Automotive Seat Belts Market Size By Type (2 Point Seatbelt, 3 Point Seatbelt), By Vehicle (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles), 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, 2019 – 2025

Published Date: May 2019  |  Report ID: GMI1944  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 250   |   Base Year: 2018

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Automotive Seat Belts Market size valued at USD 7 billion in 2018 and is expected to grow at over 6% CAGR from 2019 to 2025.

Automotive Seat Belts Market

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Increasing awareness regarding passenger and driver safety will drive the automotive seat belts market size over the study timeframe. The belts are highly efficient in preventing and reducing injuries in accidents. According to Australasian New Car Assessment Program (ANCAP), approximately 90% vehicle accidents involves some form of human error and seat belts increases survival chances in crash situation. Moreover, automobile manufacturers are equipping vehicles with multiple safety features thereby escalating the industry growth.

Rising vehicle ownership in both developed and emerging nations is propelling the automotive seat belts market share. According to International Organization of Motor Vehicle Manufacturers (OICA), in 2017, passenger car sales increased by over 11.5% as compared to 2013. Growing vehicle sales along with proposed mandate for safety belt reminder systems in some region such as Europe will boost the market growth. Further, easy retrofitting of these systems in vehicle will support product penetration in next six years.

Emergence of government legislations to reduce fatal injury cases and enhance passenger safety in enhancing the incorporation of safety system. In June 2017, Mississippi announced the compulsion to wear protective belts in car, truck, and SUV. Moreover, the regulatory are imposing penalty for non-adherence to the legislations. Such initiatives will drive the automotive seat belts market size over the study timeframe.

Industry participants are upgrading the product offerings to enhance efficiency and safety. In March 2019, Tool, Inc. under Small Business Innovation Research (SBIR) program designed and developed the prototype retractors including buckle control, buckle-knob control, and buckle-button control to ensure lockability and minimizing entrapment risk in case of misuse conditions. Ongoing advancements to augment efficiency will propel the market growth.

Introduction of innovative systems including V2V communications and ADAS require sensors in belts thereby supporting product demand. Advanced products such as inflatable seat belts combine seat belt and air bag technology to offer additional passive level of protection during crash. The inflatable seatbelt is developed to reduce the pressure on chest and provide more head and neck motion in rear seat passengers. Additionally, it reduces the injury intensity by distributing crash force energy across the occupant’s body. These developments will increase the market penetration over study timeframe.

Automotive Seat Belts Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 7 Billion (USD)
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Forecast Period 2019 to 2025 CAGR: 6% 2025 Value Projection: 10 Billion (USD)
Pages: 250 Tables, Charts & Figures: 522
Geographies covered (25): U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, Netherlands, China, India, Japan, Australia, South Korea, Thailand, Indonesia, Brazil, Mexico, Argentina, Chile, UAE, Saudi Arabia, South Africa, Iran
Segments covered: Type, Vehicle, Component, Distribution Channel and Region
Companies covered (12): Ashimori, BK Seat Belt Co. Ltd, Autoliv AB, GWR Co., Goradia Industries, Hyundai Mobis, KSS, Nihon Plast, Takata Corporation, Toyoda Gosei, Tokai Rika, Co, Ltd, ZF TRW
Growth Drivers:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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Automotive Seat Belts Market, By Type

2-point automotive seat belts market share will witness significant growth owing to availability in custom lengths, multiple colour combinations and variation such as chrome latches. Low construction cost and its implementation for rear passengers will enhance segment penetration. However, higher risk of injuries associated as compared to 3-point system will restrict segment growth in next six years.

In 2018, 3-point held around 85% share of the market size owing to improved safety and superior comfort. The product offers higher strap capacity with minimum clearance. Increasing flexibility for belt adjustment for children and pregnant women will induce significant growth potential in industry landscape. Additionally, mandatory adoption of the system in passenger cars will further enhances the product demand.

Automotive Seat Belts Market, By vehicle

Passenger vehicle seat belt market share will foresee strong growth owing to rising vehicle adoption and introduction of new vehicle models. Increasing consumer spending and easy finance availability are escalating vehicle ownership. The automotive industry participants are introducing upgraded vehicles with advanced safety features to serve larger consumer base. For instance, in April 2019 Renault India launched upgraded Captur model with multiple safety features including height adjustable belt and reminder.

Light commercial vehicle holds significant share in the automotive seat belts market size owing to proliferating logistics industry. Increasing freight activities across the globe is generating vehicle demand. According to OICA, in 2018, LCV grew by over 5.5% as compared to 2017. Heavy commercial vehicles are at nascent stage and will showcase significant growth to reduce crash fatalities and injury severity.

Automotive Seat Belts Market, By Component

China Automotive Seatbelt Market By Component

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Webbing strap holds substantial share in the market owing to its implementation to support the person upon impact. The improved aesthetics of webbing strips along with incorporation of ultra-high-molecular-weight polyethylene and high-performance aramids will support segment penetration. Additionally, manufactures are developing heated seat belts with electric powered devices incorporated in webbing straps.

Retractor will witness significant growth owing to development of new active control retractors (ACR) that enhances the passenger safety at critical situations. The ACRs combines passive and active vehicle safety that works in conjunction with autonomous emergency braking (AEB) system to keep occupant in required positions.

Automotive Seat Belts Market, By Distribution Channel

OEM dominates the automotive seat belts market size with its implementation during vehicle fabrication. The dominance can further be attributed to increasing production of vehicles coupled with mandatory requirement by several countries to incorporate products in new vehicles. New vehicle launches with advanced safety features will support the industry growth over study timeframe.

The aftermarket will grow considerably in the market owing to development of low-cost seat belt technologies. For instance, in February 2016, University of Massachusetts Amherst, College of Engineering developed retrofit belt for mini-buses and coaches. The new design allows owners of vehicle to install safety belt with one third to half of original cost. Additionally, increasing replacement requirements from old age vehicles will drive the product demand.

Automotive Seat Belts Market, By Region

Asia Pacific Automotive Seatbelt Market By Country

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Asia Pacific dominates the market size with increasing vehicle sales along with emergence of regulation to adopt 100% usage of safety belts in vehicles. Increasing vehicle manufacturing facilities across the region will drive product demand. Middle East & Africa is at nascent stage and will foresee substantial growth with adaption of luxury vehicles.

North America automotive seat belts market size will witness significant growth owing to mandatory seatbelt requirement in vehicles. Development of several safety programs including 5-Star Safety Ratings Program to enhance passenger and driver safety is escalating industry growth. For instance, in May 2016, National Highway Traffic Safety Administration (NHTSA) announced testing for safety of rear seats.

Competitive Market Share

Automotive seat belt market players consist of Takata Corporation, Autoliv AB, ZF TRW, Toyoda Gosei Co. Ltd., Nihon Plast, Hyundai Mobis Co. Ltd., Ashimori, and KSS. The seatbelt manufacturers are expanding their production facilities to capture growing product demand. For instance, in January 2016, Takata Corporation announced expansion of seat belt plant with USD 18 million investments.

The industry participants are testing the new developed products against the stringent crash tests to ensure the compliance with the new safety regulations. The long-term contracts with automotive manufacturers and R&D investment to develop new products are the growth strategies adopted by the manufacturers to enhance the market share.


Industry Background  

Automotive seat belts demand is gaining momentum across the globe owing to rising awareness about passenger safety and government initiatives to minimize vehicle crash fatalities. Supervisory bodies including American Society for Testing and Materials (ASTM) and Automotive Research Association of India (ARAI) are providing safety standards for seatbelt assemblies. The development of new safety belts reminding technologies will further propel the market share over the projected timeframe.

Frequently Asked Questions (FAQ) :

APAC is expected to depict massive market demand owing to increasing vehicle sales, emergence of strict regulations regarding 100% usage of seat belts in vehicles, and rising vehicle production facilities.
Key market players consist of Takata Corporation, Autoliv AB, ZF TRW, Toyoda Gosei Co. Ltd., Nihon Plast, Hyundai Mobis Co. Ltd., Ashimori, and KSS.
Demand for 2-point automotive seat belts would likely increase at an immense pace due to availability in multiple color combinations, custom lengths, and variation like chrome latches.

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Premium Report Details

  • Published Date: May 2019
  • Pages: 250
  • Tables: 511
  • Charts / Figures: 11
  • Companies covered: 12
  • Countries covered: 25

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