According to Research Report Insights (RRI) report, titled “Automotive Seat belts Market by 2021”, the global automotive seat belt market is estimated to account for value worth US$ 19.5 billion by the end of 2021, exhibiting a healthy CAGR of 8.4% over the forecast period.Seat belt refers to safety belt which is basically a kind of automotive device for safety.
These kind of automotive seat belts were basically designed for safeguarding the driver from damage caused owing to unexpected jerk while collision or sudden vehicle stoppage.
Also, these automotive seat belts are complementing automotive airbags for ensuring safety to optimum passengers in an accident case.Globally, the market growth of automotive seat belt is primarily driven by growing safety regulations of government road and increasing road accidents incidents across the globe.
Escalating uptake the belts of 3-point type, increasing adoption of several advance technologies for safety, inclination towards active safety systems, and considerable investment in research & development activities by the major market players in order to innovate products are some of the key market trends observed.Request For Report Sample: https://www.researchreportinsights.com/report/sample/110114727/Automotive-Seat-Belts-MarketThe global automotive seat belt market is categorized into technology type, regions, vehicle type and design type.
Based on technology type, the global automotive seat belt market is fragmented into pretensioner, bag-in-belt, load limiter, retractor, active seat belt, and seat belt reminder system.
Also, this segment by the end of 2021 is anticipated to value for US$ 6,717.4 million, exhibiting 8% in the forecast period from 2015 to 2021.Based on vehicle type, the segmentation is done on the basis of commercial vehicle and passenger car.