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Global Automotive Seat Belt Load Limiter market 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 market growth. However, the stringent regulations pertaining to the vehicle safety in regions are hampering market growth.
Automotive Seat Belt Load Limiter is designed to allow the seat belt force applied the chest to rise only to a point where serious injury is unlikely. Load limiters technology helps in protecting travellers from seatbelt imposed injury. The load limiter releases the webbing slowly so as to apply low force on the travellers chest. Currently, two types of load limiter present in the market such as digressive load limiters and progressive load limiters.
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This press release was orginally distributed by SBWire
Northbrook, IL (SBWIRE) 12/18/2020 The global Automotive Airbags & Seatbelts Market size is estimated to be USD 28.2 billion in 2020 and is projected to reach 40.4 billion by 2025, at a CAGR of 7.5% during the forecast period. Increasing consumer preference for safety features in vehicles and advancement in passive safety systems are driving factor for the market growth. Moreover, stringent safety regulation for vehicles is expected to drive the market growth for automotive airbags and seatbelts.
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