Overview and Scope
Automotive airbags and seatbelts are crucial safety features in vehicles designed to protect occupants during collisions. Airbags rapidly inflate to cushion and reduce the impact force, while seatbelts restrain occupants to prevent them from being thrown forward. Together, they significantly enhance passenger safety by minimizing injuries in accidents.
Sizing and Forecast
The automotive airbags and seatbelts market size has grown strongly in recent years. It will grow from $32.08 billion in 2023 to $34.62 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to rising awareness of vehicle safety, automobile industry growth, consumer demand for enhanced safety features, and increasing road traffic and accidents.
The automotive airbags and seatbelts market size is expected to see rapid growth in the next few years. It will grow to $47.17 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to the increasing adoption of advanced driver assistance systems, rising focus on occupant safety, increasing road traffic and urbanization, enhanced safety ratings and crash test results, and increased vehicle production. Major trends in the forecast period include technological advancements, integrated child safety features, adoption of advanced airbag systems, lightweight and sustainable materials, and integration of interlock systems.
Order your report now for swift delivery, visit the link:
https://www.thebusinessresearchcompany.com/report/automotive-airbags-and-seatbelts-global-market-report
Segmentation & Regional Insights
The automotive airbags and seatbelts market covered in this report is segmented –
1) By Airbag Types: Frontal Airbags, Knee Airbags, Side Or Curtain Airbags
2) By Seatbelt Type: 2 Point , 3 Point , 5 Point , Other Seatbelt Types
3) By Vehicle Types: Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCVS)
4) By Sales Channels: Original Equipment Manufacturer (OEM), Aftermarket
Asia-Pacific was the largest region in the automotive airbags and seatbelts market in 2023. The regions covered in the automotive airbags and seatbelts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on a free sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16598&type=smp
Major Driver Impacting Market Growth
Rising vehicle production is expected to propel the growth of the automotive airbags and seatbelts market going forward. The rise in vehicle production is fueled by rising demand for electric and hybrid vehicles, alongside the emerging trend of autonomous vehicles set to transform the transportation sector. Automotive airbags and seatbelts are essential safety features in vehicles, designed to minimize injury risks by restraining occupants and cushioning impacts during accidents. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based lobbying and standards group of the automobile industry, in 2022, global motor vehicle production reached 85.4 million units, marking a 5.7% growth compared to the previous year. Therefore, rising vehicle production will drive the growth of the automotive airbags and seatbelts market.
Key Industry Players
Major companies operating in the automotive airbags and seatbelts market are Robert Bosch GmbH, DENSO Corporation, ZF Friedrichshafen AG, Continental AG, The Hyundai Motor Group, Mitsubishi Electric Corporation, Faurecia SE, Lear Corporation, Aptiv Plc., Autoliv Inc., Toyoda Gosei Co. Ltd., Tokai Rika Co. Ltd., Daicel Corporation, TS Tech Co. Ltd., Nihon Plast Co. Ltd., Key Safety Systems (KSS), Ashimori Industry Co. Ltd, Nihon Tokushu Toryo Co. Ltd., Delphi Automotive, Goradia Industries, Far Europe Holding Limited, Hayakawa Rubber Company
The automotive airbags and seatbelts market report table of contents includes:
1. Executive Summary
2. Automotive Airbags And Seatbelts Market Characteristics
3. Automotive Airbags And Seatbelts Market Trends And Strategies
4. Automotive Airbags And Seatbelts Market – Macro Economic Scenario
5. Global Automotive Airbags And Seatbelts Market Size and Growth
…
32. Global Automotive Airbags And Seatbelts Market Competitive Benchmarking
33. Global Automotive Airbags And Seatbelts Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automotive Airbags And Seatbelts Market
35. Automotive Airbags And Seatbelts Market Future Outlook and Potential Analysis
36. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
