Active Seat Belt System Market Growing at a CAGR of 3.60% - Analysis Major Market Players - Autoliv, Inc., Continental Corporation, DENSO Corporation, Far Europe Holding Limited, Hyundai Mobis Co., Ltd., Ningbo Joyson Electronics Corp. (Key Safety Systems

Allied Market Research published a report, titled, Active Seat Belt System Market by Component (Retractors, Pretensioners, and Buckle Lifters) and Application (Passenger Cars and Commercial Vehicles) - Global Opportunity Analysis and Industry Forecast, 2017-2023. The research offers detailed analyses of the industry dynamics, key investment pockets, major market segments, and competitive landscape. According to the report, the global active seat belt system market generated $10.3 billion in 2017, and is expected to reach $12.7 billion by 2023, growing at a CAGR of 3.6% from 2017 to 2023.

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Increase in the number of awareness campaigns to promote automotive safety and rise in the number of road accidents drive the growth of the market. Moreover, high demand for luxury vehicles supplements the market growth. However, high cost associated with active seat belts restrains the growth of the industry. Conversely, increase in passenger vehicle registration and emergence of biosensors create new opportunities for the market.

Pretensioners segment accounted for nearly half of the total market share in 2017 and is expected to remain dominant throughout the forecast period. This is due to the growing need for passenger protection and reduction of slack between the body of passenger and seat belt. However, buckle lifters segment would grow at the highest CAGR of 5.7% from 2017 to 2023, owing to the ease offered for buckling and improved protection. The retractors segment is projected to grow at a moderate rate during the forecast period.

Passenger cars segment contributed nearly three-fourths of the total market share in 2017, owing to ease in parking, good gas mileage, and lower cost of cars in comparison to larger vehicles. This segment would maintain its lead by 2023. However, commercial vehicles would grow at the fastest CAGR 4.3% from 2017 to 2023 due to enhanced safety & security and improved fuel efficiency.

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Asia-Pacific contributed more than half of the total market share in terms of revenue in 2017, owing to stringent regulations by governments in countries such as China and Japan and strict compliance to safety rules. This segment will maintain its lion's share during the forecast period. However, LAMEA region would register the fastest CAGR of 5.4% from 2017 to 2023, owing to reduction in traffic-related fatalities and rise in focus on safety.

The leading market players analyzed in the research include Autoliv, Inc., DENSO Corporation, Continental Corporation, Hyundai Mobis Co., Ltd., Far Europe Holding Limited, Takata Corporation, Ningbo Joyson Electronics Corp. (Key Safety Systems, Inc.), Toyoda Gosei Co., Ltd., Tokai Rika Co., Ltd., and ZF Friedrichshafen AG. These market players have adopted various strategies including collaborations, joint ventures, partnerships, expansions, and others to gain a strong position in the industry.

LIST OF FIGURES

FIGURE 1. MARKET SEGMENTATION
FIGURE 2. EXECUTIVE SUMMARY
FIGURE 3. TOP IMPACTING FACTORS
FIGURE 4. TOP INVESTMENT POCKETS
FIGURE 5. GLOBAL ACTIVE SEAT BELT SYSTEM MARKET, BY COMPONENT, 2016-2023
FIGURE 6. COMPARATIVE SHARE ANALYSIS OF RETRACTORS ACTIVE SEAT BELT SYSTEM MARKET, BY COUNTRY, 2016 & 2023 (%)
FIGURE 7. COMPARATIVE SHARE ANALYSIS OF PRETENSIONERS ACTIVE SEAT BELT SYSTEM MARKET, BY COUNTRY, 2016 & 2023 (%)
FIGURE 8. COMPARATIVE SHARE ANALYSIS OF BUCKLE LIFTERS ACTIVE SEAT BELT SYSTEM MARKET, BY COUNTRY, 2016 & 2023 (%)
FIGURE 9. GLOBAL ACTIVE SEAT BELT SYSTEM MARKET, BY APPLICATION, 2016-2023
FIGURE 10. COMPARATIVE SHARE ANALYSIS OF ACTIVE SEAT BELT SYSTEM MARKET FOR PASSENGER CARS, BY COUNTRY, 2016 & 2023 (%)
FIGURE 11. COMPARATIVE SHARE ANALYSIS OF ACTIVE SEAT BELT SYSTEM MARKET FOR COMMERCIAL VEHICLES, BY COUNTRY, 2016 & 2023 (%)
FIGURE 12. ACTIVE SEAT BELT SYSTEM MARKET, BY REGION, 2016-2023 (%)
FIGURE 13. NORTH AMERICA ACTIVE SEAT BELT SYSTEM MARKET SHARE, BY COUNTRY, 2015-2023 (%)
FIGURE 14. U.S. ACTIVE SEAT BELT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 15. CANADA ACTIVE SEAT BELT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 16. MEXICO ACTIVE SEAT BELT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 17. EUROPE ACTIVE SEAT BELT SYSTEM MARKET SHARE, BY COUNTRY, 2015-2023 (%)
FIGURE 18. UK ACTIVE SEAT BELT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 19. GERMANY ACTIVE SEAT BELT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 20. FRANCE ACTIVE SEAT BELT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 21. SPAIN ACTIVE SEAT BELT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 22. RUSSIA ACTIVE SEAT BELT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 23. ITALY ACTIVE SEAT BELT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 24. REST OF EUROPE ACTIVE SEAT BELT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 25. ASIA-PACIFIC ACTIVE SEAT BELT SYSTEM MARKET SHARE, BY COUNTRY, 2015-2023 (%)
FIGURE 26. CHINA ACTIVE SEAT BELT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 27. INDIA ACTIVE SEAT BELT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 28. JAPAN ACTIVE SEAT BELT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 29. SOUTH KOREA ACTIVE SEAT BELT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 30. AUSTRALIA ACTIVE SEAT BELT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 31. REST OF ASIA-PACIFIC ACTIVE SEAT BELT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 32. LAMEA ACTIVE SEAT BELT SYSTEM MARKET SHARE, BY COUNTRY, 2015-2023 (%)
FIGURE 33. LATIN AMERICA ACTIVE SEAT BELT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 34. MIDDLE EAST ACTIVE SEAT BELT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 35. AFRICA ACTIVE SEAT BELT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 36. AUTOLIV: NET SALES, 2014-2016 ($MILLION)
FIGURE 37. AUTOLIV: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 38. AUTOLIV: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 39. CONTINENTAL: NET SALES, 2014-2016 ($MILLION)
FIGURE 40. CONTINENTAL: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 41. CONTINENTAL: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 42. DENSO: NET SALES, 2015-2017 ($MILLION)
FIGURE 43. DENSO: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 44. DENSO: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 45. HYUNDAI MOBIS: NET SALES, 2014-2016 ($MILLION)
FIGURE 46. HYUNDAI MOBIS: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 47. HYUNDAI MOBIS: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 48. JOYSON ELECTRONICS: NET SALES, 2014-2016 ($MILLION)
FIGURE 49. JOYSON ELECTRONICS: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 50. TAKATA: NET SALES, 2015-2017 ($MILLION)
FIGURE 51. TAKATA: REVENUE SHARE BY PRODUCT, 2017(%)
FIGURE 52. TAKATA: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 53. TOKAI RIKA: NET SALES, 2015-2017 ($MILLION)
FIGURE 54. TOKAI RIKA: REVENUE SHARE BY PRODUCT, 2017 (%)
FIGURE 55. TOKAI RIKA: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 56. TOYODA GOSEI: NET SALES, 2014-2016 ($MILLION)
FIGURE 57. TOYODA GOSEI: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 58. ZF: NET SALES, 2014-2016 ($MILLION)
FIGURE 59. ZF: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 60. ZF: REVENUE SHARE BY GEOGRAPHY, 2016 (%)

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