Global Automotive Airbag and Seat Belt Market
Global Automotive Airbag and Seat Belt Market was valued US$55.00 Bn in 2019 and is expected to reach US$ XX Bn by 2026 at a CAGR of about XX % during a forecast.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Global Automotive Airbag and Seat Belt Market is segmented into by airbag type, by seat belt type, by end user and by region. Based on airbag type, Automotive Airbag and Seat Belt Market is classified into Curtain, Front, and Knee & Side. In seat belt are parted into Two Point, Three Point & Others. By end user are divided into Passenger Vehicle & Commercial Vehicle. Geographically into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Automotive Airbag seat belts are planned to protect the drivers from unexpected jerk or vehicle stoppage. Equally seat belts and air bags are main protection devices in the vehicles. Driving factors are government regulations pertaining to vehicle safety and growing demand for safer and more efficient driving experiences. Increasing development of active safety systems is the major restrain of the market. Opportunities of the market are growing demand for electric vehicles & increasing demand for pedestrian protection airbags.
Based on end user, commercial vehicle is further sub-segmented into light commercial vehicles, heavy trucks, and busses and coaches. Presently, the passenger car segment provides for more than two-third of the total demand, which is a reflection of stringent government regulations and increasing awareness among consumers for on-road safety measures. In the near future, manufacturers are expected to focus on producing low-cost safety systems and emphasize on rear passenger seat belts.
On the basis of seat belt type, the demand is strongest for the three-point seat belt, although the overall dominance of this segment is projected to decline slightly over the course of the forecast period of the report. Three point seat belt systems offer diagonal as well as over the lap grip to the occupants, and are primarily integrated into passenger vehicles.
In terms of region, Asia Pacific is expected to grow at the highest CAGR during the forecast period. Emerging economics and strong presence of manufacturers in Japan, China, and India will boost the market in this region. Rise in disposal income, rapid changes in regulations to make transportation more advancing on the technology front and ever increasing population of this region will create more opportunity in automotive airbag and seat belt market. China is the biggest producer of automobiles in the world. Northern America region is projected to be the second largest Automotive Airbag and Seat Belt Market.
Key players operating on the market are, Autoliv, Inc, Continental Corporation, DENSO Corporation, Far Europe Holding Limited, Hyundai Mobis Co., Ltd., Ningbo Joyson Electronics Corp., Key Safety Systems (KSS), Joyson Electronics, Tokai Rika Co., Ltd., Toyoda Gosei Co., Ltd., ZF Friedrichshafen AG, Aptiv Plc., Toshiba Electronic Devices & Storage Corporation, Robert Bosch, Delphi Automotive.
The objective of the report is to present comprehensive analysis of Global Automotive Airbag and Seat Belt Market including all the stakeholders of the industry. The past and current status of the industry with forecasted Market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes Market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Global Automotive Airbag and Seat Belt Market dynamics, structure by analyzing the Market segments, and project the Global Automotive Airbag and Seat Belt Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Automotive Airbag and Seat Belt Market the report investor’s guide.
Scope of the Global Automotive Airbag and Seat Belt Market:
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Global Automotive Airbag and Seat Belt Market, By Airbag Type
Global Automotive Airbag and Seat Belt Market, By Seat Belt Type
• Two Point
• Three Point
Global Automotive Airbag and Seat Belt Market, By End User
• Passenger Vehicle
• Commercial Vehicle
Global Automotive Airbag and Seat Belt Market, by region
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
Key Player analysed in Global Automotive Airbag and Seat Belt Market:
• Autoliv, Inc.
• Continental Corporation
• DENSO Corporation
• Far Europe Holding Limited
• Hyundai Mobis Co., Ltd.
• Ningbo Joyson Electronics Corp.
• Key Safety Systems (KSS)
• Joyson Electronics
• Tokai Rika Co., Ltd.
• Toyoda Gosei Co., Ltd.
• ZF Friedrichshafen AG
• Aptiv Plc.
• Toshiba Electronic Devices & Storage Corporation
• Robert Bosch
• Delphi Automotive
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