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(Transportation-News.com, March 06, 2019 )
As per the latest market intelligence report published by Stratview Research, the Automotive Seat Belt Market is anticipated to reach at US$9.1 billion by 2021.
The research studies Automotive Seat Belt Market in the trend period of 2010 to 2015 and forecasted period of 2016 to 2021 under four segments by Vehicle Type (Compact Car, Mid-Size Car, Large Car, MPV & LCV, SUV, M&HCV, and Others), by Technology Type (Retractor, Pre-Tensioner, Active Seat Belt, Load Limiter, and Bag-in-Belt), by Application Type (Two-Point Belt, Three-Point Belt, Four-Point Belt, Five-Point Belt, Six-Point Belt, and Belt-in-Seat), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016 – 2021
The study finds –
Asia-pacific tends to remain the largest automotive seat belt market during the forecast period as the region is the largest producer of automobiles. China, Japan, India, South Korea, and Thailand being the major markets.
Pre-Tensioner is the most commonly used seat belt technology and owns the largest share in the global automotive seat belt market due to its high reliability and effectiveness.
Three-Point seat belt is expected to remain the largest global automotive seat belt type during the forecast period.
Compact car is expected to remain the largest seat belt market by vehicle type in the global automotive industry during the forecast period.
Click here to read the detailed description: https://www.stratviewresearch.com/129/automotive-seat-belt-market-trend.html
Go through the TOC: https://www.stratviewresearch.com/toc/129/automotive-seat-belt-market-trend.html
Automotive Seat Belt Market: Highlights
The automotive seat belt market is expected to grow at a healthy CAGR of 3.1% over the next five years to reach $9.1 billion in 2021. Increasing automotive production across the region, rising demand for better safety systems, an advancement in the seat belt technology, introduction of stringent safety standards, and increasing seat-belt usage per car are driving the global automotive seat belts market in the upcoming five years.
The automotive seat belt market is segmented by vehicle type: Compact Car, Mid-Size Car, Large Car, MPV & LCV, SUV, M&HCV and Others. Compact car is expected to remain the largest seat belt market by vehicle type in the global automotive industry during the forecast period. The vehicle type is also likely to register the fastest growth for the same period. Increasing production of compact cars, particularly in the Asia-Pacific and European regions owing to rising demand in Japan, China, India, and high congested cities in the developed markets.
Stratview Research
Ritesh Gandecha
+1-313-307-4176
sales@stratviewresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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