Market Research Report
Automotive Seat belts Market Size By Type, By Vehicle, By Component, By Distribution Channel, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
|Published by||Global Market Insights Inc.||Product code||951295|
|Published||Content info||250 Pages
Delivery time: 2-3 business days
|Automotive Seat belts Market Size By Type, By Vehicle, By Component, By Distribution Channel, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026|
|Published: July 20, 2020||Content info: 250 Pages||
Automotive Seat belts Market Size By Type (2-Point Seatbelts, 3-Point Seatbelts), By Vehicle (Passenger Cars, LCV, HCV), By Component (Webbing Strap, Retractors, Buckles, Tongues, Pillar Loops), By Distribution Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026.
The automotive seatbelts market is likely to witness a flourishing period of growth in the forthcoming timeframe owing to rising vehicle production. Safety features have become integral for influencing vehicle purchase decisions among potential consumers today. The use of seatbelts has been proved to effectively reduce the amount and severity of injuries an individual might get in a road accident. A lot of passenger and driver injuries are induced by contact with the dashboard, cabin interior, windscreen, vehicle roof, and steering wheel.
There are several benefits associated to wearing seat belts, they effectively prevent vehicle occupants from severe injuries by keeping them firmly in their seats and from coming in contact with cabin interiors. These safety equipment are one of the most effective safety features and have also been proven to save lives through innumerable studies as well as research. Further, these are also designed to function more effectively with the airbags.
If an individual is not wearing a seat belt, then the airbag system might not be effective and could actually cause more injuries. Additionally, seat belts are almost becoming a guaranteed safety feature across a majority of countries owing to seat belt laws, which is expected to impel product demand.
The automotive seatbelts market is bifurcated in terms of type, vehicle, component, distribution channel, and regional landscape.
Based on component, the automotive seatbelts market is classified into pillar loop, tongue, buckle, retractor, and webbing strap. The pillar loop segment will witness a CAGR of around 3% over the forecast timeframe owing to increasing seatbelts installation in vehicles. These pillar loops are usually used in a three-point sea belt system. The pillar loop is the connective piece that is above the shoulder of the passenger and is utilized for guiding the webbing across the chest and over the shoulder of the passenger.
From a regional frame of reference, LATAM region accounts for significant share in the overall market. Rising vehicle sales will increase product demand in this region.
The Middle East & Africa market will witness a CAGR of around 4.5% over the forthcoming time period owing to increasing demand from light commercial vehicles. The volume of passenger car sales in the Middle East was approximately 2.3 million units in the year 2018. Over the coming years, the Middle East passenger car sector is further projected to grow considerably, fueling segment growth.