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Automotive Seat Belts Market 2028: Top Vendors Analysis, Growth Drivers and Geog

Automotive seat belts market size is predicted to expand at a considerable rate as the incidence of road accidents is growing due to a major lack of measures taken to improve individual safety. According to the National Highway Traffic Safety Administration (NHTSA), out of 22,215 American citizens killed in passenger vehicle accidents, 47% of them were not wearing a seat belt.

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Automotive Seat Belts Market 2028: Top Vendors Analysis, Growth Drivers and Geog

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  1. Automotive Seat Belts Market: Global Analysis, Opportunities And Forecast To 2028

  2. Industry Insights • As per a recent research report, Global automotive seat belts market share is likely to surpass USD 23 billion valuation by 2028 • Automotive seat belts market size is predicted to expand at a considerable rate as the incidence of road accidents is growing due to a major lack of measures taken to improve individual safety. According to the National Highway Traffic Safety Administration (NHTSA), out of 22,215 American citizens killed in passenger vehicle accidents, 47% of them were not wearing a seat belt. • Today, many carmakers are introducing advanced technologies that make wearing seatbelts mandatory to activate the airbag feature during the event of an accident. Moreover, governments are unveiling various initiatives to improve road safety and encourage people to wear seat belts and take other precautions.

  3. Most light commercial vehicle (LCV) drivers do not pay much heed to road safety, thereby causing an uptick in the number of fatal LCV accidents every year. However, this scenario is changing as federal authorities are implementing stricter laws and policies to make wearing seatbelts a mandatory practice. • For instance, the Indian government recently introduced the New Motor Vehicles Act, which focused on reducing traffic violations including failure to wear a seatbelt. The enforcement of this law saw an almost immediate increase in the percentage of commercial vehicle drivers wearing a seat belt. For example, 17.8% of LCV drivers in Delhi started wearing a seatbelt after the implementation of the act. • Luxury carmakers are introducing novel technologies with the production of every new car to enhance the driving experience of their customers. Road safety has been a focal point of discussion for these producers for years, prompting them to bring about advancements in basic yet important car components like seatbelts.

  4. Regional Analysis • While it is important to wear a seat belt to avoid severe injuries or even death during an accident, there’s another factor that is making people take this crucial automotive component seriously: insurance claims. If a customer is fined or suffers from an accident for not wearing a seatbelt, then the car insurance company will not cover their client’s medical or vehicle damage expenses. • Moreover, it can give firms the opportunity to increase the insurance rate during renewal time as the customer would now come under the high-risk driver category. This, in consequence, will lead to customers making sure that they wear a seat belt, so as to avoid paying for vehicle damage or medical issues themselves. • Competitive Analysis • Ningbo BX Automotive Co., Ltd. • Ashimori Industry Co., Ltd. • Continental AG • Hyundai Mobis • B.K Seat Belts Co., Ltd.

  5. Automotive Seat Belts Market @ https://www.gminsights.com/industry-analysis/automotive-seat-belts-market Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/1944 Request for customization: https://www.gminsights.com/roc/1944

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