Germany passenger car airbag market is forecast to augment at a CAGR of around 6% during the forecast period. The country is a leading exporter of vehicles and their spare parts. The German economy has a significant share of the automotive sector with around 15-20% of the total economy. As per the International Organization of Motor Vehicle Manufacturer, around 5.1 million passenger cars were manufactured in Germany in 2018, 3rd highest after China and Japan. The country is known for its quality products and brands. The major brands which are German-based include Audi, BMW, Iveco, MAN, Mercedes, Opel, Porsche, and Volkswagen. Along with OEM, the country has well renowned auto-ancillary companies that supply their products all across the globe. Some major is Bosch GmbH, Continental AG, ZF TRW, BASF SE, Mahle GmbH, Thyssen Krupp and so on.
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- Category: Business
- Tags: competitive analysis, forecast- 2019-2025, share, size, trends