Automotive Seat Belts Market .pdf
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Automotive Seat Belts Market – Global Industry
Analysis Report, Share, Growth, Price Trends and
Forecast, 2024: Global Market Insights Inc.
The global Automotive Seat Belts Market share report provides numbers for
applications and regional segments of the industry covering historical as well as
forecast data for decision makers. Increasing awareness about safety, government
initiatives to improve safety while driving, increasing demand for automobiles in
developing regions, and strict traffic rules are the major driving forces for the
automotive seat belts market share.
Several government initiatives to encourage the use of seat belts and other safety
accessories are fueling the automotive seat belt market. New Car Assessment
Program (NCAP) considers these products for vehicle assessment, which encourage
manufacturers to develop technologically-advanced products to get higher safety
The introduction of V2V communication and safety systems, such as ADAS, create
the need for advanced technology in automotive seat belt systems. The
technological advancements include inflatable seat belts, which are developed to
provide the protection to occupants’ in the second and third-row seating. This
product reduces the intensity of injury by distributing crash force energy across than
to the occupant’s body.
Three-point systems market is expected to dominate the overall industry owing to
superior safety, which provides grip diagonally as well as over the lap. Moreover, the
penetration of three-point belts is more compared to the other alternatives. This will
boost this segment in the coming years.
By technology, the industry is classified as pretensioner, bag in belt, retractor, active
seat belt, seat belt reminder system, and load limiter. Pretensioner acquired the
largest share in 2016 owing to high reliability and effective performance. The growth
of bag in belt segment is affected by the technical failure of the system.
The passenger vehicle segment is expected to acquire higher market share owing to
the increasing demand for passenger vehicles across the globe. Increasing demand
for compact vehicles in Europe and Asia Pacific is expected to further stimulate the
demand for passenger vehicle segment.
Latin America and the Middle East & Africa are expected to witness an increased
demand for vehicles owing to the growing automobile industry and increasing
investments by overseas companies in these regions. In the MEA, expanding luxury
vehicle market will stimulate the vehicle accessory market during the forecast period.
Some of the companies in automotive seat belts market are Takata Corporation, ZF
TRW Automotive Holdings Corporation, Autoliv AB, Hyundai Mobis Co., Ltd., Toyoda
Gosei Co., Ltd., Continental AG, Tokai Rika Co., Ltd., Robert Bosch GmbH, Denso
Corporation, Key Safety Systems, Inc., and Delphi Automotive Plc. The recall of the
product due to technical failure is the prime concern of the manufacturers. The
companies are developing and testing the products against critical accidents to
ensure the compliance with the safety regulations. Long-term contracts with
automakers and new technology inclusion are the growth strategies adopted by the
manufacturers to retain the market share.
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