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  • 1 August 2019 15:13

Automotive Seat Belts Market Value,Volume,Trends, Forecast 2019 - 2026

According to Acumen Research and Consulting, the global automotive seat belts market is expected to grow at noteworthy CAGR around 6.2 % throughout the forecast period and reach around US$ 10.1 billion by 2026.

The global automotive seat belts market is expected to grow at noteworthy CAGR around 6.2 % throughout the forecast period and reach around US$ 10.1 billion by 2026.

A seat belt (also known as a seatbelt or safety belt) is a vehicle safety device designed to secure a passenger of a vehicle against harmful movement that may result during a collision or a sudden stop. A seat belt reduces the likelihood of death or serious injury in a traffic collision by reducing the force of secondary impacts with interior strike hazards, by keeping occupants positioned correctly for maximum effectiveness of the airbag (if equipped) and by preventing occupants being ejected from the vehicle in a crash or if the vehicle rolls over.

When in motion, the driver and passengers are travelling at the same speed as the car. If the driver makes the car suddenly stop or crashes it, the driver and passengers continue at the same speed the car was going before it stopped. A seatbelt applies an opposing force to the driver and passengers to prevent them from falling out or making contact with the interior of the car. Seatbelts are considered Primary Restraint Systems (PRS), because of their vital role in occupant safety.

The automotive seatbelt market will increase awareness of passenger and driver safety over time. In order to prevent and reduce accident injuries, the belts are highly efficient. According to ANCAP, some 90 per cent of accidents involve some form of human mistake and safety straps increase the chances of survival in the accident situation, according to ANCAP. In addition, automakers equip cars with various safety features to increase the growth of the industry.

The market share of automotive seat belts increases in vehicle ownership in both developed and emerging countries. In 2017, the sales of passenger vehicles rose by over 11,5 percent as regards 2013, according to the International Organization of Motor Vehicle Manufacturers (OICA).

Market Segmentation

Global Automotive Seat Belts Market, By Type: 3 Point Seatbelt,2 Point Seatbelt

Global Automotive Seat Belts Market, By Vehicle:Heavy Commercial Vehicles,Light Commercial Vehicles ,Passenger Vehicles

Global Automotive Seat Belts Market, By Component:Webbing Strap,Buckles,Tongues,Retractors,Pillar Loops

Global Automotive Seat Belts Market, By Distribution Channel: Aftermarket,OEM

Global Automotive Seat Belts Market, By Geography:North America.,Europe,Asia-Pacific,Latin America,Middle East and Africa (MEA)

Key Players Market players on automotive seatbelt are Autoliv AB, Takata Corporation, Nihon Plast, Ltd., ZF TRW, Toyoda Gosei Co., Ashimori and KSS Ltd., Hyundai Mobis Co., and more.

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