Global Automotive Active Seat Belt System Industry

Global Automotive Active Seat Belt System Industry

  • April 2021 •
  • 182 pages •
  • Report ID: 5899075 •
  • Format: PDF
Abstract:
- Global Automotive Active Seat Belt System Market to Reach $12.6 Billion by 2027
- Amid the COVID-19 crisis, the global market for Automotive Active Seat Belt System estimated at US$10.8 Billion in the year 2020, is projected to reach a revised size of US$12.6 Billion by 2027, growing at aCAGR of 2.2% over the period 2020-2027. Passenger Cars, one of the segments analyzed in the report, is projected to record 2% CAGR and reach US$9.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Commercial Vehicles segment is readjusted to a revised 2.8% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $2.9 Billion, While China is Forecast to Grow at 4.2% CAGR
- The Automotive Active Seat Belt System market in the U.S. is estimated at US$2.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.5 Billion by the year 2027 trailing a CAGR of 4.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.5% and 1.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0.9% CAGR.

- Select Competitors (Total 44 Featured) -
  • Autoliv, Inc.
  • Bosch Mobility Solutions
  • Continental AG
  • Denso Corporation
  • Far Europe Holding Ltd.
  • Hyundai Mobis Co., Ltd.
  • Iron Force Industrial Co., Ltd.
  • ITW Safety
  • Key Safety Systems, Inc.
  • Special Devices Inc.
  • Takata Corporation
  • Tokai Rika Co., Ltd.
  • ZF Friedrichshafen AG