Global Automotive Airbags & Seatbelts Market is valued at approximately USD 63.06 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 12.2% over the forecast period 2019-2026. Increasing vehicle production followed by rising road accidents are driving the market growth over the forecast period. For instance, as per Population Reference Bureau (PRB) road traffic accident is the tenth leading cause of deaths globally and the leading cause of deaths by injury. Moreover, road traffic injuries are predicted to be the third-leading contributor to the global burden of injury by 2020. Additionally, according to World Health Organization in 2016, approximately 1.35 million people die each year as a result of road traffic crashes. Thus, rising road accidents across the globe would accelerate the adoption of automotive air bags and seat-belts over the forecast period.
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The major market players include-
On the basis of segmentation, the automotive airbags & seatbelts market is segmented into airbag type, seatbelt type and vehicle type. airbag type is further divided into frontal, knee, & side & curtain. Seatbelts type includes 2-point & 3-point. Vehicle type is further segmented into PC, LCV, Buses, & Trucks and Electric Vehicle is further classified into Battery Electric Vehicles (BEVS), Fuel Cell Electric Vehicles (FCEVS), Hybrid Electric Vehicles (HEVS) and Plug-In Hybrid Electric Vehicles (PHEVS).
The regional analysis of global automotive airbags & seatbelts market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. The Asia Pacific is estimated to lead the market owing to technological advancements and increasing automotive sector in the region.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
- Analyzing the outlook of the Automotive Airbags & Seatbelts Market with the recent trends and SWOT analysis
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- Automotive Airbags & Seatbelts Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the Automotive Airbags & Seatbelts Market.
- Automotive Airbags & Seatbelts Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- 1-year analyst support, along with the data support in excel format.
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