Press release
Active Seat Belt System Market Size Estimated to Observe Significant Growth by 2023
According to a recent report published by Allied Market Research, titled, Active Seat Belt System Market by Component and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global active seat belt system market was valued at $9,814 million in 2016, and is projected to reach at $12,707 million by 2023, growing at a CAGR of 3.60% from 2017 to 2023.Download Report (310 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/2318
Major Market Players:
Autoliv, Inc., Continental Corporation, DENSO Corporation, Far Europe Holding Limited, Hyundai Mobis Co., Ltd., Ningbo Joyson Electronics Corp. (Key Safety Systems, Inc.), Takata Corporation, Tokai Rika Co., Ltd., Toyoda Gosei Co., Ltd., and ZF Friedrichshafen AG
Asia-Pacific dominates this market at present, followed by Europe. In 2016, China dominated the Asia-Pacific market; similarly, in year 2016, Germany led the overall market in Europe. However, in North America, U.S. currently dominates the market.
Factors such as rise in incidence of road accidents, increase in awareness towards automotive safety among consumers, growth of automotive safety norms, and high demand for luxury vehicles drive the global active seat belt systems market. However, high cost of the active seat belt hampers this growth.
In 2016, the pretensioner segment dominated the global active seat belt systems in component segment, in terms of revenue. Furthermore, based on application, passenger cars led the global market, followed by commercial vehicle in 2016. However, commercial vehicle segment is expected to depict the highest CAGR throughout the forecast period.
Key Findings of the Active Seat Belt System Market:
• The passenger car segment generated the highest revenue in the global active seat belt systems market in 2016.
• In 2016, the pretensioner segment was the highest revenue contributor in the application segment.
• LAMEA is anticipated to exhibit the highest CAGR during the forecast period.
• In 2016, Asia-Pacific contributed the highest market share, followed by Europe, North America, and LAMEA.
Speak To The Analyst@ https://www.alliedmarketresearch.com/checkout-final/1b75f2ea1f6fb1aa14a49d6a193fcb52
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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Name: David Correa
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Organization: Allied Market Research
Address: 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States
Phone: 1-800-792-5285
Website: https://www.alliedmarketresearch.com
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