Automotive Seat Belts Market Size By Type (2-Point Seatbelts, 3-Point Seatbelts), By Vehicle (Passenger Cars, LCV, HCV), By Component (Webbing Strap, Retractors, Buckles, Tongues, Pillar Loops), By Distribution Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026

Published Date: Jul 2020  |  Report ID: GMI1944  |  Authors: Kiran Pulidindi, Akshay Prakash

Report Format: PDF   |   Pages: 250   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Automotive Seat Belts Market size valued at over USD 21.4 Billion in 2019 and will witness around 4.8% CAGR from 2020 to 2026. Increasing driver and passenger safety awareness along with ongoing initiatives to reduce injury severity and fatality rate will support the industry proliferation.
 

Ongoing advancement in safety systems to enhance efficiency will propel the automotive seatbelts industry demand. Market participants are developing system to improve seatbelt for child and reduce cases of seat belts entrapment. In March 2019, Tool Inc, developed a prototype seat belts retractor that reduces the risk of seat belts entrapment. The prototype was developed under Small Business Innovation Research (SBIR) program conducted by the U.S. department of transportation.
 

Automotive Seatbelts Market
Get more details on this report - Request Free Sample PDF
 

Automotive Seat Belts Market Report Coverage
Report Coverage Details
Base Year:2019
Market Size in 2019:21,433.4 Million (USD)
Forecast Period:2020 to 2026
Forecast Period 2020 to 2026 CAGR:4.8%
2026 Value Projection:23,086.2 Million (USD)
Historical Data for:2016 to 2019
No. of Pages:250
Tables, Charts & Figures:525
Segments covered:Type, Component, Vehicle, Distribution Channel
Growth Drivers:
  • Stringent government regulations pertaining to passenger safety
  • Advancement in automotive seatbelt technology
  • Increasing production and demand for passenger vehicles
  • Rising commercial vehicles demand
  • Presence of large number of distributors
Pitfalls & Challenges:
  • Temporary closure of manufacturing facilities owing to COVID-19

Get more details on this report - Request Free Sample PDF
 

Superior safety efficiency to drive 3-point seatbelts demand

3-point seatbelts dominate the market share owing to superior comfort and safety. Moreover, the product offers flexibility in adjustment for pregnant women and children, which will boost the demand for seatbelts.
 

Increasing light commercial vehicle sales to accelerate market revenue generation

Light commercial vehicles segment is projected to register over 3.5% growth through 2026 led by rising vehicle sales across the globe. The proliferating logistic industry along with increasing freight activities is escalating the light commercial vehicles fleet size. Incorporation of seatbelt reminders in these vehicles coupled with frequent launch of new models will drive the automotive seat belts market growth.
 

Technology advancement to boost retractor segment penetration

Automotive Seatbelts Market By Component

Get more details on this report - Request Free Sample PDF
 

In 2019, retractor component segment held more than 35% market share with the development of products including emergency locking retractor (ELR) and automatic locking retractor (ALR). Automotive industry participants are implementing ELR in new vehicle models that will enhance the component penetration.
 

Webbing strap component will experience significant growth during 2020-2026 impelled by its implementation to restrict body movement of the occupant upon impact during collision. The implementation of ultra-high-molecular-weight polyethylene along with high-performance aramids will enhance the webbing strap strength. Industry participants are developing heated seat belts with heated power devices incorporated in webbing strap to enhance the comfort level. Additionally, improved aesthetics of webbing strips will further drive the segment demand.
 

Increasing pre-owned vehicle adoption to escalate revenue generation from aftermarket

The aftermarket segment is predicted to observe notable growth rate during the forecast period due to the replacement of seat belts from older vehicle models along with the development of cost-effective product portfolio. Moreover, retractors of the seat belts system are sensitive and may require a change owing to damages.
 

Asia Pacific to dominate the automotive seat belts market revenue share

Automotive Seatbelts Market Regional Insights

Get more details on this report - Request Free Sample PDF
 

Asia Pacific dominates the industry with over 44% market share in 2019, propelled by increasing vehicle sales and regulation in several countries to install seatbelts in each vehicle. Ongoing initiatives by government entities to spread awareness regarding vehicle safety will escalate the market revenue generation.
 

Technology advancements to emerge as a vital growth strategy

Industry players are investing in R&D to design and develop innovative components for seatbelts to attract consumes. Automotive manufacturers are working with research organizations to develop biometric sensors to predict health condition of the driver.
 

The key automotive seatbelts industry participants include, Ashimori, Autoliv AB, BK Seat Belt Co. Ltd, GWR Co., Hyundai Mobis, Goradia Industries, Tokai Rika, Co, Ltd, Takata Corporation, ZF TRW, and Toyoda Gosei.
 

This market research report on automotive seatbelts includes in-depth coverage of the industry with estimates & forecast in terms of volume in million units and revenue in USD million from 2016 to 2026, for the following segments:
 

Market, By Type

  • 2-point Seatbelt
  • 3-point Seatbelt

Market, By Vehicle

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Market, By Component

  • Webbing strap
  • Retractor
  • Buckle
  • Tongue
  • Pillar Loop

Market, By Distribution Channels

  • OEM
  • Aftermarket

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Germany
    • Italy
    • Spain
    • UK
    • Russia
    • Poland
    • Netherlands
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
    • Australia
    • Indonesia
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Chile
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Iran
    • South Africa
       

Frequently Asked Questions (FAQ) :

The market size of automotive seat belts was valued USD 21.4 billion in 2019.
The industry share of automotive seat belts is projected to witness more than 4.8% growth rate during 2020 to 2026.
The COVID-19 pandemic has dented the market growth of automotive seatbelts due to various lockdown measures implemented worldwide, impacting production activities in the automobile sector.
Light commercial vehicles segment is projected to record over 3.5% growth by 2026 given to robust growth in the logistic sector and increasing freight activities.
The retractor components segment held over 35% market share in 2019 owing to the development of key safety products like automatic locking retractor (ALR).
Asia Pacific is considered to be a lucrative terrain for automotive seatbelt manufacturers and accounted for over 44% industry share in 2019.
Hyundai Mobis, Goradia Industries, Ashimori, Tokai Rika, Co, Ltd, ZF TRW, Takata Corporation, and Toyoda Gosei are some of the key players in the market.

Premium Report Details

  • Published Date: Jul 2020
  • Pages: 250
  • Tables: 514
  • Charts / Figures: 11
  • Companies covered: 12
  • Countries covered: 25

Get a report that explains COVID-19 impact on this market

Buy Now

Need a Discount? Get in touch with us for special pricing

Request Discount

 Connect with our sales team

Chat with us
We use cookies to enhance user experience. (Privacy Policy) X