Global Automotive Seat Belt Market : Segments, Dynamics, Size and Forecast to 2021

Global Automotive Seat Belt Market : Segments, Dynamics, Size and

Forecast to 2021

Persistence Market Research

Global Automotive Seat Belt Market to

Progress for US$ 19.5 Bn by 2021 Persistence Market Research

Persistence Market Research

1

Global Automotive Seat Belt Market : Segments, Dynamics, Size and

Forecast to 2021

Persistence Market Research Released New Market Report “Global Automotive Seat

Belt Market to Progress for US$ 19.5 Bn 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.

Market History:

Seat belt, also known as a safety belt, is a basic automotive safety device. Automotive seat belts are

designed to safeguard the driver from harm caused due to sudden jerk on collision or sudden stoppage of

the vehicle. Automotive seat belts complement automotive airbags to ensure optimum passenger safety in

case of an accident.

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The global automobile seat belt market is anticipated to expand at a single-digit CAGR during the forecast

period. Moreover, the global seat belt volume is anticipated to follow the same trend in terms of CAGR.

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By design type, the global automotive seat belt market is segmented into two-point belt, three-point belt,

four-point belt, five-point belt, six-point belt, and belt-in-seat; among these, three-point belt is expected to

be the dominant segment, accounting for 93.7% share of the total...