Market Size of South Africa Airbag Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 7.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
South Africa Airbag System Market Analysis
The South Africa Airbag Systems Market is expected to register a CAGR of more than 7 % during the forecast period, 2020-2025.
- South Africa automotive industry growing slowly, and most economies started gaining momentum. By 2025 South Africa is expected to have a high demand for passenger cars and commercial vehicle sales South Africa is also emerging as an automotive part manufacture hub for the African region and is expected to drive the market for automotive reed switches in the region.
- Passenger safety is of the utmost importance to the South African government as well as the companies. Regulations towards consumer safety and security have made manufacturers install safety devices in the cars. The government of many countries has made usage of seat belts and airbags mandatory.
- In 2019, South Africa continued to capture the largest market for airbag inflators in Africa Middle East region due to various government initiatives toward passenger safety, such as the introduction of crash tests for frontal and side impact protection, sub-system tests for pedestrian protection, and anti-lock braking requirements.
