Automotive Seat Belt Market was valued at 21.63 billion in 2018, exhibiting a CAGR of XX % during 2018-2026.
Seat belts are important components of the vehicle. Seat belts life are saving components required in times of accidents. Seat belts protect driver and co-passengers of the vehicle in case of an accident and that’s why it is desirable to wear seat belts at all times while driving a vehicle.
National Safety Council (NSC), reported more than 40,000 traffic casualty was recorded in the U.S. in 2016 itself, which is 6% more in recent year. The growing number of vehicle accidents has improved the consciousness of driver and passenger safety, which has driven the demand for including safety belts in automobiles. Stringent traffic rules for using safety systems are further driving demand for Automotive Seat Belt Market.
By design type, Automotive Seat Belt Market segmented into two-point seat belts, three-point seat belts, four-point seat belts, five-point seat belts, six-point seat belts, and belt-in-seat. In the present situation of the Automotive Seat Belt Market, three-point seatbelt has major demand. Three-point seat belt structure offers diagonal as well as overlap grip to the passenger, and are primarily integrated into passenger vehicles.
Asia-Pacific (APAC) region is projected to hold the largest share, by value, of the automotive airbags & Automotive Seat Belt Market in 2018. The demand for automotive airbags & seatbelts in this region is triggered by increasing vehicle production in developing nations such as China and India and the increasing number of luxury vehicles in countries such as China and Japan. This region is also the leading producer of automobiles in the world which in turn will boost the Automotive Seat Belt Market.
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