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Automotive Seat Belt Market is Expected to Exceed US$ 19.5 Billion by 2021

Press Release   •   Feb 03, 2017 01:28 EST

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.

Automotive Seat Belt Market:

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The global automobile seat belt market is anticipated to expand at a single-digit CAGR during the forecast period. Moreover, the global seat belt volume is anticipated to follow the same trend in terms of CAGR.

By design type, the global automotive seatbelt market is segmented into the two-point belt, three-point belt, four-point belt, five-point belt, six-point belt, and belt-in-seat; among these, the 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.

By vehicle type, the global automotive seat belt market is segmented into the passenger car and commercial vehicle; among these, a passenger car is anticipated to be a dominant segment, accounting for 69.6% share of the total global automotive seat belt market by 2021.

By technology type, the automotive seat belt market is segmented into retractor, pretensioner, active seat belt, bag-in-belt, seat belt reminder system, and load limiter; among these, pretensioner is estimated to be the dominant segment, accounting for 35.4% share of the total global automotive seat belt market share by 2015 end.

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This report covers the trend of each segment and its sub-segments along with the analysis of the potential of automotive seat belt market in that region. North America and Asia-Pacific regions are estimated to collectively account for over 55% revenue share of the total automotive seat belt market share by 2015 end. Asia-Pacific is projected to be the fastest growing market due to increasing implementation of road safety regulations and high incidence of road accidents in the region.

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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., Tokai Rika Co. Ltd.

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