- The key vendors in the Global Automotive Seatbelts Market 2014-2018 are Autoliv Inc., Takata Corp., Toyoda Gosei Co. Ltd. and TRW Automotive Inc.
London, 16 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Automotive Seatbelts Market 2014-2018. Increase in consumers’ concerns toward safety is becoming one of the major trends for this market. Many consumers have realized the importance of wearing a seatbelt and the advantages associated with it. Consumers have become more aware about safety features in their cars and prefer to use them. The Global Automotive Seatbelts market is expected to grow in terms of revenue at a CAGR of 5.14 percent during the period 2014-2018.
Most countries have implemented or are in the process of implementing legislation that makes it mandatory for drivers to wear seatbelts, which makes it mandatory for automakers to install seatbelts in all models of passenger car and light commercial vehicles.
“There is increased adoption of both active and passive safety systems by original equipment manufacturers in their new upcoming models and they are also trying to improve both active and passive safety systems in their existing models,” says Faisal Ghaus, Vice President of TechNavio Research.
“Seatbelts are the most basic form of passive safety system and have proven to be a viable solution in reducing fatalities during car accidents.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
