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Automotive Seat Belts Market Size

  • Report ID: GMI1944
  • Published Date: Mar 2022
  • Report Format: PDF

Automotive Seat Belts Market Size

Automotive Seat Belts Market size exceeded USD 18.34 million in 2021 and will exhibit a growth rate of 3.5% from 2022 to 2028. The increasing consumer awareness about safety features and the rising demand for advanced safety features in passenger & commercial vehicles are expected to contribute to the market growth

 

 

Increasing automobile production, developments in seat belt technology, demand for passive safety systems, and the introduction of stringent safety regulations & standards will boost the automotive seat belts industry growth in the next few years. Rising consumer awareness pertaining to vehicle safety is escalating the product demand. The seat belt reminder systems with alarm for rear seats is a key trend that will upsurge the market demand

 

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of automotive seat belts crossed USD 18.34 million in 2021 and is poised to record a growth rate of over 3.5% through 2028, according to GMI report.

The market revenue from the OEM segment is poised to witness a CAGR of more than 3.6% between 2022 and 2028 owing to the expanding automotive production and the presence of stringent government regulations.

Retractor components are likely to hold over 35% of the revenue share by 2028 led by the higher need for passenger comfort.

The Asia Pacific market is expected to record close to 300 million units, in volume, by 2028 driven by the rising vehicle sales in the region.

Automotive Seat Belts Market Scope

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 11
  • Tables & Figures: 272
  • Countries covered: 19
  • Pages: 330
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