| Product Code: ETC5886984 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Cyprus continues to see strong import shipments of car safety products, with Germany, Italy, Ireland, Belgium, and Indonesia leading the way in 2024. The market remains concentrated, with a high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stands at an impressive 11.47%, indicating sustained expansion. Moreover, the growth rate from 2023 to 2024 accelerated to 14.48%, reflecting increasing demand for car safety imports in Cyprus. This trend highlights the importance of ensuring the safety and security of vehicles on Cypriot roads.

The car safety market in Cyprus is growing as vehicle manufacturers and consumers prioritize safety features in automobiles. With a rise in road safety awareness and stringent regulations, demand for advanced car safety technologies such as airbags, seatbelts, and driver assistance systems has significantly increased.
The car safety market in Cyprus is driven by the growing emphasis on vehicle safety standards and regulations. As consumers become more aware of the importance of safety features, demand for advanced safety technologies such as airbags, anti-lock braking systems, and electronic stability control is rising. Additionally, the increasing popularity of autonomous vehicles is contributing to market growth.
The car safety market in Cyprus faces challenges due to slow adoption of advanced safety technologies and the high cost of importing safety equipment. The limited size of the automotive sector also hampers market expansion.
The government of Cyprus places a strong emphasis on vehicle safety, in line with European Union regulations. Policies promoting the use of advanced safety technologies such as airbags, anti-lock braking systems (ABS), and electronic stability control (ESC) in vehicles drive the car safety market. Regular vehicle inspections and safety checks are enforced by law to ensure compliance with safety standards.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus Car Safety Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Car Safety Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Car Safety Market - Industry Life Cycle |
3.4 Cyprus Car Safety Market - Porter's Five Forces |
3.5 Cyprus Car Safety Market Revenues & Volume Share, By System Type, 2021 & 2031F |
3.6 Cyprus Car Safety Market Revenues & Volume Share, By On-Highway Vehicle, 2021 & 2031F |
3.7 Cyprus Car Safety Market Revenues & Volume Share, By Off-Highway Vehicle, 2021 & 2031F |
3.8 Cyprus Car Safety Market Revenues & Volume Share, By Electric Vehicle, 2021 & 2031F |
3.9 Cyprus Car Safety Market Revenues & Volume Share, By Offering, 2021 & 2031F |
4 Cyprus Car Safety Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus Car Safety Market Trends |
6 Cyprus Car Safety Market Segmentations |
6.1 Cyprus Car Safety Market, By System Type |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Car Safety Market Revenues & Volume, By Passive Safety, 2021-2031F |
6.1.3 Cyprus Car Safety Market Revenues & Volume, By Active Safety, 2021-2031F |
6.2 Cyprus Car Safety Market, By On-Highway Vehicle |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Car Safety Market Revenues & Volume, By Passenger Cars (PC), 2021-2031F |
6.2.3 Cyprus Car Safety Market Revenues & Volume, By Light Commercial Vehicle (LCV), 2021-2031F |
6.2.4 Cyprus Car Safety Market Revenues & Volume, By Buses, 2021-2031F |
6.2.5 Cyprus Car Safety Market Revenues & Volume, By Trucks, 2021-2031F |
6.3 Cyprus Car Safety Market, By Off-Highway Vehicle |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Car Safety Market Revenues & Volume, By Agriculture Vehicle, 2021-2031F |
6.3.3 Cyprus Car Safety Market Revenues & Volume, By Construction Vehicle, 2021-2031F |
6.4 Cyprus Car Safety Market, By Electric Vehicle |
6.4.1 Overview and Analysis |
6.4.2 Cyprus Car Safety Market Revenues & Volume, By Battery Electric Vehicle (BEV), 2021-2031F |
6.4.3 Cyprus Car Safety Market Revenues & Volume, By Hybrid Electric Vehicle (HEV), 2021-2031F |
6.4.4 Cyprus Car Safety Market Revenues & Volume, By Plug-In Hybrid Electric Vehicle (PHEV), 2021-2031F |
6.4.5 Cyprus Car Safety Market Revenues & Volume, By Fuel Cell Electric Vehicle (FCEV), 2021-2031F |
6.5 Cyprus Car Safety Market, By Offering |
6.5.1 Overview and Analysis |
6.5.2 Cyprus Car Safety Market Revenues & Volume, By Hardware, 2021-2031F |
6.5.3 Cyprus Car Safety Market Revenues & Volume, By Software, 2021-2031F |
7 Cyprus Car Safety Market Import-Export Trade Statistics |
7.1 Cyprus Car Safety Market Export to Major Countries |
7.2 Cyprus Car Safety Market Imports from Major Countries |
8 Cyprus Car Safety Market Key Performance Indicators |
9 Cyprus Car Safety Market - Opportunity Assessment |
9.1 Cyprus Car Safety Market Opportunity Assessment, By System Type, 2021 & 2031F |
9.2 Cyprus Car Safety Market Opportunity Assessment, By On-Highway Vehicle, 2021 & 2031F |
9.3 Cyprus Car Safety Market Opportunity Assessment, By Off-Highway Vehicle, 2021 & 2031F |
9.4 Cyprus Car Safety Market Opportunity Assessment, By Electric Vehicle, 2021 & 2031F |
9.5 Cyprus Car Safety Market Opportunity Assessment, By Offering, 2021 & 2031F |
10 Cyprus Car Safety Market - Competitive Landscape |
10.1 Cyprus Car Safety Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Car Safety Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |