Automotive Airbag And Seat Belt Market Is Going to Hit USD 73.45 Billion By 2025

Automotive Airbag and Seat Belt Market Worth $73.45 Billion by 2025 |
Grand View Research, Inc
“Continuous efforts taken by prominent companies to introduce innovative
airbag and seatbelt technologies have contributed to the market growth. Over
the past few years, Original Equipment Manufacturers (OEMs) and suppliers
have been working toward the development of advanced products.”
The global automotive airbag and seat belt market size is expected to reach USD 73.45 billion by 2025, according to
a new study by Grand View Research, Inc. The market is estimated to expand at a CAGR of 5.9% during the forecast
period. Various federal, state, and local regulations pertaining to the installation of basic passive safety systems is
one of the major factors driving the market. Growing awareness among consumers about the importance of
implementing safety systems in vehicles is also responsible for propelling the market growth.
Increasing consumer disposable income levels, particularly in emerging nations of Asia Pacific, Latin America, and
Eastern Europe, are expected to have a positive impact on the market. Furthermore, the automotive market in these
regions is witnessing considerable progress. Rising profitability of the automotive market consequently promotes
the growth of the airbag and seatbelt market. Technological advancements and continuous product development
have also augmented the demand for products, such as airbag and seat belts, thereby supporting market expansion.
The introduction of enhanced fabric technologies, new coating application, and inflatable and motorized seatbelts
are expected to drive the market further. As technologies mature over the forecast period, it would only act in favor
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of the industry players, since technological maturation would lead to lower prices, subsequently promoting the
adoption of these products.
To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/automotive-airbag-seat-belt-market
Further key findings from the study suggest:
• Knee airbags segment is expected to register the highest CAGR of 7.7% over the estimated period due to
added protection offered by these airbags
• The three point seat belt segment is projected to expand at a CAGR of 4.6% during the forecast period and is
projected to remain the preferred choice in a majority of commercial and passenger vehicles
• The Asia Pacific (APAC) region is anticipated to register the highest CAGR over the forecast years due high
product demand
• Presence of emerging nations including China and India who are expected to exhibit a significant growth, in
terms of GDP and disposable income, will also boost APAC market
• Some of the key companies in the global automotive airbag and seat belt market include Autoliv, Inc.; Key
Safety Systems (KSS); Robert Bosch GMBH; Continental AG; Toyoda Gosei Co., Ltd.; Hyundai Mobis Co., Ltd.;
and ZF Friedrichshafen AG.
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View more reports of this category by Grand View Research at
www.grandviewresearch.com/industry/automotive-and-transportation
Grand View Research has segmented the global automotive airbag and seat belt market on the basis of type, end
use, and region:
Automotive Airbag and Seat Belt Type Outlook (Revenue, USD Million, 2014 - 2025)
• Airbag Type
o
o
o
o
Curtain Airbag
Front Airbag
Knee Airbag
Side Airbag
• Seat Belt Type
o
o
o
Two Point
Three Point
Others
Automotive Airbag and Seat Belt End Use Outlook (Revenue, USD Million, 2014 - 2025)
• AirbagEnd Use
o
o
Passenger Vehicle
Commercial Vehicle
• Seat Belt End Use
o
o
Passenger Vehicle
Commercial Vehicle
Automotive Airbag and Seat Belt Regional Outlook (Revenue, USD Million, 2014 - 2025)
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• North America
o
o
U.S.
Canada
• Europe
o
o
o
U.K.
Germany
France
• Asia Pacific
o
o
o
China
India
Japan
• Latin America
o
o
Brazil
Mexico
Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-automotive-airbag-seat-belt-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to
chemicals, materials and healthcare.
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Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
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