Press release
Global Automotive Seat Belt Market to Record a Sluggish CAGR Growth of 8.4% between 2015 and 2021
The global automotive seat belt market is estimated to be valued at US$ 11,987.6 Mn by the end of 2015. The market is expected to register a CAGR of 8.4% between 2015 and 2021. In terms of volume, the market accounted for 433,480 thousand units in 2014, and is expected to increase at a CAGR of 6.8% over the forecast period to reach 684,555 thousand units by 2021 and by value to Account for US$ 19.5 Bn by 2021.
View and Download TOC of Automotive Seat Belt Market Research Report@ https://www.persistencemarketresearch.com/market-research/automotive-seat-belt-market/toc
Growth of the global automotive seat belt market is mainly driven by increasing government road safety regulation and high incidence of road accidents worldwide.
Increasing uptake of three-point belts, rising adoption of various advance safety technologies, shift to active safety systems, and substantial investment in R&D activities by key players for product innovation are major trends observed in the market.
The global automotive seat belt market was valued at US$ 11,026.6 Mn in 2014. Asia Pacific (APAC) was the largest market for automotive seat belts, accounting for 28.8% revenue share of the overall market in 2014, followed by Europe accounting for 28.0% share. Moreover, Asia Pacific market is expected to exhibit highest CAGR of 11.4% during the forecast period (2015–2021), followed by the MEA market, which is expected to expand at a CAGR of 8.5%. APAC is forecast to remain the most attractive market for major players, and is expected to represent the highest absolute $ opportunity over the forecast period. Drivers such as increasing government regulations regarding road safety and high incidence of road accidents is expected to support growth of the automotive seat belt market.
By vehicle type, passenger car segment accounted for US$ 7,597.1 Mn and 318,710 thousand units in terms of volume in 2014.
By technology type, pretensioner segment was valued at US$ 3,913.4 Mn in 2014 and is expected to increase at a CAGR of 8.0% over the forecast period to account for US$ 6,717.4 Mn by 2021.
By design type, three-point belt was the largest segment, valued at US$ 10,342.6 Mn and accounted for approximately 93.0% share in 2014. Two-point segment was the second-largest segment by design type, accounting for around 4.0% revenue share of the market.
Request and Download Sample Report@ https://www.persistencemarketresearch.com/samples/3178
Key players in the global automotive seat belt market are Autoliv Inc., ZF TRW Automotive Holdings Corp., Takata Corporation, Robert Bosch GmbH, Continental AG, Denso Corporation, Key Safety Systems Inc., Toyoda Gosei Co. Ltd., Hyundai Mobis Co. Ltd., Tokai Rika Co. Ltd.
Major players are focusing on research and development activities in order introduce innovate products to enhance their market shares.
Buy Full Automotive Seat Belt Market Report@ https://www.persistencemarketresearch.com/checkout/3178
About Us
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.
Contact
Persistence Market Research Pvt. Ltd
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
media@persistencemarketresearch.com
Web:www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Automotive Seat Belt Market to Record a Sluggish CAGR Growth of 8.4% between 2015 and 2021 here
News-ID: 744754 • Views: …
More Releases from Persistence Market Research
Polytetrahydrofuran Market Valued at US$5.6 Billion in 2025, Projected to Reach …
The global chemical industry is undergoing a significant transformation as innovation, sustainability, and performance requirements reshape product development. Among the many specialty polymers driving this evolution, Polytetrahydrofuran has emerged as a highly versatile material used across diverse industrial applications. Commonly known as PolyTHF or PTMEG, this polymer is a key intermediate for producing elastic fibers, thermoplastic polyurethanes, coatings, and elastomers. Its ability to impart flexibility, resilience, and abrasion resistance makes…
Europe Automotive Heat Exchanger Market to Reach US$ 8.9 Billion by 2031, Exhibi …
The Europe automotive heat exchanger market has been witnessing steady growth, driven by the rapid evolution of vehicle technologies, stricter emission norms, and the widespread adoption of electric and hybrid vehicles. According to Persistence Market Research, the market is valued at US$ 6.4 billion in 2024 and is projected to reach US$ 8.9 billion by 2031, expanding at a CAGR of 4.9% during the forecast period from 2024 to 2031.…
Digital Crosspoint Switches Market Anticipated to Hit USD 52.5 Billion by 2032
Overview of the Digital Crosspoint Switches Market
The global digital crosspoint switches market is expected to be valued at US$ 28.9 billion in 2025, with projections to reach US$ 52.5 billion by 2032, growing at a robust CAGR of 8.9% during the forecast period. This growth is fueled by the surging need for high-speed data transmission, the expansion of next-generation telecommunications networks, and the increasing deployment of data centers worldwide. As…
Multiformat Transcoders Market Estimated to Grow at 8.6% CAGR by 2032
Overview of the Multiformat Transcoders Market
The global multiformat transcoders market is poised for remarkable expansion, with an estimated valuation of US$ 1.3 billion in 2025, projected to reach US$ 2.3 billion by 2032. This growth trajectory represents a robust CAGR of 8.6% during the forecast period (2025-2032). The market's expansion is driven by the surging demand for high-quality video streaming, advancements in cloud-based transcoding technologies, and the rising consumption of…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
