As per research of Research Dive, Active seat belt system market forecast shall surpass $29,100.0 million by 2026, registering a healthy CAGR of 4.4% from 2019 to 2026.
Active Seat Belt System Industry Analysis and Forecast 2026
Check out How COVID-19 impact on the Active Seat Belt System Market. Click here to Speak with Analyst @ https://www.researchdive.com/connect-to-analyst/51
Growing demand for safety from consumers, proven safety benefits active seat belt, along with norms combined with aggressive enforcement can compel the active seat belt system market growth. Stringent government regulations for safety and constant developments in automobile sector are likely to spur the active seat belt system market throughout the forecast period. For instance, Parliamentary Advisory Council for Transport Safety (PACTS) acclaims offence with three penalty points will be imposed for the occupants who are not wearing seat belts. On the other hand, high cost of retractor component of active seat belt along with expensive costs of vehicle eventually obstruct the active seat belt system market. Growing use of active seat belts in modern cars to improve safety of consumer coupled huge investment on the R&D department by significant manufacturers like ZF Friedrichshafen AG, these active seat belt system market trends are projected to create opportunities for global market throughout the forecast period. In addition, advancements such as gearlocks & interlocks along with cheat devices are anticipated to create enormous opportunities for active seat belt system industry.
Check out How North America region will have enormous opportunities for the market investors to grow over the coming years @ https://www.researchdive.com/download-sample/51
Active Seat Belt System Market, by Component
Pre-tensioner segment for automotive active seat belt system market holds the highest market share amongst the component type, and is expected to register revenue of $11,785.5 million throughout the forecast period 2019-2026 growing at a CAGR of 3.9%, owing to to pre-tensioners are manufactured with advanced features such as it is connected to central control processor that activates the air bag in the critical situations.
Commercial vehicles segment will register revenue of $ 8,002.5 Million by 2026 @ https://www.researchdive.com/purchase-enquiry/51
Retractor segment will be most lucrative till 2026
Retractor segment for active seat belt system market size is anticipated to generate revenue of $6,780.3 million over the forecast period 2019-2026 growing at a CAGR of 5.1%, mainly owing to conventional locking mechanism of retractor.
Amongst the Application, commercial vehicles segment for Active seat belt market size, registering revenue of $5,426.3 million by the end of 2018, and is anticipated to spur at CAGR of 5.0% generating revenue of $8,002.5 million by 2026.Key factors such as product and R&D developments coupled with rising adoption for future commercial vehicles is fueling the Active Seat Belt System Market growth.
Active Seat Belt System Market, by Application
North America region has the fastest growing market for active seat belt market globally and is projected to register revenue of $3,761.2 million growing at a healthy rate of 5.5% throughout the forecast period. Rising adoption of premium vehicles such as General Motors and Lamborghini is anticipated to boost the active seat belt system market.
Access Full Report (TOC, Figures, Chart, etc.) @ https://www.researchdive.com/51/active-seat-belt-system-market
Key Market Player
oFar Europe Holding Limited
oNingbo Joyson Electronics Corp. (Key Safety Systems, inc.)
oTokai Rika Co., Ltd.
oZf Friedrichshafen Ag (Zf Trw Automotive Holdings Corp.)
oHyundai Mobis Co Ltd;
oToyoda Gosei Co., Ltd.
Significant players of active seat belt system market include Takata Corporation, Far Europe Holding Limited, Tokai Rika Co., Ltd., Autoliv, Inc., Hyundai Mobis Co Ltd;, Continental Corporation, Ningbo Joyson Electronics Corp. (Key Safety Systems, inc.), Zf Friedrichshafen Ag (Zf Trw Automotive Holdings Corp.), Denso Corporation,. To gain competitive advantage these companies are investing huge amount in R&D for devolving advanced active seat belt systems for the vehicle passengers’ safety. In addition, to explain more about the intensity of competitive rivalry among key players, the porter’s five force model is specified in this report.
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
Mr. Abhishek Paliwal
30 Wall St. 8th Floor, New York
NY 10005 (P)
+ 91 (788) 802-9103 (India)
+1 (917) 444-1262 (US)
Toll Free: +1-888-961-4454
Follow us: https://marketinsightinformation.blogspot.com/