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Europe Automotive Airbag and Seat Belt Market to witness robust growth during forecast period

Author : Ronak Bora | Published Date : 2019-05-30 

Global Market Insights recently introduced report on global Automotive Airbag and Seat Belt Market report is an in-depth study providing complete analysis of the industry for the period 2018 to 2024. It provides complete overview of the industry considering all the major industry trends, market dynamics and competitive scenario.

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.

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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.

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.

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.

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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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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