Global Automotive Seat Belt Market - Size, Share, Trend, Analysis to 2021

Global Automotive Seat Belt Market - Asia-Pacific is estimated to

be the largest market, By Regional Analysis (2021)

Persistence Market Research

Global Automotive Seat Belt Market to reach

US$ 19.5 Bn by 2021 - Persistence Market

Research

Persistence Market Research

1

Global Automotive Seat Belt Market - Asia-Pacific is estimated to

be the largest market, By Regional Analysis (2021)

Persistence Market Research Released New Market Report “Global Market Study on

Automotive Seat belts: 3 Point Seat Belt Segment to Witness High Growth by

2021”.

The global automotive seat belt market is estimated to be valued at US$ 11,987.6 Mn by the

end of 2015. The market is expected to register a CAGR of 8.4% between 2015 and 2021. In

terms of volume, the market accounted for 433,480 thousand units in 2014, and is expected

to increase at a CAGR of 6.8% over the forecast period to reach 684,555 thousand units by

2021 and by value to Account for US$ 19.5 Bn by 2021.

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Growth of the global automotive seat belt market is mainly driven by increasing government

road safety regulation and high incidence of road accidents worldwide.

Increasing uptake of three-point belts, rising adoption of various advance safety

technologies, shift to active safety systems, and substantial investment in R&D activities by

key players for product innovation are major trends observed in the market.

The global automotive seat belt market was valued at US$ 11,026.6 Mn in 2014. Asia Pacific

(APAC) was the largest market for automotive seat belts, accounting for 28.8% revenue

share of the overall market in 2014, followed by Europe accounting for 28.0% share.

Moreover, Asia Pacific market is expected to exhibit highest CAGR of 11.4% during the

forecast period (2015–2021), followed by the MEA market, which is expected to expand at a

CAGR of 8.5%. APAC is forecast to remain the most attractive market for major players, and

is...