Mexico Airbags Systems Market Size, Analysis, Forecast 2031

Segments - Mexico Airbags Systems Market by Airbag Types (Front, Slide, Curtain, Knee, and Others), Automobile Types (Commercial Vehicles and Passenger Cars), End-users (Aftermarket and Original Equipment Manufacturer), and Country - Mexico Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Akash Vedpathak

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

The Mexico Airbags Systems Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 7% during the forecast period, 2023 – 2031. The growth of the market is attributed to the rising demand for airbag modules, increasing demand for new cars, and growing demand for primarily automotive airbag. Government rules, regulations, and initiatives including funding numerous projects for improving the passenger safety are anticipated to boost the market.

An airbag system is the vehicle occupant restraint system that uses bag intended to rise much quickly during a collision. Airbags lessen the impacts of crashes improves owing to innovative and ongoing progress at airbag technology. The airbag increases the energy absorbing surface in the vehicles residents such as device panel, headliner, body pillar, steering wheel, and windshield.

The industry is witnessing the development of innovative products and technologies that includes smart airbag, pedestrian airbag, fuzzy logic software airbag, and occupant sensor system to fulfill the rising demand. At the time of collision the crash sensor in the car gives signals to inflate bags, thus mitigating the effect of the collision. Side impacts airbags are the kind of airbags that is basically located at the door or seat panel and it also inflate between the seat occupant and the door.

Market Trends, Drivers, Restraints, and Opportunities

Increasing demand for smarter and safer airbags is projected to propel the market expansion during the forecast period.
Rapid growth of the automotive industry is major factors boosting the market growth.
High replacement cost of the airbags is anticipated to impede the market expansion in the coming years.
Driverless vehicles and anti-crash sensors act as major challenges that can restrict the market growth.
R&D investment and technological advancement in airbags systems is estimated to offer immense opportunities for the market players.

Scope of the Report

The report on the Mexico airbags systems market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Mexico Airbags Systems Market - Mexico Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Airbag Types (Front, Slide, Curtain, knee, and Others), Automobile Types (Commercial Vehicles and Passenger Cars), End-users (Aftermarket and Original Equipment Manufacturer)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Autoliv Inc.; Continental AG; ZF Friedrichshafen AG; DENSO Corporation; and Robert Bosch GmbH

Market Segment Insights

Curtain segment is projected to account for a large market share

Based on airbags types, the Mexico airbags systems market is divided into front, slide, curtain, knee, and others. The curtain segment is expected to constitute a key share of the market during the forecast period owing to its effectiveness and give occupants in case of a rollover crash. Curtain airbags provides neck and head protection to passengers in case of collision crash. The increasing need to deploy effectively upon a secondary impact by calibrating the status of vehicle is anticipated to fuel the market.

Passenger Cars segment is projected to hold a key market share

On the basis of automobiles types, the market is segmented into commercial vehicles and passenger cars. The passenger cars segment is expected to represent a key share of the market in the coming years due to rising purchasing power of consumers, improved lifestyles, and development of the infrastructure. Airbags and seatbelts are provided with standard feature in passenger cars for preventing fatalities due to accidents. The rising disposable income and availability of easier financing alternatives are encouraging consumers to adopt passenger cars.

Original equipment market segment is projected to constitute a major market share

In terms of end-users, the Mexico airbags systems market is segregated into aftermarket and original equipment manufacturer. The original equipment manufacturer segment is expected to account for a key share of the market during the forecast period owing to high growth rate in the industries, various companies is desiring to venture into this market. However, the aftermarket segment is anticipated to expand at a rapid pace during the forecast period due to it is significantly more affordable than original equipment manufacturer.

Segments

The Mexico airbags systems market has been segmented on the basis of

Airbags Types

Front
Slide
Curtain
Knee
Others

Automobiles Types

Commercial Vehicles
Passenger Cars

End-users

Aftermarket
Original Equipment Manufacturer

Country

Mexico

Key Players

Autoliv Inc.
Continental AG
ZF Friedrichshafen AG
DENSO Corporation
Robert Bosch GmbH

Competitive Landscape

Key players competing in the Mexico airbags systems market include Autoliv Inc.; Continental AG; ZF Friedrichshafen AG; DENSO Corporation; and Robert Bosch GmbH. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

Mexico Airbags Systems Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Airbags Systems Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Airbags Systems Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Airbags Systems Market - Supply Chain
  4.5. Global Airbags Systems Market Forecast
     4.5.1. Airbags Systems Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Airbags Systems Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Airbags Systems Market Absolute $ Opportunity
5. Global Airbags Systems Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Airbags Systems Market Size and Volume Forecast by End Users
     5.3.1. Aftermarket
     5.3.2. Original Equipment Manufacturer
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Airbags Systems Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Airbags Systems Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Airbags Systems Demand Share Forecast, 2019-2026
7. North America Airbags Systems Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Airbags Systems Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Airbags Systems Market Size and Volume Forecast by End Users
     7.4.1. Aftermarket
     7.4.2. Original Equipment Manufacturer
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Airbags Systems Demand Share Forecast, 2019-2026
8. Latin America Airbags Systems Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Airbags Systems Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Airbags Systems Market Size and Volume Forecast by End Users
     8.4.1. Aftermarket
     8.4.2. Original Equipment Manufacturer
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Airbags Systems Demand Share Forecast, 2019-2026
9. Europe Airbags Systems Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Airbags Systems Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Airbags Systems Market Size and Volume Forecast by End Users
     9.4.1. Aftermarket
     9.4.2. Original Equipment Manufacturer
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Airbags Systems Demand Share Forecast, 2019-2026
10. Asia Pacific Airbags Systems Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Airbags Systems Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Airbags Systems Market Size and Volume Forecast by End Users
     10.4.1. Aftermarket
     10.4.2. Original Equipment Manufacturer
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Airbags Systems Demand Share Forecast, 2019-2026
11. Middle East & Africa Airbags Systems Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Airbags Systems Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Airbags Systems Market Size and Volume Forecast by End Users
     11.4.1. Aftermarket
     11.4.2. Original Equipment Manufacturer
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Airbags Systems Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Airbags Systems Market: Market Share Analysis
  12.2. Airbags Systems Distributors and Customers
  12.3. Airbags Systems Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Autoliv Inc.
     12.4.2. Continental AG
     12.4.3. ZF Friedrichshafen AG
     12.4.4. DENSO Corporation
     12.4.5. Robert Bosch GmbH