Airbag Systems Market Size in South Africa to Grow by 516.67 thousand units | Airbag Systems and Autoliv Inc. Among Key Vendors | Technavio – PR Newswire


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NEW YORK, June 2, 2022 /PRNewswire/ — The airbag systems market in South Africa is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. Some of the key vendors operating in this market include Airbag Systems, Autoliv Inc., Continental AG, DENSO Corp., HASCO Co. Ltd., Joyson Safety Systems Aschaffenburg GmbH, Robert Bosch GmbH, Sumitomo Corp., Toyota Motor Corp., and ZF Friedrichshafen AG among others.
The airbag systems market size in South Africa is expected to grow by 516.67 thousand units from 2021 to 2026. However, the growth momentum of the market will decelerate at a CAGR of 9.49% during the forecast period.
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Enhanced vehicle safety with more airbags is one of the key drivers in the market. The use of airbags can reduce the number of injuries and fatalities caused by accidents. Currently, different types of airbags are available in vehicles. Airbags in the steering wheel and front panel protect passengers from frontal or head-on collisions. Knee airbags protect the legs and knees of passengers from injuries during a collision. External airbags protect pedestrians from getting hit by a vehicle. The rise in the number of airbags per vehicle is expected to fuel the growth of the market in focus.
The high-cost pressure on OEMs will challenge the airbag systems market in South Africa during the forecast period. OEMs need to comply with regulations without transmitting additional costs to consumers. In addition, consumers are demanding advanced features at competitive prices, which adds to the cost pressure. This may negatively impact the demand for several types of airbags. Thus, high-cost pressures on OEMs are likely to hamper the market growth.
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This report segments the market by type (side airbag, front airbag, and other airbags) and vehicle type (passenger vehicles and commercial vehicles).
By type, the side airbag segment will account for most of the market growth. These airbags are used to protect passengers from a side impact in vehicles. The growth of this segment is related to the growth of the premium vehicles segment of the automotive industry in South Africa. The rise in demand for premium cars among high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) will drive the growth of this segment during the forecast period.
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Airbag Systems Market Scope in South Africa
Report Coverage
Page number
Base year
Forecast period
Growth momentum & CAGR
Decelerate at a CAGR of 9.49%
Market growth 2022-2026
516.67 th units
Market structure
YoY growth (%)
Regional analysis
South Africa
Competitive landscape
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
Airbag Systems, Autoliv Inc., Continental AG, DENSO Corp., HASCO Co. Ltd., Joyson Safety Systems Aschaffenburg GmbH, Robert Bosch GmbH, Sumitomo Corp., Toyota Motor Corp., and ZF Friedrichshafen AG
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents
1. Executive Summary
               1.1     Market Overview
                              Exhibit 01:  Key Finding 1
                              Exhibit 02:  Key Finding 2
                              Exhibit 03:  Key Finding 5
                              Exhibit 04:  Key Finding 6
                              Exhibit 05:  Key Finding 7
2. Market Landscape             
                  2.1 Market ecosystem
                              Exhibit 06:  Parent market
                              Exhibit 07:  Market characteristics
               2.2 Value Chain Analysis
                              Exhibit 08:  Value chain analysis: Automotive components and accessories
                              2.2.1    Inputs
                              2.2.2    Inbound logistics
                              2.2.3    Operations
                              2.2.4    Distribution and logistics
                              2.2.5    Marketing and sales
                              2.2.6    Service
                              2.2.7    Industry innovations
3. Market Sizing                      
               3.1 Market definition
                              Exhibit 09:  Offerings of vendors included in the market definition
               3.2 Market segment analysis
                              Exhibit 10:  Market segments
               3.3 Market size 2021 
               3.4 Market outlook: Forecast for 2021 – 2026 
                              3.4.1 Estimating growth rates for emerging and high-growth markets
                              3.4.2 Estimating growth rates for mature markets
                              Exhibit 11:  South Africa – Market size and forecast 2021 – 2026 (thousand units)
                              Exhibit 12:  South Africa market: Year-over-year growth 2021 – 2026 (%)
4. Five Forces Analysis
               4.1 Five Forces Summary
                              Exhibit 13:  Five forces analysis 2021 & 2026
               4.2 Bargaining power of buyers 
                              Exhibit 14: Bargaining power of the buyer
               4.3 Bargaining power of suppliers
                              Exhibit 15: Bargaining power of the supplier
               4.4 Threat of new entrants
                              Exhibit 16: Threat of new entrants
               4.5 Threat of substitutes
                              Exhibit 17: Threat of substitutes
               4.6 Threat of rivalry   
                              Exhibit 18: Threat of rivalry
               4.7 Market condition 
                              Exhibit 19: Market condition – Five forces 2021
5. Market Segmentation by  Type
                    5.1 Market segments
                              Exhibit 20:  Type- Market share 2021-2026 (%)
               5.2 Comparison by Type
                              Exhibit 21:  Comparison by Type
               5.3 Side airbag – Market size and forecast 2021-2026
                              Exhibit 22:  Side airbag – Market size and forecast 2021-2026 (thousand units)
                              Exhibit 23:  Side airbag – Year-over-year growth 2021-2026 (%)
               5.4 Front airbag – Market size and forecast 2021-2026
                              Exhibit 24:  Front airbag – Market size and forecast 2021-2026 (thousand units)
                              Exhibit 25:  Front airbag – Year-over-year growth 2021-2026 (%)
               5.5 Other airbags – Market size and forecast 2021-2026
                              Exhibit 26:  Other airbags – Market size and forecast 2021-2026 (thousand units)
                              Exhibit 27:  Other airbags – Year-over-year growth 2021-2026 (%)
               5.6 Market opportunity by Type
                              Exhibit 28:   Market opportunity by Type
6. Market Segmentation by Vehicle type 
               6.1 Market segments
                              Exhibit 29:  Vehicle type – Market share 2021-2026 (%)
               6.2 Comparison by Vehicle type           
                              Exhibit 30:  Comparison by Vehicle type
               6.3 Passenger vehicles – Market size and forecast 2021-2026   
                              Exhibit 31:  Passenger vehicles – Market size and forecast 2021-2026 (thousand units)
                              Exhibit 32:  Passenger vehicles – Year-over-year growth 2021-2026 (%)
               6.4 Commercial vehicles – Market size and forecast 2021-2026
                              Exhibit 33:  Commercial vehicles – Market size and forecast 2021-2026 (thousand units)
                              Exhibit 34:  Commercial vehicles – Year-over-year growth 2021-2026 (%)
               6.5 Market opportunity by Vehicle type
                              Exhibit 35:  Market opportunity by Vehicle type
7. Customer landscape
                              Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
               7.1 Overview
                              Exhibit 36:  Customer landscape
8. Drivers, Challenges, and Trends
               8.1 Market Driver 
                              8.1.1    Enhanced vehicle safety with more airbags
                              8.1.2    Growing importance of crash tests and NCAP ratings
                              8.1.3    Increasing automotive production
               8.2 Market challenges
                              8.2.1    High-cost pressure on OEMs
                              8.2.2    Lack of regulation for airbags in medium and heavy-duty vehicles
                              8.2.3    Functional issues – Effects of false positives and negatives
                              Exhibit 37:  Impact of drivers and challenges
               8.3 Market trends
                              8.3.1    MEMS sensors for airbags
                              8.3.2    March toward autonomous vehicles
                              8.3.3    Future regulations on curtain airbags to boost market growth
9. Vendor Landscape
               9.1 Overview
                              Exhibit 38:  Vendor landscape
               9.2 Landscape disruption 
                              Exhibit 39:  Landscape disruption
                              Exhibit 40:  Industry risks
10. Vendor Analysis
               10.1 Vendors covere
                              Exhibit 41: Vendors covered
               10.2 Market positioning of vendors
                              Exhibit 42: Market positioning of vendors
               10.3 Airbag Systems
                              Exhibit 43:  Airbag Systems – Overview
                              Exhibit 44:  Airbag Systems – Product and service
                              Exhibit 45:  Airbag Systems – Key offerings
               10.4 Autoliv Inc.
                              Exhibit 46:  Autoliv Inc. – Overview
                              Exhibit 47:  Autoliv Inc. – Business segments
                              Exhibit 48:  Autoliv Inc. – Key News
                              Exhibit 49:  Autoliv Inc. – Key offerings
                              Exhibit 50:  Autoliv Inc. – Segment focus
               10.5 Continental AG  
                              Exhibit 51:  Continental AG  – Overview
                              Exhibit 52:  Continental AG  – Business segments
                              Exhibit 53:  Continental AG  – Key News
                              Exhibit 54:  Continental AG  – Key offerings
                              Exhibit 55:  Continental AG  – Segment focus
               10.6 DENSO Corp.      
                              Exhibit 56:  DENSO Corp. – Overview
                              Exhibit 57:  DENSO Corp. – Business segments
                              Exhibit 58:  DENSO Corp. – Key News
                              Exhibit 59:  DENSO Corp. – Key offerings
                              Exhibit 60:  DENSO Corp. – Segment focus
               10.7 HASCO Co. Ltd.
                              Exhibit 61:  HASCO Co. Ltd. – Overview
                              Exhibit 62:  HASCO Co. Ltd. – Product and service
                              Exhibit 63:  HASCO Co. Ltd. – Key offerings
               10.8 Joyson Safety Systems Aschaffenburg GmbH
                              Exhibit 64:  Joyson Safety Systems Aschaffenburg GmbH – Overview
                              Exhibit 65:  Joyson Safety Systems Aschaffenburg GmbH – Product and service
                              Exhibit 66:  Joyson Safety Systems Aschaffenburg GmbH – Key offerings
               10.9 Robert Bosch GmbH
                              Exhibit 67:  Robert Bosch GmbH – Overview
                              Exhibit 68:  Robert Bosch GmbH – Business segments
                              Exhibit 69:  Robert Bosch GmbH – Key News
                              Exhibit 70:  Robert Bosch GmbH – Key offerings
                              Exhibit 71:  Robert Bosch GmbH – Segment focus
               10.10 Sumitomo Corp.
                              Exhibit 72:  Sumitomo Corp. – Overview
                              Exhibit 73:  Sumitomo Corp. – Business segments
                              Exhibit 74:  Sumitomo Corp. – Key News
                              Exhibit 75:  Sumitomo Corp. – Key offerings
                              Exhibit 76:  Sumitomo Corp. – Segment focus
               10.11 Toyota Motor Corp.      
                              Exhibit 77:  Toyota Motor Corp. – Overview
                              Exhibit 78:  Toyota Motor Corp. – Business segments
                              Exhibit 79:  Toyota Motor Corp. – Key News
                              Exhibit 80:  Toyota Motor Corp. – Key offerings
                              Exhibit 81:  Toyota Motor Corp. – Segment focus
               10.12 ZF Friedrichshafen AG
                              Exhibit 82:  ZF Friedrichshafen AG – Overview
                              Exhibit 83:  ZF Friedrichshafen AG – Business segments
                              Exhibit 84:  ZF Friedrichshafen AG – Key News
                              Exhibit 85:  ZF Friedrichshafen AG – Key offerings
                              Exhibit 86:  ZF Friedrichshafen AG – Segment focus
11. Appendix                           
               11.1 Scope of the report
                              11.1.1 Market definition
                              11.1.2 Objectives
                              11.1.3 Notes and caveats
               11.2 Currency conversion rates for US$
                              Exhibit 87: Currency conversion rates for US$
               11.3 Research Methodology
                              Exhibit 88: Research Methodology
                              Exhibit 89: Validation techniques employed for market sizing
                              Exhibit 90: Information sources
               11.4 List of abbreviations
                              Exhibit 91: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
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