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(Transportation-News.com, December 27, 2018 )
Stratview Research has published a new research report on Automotive Seat Belt Market. This extensive report by Stratview Research analyses the growth of Automotive Seat Belt Market over the trend period of 2010 to 2015 and forecast period of 2016 to 2021 under the following segments -
• By Vehicle Type (Compact Car, Mid-Size Car, Large Car, MPV and LCV, SUV, M&HCV, Others)
• By Technology Type (Retractor, Pre-Tensioner, Active Seat Belt, Load Limiter, Bag-in-Belt, Other Seat Belts)
• By Application Type (Two-Point Belt, Three-Point Belt, Four-Point Belt, Five-Point Belt, Six-Point Belt, Belt-in-Seat)
• By Region (North America, Europe, Asia-Pacific, Rest of the World)
Go through the detailed scope: https://www.stratviewresearch.com/toc/129/automotive-seat-belt-market-trend.html
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Get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/129/automotive-seat-belt-market-trend.html
Advancement in the seat belt technology
The automotive seat belt market is expected to grow at a healthy CAGR of 3.1% over the next five years to reach $9.1 billion in 2021. Increasing automotive production across the region, rising demand for better safety systems, an advancement in the seat belt technology, introduction of stringent safety standards, and increasing seat-belt usage per car are driving the global automotive seat belts market in the upcoming five years.
Compact car is expected to remain the largest seat belt market
The automotive seat belt market is segmented by vehicle type: Compact Car, Mid-Size Car, Large Car, MPV & LCV, SUV, M&HCV and Others. Compact car is expected to remain the largest seat belt market by vehicle type in the global automotive industry during the forecast period. The vehicle type is also likely to register the fastest growth for the same period. Increasing production of compact cars, particularly in the Asia-Pacific and European regions owing to rising demand in Japan, China, India, and high congested cities in the developed markets.
Top market players
Autoliv AB, ZF TRW Automotive Holdings Corp., Takata Corporation, Tokai Rika Co. Ltd., Key Safety Systems, and Hyundai Mobis Co. Ltd. are the major seat belt manufacturing companies occupying majority of the share in the global automotive seat belt market. These players are likely to remain predominant over the next five years as well. New product development, an advancement in seat belt technology, and long-term contract with automakers are the key strategies adopted by the key players to gain a competitive edge in the market.
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Stratview Research
Ritesh Gandecha
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sales@stratviewresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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