Persistence Market Research Released New Market Report on “Automotive Seat Belt Market: Global Industry analysis and Forecast to 2020” in the category "Shipping and Transportation"
New York, NY -- (SBWIRE) -- 09/23/2014 -- Seat belt, also known as safety belt, is one of the automotive safety devices. Automotive seat belts are designed to safeguard the driver against the harmful movement at the time of collusion or sudden stop. Automotive seat belts main function is to reduce the chance of serious injuries or sudden death while driving the vehicle. Automotive seat belt reduces the force of movement and protects the individual driving the vehicle from getting serious injury during sudden collusion. Automotive seat belt is viewed as substitute of automotive airbag technology. While driving the vehicle, driver and passengers travels at the same speed. When the vehicle suddenly stops, people seating are still in the same velocity. Automotive seat belts apply opposite force and prevent the people within from colliding with the interior of the vehicle.
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On the bases of design global automotive seat belt can be bifurcated into two point belts, lap belts, sash belts, three point belts, five point belts, belt in seat and six point belts. During accident 75% of drivers are assumed to get ejected from the vehicle; seat belts prevents the driver from getting ejected while sudden collusion and protecting the driven from injuries or death.
North America has the largest market share for automotive seat belts market, followed by Europe and Asia-Pacific. The U.S and Japan are the largest market for automotive seat belt globally. Asia-Pacific region is expected to witness highest growth in the forecasted period owing to increasing domestic demand for vehicle with added safety equipments within the vehicle. Emerging markets of China and India are expected to boost the Asian automotive seat belt market.
Increasing number of deaths in road accident is accelerating demand for safety measures, increasing the global automotive seat belt market. According to Alabama’s Department of Public Safety in 2013, there were 367 traffic deaths, among which 178 deaths happened to those who were not wearing seat belts while driving. Additionally, strict safety regulations implied by the government agencies to wear seat belts while driving coupled with increasing life expectancy is also driving the global airbag market.
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Also, increasing disposable income is influence the individuals to invest more on safety features within the vehicle, further increasing the demand for automotive seat belt market to some extent.
Compulsory government regulation to wear seat belt while driving especially in the developed and developing countries such as the U.S., Japan, China and India is persuading the market players to invest in the automotive seat belts market. Some of the major companies operating in the global automotive seat belt market are TRW Automotive, Takata Corporation, Robert Bosch, Autoliv Inc., Delphi Automotive and Continental AG,
Key points covered in the report:-
1. Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2. The report covers geographic segmentation
3. The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4. The report provides company profiles of some of the leading companies operating in the market
5. The report also provides porters five forces analysis of the market.
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