San Francisco, 4 March 2019: The Report Automotive Airbag And Seat Belt Market Size, Share & Trends Analysis Report By End
Use (Passenger, Commercial), By Type (Curtain, Knee, Side, Two Point, Three
Point), By Region, And Segment Forecasts, 2018 - 2025
The global automotive airbag and seat belt market size is expected to reach USD 73.45 billion by 2025, according to a new study by Grand View Research, Inc. The market is estimated to expand at a CAGR of 5.9% during the forecast period. Various federal, state, and local regulations pertaining to the installation of basic passive safety systems is one of the major factors driving the market. Growing awareness among consumers about the importance of implementing safety systems in vehicles is also responsible for propelling the market growth.
Increasing consumer disposable income
levels, particularly in emerging nations of Asia Pacific, Latin America, and
Eastern Europe, are expected to have a positive impact on the market.
Furthermore, the automotive market in these regions is witnessing considerable
progress. Rising profitability of the automotive market consequently promotes
the growth of the airbag and seatbelt market. Technological advancements and
continuous product development have also augmented the demand for products,
such as airbag and seat belts, thereby supporting market expansion.
The introduction of enhanced fabric
technologies, new coating application, and inflatable and motorized seatbelts are
expected to drive the market further. As technologies mature over the forecast
period, it would only act in favor of the industry players, since technological
maturation would lead to lower prices, subsequently promoting the adoption of
these products.
Access Research Report of Automotive
Airbag and Seat Belt Market @ www.grandviewresearch.com/industry-analysis/automotive-airbag-seat-belt-market
Further key findings from the study suggest:
· Knee airbags segment is expected to
register the highest CAGR of 7.7% over the estimated period due to added
protection offered by these airbags
· The three point seat belt segment is
projected to expand at a CAGR of 4.6% during the forecast period and is
projected to remain the preferred choice in a majority of commercial and
passenger vehicles
· The Asia Pacific (APAC) region is
anticipated to register the highest CAGR over the forecast years due high
product demand
· Presence of emerging nations including
China and India who are expected to exhibit a significant growth, in terms of
GDP and disposable income, will also boost APAC market
· Some of the key companies in the global
automotive airbag and seat belt market include Autoliv, Inc.; Key Safety
Systems (KSS); Robert Bosch GMBH; Continental AG; Toyoda Gosei Co., Ltd.;
Hyundai Mobis Co., Ltd.; and ZF Friedrichshafen AG.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/automotive-and-transportation
Grand View Research has segmented the
global automotive airbag and seat belt market on the basis of type, end use,
and region:
Automotive Airbag and Seat Belt Type
Outlook (Revenue, USD Million, 2014 - 2025)
·
Airbag Type
·
Seat Belt Type
Automotive Airbag and Seat Belt End Use Outlook (Revenue,
USD Million, 2014 - 2025)
·
AirbagEnd Use
·
Seat Belt End Use
Automotive Airbag and Seat Belt Regional Outlook
(Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
Access Press Release of
Automotive Airbag and Seat Belt Market@ www.grandviewresearch.com/press-release/global-automotive-airbag-seat-belt-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More Information: www.grandviewresearch.com
No comments:
Post a Comment