Global Vehicle Seatbelt Market Overview:
Vehicle Seatbelt is a safety device designed to secure the driver and co-passenger of a vehicle against harmful collision or accidents. American car manufacturer Nash in 1949 and Ford in 1955 offered seat belts as an option for the customer but in 1958 a Swedish manufacturer Saab introduced seatbelts inbuilt vehicles. Later in 1970, the first law for seat belts came into existence in Australia to wearing of seatbelts compulsory for driver and front co-passenger. According to the National Highway Traffic Safety Administration, the use of seatbelts in the United States has grown from 89.6% in 2018 to 90.7 in 2019. The increasing awareness for safety driving leads to the growth in vehicle seatbelts.
- Rise In Government Regulatory System For Vehicle Safety
- Increasing Demand For Safer And Convenient Driving
- Growing Demand Of Advanced Driver-Assistance Systems Sensors In Seatbelt
- Reduces or Mitigate the Effectiveness of Seatbelts
- Low Cost Of Production In Most Developing Countries
- Rising In The Sales Of Passengers Cars
Some of the key players profiled in the report are ZF Friedrichshafen AG (Germany), Autoliv Inc. (Sweden), DENSO Corporation (Japan), GWR Safety Systems Inc (United States), ZF TRW Automotive Holdings Corp (United States), Takata Corporation (Japan), TOKAI RIKA CO., LTD (Japan), Hyundai Mobis (South Korea), Continental AG (Germany), Safety Belt Services Limited (United Kingdom), Belt-Tech (Canada), The BERGER GROUP (China) and Goradia industries (India). Analyst at AdvanceMarketAnalytics see United States and Asia Pacific Vendors to retain maximum share of Global Vehicle Seatbelt market by 2025. Considering Market by Material, the sub-segment i.e. Polyester will boost the Vehicle Seatbelt market.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Vehicle Seatbelt market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Vehicle Seatbelt market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors of vehicle seatbelts, Government Regulatory and Research Organizations and End Users.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.