Automotive Seat Belt Market, By Vehicle Typ, By Design Type, By Seat Belt Technology, By Region - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

A seat belt is a vehicle safety apparatus designed to secure the driver and passengers of a vehicle against a severe movement that results during a collision or sudden stop. A seat belt reduces the possibility of death or serious injury during a collision by reducing the force of secondary impacts with interior strike hazards. Seat belts have been made mandatory for drivers and passengers in the car in many countries, in order to avoid impact of collisions. There are six different types of seat belts including belt-in-seat, two-point belt, three-point belt, four-point belt, five-point belt, and six-point belt.

Market Dynamics

Rising incidence of road accidents is expected to drive the global automotive seat belt market during the forecast period. According to analysis, in 2019, India witnessed increase in the number of road accident by 0.6%. Further, in 2018, according United Nations report, India accounted for 6% of total world road accidents however, India only accounted for only 1% of world road traffic.

Furthermore, there is increase number of road accidents across the other Asian countries as well. According to World Health Organization, in 2017, around 700 people died every day due to the road accidents in the China. Thus, such high incidence of road accidents is expected to propel the global automotive seat belt market growth in the near future.

Moreover, increasing demand of four wheel vehicles in the APAC market is expected to drive the global automotive market during forecast period. The demand of mid segment vehicles is increasing in the countries like china, India, Vietnam and many others. This is owing to the increasing middle class, in the India and china. According to India brand equity foundation, in 2018, India registered increase 8.3% growth in the vehicle sells compared 2017. Thus, increasing demand of four wheel vehicles in the APAC market is expected to drive the global automotive market during forecast period.

Key features of the study:

• This report provides an in-depth analysis of the global automotive seat belt market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2021-2028), considering 2020 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the global automotive seat belt market based on the following parameters - regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered in the global automotive seat belt market are PNY Technologies, Inc., SanDisk Corporation, Toshiba Corporation, Transcend Information Inc., Samsung Electronics Co. Ltd., ADATA Technologies Co. Ltd., Sony Corporation, Panasonic Corporation, Micron Technology, Inc., and Kingston Technology Corporation.
• The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
• The global automotive seat belt market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global automotive seat belt market.

Detailed Segmentation:

Global Automotive Seat Belt Market, By Vehicle Type

• Passenger Cars
• Commercial Vehicles
• Light Commercial Vehicles
• Heavy Trucks
• Buses and Coaches

Global Automotive Seat Belt Market, By Design Type

• Belt-in-Seat
• Two-point Belts ( Lap Belts)
• Three-point Belts
• Four-point Belts
• Five-point Belts
• Six-point Belts

Global Automotive Seat Belt Market, By Seat Belt Technology

• Retractor
• Pretensioners
• Active Seat Belts
• Bag-in-Belts
• Load Limiters
• Seat Belt Reminder System

Global Automotive Seat Belt Market, By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• MEA

Company Profiles

• Tokai Rika Co. Ltd.
• Company Overview
• Product Portfolio
• Financial Performance
• Key Strategies
• Recent Developments
• Future Plans
• Autoliv Inc.
• Hyundai Mobis Co. Ltd.
• ZF TRW Automotive Holdings Corp.
• Toyoda Gosei Co. Ltd.
• Takata Corporation
• Key Safety Systems Inc.
• Robert Bosch GMBH
• Denso Corporation
• Continental AG.