Global Automotive Seat Belts Market Trends, Business Overview, Industry Growth and Forecast to 2022-2028

The global automotive seat belts market is anticipated to grow at a CAGR of 5.3% during the forecast period (2022-2028). The market growth is majorly attributable to the growing concerns for passenger as well as the driver's safety coupled with the introduction of stringent safety regulations & standards mandating the use of automotive seat belts. Motor vehicle crashes are the leading cause of work-related mortalities across all industries globally. According to the National Safety Council of US, 1,038 workers died and 25,830 were injured in the work-related road accidents. Light fleet vehicles, such as pick-up trucks, passenger vehicles, SUVs, and vans are also responsible for such accidents. Thus, to minimize such risks, the global automotive seat belts market is anticipated to grow substantially in the future period.
Apart from the increasing demand for passive safety systems, developments in seat belt technology that includes the improved stretching ability for belt adjustment, and the growing automobile demand and production, also support the growth of the global automotive seat belts market. For instance, as per the International Organization of Motor Vehicle Manufacturers (OICA), total vehicle sales including the passenger cars and light commercial vehicles, had increased to 92,654,055 units in 2018 from 91,458,490 units in 2016. Such vehicle sales have surged the growth of the market. Further, the gradually rising awareness of the consumers regarding safety features coupled with the rising demand for advanced safety features vehicles are likely to augment the market growth.

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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Type
o By Vehicle Type

• Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape: Autoliv Inc., Denso Corp., and Tokai Rika Co., Ltd., among others.

Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

A full report of Global Automotive Seat Belts Market is available at:
https://orionmarketreports.com/global-automotive-seat-belts-market/101439/
Global Automotive Seat Belts Market Report by Segment

By Type
• Two Point
• Three Point

By Vehicle Type
• Passenger Cars
• Commercial Vehicles

Global Automotive Seat Belts Market Report by Region
North America
• US
• Canada
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East and Africa

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Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

This release was published on openPR.