Seatbelts are designed to stretch at a controlled rate to absorb impact energy and reduce the severity of the occupant’s deceleration and thus reduce the risk of injury in many types of crashes. The National Highway Traffic Safety Administration (NHTSA) reports that seat belts save more than 12,500 lives per year and prevent more than 300,000 serious injuries in the US alone.
The growing number of road accidents across the globe is a major factor driving the growth of the automotive seat belt market. Also, the increasing sales of vehicles and increasing sales of vehicles are pushing the demand for the market to grow.
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Segmentation Analysis of Global Automotive Seatbelt Market
Global Automotive Seatbelt Market is bifurcated into five major categories: vehicle type, design type, technology, sales channel and region.
On the basis of vehicle type, the global market for automotive seatbelt is divided into:
- Light Commercial Vehicle
- Heavy Commercial Vehicle
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On the basis of design type, the global market for automotive seatbelt is divided into:
- 2 point
- 3 point
- Others (4 point, 5 point, 6 point)
On the basis of technology, the global market for automotive seatbelt is divided into:
- Inflatable seatbelt
On the basis of sales channel, the global market for automotive seatbelt is divided into:
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Based on the region, the global market for automotive seatbelt is segmented as:
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa
Strong Demand for Three-Point Seat Belts from Passenger Vehicles
On the basis of vehicle type, the PMR report segments the automotive seat belts market into passenger cars and commercial vehicles, which has been further sub-segmented into light commercial vehicles, heavy trucks, and buses and coaches. Presently, passenger cars is the segment that is providing for the most prominent chunk of demand. Based on design type, this report bifurcates the market for automotive seat belt into belt-in-seat, two-point belts, three-point belts, four-point belts, five-point belts, and six-point belts. Currently, three-point seat belts provide for the maximum demand, which is a reflection of their affordability and reliability. Technology-wise, this market has been categorized into retractor, load limiters, active seat belt, pretensioner, and seat belt reminder system.
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Geographically, the analysts have highlighted Asia Pacific as the region of primary focus, witnessing strong demand from the emerging economies of India and China. These two countries are among the ones with the strongest GDP in the world and house nearly a quarter of the global population. On the back of a thriving automotive industry, wherein passenger vehicles are high in demand, Asia Pacific is anticipated to remain the most lucrative region throughout the forecast period of the study. A number of manufacturers are also establishing their production plants in these two countries, which will further drive the APAC automotive seat belt market.
The research answers important questions, including the following:
- How does the market look like by the end of 2029?
- Why the demand for the highest in region?
- What manufacturing techniques are involved in the production?
- What are the new products launched by players?
- In which year region will surpass region in terms of value?
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