19 Feb 2019 – Global Car Safety Belts Market is expected to grow at a fast pace over the forecast period. Car safety belts are one of the most effective measure for prevention from injuries for highway vehicles. Safety belts are also known as seat belts. They are the elementary safety device in automotive vehicles. Car safety belts are designed as a safety measure for the drivers from the damage caused by abrupt stoppage of the vehicle or sudden jerk on collision. Car safety belts compliment automotive airbags to make sure optimum safety of passengers in the event of an accident. Automotive safety systems have become increasingly sophisticated, advanced and efficient over a period of time. These days, advanced technologies are being utilized by the automotive industries to diminish the frequency of accidents and mitigate the effect of accidents on passengers.
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The following manufacturers are covered in this report:
- Takata USA
- Autoliv USA
- TRW Automotive
- MVS Saegertown
- RPK Mexico
Car safety belts have played a vital role in making the vehicles safer for the passengers. Global car safety belts markets is primarily driven by increased road safety regulations by government. As the frequency of road accidents has been increased all over the world, there is an increased demand for safety measures. This is projected to give a boost to global car safety belts market. Growing awareness about safety and stringent safety norms is expected to fuel the demand for the safety car belts market. Factors such as affordability and advancements in technology may favorably impact the market growth. The recent upsurge in the outlook of consumers and government towards the safety features of automotive vehicles is one of the key drivers for the global car safety belts market.
Four favorable technologies probable to surge safety belts usage can be projected as brightly colored safety belts, seat integrated safety restraint system, safety belt tension adjustors and enhanced audible reminder systems. The enhanced audible reminder systems and brightly colored safety belts are both analyzed to be cost beneficial solutions. However, the deployment of new products in the vehicles incur high costs. This is expected to hinder the growth of global car safety belts market. Car safety systems have evolved from airbags seat belts to passenger sensing and other effective automotive passive safety systems.
The major reason behind these transitions are the growing concern of consumers towards safety and thus their growing readiness to pay for safety of the occupants. Asia Pacific car safety belts demand accounted for the majority of the overall market share over the past few years. Factors such as increase in the vehicles sales, adoption of safety regulations by agencies/governments and safety installations per vehicle in the developing countries such as India, China and Thailand has majorly benefitted the growth of global car safety belts market. The region is also anticipated to witness a high growth rate over the next seven years. Automotive seat belt and airbag companies such as Takata Corporation, Denso Corporation and Toyoda Gosei are the major players in the region which are estimated to drive the demand for car safety belts.
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North America and Europe are anticipated to witness a high growth rate for global car safety belts market over the next seven years. North America comprises of emerging economies such as Brazil and Mexico. Safety belts are obligatory in every country while regulations in the emerging economies are quickly matching pace creating increased opportunities for growth. The U.S. New Car Assessment Program (US NCAP) grant ratings to cars based on safety performances. This will make it tougher for vehicles to reach top ratings.
This, in turn, will encourage manufacturers to produce vehicles exceeding the minimum requirements of safety. This will positively impact the car safety market. Several industries of Europe got affected due to the economic downturn in the recent past. Hence, the region is in a phase of recovery thus benefitting the market.
Car Safety Belts Breakdown Data by Type
Car Safety Belts Breakdown Data by Application
- Commercial Vehicles
- Passenger Vehicles
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The key points are:
- To analyze and research the global Car Safety Belts status and future forecast involving, production, revenue, consumption, historical and forecast.
- To present the key Car Safety Belts manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
- To segment the breakdown data by regions, type, manufacturers and applications.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends, drivers, influence factors in global and regions.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.