According to Stratistics MRC, the Global Automotive Seat Belt Load Limiter Market is accounted for $3.40 billion in 2019 and is expected to reach $6.30 billion by 2027 growing at a CAGR of 8.0% during the forecast period. The increasing demand for light commercial vehicles due to the rise in capital investments in small and medium enterprises is the major factor propelling the market growth. However, the stringent regulations pertaining to the vehicle safety in regions are hampering the market growth.
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By geography, Asia pacific is estimated to have a lucrative growth due to the rising production of vehicles in the region. Furthermore, higher foreign investments in the region supplemented with a rise in the number of manufacturing sites in China, India, Japan, Indonesia, and South Korea are likely to augment the automotive seat belt load limiter market in Asia Pacific during the forecast period.
Some of the key players profiled in the Automotive Seat Belt Load Limiter Market include APV Safety Products, Autoliv Inc., Beam’s Seat Belts, Belt-tech, Far Europe Inc., BERGER GROUP, GWR Co., Continental AG, DENSO Corporation, Goradia Industries, Joyson Safety Systems, Kingfisher Automotive, Seat Belt Solutions LLC, TOKAIRIKA CO, LTD, ZF Friedrichshafen AG., Toyoda Gosei Co.Ltd., and Hyundai Mobis Co. Ltd.
Seats Covered:
• Rear
• Front
Technologies Covered:
• Adaptive/ Switchable
• Progressive Load Limiters
• Digressive Load Limiters
Vehicles Covered:
• Light Commercial Vehicle
• Heavy Commercial Vehicle
• Passenger Vehicle
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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