Global Automotive Airbag and Seat Belt Market Baling

  • Location: Baling, Kedah, Malaysia

SGD4,100

Global Automotive Airbag and Seat Belt Market was valued US$55.00 Bn in 2018 and is expected to reach US$ XX Bn by 2026 at a CAGR of about XX % during a forecast.

Global Automotive Airbag and Seat Belt Market, By End User

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.
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Published date: August 31, 2020

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