• Blog
  • Automotive Seat Belts Market Growth Analysis | 2023-2028

    Automotive Seat Belts Market Growth Analysis | 2023-2028

    Automotive Seat Belts Market Growth Analysis | 2023-2028
    Report code - SRTI109 Delivery - 2 Weeks
    Automotive Seat Belts Market Size, Share, Trend, Forecast & Industry Analysis: 20 See more...

    Market Insights

    The Automotive Seat Belts Market was estimated at US$ 18.12 million in 2022 and is expected to grow at a CAGR of 3.6% during 2023-2028 to reach US$ 22.47 million in 2028.

    Wish to get a free sample? Register Here

    What are Automotive Seat Belts?

    Automotive seat belts are essential safety devices in vehicles. They consist of a sturdy strap and buckle, securing occupants in their seats during accidents or sudden stops. Seat belts serve to restrain movement, distribute collision forces across the body, reduce inertia, and complement airbag protection. Their primary purpose is to minimize injuries and save lives in vehicular accidents. Wearing seat belts is legally mandated in most countries due to their proven effectiveness in preventing severe injuries and fatalities on the road. These simple yet crucial restraints are a vital part of modern vehicle safety systems, emphasizing the importance of buckling up every time you get into a car.

    Market Dynamics

    Growing awareness regarding the 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 the presence of a large number of distributors are some of the major factors driving the market growth during the forecast period.

    Segments Analysis

    Want to get more details about the segmentations? Register Here

    By Type

    The automotive seat belts market is segmented into 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.

    By Vehicle Type

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

    By Component Type

    The market is segmented as webbing straps, retractors, buckles, tongues, and pillar loops. Retractor components accounted for over 35% share of the market 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 a 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 the development of heated seat belts with heated power devices are further expected to fuel the market growth over the forecast period.

    By Distribution Channel Type

    The market is segmented as OEM and aftermarket. The aftermarket distribution channel is projected to register a 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 the development of cost-effective products is further expected to accelerate the segment’s growth over the forecast period.

    Regional Analysis

    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 are 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.

    Want to know which region offers the best growth opportunities? Register Here

    Key Players

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

    Research Methodology

    This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, 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 qualitative and quantitative insights.

    Report Features

    This report provides market intelligence most comprehensively. 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.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Automotive Seat Belts Market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Who are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Customization Option

    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 product types by application 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 to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The Automotive Seat Belts Market is expected to grow at a CAGR of 3.6% during 2023-2028.

    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., and ZF TRW Automotive Inc. are among the key players in the Automotive Seat Belts Market.

    The Automotive Seat Belts Market was estimated at US$ 18.12 million in 2022 and is expected to reach US$ 22.47 million in 2028.

    Asia-Pacific is estimated to be the dominating region in the automotive seat belt market during the forecast period.

    LCV is estimated to witness significant growth in the automotive seat belt market in the coming years.

    3-point seat belts are expected to remain dominant in the automotive seat belt market during the next five years.

    The aftermarket distribution channel is expected to register higher growth in the automotive seat belt market in the coming years.


      Why are We Class Apart?

      We Track Fast-Changing Market Dynamics for Clients

      Our Intelligence is Powered by Industry Voice

      >60% of the First Buyers Come Back to Us

      >95% Client Satisfaction Ratio, the Industry's Highest

      We Serve Companies Across the Value Chain

      Know High Growth Opportunities