Along with the advent of restrain force theories, automotive seat belt limiter has been prevalently used to acknowledge the expected pattern of seatbelt force during crash. Unprecedented road traffic injuries have caused significant economic losses to families and nations as a whole. According to WHO, ~1.35 million people succumb to road traffic crashes which cost most countries 3% of their GDP. In light of it, players in automotive seat belt load limiter market vie to contribute to the 2030 agenda for Sustainable Development that aims to halve the global number of deaths and injuries from road traffic crashes by 2020.
These excerpts are according to the intelligence report, titled, "Automotive Seat Belt Load Limiter Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2027," which has been freshly added to Market Research Hub’s (MRH) exponential repository.
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World Health Organization infers wearing a seat-belt lowers the risk of death among drivers and occupants by 45-50%. Meanwhile, applying load limiters with no airbag may propel the chance of head contact with vehicle interior, thereby offsetting benefits of lowering the belt forces. As such, leading players such as APV Safety Products, ZF Friedrichshafen AG, and Autoliv Inc. have been developing innovative seat belt load limiter to complement the ambitious target set by WHO.
Integration of load limiter and pretensioner to dissipate the impact of collision has fared well for digressive load limiter. A digressive load limiter tend to maintain the slackness or tightness of the load seat belt webbing and is getting hugely popular among stakeholders. Accordingly, digressive load limiter segment is set to hold substantial share in automotive seat belt load limiter market. Meanwhile, progressive load limiter will potentially be highly sought-after among automakers in the market.
Asia Pacific is set to reign supreme as the region gets replete with vehicle production which is backed up by rising FDI in countries such as India, China, South Korea and Indonesia. Further, North America and Europe are likely to be favorable market given the financial loss the regions have been encountering owing to road crashes. Accordingly, market for automotive seat belt load limiter is set to reach value of ~US$5.4 billion at a growth rate of at a growth rate of ~6% by 2027-end.
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Automotive Seat Belt Load Limiter Market: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the automotive seat belt load limiter market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the automotive seat belt load limiter market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on automotive seat belt load limiter.
An insightful and deep-dive assessment of the competitive assessment of the automotive seat belt load limiter market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the automotive seat belt load limiter market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Automotive Seat Belt Load Limiter Market: Research Methodology
Primary sources and secondary sources propel intelligence report on automotive seat belt load limiter market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.
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