Middle East & Africa Automotive Airbags and Seatbelts Market

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. 

Growing Adoption of Electric Vehicles 

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 Revenue and Forecast to 2028 (US$ Million) 

Middle East & Africa Automotive Airbags and Seatbelts Strategic Insights

Strategic insights for the Middle East & Africa Automotive Airbags and Seatbelts provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Middle East & Africa Automotive Airbags and Seatbelts Report Scope

Middle East & Africa Automotive Airbags and Seatbelts Regional Insights

The geographic scope of the Middle East & Africa Automotive Airbags and Seatbelts refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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.