Automotive Seat Belt Market Trend Report

Market Insights

Automotive Seat Belts Market is likely to witness a CAGR of 4.5% during the forecast period. Growing awareness regarding safety of passengers coupled with ongoing initiatives to minimize injury severity and fatality rate, increasing enhancements in safety systems to improve their efficiency, growing production and demand for passenger vehicles, and presence of a large number of distributors are some of the major factors driving the market growth during the forecast period.

Segments' Analysis

Wish to Get a Free Sample? Register Here

Automotive Seat Belts Market Share: By Type

Based on the type, the market is segmented as 2-point seat belts and 3-point seat belts. 3-point seat belts are estimated to be the dominant segment of the market owing to superior comfort and safety efficiency offered by them. These seat belts also offer flexibility in adjustment for pregnant women and children, accelerating the growth of the segment during the forecast period.

Automotive Seat Belts Market Share: By Vehicle Type

Based on the vehicle type, the market is segmented as PCV, LCV, and HCV. LCV is estimated to witness significant growth owing to increasing vehicle sales globally during the forecast period. Factors such as growing logistic industry coupled with increasing freight activities, boosting the LCVs’ fleet size and frequent launch of new models with incorporation of seatbelt reminders in these vehicles are expected to fuel the market growth during the forecast period.

Automotive Seat Belts Market Share: By Component Type

Based on the component type, the market is segmented as webbing straps, retractors, buckles, tongues, and pillar loops. Retractor component accounted for over 35% share of the market in 2020 owing to the development of products including emergency locking retractors and automatic locking retractors. Implementation of emergency locking retractors in new vehicle models by the automotive industry players is further expected to boost the segment’s growth during the forecast period.

On the other hand, the webbing strap segment is estimated to witness significant growth rate in the market owing to its implementation for restricting the body movement of the occupant upon impact during collision. Factors such as the application of ultra-high-molecular-weight polyethylene coupled with high-performance aramids and development of heated seat belts with heated power devices are further expected to fuel the market growth over the forecast period.

Automotive Seat Belts Market Share: By Distribution Channel Type

Based on the distribution channel type, the market is segmented as OEM and aftermarket. The aftermarket distribution channel is projected to register higher growth rate in the market during the forecast period owing to the increasing adoption of pre-owned vehicles. The replacement of seat belts from older vehicle models coupled with development of cost-effective products is further expected to accelerate the segment’s growth over the forecast period.

Automotive Seat Belts Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the dominating region in the market during the forecast period owing to the growing vehicle sales and regulation in various countries for installing seatbelts in each vehicle. Moreover, ongoing investments made by the government authorities to spread awareness regarding vehicle safety is further expected to fuel the growth of the regional market over the forecast period. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.  

Know which region offers best growth opportunities. Register Here

Market Scope & Segmentation

Seat belt, also known as safety belt is basically a safety harness designed to safeguard the occupant of a vehicle from any harmful movement which may be a resultant of a sudden stop or a collision.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The automotive seat belts market is segmented into the following categories.

Automotive Seat Belts Market Size, Share, & Forecast, by Type:

• 2-point Seat Belts (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• 3-point Seat Belts (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Automotive Seat Belts Market Size, Share, & Forecast, by Vehicle Type:

• PCV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• LCV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• HCV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Automotive Seat Belts Market Size, Share, & Forecast, by Component Type:

• Webbing Straps (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Retractors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Buckles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Tongues (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Pillar Loops (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Automotive Seat Belts Market Size, Share, & Forecast, by Distribution Channel Type:

• OEM (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Automotive Seat Belts Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Want to know the most attractive market segments? Register Here

Key Players

Some of the key players in the automotive seat belts market are-

• Ashimori Industry Co., Ltd.
• BK Seat Belt
• Continental AG
• Goradia Industries
• Hyundai Mobis Co., Ltd.
• Joyson Safety Systems
• Ningbo BX Automotive Co., Ltd.
• Tokai Rika Co., Ltd.
• Toyoda Gosei Co., Ltd.
• ZF TRW Automotive Inc.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the vehicle types by distribution channel type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.