmented into Hatchback, Sedan, and SUV. The hatchback segment is expected to have a significant market growth during the forecast period.

(Get 15% Discount on Buying this Report)

A full Report of Brazil Passenger Car Airbag Market is Available at: https://www.omrglobal.com/industry-reports/brazil-passenger-car-airbag-market

Brazil Passenger Car Airbag Market Segmentation

By Type

· Front Airbag

· Side Airbag

· Curtain Airbag

· Knee Airbag

By Vehicle Type

· Hatchback

· Sedan

· SUV

Company Profiles

· Autoliv Inc.

· Continental AG

· Daicel Corp

· DENSO Corp.

· Hyundai Mobis Co., Ltd.

· Key Safety Systems, Inc.

· Robert Bosch GmbH

· Toyoda Gosei Co., Ltd.

· TRW Automotive Holdings Corp.

Reasons to Buy from us –

1. We cover more than 15 major industries, further segmented into more than 90 sectors.

2. More than 120 countries are for analysis.

3. Over 100+ paid data sources mined for investigation.

4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/brazil-passenger-car-airbag-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

This release was published on openPR.