LONDON, Nov. 10, 2016 /PRNewswire/ -- Seat belt,
also known as a safety belt, is a basic automotive safety device.
Automotive seat belts are designed to safeguard the driver from
harm caused due to sudden jerk on collision or sudden stoppage of
the vehicle. Automotive seat belts complement automotive airbags to
ensure optimum passenger safety in case of an accident.
This report covers the global automotive seat belt market
performance in terms of revenue and volume contribution. The report
includes key trends, drivers, restraints and opportunities
influencing the growth of the global automotive seat belt market.
Impact analysis of key growth drivers and restraints, based on the
weighted average model is included in this report to better equip
clients with crystal clear decision-making insights.
The global automotive seat belt market is mainly driven by
factors such as increasing government road safety regulations and
high incidence of road accidents worldwide. However, high costs of
new products are expected to hamper the growth of the automotive
seat belt market.
By Design Type type segment, Three-point belt is expected to be
the dominant segment, accounting for 93.7% share of the total
global automotive seat belt market by 2021, followed by two-point
belt segment accounting for around 4.0% share.
By vehicle type segment, the passenger car segment is expected
to dominate the automotive seat belt market, accounting for over
65% share of the overall market by 2021. The segment is projected
to expand at a CAGR of 8.7% during the forecast period
(2015–2021).
By technology type segment, the pretensioner segment is
estimated to dominate the automotive seat belt market, accounting
for around 35% share of the overall market by 2015 end. The segment
is projected to expand at a CAGR of 8.0% during the forecast
period.
By Regional Analysis, Asia-Pacific is estimated to be the largest
market for automotive seat belts, accounting for over 25% share by
2015 end, and is expected to remain dominant throughout the
forecast period. The automotive seat belt market in MEA and
Latin America are expected to
expand at CAGRs of 8.5% and 8.3 % respectively during the forecast
period.
Key players in the global automotive seat belt market are
Autoliv Inc., ZF TRW Automotive Holdings Corp., Takata Corporation,
Robert Bosch GmbH, Continental AG, Denso Corporation, Key Safety
Systems Inc., Toyoda Gosei Co. Ltd., Hyundai Mobis Co. Ltd., and
Tokai Rika Co. Ltd. Major players are focusing on research and
development activities in order to introduce innovative products in
order to gain a competitive advantage in the market.
The automotive seat belt market is segmented as follows:
By Vehicle Type:
Passenger Car
Commercial Vehicle
Light Commercial Vehicle
Heavy Vehicle
Buses and Coaches
By Design Type:
Two-point Belt
Three-point Belt
Four-point Belt
Five-point Belt
Six-point Belt
Belt-in-Seat
By Technology Type:
Retractor
Pretensioner
Active Seat Belt
Seat Belt Reminder System
Load Limiter
Bag-in-Belt
By Region:
North America
U.S.
Canada
Latin America
Argentina
Mexico
Brazil
Rest of Latin America
Europe
Eastern Europe
EU5 Countries
Asia
ASEAN
Japan
China
India
Oceania
Rest of APAC
MEA
GCC
South Africa
Turkey
Rest of MEA
Key features of this report
Drivers and restraints of the automotive seat belt market
Latest product innovations and key developments in the
market
Analysis of business strategies of the top players
Automotive seat belt market estimates and forecasts
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