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Automotive Airbag and Seat Belt Market for Pretensioner segment is expected will witness robust growth over the coming years

Author : Ronak Bora | Published Date : 2019-04-09 

The report presenting a comprehensive exploration of the global Automotive Airbag and Seat Belt Market encloses the rate of growth of the market over the projected duration. Providing a concise synopsis, the report determines the valuation and size of the industry in the near future. It also includes the major contributing factors to the growth of the global automotive airbag and seat belt market as well as the dominating players in the market coupled with their market share.

Automotive seat belt technological market has the retractor, the pretensioner, the active seat belts, bag in belts, seat belt reminder system and load limiter. Pretensioner is expected to dominate the industry over the coming years.

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Passenger safety has become the utmost priority for the government as well as the companies. Governments of numerous countries have mandated the usage of seat belts in vehicles and Moreover, airbags are also compulsory, especially in developed countries. The customers are also looking total vehicle protection. Initiatives such as New Car Assessment Program (NCAP) will award the vehicle based on safety performance and ratings on existing safety devices.

Europe has experienced economic downfall and is currently in its recovery stage. Industry is expected to showcase a stable growth in the region. Europe is the major market for Automotive Airbag and Seat Belt market and it is the hub for many safety system suppliers.

Automotive airbag and seat belt market is segmented based on design into three-point, four-point, five-point, six-point belts and belt in seat. Three-point belt is expected to be the dominant sector in the industry over the next eight years.

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Automotive Airbag and Seat Belt Market is segmented based on vehicles into commercial and passenger vehicles. Passenger cars are anticipated to lead the automotive airbag and seat belt market owing to substantial production of these vehicles across the globe.

Asia Pacific led by India, china and Thailand is the growing market for Automotive Airbag and Seat Belt market. Adoption of stringent regulations regarding safety installations coupled with escalating passenger vehicle sales will accelerate the product demand in the region over the forecast timeframe.

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Autoliv, Delphi Automotive, Takata Corporation, Hyundai Mobis Co., Toyoda Gosei, Robert Bosch, and Continental AG are among the prominent players in the automotive airbag and seat belt market. Industry participants are aiming to introduce innovative products to enhance their market shares. Supply chain plays a vital role in industry as the quality check takes place in the company itself. Automotive airbags possess a complex supply chain. Takata has executed the biggest recalls ever. The improper packaging of the airbag inflators led to unexpected explosion. The inadequate quality control records led to the incident. It is very important to maintain the communication even if the parts breakdown.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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