The global Automotive airbag & seat belt Market was valued at $49.44Billion in 2017 and is forecast to grow at a modestxx.4 % CAGR between 2018 and 2025, culminating in 2025 global sales of $83.7 Billion.
Airbags are a safety device in the vehicle which inflates much like a balloon in case of a crash & offering effect & other effective cushioning to the chest & the head of the occupants which increase the chance of survival. The airbagis made of thin nylon fabric folded into a steering wheel or dashboard or more recently the door or seat. Seat belt helps to prevent injury in the event of a car crash by reducing the velocity of a body as it experiences a sudden decrease in speed. It is made up from polyester & woven from about 300 mm warp stands & one weft strand.
“Optimal Price Point (OPP) for Automotive Airbag and Seat Belt Products”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in the China Automotive Airbag and Seat Belt materialsare available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Automotive Airbag and Seat Belt Market by “End-Use Categories”
We have segmented the Automotive Airbag and Seat Beltbased on end-use categories as Passenger, Commercial.
We have observed the significant use of automotive airbag & seat belt by end use of passenger vehicles which dominates the market because it prevents or reduce injuries suffered in a crash & these of material are designed to work as the key part of a wider injury prevention measures & safety system such as airbags & seat belts which will be not effective in reducing the risk of injury which demands the market of automotive airbag & seat belt over the forecast period.
Automotive Airbag and Seat Belt Market by “Type”
We have segmented the Automotive Airbag and Seat Belt market based on types are Curtain, Knee, Side, Two Point, Three Point.
We have observed the significant growth of automotive airbag & seat belt market by three-point types of seat belt which dominate the market.The three-point seat belt is safer than lap belts either where sudden deceleration in unexpected & abrupt. Three-point harnesses keep the body in a vertical position allowing very little movement of the torso which boosts the market growth over the forecast period.
North America accounted for the maximum revenue share of over xx% in 2017 due to increased demand of automotive airbag & seat belt market followed by EU- Top 5 countries contribute $X.6 Billion in 2017 and expected to reach $x.5 Billion by 2023.
The key regions analyzed in the study include North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. In 2017, North America held the largest share for automotive airbag & seat belt market due to the demand for the end user in commercial & Passenger vehicles. Asia Pacific is expected to have the highest growth U.S. & this would be followed by Europe.
Rising demands for vehicles&increase the demand of safety concern with the increasing populations generates a demand for automotive airbag & seat belt. We are observing that anautomotive airbag &seatbelt are a good option as it can create a good impact on the automotive sectors.
“Competitive Landscape”and“Merger & Acquisition Insights”
The key market participants include Hyundai Mobis Co Ltd,ZF Friedrichshafen AG, Robert Bosch GMBH, Key Safety Systems, Toyoda Gosei Co Ltd, Continental AG, Autoliv Inc, are few major players in Automotive Airbag and Seat Beltmarkets. TheAutomotive Airbag and Seat Belt marketare fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Automotive Airbag and Seat Belt Market by End-Use Categories (Revenue, Million, 2014 – 2025)
Automotive Airbag and Seat Belt Market by Type (Revenue, Million, 2014 – 2025)
- Two Point
Automotive Airbag and Seat Belt Market Regional Outlook (Revenue,USD Million, 2014- 2025)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
Global Automotive Airbag and Seat Belt Market,Global Automotive Airbag and Seat Belt Market Analytics, Global Automotive Airbag and Seat Belt Market Share,Global Automotive Airbag and Seat Belt Market Research, Global Automotive Airbag and Seat Belt Market Forecast,Global Automotive Airbag and Seat Belt Market Insight, Global Automotive Airbag and Seat Belt Market Trend, Global Automotive Airbag and Seat Belt Market Value, Global Automotive Airbag and Seat Belt Market Size,Global Automotive Airbag and Seat Belt Market Analysis, Global Automotive Airbag and Seat Belt Market Survey,Global Automotive Airbag and Seat Belt Market Research Report