Contact Us
Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

A seat belt is a vehicle safety apparatus designed to secure the driver and passengers of a vehicle against a severe movement that results during a collision or sudden stop. A seat belt reduces the possibility of death or serious injury during a collision by reducing the force of secondary impacts with interior strike hazards. Many countries have made it mandatory to wear seat belts during traveling in can have exercised stringent monetary penalties for those who do not adhere to the law. There are six different types of seat belts including belt-in-seat, two-point belt, three-point belt, four-point belt, five-point belt, and six-point belt.

The global automotive seat belt market is estimated to be valued at US$ 12,300.1million in 2021 and is expected to exhibit a CAGR of 5.2% over the forecast period (2021-2028).

Recent Developments:

In Sep 2018, ZF releases new active control retractor seat belt system. Active seat belt systems can vibrate to warn drivers of potential danger and tighten the seat belt in anticipation of an accident.

In Sep 2019, Hyundai Motor launches the i30 N Project C limited edition, a lighter, lower and more extreme version of the critically acclaimed i30 N. This Project C includes seat belts.

In Sep 2021, Toyoda Gosei Co., Ltd. and Ashimori Industry Co., Ltd. are established a capital .and business alliance for the safety system of automotive industry.

Figure 1. Global Automotive Seat Belt Market Value (US$ Mn), by Region, 2020

Automotive Seat Belt  | Coherent Market Insights

Asia Pacific Region held dominant position in the global automotive seat belt market in 2020, accounting for 54.0% share in terms of value, followed by Europe and North America, respectively.

Global Automotive Seat Belt Market - Drivers

Stringent government regulations regarding vehicular safety are expected to drive growth of the global automotive seat belt market during the forecast period. Governments of various countries across the globe have enforced strict regulations for passenger safety. Such regulations have made wearing a seat belt mandatory for drivers and passengers in the car. Violation of such laws can lead to monetary penalties and repeated violations can even result in driver’s license suspension.

Rising incidence of road accidents is expected to propel the global automotive seat belt market growth over the forecast period. High incidence of road accidents across the globe, especially in North America and Europe has boosted the demand for automotive seat belts. According to the National Highway Traffic Safety Administration (NHTSA), 30,057 motor vehicle traffic crashes were reported in the U.S. in 2013, resulting in 32,719 fatalities. Furthermore, according to Coherent Market Insights’ analysis, Number of road casualties in the U.K. increased to 193,290 in 2014 from 185,738 in 2013.

Global Automotive Seat Belt Market: Opportunity 

Various automobile manufacturers are focused on providing three-point seat belts in their vehicles. This is owing to various mandatory laws and regulations imposed by governments worldwide to ensure passenger safety. Major companies in the market can capitalize on these opportunities by providing novel products and gain a competitive edge in the market.

Automotive car manufacturers focus on implementing various seat belt safety systems which include advanced products such as pretensioners, inflatable safety belts, adjustable anchors and load limiters to enhance safety of drivers and passengers. Key players in the market can capitalize on these opportunities and enhance the market presence.

request-sample

Automotive Seat Belt Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 12,300.1 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 5.2% 2028 Value Projection: US$ 18,220.1 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Western Europe: Germany, U.K., France, Italy, and Rest of Western Europe
  • Eastern Europe: Poland, Russia, and Rest of Eastern Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, Israel,  South Africa, North Africa, Central Africa, Rest of Middle East
Segments covered:
  • By Vehicle Type: Passenger Cars, Commercial Vehicles (Light Commercial Vehicles, Heavy Trucks, Buses and Coaches)
  • By Design Type: Belt-in-Seat, Two-point Belts ( Lap Belts), Three-point Belts, Four-point Belts, Five-point Belts, Six-point Belts
  • By Seat Belt Technology: Retractor, Pretensioners, Active Seat Belts, Bag-in-Belts, Load Limiters, Seat Belt Reminder System
Companies covered:

Tokai Rika Co. Ltd., Autoliv Inc., Hyundai Mobis Co. Ltd., ZF TRW Automotive Holdings Corp., Toyoda Gosei Co. Ltd., Takata Corporation, Key Safety Systems Inc., Robert Bosch GMBH, Denso Corporation, and Continental AG.

Growth Drivers:
  • Stringent government regulations regarding vehicular safety 
  • Rising incidence of road accidents
Restraints & Challenges:
  • High cost of new products 
  • Low awareness among car owners

Market Trends

Laws and regulations have imposed by various governments regarding automotive safety through implementation of advanced safety systems in new vehicles being produced. For instance, in Australia, the government established a standard for the requirement of advanced seat belt reminder systems for the driver’s seat in passenger cars, vans and SUVs. Furthermore, this trend is expected to continue during the forecast period.

Seat belt manufacturers tend to focus on development of active safety systems, in order to offer advanced safety to the driver and passengers in vehicles in the event of an accident. For instance, in 2014, ZF TRW launched second-generation Active Control Retractor Seat Belt System in North America which offers better securing of the driver and passenger during impact as compared to conventional seat belts.

Figure 2. Global Automotive Seat Belts Market Share, By Passenger Cars, 2020

Automotive Seat Belt  | Coherent Market Insights

Key Takeaways of the Graph:

  • The passenger cars held dominant position in the market and accounted for 59.5% share in the global automotive seat belts market in 2020. The segment is expected to reach US$ 10,840.9 million in 2028, owing to increasing production of passenger cars
  • The three point accounted for the largest share of 1% in the global automotive seat belts in 2020 and is expected to be valued at US$ 14,594.30 by 2028. This owing to increasing use for reduce injuries

Global Automotive Seat Belt Market- Restraints

High cost of new products is expected to restrain growth of the global automotive seat belt market during the forecast period. Production of new and advanced products is highly expensive, owing to inclusion of newer technologies and fluctuating raw materials cost. Moreover, manufacturers are required to invest heavily in research and development activities, in order to innovate novel products.

Low awareness among car owners is expected to hamper the global automotive seat belt market growth over the forecast period. There is still low awareness regarding benefits of wearing seat belts, especially in emerging economies such as Brazil, India, and Indonesia. Enforcement of passenger safety rules is not exercised stringently. 

Competitive Section

Major companies operating in the global automotive seat belt market are Tokai Rika Co. Ltd., Autoliv Inc., Hyundai Mobis Co. Ltd., ZF TRW Automotive Holdings Corp., Toyoda Gosei Co. Ltd., Takata Corporation, Key Safety Systems Inc., Robert Bosch GMBH, Denso Corporation, and Continental AG.

Key Developments

  1. Key players in the market are focused on collaboration and partnerships, in order to enhance the market presence. For instance, in September 2017, Autoliv Inc. collaborated with Adient, to address vehicle seating challenges presented by designs for the future cars and integration of autonomous driving.
  2. Major companies in the market are involved in research and development activities, in order to gain a competitive edge in the market. For instance, in September 2019, Hyundai Mobis Co. Ltd. developed the ‘Safety Integrated Control Module’ to ensure enhanced efficiency and safety in operating automotive safety devices.

A seat belt is a vehicle safety apparatus designed to secure the driver and passengers of a vehicle against a severe movement that results during a collision or sudden stop. A seat belt reduces the possibility of death or serious injury during a collision by reducing the force of secondary impacts with interior strike hazards. Seat belts have been made mandatory for drivers and passengers in the car in many countries, in order to avoid impact of collisions. There are six different types of seat belts including belt-in-seat, two-point belt, three-point belt, four-point belt, five-point belt, and six-point belt.

Market Dynamics

Rising incidence of road accidents is expected to drive the global automotive seat belt market during the forecast period. According to the Coherent Market insights analysis, in 2019, India witnessed increase in the number of road accident by 0.6%. Further, in 2018, according United Nations report, India accounted for 6% of total world road accidents however, India only accounted for only 1% of world road traffic.

Furthermore, there is increase number of road accidents across the other Asian countries as well. According to World Health Organization, in 2017, around 700 people died every day due to the road accidents in the China. Thus, such high incidence of road accidents is expected to propel the global automotive seat belt market growth in the near future.

Moreover, increasing demand of four wheel vehicles in the APAC market is expected to drive the global automotive market during forecast period. The demand of mid segment vehicles is increasing in the countries like china, India, Vietnam and many others. This is owing to the increasing middle class, in the India and china. According to India brand equity foundation, in 2018, India registered increase 8.3% growth in the vehicle sells compared 2017. Thus, increasing demand of four wheel vehicles in the APAC market is expected to drive the global automotive market during forecast period.  

Key features of the study:

  • This report provides an in-depth analysis of the global automotive seat belt market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2021-2028), considering 2020 as the base year.
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global automotive seat belt market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered in the global automotive seat belt market are PNY Technologies, Inc., SanDisk Corporation, Toshiba Corporation, Transcend Information Inc., Samsung Electronics Co. Ltd., ADATA Technologies Co. Ltd., Sony Corporation, Panasonic Corporation, Micron Technology, Inc., and Kingston Technology Corporation.
  • The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global automotive seat belt market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global automotive seat belt market.

Detailed Segmentation:

  • Global Automotive Seat Belt Market, By Vehicle Type
    • Passenger Cars
    • Commercial Vehicles
      • Light Commercial Vehicles
      • Heavy Trucks
      • Buses and Coaches
  • Global Automotive Seat Belt Market, By Design Type
    • Belt-in-Seat
    • Two-point Belts ( Lap Belts)
    • Three-point Belts
    • Four-point Belts
    • Five-point Belts
    • Six-point Belts
  • Global Automotive Seat Belt Market, By Seat Belt Technology
    • Retractor
    • Pretensioners
    • Active Seat Belts
    • Bag-in-Belts
    • Load Limiters
    • Seat Belt Reminder System
  • Global Automotive Seat Belt Market, By Region:
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • MEA
  • Company Profiles
    • Tokai Rika Co. Ltd.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Autoliv Inc.
    • Hyundai Mobis Co. Ltd.
    • ZF TRW Automotive Holdings Corp.
    • Toyoda Gosei Co. Ltd.
    • Takata Corporation
    • Key Safety Systems Inc.
    • Robert Bosch GMBH
    • Denso Corporation
    • Continental AG.

*Browse all the market data tables and figures on “Global Automotive Seat Belt Market- Forecast to 2028”

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Vehicle Type
      • Market Snippet, By Design Type
      • Market Snippet, By Seat Belt Technology
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
  4. Global Mobile Phone Accessories Market, By Vehicle Type, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Passenger Cars
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Commercial Vehicles
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
        • Light Commercial Vehicles
        • Heavy Trucks
        • Buses and Coaches
  5. Global Mobile Phone Accessories Market, By Design Type, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Belt-in-Seat
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Two-point Belts ( Lap Belts)
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Three-point Belts
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Four-point Belts
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Five-point Belts
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Six-point Belts
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  6. Global Mobile Phone Accessories Market, By Seat Belt Technology, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Retractor
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Pretensioners
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Active Seat Belts
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Bag-in-Belts
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Load Limiters
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Seat Belt Reminder System
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
  7. Global Mobile Phone Accessories Market, By Region, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2028 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Vehicle Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Design Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Seat Belt Technology, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • U.S.
        • Canada
    • Western Europe
      • Regional Trends
      • Market Size and Forecast, By Vehicle Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Design Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Seat Belt Technology, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Rest of Europe
    • Eastern Europe
      • Regional Trends
      • Market Size and Forecast, By Vehicle Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Design Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Seat Belt Technology, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • Poland
        • Russia
        • Rest of Eastern Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Vehicle Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Design Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Seat Belt Technology, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Vehicle Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Design Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Seat Belt Technology, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Vehicle Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Design Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Seat Belt Technology, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  8. Competitive Landscape
    • Company Profiles
      • Tokai Rika Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Autoliv Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Hyundai Mobis Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • ZF TRW Automotive Holdings Corp.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Toyoda Gosei Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Takata Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Key Safety Systems Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Robert Bosch GMBH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Denso Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Continental AG.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  9. Section
    • References   
    • Research Methodology
    • About us and Sales Contact

*Browse XX market data tables and XX figures on “Global Mobile Phone Accessories Market-forecast to 2028”.

FAQgrowicon

Frequently Asked Questions

Stringent government regulations regarding vehicular safety are expected to drive growth of the global automotive seat belt market during the forecast period.
High cost of new products is expected to restrain growth of the market.
The market is expected to be valued at US$ 12,300.1 million in 2021 over the forecast period (2021-2028).
Growing focus on the use of new technologies in vehicles is one of the key in the market.
Low awareness among car owners is expected to hamper the market growth over the forecast period.
Major companies operating in the market are Tokai Rika Co. Ltd., Autoliv Inc., Hyundai Mobis Co. Ltd., ZF TRW Automotive Holdings Corp., Toyoda Gosei Co. Ltd., Takata Corporation, Key Safety Systems Inc., Robert Bosch GMBH, Denso Corporation, and Continental AG.
Existing Clientele

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients

Our Trusted Patner

Subscribe Newsletter

Kindly Subscribe for our latest news & articles.