Increasing production of vehicles and rising demand for passenger
vehicles is a major driving factor for the automotive seat belt
market. In addition, stringent safety norms set up by the government
of various countries and automobile standards relating to the safety
of driver and passengers in vehicles is a major factor driving the
growth of global automotive seat belt market. Moreover, growth in the
automotive sector and rising investments in automotive seat belt
manufacturing companies across the world is set to influence the
market significantly during the forecast period.
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The automotive seat belt market can be classified by design, by
vehicle type, by technology and by geography. The design segment can
be classified into two-point belt, three-point belt, four-point belt,
five-point belt, six-point belt, and belt-in-seat. By vehicle type,
the market can be segregated as passenger vehicles, light commercial
vehicles and heavy commercial vehicles. By technology, the market can
be bifurcated into bag-in-belt, pretensioner, active seat belt,
retractor, load limiter and seat belt reminder system. By geography,
the market can be segmented into North America, Europe, Asia Pacific,
Middle East and Africa and Latin America.
In the automotive seat belt market, Asia Pacific holds the largest
market share in terms of revenue followed by Europe, North America,
Latin America and, Middle East and Africa (MEA). In the Asia Pacific
region, countries such as China and India has been witnessing heavy
demand and production for passenger vehicles. This in turn is
increasing the application of seat belts in passenger vehicles of
above mentioned countries. In Europe, Germany is the most significant
market and the largest contributor to the automotive seat belt market
in the region because of the presence of major automobile
manufactures in Germany. In North America, the U.S. is the largest
market for automotive seat belt. The U.S. is the second largest
manufacturer of automobiles in the world. The growth rate of
automotive seat belt market in Latin America, and Middle East and
Africa is low considering the less usage and production of vehicles
in the aforementioned regions. However, with the growth in the
automotive sector and investments in automobile companies of Latin
America and Middle East and Africa, the market for automotive seat
belt is expected to improve in the coming years.
The report also provides company market share analysis of the various
industry participants. Acquisition is the main strategy being widely
followed by leading market players. In case of an acquisition, the
acquirer takes advantage of existing synergies. As a result, both
companies are expected to emerge more profitable and stronger than
before. Key players in the global automotive seat belt market have
been profiled and their company overview, financial overview,
business strategies and recent developments have been covered in the
report. Major market participants profiled in this report include:
Autoliv Inc., Takata Corporation, ZF TRW Automotive Holdings Corp.,
Robert Bosch GmbH, Denso Corporation, Continental AG, Key Safety
Systems Inc., Hyundai Mobis Co. Ltd., Toyoda Gosei Co. Ltd., and
Tokai Rika Co. Ltd. among others.
The report offers a comprehensive evaluation of the market. It does
so via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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