Automotive Airbags & Seatbelts Market Worth $40.4 Billion by 2025 - Exclusive Report by MarketsandMarkets™
CHICAGO, May 8, 2020 -- According to the new market research report "Automotive Airbags & Seatbelts Market By Airbag Type (Front, Knee and Side & Curtain), Seatbelts (2-point and 3-point), Vehicle (PC, LCV, Buses and Trucks), Electric Vehicle, Component (Airbag Inflator, ACU and Airbag) and Region - Global Forecast to 2025", published by MarketsandMarkets™, the Automotive Airbags & Seatbelts Market is estimated to be USD 28.2 billion in 2020 and is projected to reach 40.4 billion by 2025, at a CAGR of 7.5%. The market is driven principally by the increasing demand for a safer, efficient, and convenient driving experience and stringent safety regulations across the globe.
Browse in-depth TOC on "Automotive Airbags & Seatbelts Market"
99 – Tables
54 – Figures
140 – Pages
Request for PDF Brochure:
The 3-point seatbelts segment to hold the largest share of the Automotive Airbags & Seatbelts Market, by seatbelt type
The government mandates for the installation of 3-point seatbelts will contribute to the growth of the segment. 3-point seatbelts protect against front-end collision. The growth of this segment can be attributed to their effectiveness over 2-point seatbelts in terms of safety.
Hybrid Electric Vehicle (HEV) to acquire the largest market share
HEV is estimated to hold the largest share of the Automotive Airbags & Seatbelts Market, by electric vehicle. Stringent emission norms, environment safety, vehicle electrification, and government regulations are expected to boost the demand for HEV airbags & seatbelts. Governments around the globe are encouraging the sale of electric vehicles by offering incentives to customers and subsidies to electric vehicle OEMs. This, in turn, will help drive the automotive airbags & seatbelts industry for electric vehicles.
Request FREE Sample Report:
Asia Pacific: The largest market in the global Automotive Airbags & Seatbelts Market
The Asia Pacific region is estimated to hold the largest share of the automotive airbags & seatbelts industry in 2020. The demand for automotive airbags & seatbelts in this region is triggered by increasing vehicle production in developing nations such as China and India and the increasing number of luxury vehicles in countries such as China and Japan. This region is also the leading producer of automobiles in the world. Moreover, regulatory mandates regarding airbags are expected to further drive the market growth in this region.
The report analyzes all major tier I suppliers in the Automotive Airbags & Seatbelts Market. Autoliv (Sweden), ZF Friedrichshafen (Germany), and Joyson Safety Systems (US) are some of the leading suppliers in the market.
Browse Related Reports:
Automotive Diagnostic Scan Tools Market by Workshop Equipment, Vehicle, Handheld Scan Tools (Scanner, Code Reader, Digital Pressure Tester, TPMS Tool, Battery Analyzer), Offering, Connectivity, and Region - Global Forecast to 2025
ADAS Market by System (ACC, AFL, DMS, NVS, IPA, PDS, TJA, FCW, CTA, RSR, LDWS, AEB, & BSD), Component (Radar, LiDAR, Ultrasonic, and Camera Unit), Vehicle (PC, LCV, Buses, & Trucks), Offering (Hardware, Software), EV and Region - Global Forecast to 2027
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets' flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/air-bag-seat-belt-market.asp
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/air-bag-seat-belt.asp