Automotive Seat Belts Market To Witnessed An Appreciable Growth By 2026
North America is anticipated to offer lucrative scope for automotive seat belts market over the forecast timeline. Increasing R&D investments to advance automotive safety features coupled with ongoing initiatives to advance efficient safety belt technologies have been witnessed in the region. Programs such as SBIR (Small Business Innovation Research) are supporting industry players across the region to develop new designs and prototypes in order to advance the safety features.
Moreover, adoption of seatbelts is higher across the region due to rapid technological advancements supported by U.S. government regulations. Regulatory bodies across the region are encouraging implementation of seatbelts for vehicle occupant’s safety, hence boosting product proliferation.
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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.
Automotive manufacturers are implementing multiple safety systems to ensure passenger and driver safety. Growing adoption of safety seatbelts in global automotive sector, is estimated to transform automotive seat belts market trends over the forecast timespan
Moreover, stringent rules imposed by regulatory bodies across nations pertaining to occupant’s safety are anticipated to boost automotive seat belts market share. For instance, European Union announced the adoption of UNECE regulation that mandates installation of seatbelt reminders for all front and rear seats.
New innovations in seatbelts including inflated seatbelts that offers higher safety by providing instant protection to rear passenger will further fuel product integration. These new technologies enable seatbelts to act as small airbag for providing protection against accident impacts. Passengers with fragile bones such as children and aged people on the rear seat are more vulnerable to head, chest and neck injuries.
The new seatbelts can absorb the most severe impacts, without letting the occupant get affected. With such superior product attributes, automotive seat belts market is anticipated to witness exponential growth over the analysis period.
PCV segment is anticipated to dominate automotive seat belts market share over 2019-2025. Expansive boost in the PCV automotive seatbelts industry segment can be attributed to surge in passenger vehicle sales across the globe.
In addition, introduction of new passenger vehicle models with advanced safety features will further augment automotive seat belts market size. For instance, in 2019, Tata Motors launched Tata Harrier in the SUV segment, offering advanced safety features including airbags and seat-belt reminder.
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 Market volume share by vehicle, 2019 & 2026
FIG. 9 Market volume share by component, 2019 & 2026
FIG. 10 Market volume share by distribution channel, 2019 & 2026
FIG. 11 Market share by region, 2019 & 2026
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