Global Automotive Seat Belt Height Adjuster Market to Expand at a CAGR of above 4%
A new report has been published by Transparency Market Research, titled, “Global Automotive Seat Belt Height Adjuster Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027.” As per the report, the global automotive seat belt height adjuster market is expected to exceed US$ 1.3 Bn by 2027, while expanding at a CAGR of above 4% during the forecast period. The TMR report anticipates that the global automotive seat belt height adjuster market to be driven by a range of technological, macroeconomic, and industry-specific factors.
The report has segmented the market in terms of technology, seat, vehicle and region. On the basis of technology, the manual segment dominated the market and is expected to remain a dominant segment during the forecast period. The anticipated growth rate is ascribed longer lifespan as well as low maintenance and replacement cost of manually operated seat belt height adjuster, as compared to that of automatic operated which are quite expensive. Also, the automatic segment is expected to expand at a strong pace in the near future, which is ascribed to cost cutting of mechatronic components to ensure more safety and comfort.
Based on seat, the report states that the front segment will hold a prominent share of the market. This is mainly due to the preference for driver’s safety and comfort while driving. Most of the new modern vehicles running the road currently are integrated with front seat belt height adjusters. These adjusters are mainly helpful as the effect of crash on the front seat is relatively higher and indecorous adjustment of the seatbelt may result in severe injuries. This has led the manufacturers to integrate seat belt height adjusters for front seats in a higher ratio.
From a regional perspective, the market is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Among these, Asia Pacific is expected to be an extremely lucrative market, due to increasing vehicle production in China, Japan, and India. Another factor boosting the automotive seat belt height adjuster market is entry of premium automakers in the region. In 2018, Asia dominated the market with 35.95% market share as China accounted for more than 25% of the total global vehicle production, and vehicle production in China is rising at rate of more than 4%.
Major players operating in the global automotive seat belt height adjuster market are profiled in this report to give a better competitive analysis and these include APV Safety Products, IMMI, Autoliv Inc., Beam’s Seatbelts, BERGER GROUP, Far Europe Inc., Goradia Industries, GWR Co., Joyson Safety Systems, IMMI, Robert Bosch GmbH, Seatbelt Solutions LLC, Saikai Vehicle Industry Co.,Ltd., and ZF Friedrichshafen AG.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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