Global automotive seat belts market is estimated to witness significant growth over the coming years owing to the steadily rising adoption of passenger vehicles throughout the world. Increasing awareness about passenger safety as well as the introduction of numerous stringent regulations and road safety awareness programs across the globe would further complement the industry growth through the forecast timeframe.
Ongoing technological advancements by automobile manufacturers to provide greater convenience while also increasing the level of safety would positively impel automotive seat belts market outlook further. Citing an instance, in March 2019, Tool Inc., a renowned product design and development company, collaborated with the U.S. National Highway Traffic Safety Administration, to develop ALR (Automatic Locking Retractor), a unique seatbelt design that includes a safety feature that holds a child car seat in place and reduce the seatbelt entrapment risk.
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With respect to type, the industry is classified into 3-point, and 2-point seatbelts. Among these, the higher flexibility and simpler operation of 3-point seatbelts are likely to fuel their demand over the coming years. Additionally, greater safety and suitability with inertia locking belt retractor mechanism would further augment the product adoption over the forthcoming years.
Moreover, the 3-point seatbelts also provide a higher level of protection and effectively minimize fatalities within passengers in the center rear seat across both light passenger and commercial vehicles, which is increasing their demand in the automotive industry.
Geographically, stringent rules imposed by several local governments towards the use of seatbelts, for both rear and front-seat passengers, are impelling the Europe automotive seat belts market size. Additionally, retrofit norms imposed by a number of regional governments across nations like Italy would positively impel the regional market size over the analysis period. All-in-all, an increase in the number of regional vehicle sales and the development of more safe seat belts is expected to fuel the market share across Europe.
Apart from Europe, numerous other regions are increasingly tightening their respective road safety laws to curb road accident related fatalities. Increasingly stringent road safety norms introduced across other nations are expected to create immense growth opportunities for the market. Citing an instance, in July 2019, the Government of India passed a new act that mandated the use of seatbelts through the way of imposing heavy fines for people not following the new law. Such growing awareness is expected to shape the industry landscape over the forthcoming years.
The competitive landscape of the global automotive seat belts market is inclusive of players such as Toyoda Gosei, Takata Corporation, ZF TRW, Hyundai Mobis, Tokai Rika, Goradia Industries, Autoliv AB, BK Seat Belt, Ashimori and GWR Co. among others.
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Partial Chapter of the Table of Content
Chapter 4 Automotive Seat Belts Market, By Type
4.1 Market share by type, 2019 & 2026
4.1.1 2-Point Seat belts
4.1.1.1 Market estimates and forecast from 2-point seat belts, 2016 - 2026, (Million Units) (USD Million)
4.1.1.2 Market estimates & forecast from 2-point seat belts, by region, 2016 – 2026 (Million Units) (USD Million)
4.1.2 3-Point Seat belts
4.1.2.1 Market estimates and forecast from 3-point seat belts, 2016 - 2026, (Million Units) (USD Million)
4.1.2.2 Market estimates & forecast from 3-point seat belts, by region, 2016 – 2026 (Million Units) (USD Million)
Chapter 5 Automotive Seat Belts Market, By Vehicle
5.1 Market share by vehicle, 2019 & 2026
5.1.1 PCV
5.1.1.1 Market estimates and forecast from PCV, 2016 - 2026, (Million Units) (USD Million)
5.1.1.2 Market estimates & forecast from PCV, by region, 2016 – 2026 (Million Units) (USD Million)
5.1.2 LCV
5.1.2.1 Market estimates and forecast from LCV, 2016 - 2026, (Million Units) (USD Million)
5.1.2.2 Market estimates & forecast from LCV, by region, 2016 – 2026 (Million Units) (USD Million)
5.1.3 HCV
Charts & Figures
FIG. 1 Automotive seat belts market segmentation
FIG. 2 Industry landscape, (Million Units) (USD Million), 2016 - 2026
FIG. 3 Industry ecosystem analysis
FIG. 4 Growth potential analysis, 2019
FIG. 5 Porter’s analysis
FIG. 6 PESTLE analysis
FIG. 7 Market volume share by type, 2019 & 2026
FIG. 8 Automotive seat belts market volume share by vehicle, 2019 & 2026
FIG. 9 Market volume share by component, 2019 & 2026
FIG. 10 Automotive seat belts market volume share by distribution channel, 2019 & 2026
FIG. 11 Market share by region, 2019 & 2026
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