This report describes and explains the automotive seat belts market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global automotive seat belts market reached a value of nearly $13.77 billion in 2023, having grown at a compound annual growth rate (CAGR) of 2.7% since 2018. The market is expected to grow from $13.77 billion in 2023 to $17.92 billion in 2028 at a rate of 5.4%. The market is then expected to grow at a CAGR of 5.9% from 2028 and reach $23.91 billion in 2033.
Growth in the historic period resulted from the expansion of the automotive industry, increased disposable income, stringent government regulations and laws and an increase in awareness of passenger safety. Factors that negatively affected growth in the historic period include economic uncertainties or downturns.
Going forward, the increasing number of road accidents, growing popularity of electric vehicles, increasing urbanization, expanding road infrastructure and growing demand for autonomous vehicles will drive the market. Factors that could hinder the growth of the automotive seat belts market in the future include high production costs.
The automotive seat belts market is segmented by seat belt type into three-point, five-point and other seat belt types. The three-point market was the largest segment of the automotive seat belts market segmented by seat belt type, accounting for 82.7% or $11.38 billion of the total in 2023. Going forward, the five-point segment is expected to be the fastest growing segment in the automotive seat belts market segmented by seat belt type, at a CAGR of 6.5% during 2023-2028.
The automotive seat belts market is segmented by technology into pretensioner automotive seatbelts, retractor automotive seatbelts, active automotive seatbelts, inflatable automotive seatbelts, load limiter automotive seatbelts and reminder automotive seatbelts. The pretensioner automotive seatbelts market was the largest segment of the automotive seat belts market segmented by technology, accounting for 39% or $5.37 billion of the total in 2023. Going forward, the active automotive seatbelts segment is expected to be the fastest growing segment in the automotive seat belts market segmented by technology, at a CAGR of 7.4% during 2023-2028.
The automotive seat belts market is segmented by sales channel into original equipment manufacturer (OEM) and aftermarket. The original equipment manufacturer (OEM) market was the largest segment of the automotive seat belts market segmented by sales channel, accounting for 76% or $10.46 billion of the total in 2023. Going forward, the aftermarket segment is expected to be the fastest growing segment in the automotive seat belts market segmented by sales channel, at a CAGR of 6% during 2023-2028.
The automotive seat belts market is segmented by vehicles into passenger cars and commercial vehicles. The passenger cars market was the largest segment of the automotive seat belts market segmented by vehicles, accounting for 64.9% or $8.93 billion of the total in 2023. Going forward, the commercial vehicles segment is expected to be the fastest growing segment in the automotive seat belts market segmented by vehicles, at a CAGR of 6.1% during 2023-2028.
Asia-Pacific was the largest region in the automotive seat belts market, accounting for 35.6% or $4.89 billion of the total in 2023. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the automotive seat belts market will be Asia-Pacific and Africa, where growth will be at CAGRs of 6.9% and 6.6% respectively. These will be followed by the Middle East and South America, where the markets are expected to grow at CAGRs of 6.1% and 5.6% respectively.
The global automotive seat belts market is highly concentrated, with large players operating in the market. The top ten competitors in the market made up to 73.95% of the total market in 2023. Autoliv Inc. was the largest competitor with a 24.83% share of the market, followed by ZF Friedrichshafen AG with 18.62%, Joyson Safety Systems with 9.87%, Toyoda Gosei Co. Ltd. with 5.59%, Continental AG with 3.92%, Hyundai Mobis Co. Ltd. with 3.18%, Robert Bosch GmbH with 2.23%, Aisin Corporation with 2.14%, Aptiv plc with 2.07% and Stellantis NV with 1.50%.
The top opportunities in the automotive seat belts market segmented by seat belt type will arise in the three-point segment, which will gain $3.43 billion of global annual sales by 2028. The top opportunities in the automotive seat belts market segmented by technology will arise in the pretensioner automotive seatbelts segment, which will gain $1.5 billion of global annual sales by 2028. The top opportunities in the automotive seat belts market segmented by sales channel will arise in the original equipment manufacturer (OEM) segment, which will gain $3.03 billion of global annual sales by 2028. The top opportunities in the automotive seat belts market segmented by vehicles will arise in the passenger cars segment, which will gain $2.49 billion of global annual sales by 2028. The automotive seat belts market size will gain the most in China at $984.7 million.
Market-trend-based strategies for the automotive seat belts market include introduction of advanced seat belt technology for enhancing vehicle safety and compliance, upgrading three-point seat belts with focus on enhancing safety features, integrating advanced heating technology solutions in seat belts to optimize vehicle performance in cold conditions, strategic partnerships and collaborations among major players and boosting road safety with integrated seatbelt reminder technology.
Player-adopted strategies in the automotive seat belts market include focus on strategic partnerships to develop innovative technologies that enhance product safety and performance, developing adaptive safety systems to meet regulatory standards and enhance vehicle safety, forming strategic joint ventures to expand product offerings and increase market share in high-growth regions and integrating technologies and resources to enhance safety systems, meeting stricter safety regulations and demands of electric and autonomous vehicles.
To take advantage of the opportunities, the analyst recommends the automotive seat belts companies to focus on advanced seat belt technology, focus on enhancing three-point seat belt safety features, focus on integrating heated seat belts for electric vehicles, focus on integrated seatbelt reminder technology, focus on the five-point seat belt segment, focus on active automotive seatbelts segment, expand in emerging markets, focus on diversifying distribution channels for market expansion, focus on strategic partnerships for seat belt innovation, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, prioritize technical webinars for thought leadership, focus on the aftermarket segment and focus on the commercial vehicles segment.
The global automotive seat belts market reached a value of nearly $13.77 billion in 2023, having grown at a compound annual growth rate (CAGR) of 2.7% since 2018. The market is expected to grow from $13.77 billion in 2023 to $17.92 billion in 2028 at a rate of 5.4%. The market is then expected to grow at a CAGR of 5.9% from 2028 and reach $23.91 billion in 2033.
Growth in the historic period resulted from the expansion of the automotive industry, increased disposable income, stringent government regulations and laws and an increase in awareness of passenger safety. Factors that negatively affected growth in the historic period include economic uncertainties or downturns.
Going forward, the increasing number of road accidents, growing popularity of electric vehicles, increasing urbanization, expanding road infrastructure and growing demand for autonomous vehicles will drive the market. Factors that could hinder the growth of the automotive seat belts market in the future include high production costs.
The automotive seat belts market is segmented by seat belt type into three-point, five-point and other seat belt types. The three-point market was the largest segment of the automotive seat belts market segmented by seat belt type, accounting for 82.7% or $11.38 billion of the total in 2023. Going forward, the five-point segment is expected to be the fastest growing segment in the automotive seat belts market segmented by seat belt type, at a CAGR of 6.5% during 2023-2028.
The automotive seat belts market is segmented by technology into pretensioner automotive seatbelts, retractor automotive seatbelts, active automotive seatbelts, inflatable automotive seatbelts, load limiter automotive seatbelts and reminder automotive seatbelts. The pretensioner automotive seatbelts market was the largest segment of the automotive seat belts market segmented by technology, accounting for 39% or $5.37 billion of the total in 2023. Going forward, the active automotive seatbelts segment is expected to be the fastest growing segment in the automotive seat belts market segmented by technology, at a CAGR of 7.4% during 2023-2028.
The automotive seat belts market is segmented by sales channel into original equipment manufacturer (OEM) and aftermarket. The original equipment manufacturer (OEM) market was the largest segment of the automotive seat belts market segmented by sales channel, accounting for 76% or $10.46 billion of the total in 2023. Going forward, the aftermarket segment is expected to be the fastest growing segment in the automotive seat belts market segmented by sales channel, at a CAGR of 6% during 2023-2028.
The automotive seat belts market is segmented by vehicles into passenger cars and commercial vehicles. The passenger cars market was the largest segment of the automotive seat belts market segmented by vehicles, accounting for 64.9% or $8.93 billion of the total in 2023. Going forward, the commercial vehicles segment is expected to be the fastest growing segment in the automotive seat belts market segmented by vehicles, at a CAGR of 6.1% during 2023-2028.
Asia-Pacific was the largest region in the automotive seat belts market, accounting for 35.6% or $4.89 billion of the total in 2023. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the automotive seat belts market will be Asia-Pacific and Africa, where growth will be at CAGRs of 6.9% and 6.6% respectively. These will be followed by the Middle East and South America, where the markets are expected to grow at CAGRs of 6.1% and 5.6% respectively.
The global automotive seat belts market is highly concentrated, with large players operating in the market. The top ten competitors in the market made up to 73.95% of the total market in 2023. Autoliv Inc. was the largest competitor with a 24.83% share of the market, followed by ZF Friedrichshafen AG with 18.62%, Joyson Safety Systems with 9.87%, Toyoda Gosei Co. Ltd. with 5.59%, Continental AG with 3.92%, Hyundai Mobis Co. Ltd. with 3.18%, Robert Bosch GmbH with 2.23%, Aisin Corporation with 2.14%, Aptiv plc with 2.07% and Stellantis NV with 1.50%.
The top opportunities in the automotive seat belts market segmented by seat belt type will arise in the three-point segment, which will gain $3.43 billion of global annual sales by 2028. The top opportunities in the automotive seat belts market segmented by technology will arise in the pretensioner automotive seatbelts segment, which will gain $1.5 billion of global annual sales by 2028. The top opportunities in the automotive seat belts market segmented by sales channel will arise in the original equipment manufacturer (OEM) segment, which will gain $3.03 billion of global annual sales by 2028. The top opportunities in the automotive seat belts market segmented by vehicles will arise in the passenger cars segment, which will gain $2.49 billion of global annual sales by 2028. The automotive seat belts market size will gain the most in China at $984.7 million.
Market-trend-based strategies for the automotive seat belts market include introduction of advanced seat belt technology for enhancing vehicle safety and compliance, upgrading three-point seat belts with focus on enhancing safety features, integrating advanced heating technology solutions in seat belts to optimize vehicle performance in cold conditions, strategic partnerships and collaborations among major players and boosting road safety with integrated seatbelt reminder technology.
Player-adopted strategies in the automotive seat belts market include focus on strategic partnerships to develop innovative technologies that enhance product safety and performance, developing adaptive safety systems to meet regulatory standards and enhance vehicle safety, forming strategic joint ventures to expand product offerings and increase market share in high-growth regions and integrating technologies and resources to enhance safety systems, meeting stricter safety regulations and demands of electric and autonomous vehicles.
To take advantage of the opportunities, the analyst recommends the automotive seat belts companies to focus on advanced seat belt technology, focus on enhancing three-point seat belt safety features, focus on integrating heated seat belts for electric vehicles, focus on integrated seatbelt reminder technology, focus on the five-point seat belt segment, focus on active automotive seatbelts segment, expand in emerging markets, focus on diversifying distribution channels for market expansion, focus on strategic partnerships for seat belt innovation, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, prioritize technical webinars for thought leadership, focus on the aftermarket segment and focus on the commercial vehicles segment.
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Automotive Seat Belts Market - Macro-Economic Scenario
9 Global Market Size and Growth
10 Global Automotive Seat Belts Market Segmentation
11 Automotive Seat Belts Market, Regional and Country Analysis
12 Asia-Pacific Market
13 Western Europe Market
14 Eastern Europe Market
15 North America Market
16 South America Market
17 Middle East Market
18 Africa Market
19 Competitive Landscape and Company Profiles
20 Other Major and Innovative Companies
23 Key Mergers and Acquisitions
24 Opportunities and Strategies
25 Automotive Seat Belts Market, Conclusions and Recommendations
26 Appendix
Executive Summary
Automotive Seat Belts Global Market Opportunities And Strategies To 2033 provides the strategists; marketers and senior management with the critical information they need to assess the global automotive seat belts market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for automotive seat belts? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The automotive seat belts market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider automotive seat belts market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by seat belt type, by vehicles, by technology and by sales channel.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the automotive seat belts market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment seat belt type, by vehicles, by technology and by sales channel in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for automotive seat belts providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) By Seat Belt Type: Three-Point; Five-Point; Other Seat Belt Types2) By Technology: Pretensioner Automotive Seatbelts; Retractor Automotive Seatbelts; Active Automotive Seatbelts; Inflatable Automotive Seatbelts; Load Limiter Automotive Seatbelts; Reminder Automotive Seatbelts
3) By Sales Channel: Original Equipment Manufacturer (OEM); Aftermarket
4) By Vehicles: Passenger Cars; Commercial Vehicles
Key Companies Mentioned: Autoliv Inc.; Zf Friedrichshafen Ag; Joyson Safety Systems; Toyoda Gosei Co. Ltd.; Continental Ag
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; automotive seat belts indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Autoliv Inc.
- Zf Friedrichshafen Ag
- Joyson Safety Systems
- Toyoda Gosei Co. Ltd.
- Continental Ag
- Hyundai Mobis Co. Ltd.
- Robert Bosch GmbH
- Aisin Corporation
- Aptiv plc
- Stellantis NV
- Uber Technologies, Inc
- Shenghuabo Group
- Ningbo Shuanglin Auto Parts
- Minda Industries Limited
- Motorlamp Auto Electrical Pvt. Ltd
- Flexi Manufacturing Solutions Private Limited
- Sabelt
- Faurecia
- Charles Trent
- Coats Group plc
- TRW-Carr s.r.o.
- Takata Petri Parts Polska Sp. z o.o
- Toyota Motor Manufacturing Czech Republic s.r.o
- Blue Bird Corporation
- TRW Automotive
- GWR Safety Systems
- ITW Safety
- West Coast Metric
- IH Parts America
- E-Smart
- Graco
- Speedway Motors
- Inova
- Tecnoplast
- Coodetec
- Plastilube
- Auto Parts Peru S.A.
- LEAR Corporation Argentina S.R.L.
- Pirelli Neumáticos S.A.I.C.
- Takata Brasil Ltda.
- CGR International
- Iran Khodro Industrial Group
- Korea Safety Systems Ltd
- Golan Plastic Products Ltd
- Saudi Arabia's National Automotive Company (NAT)
- Hella Automotive Turkey
- Al Futtaim Motors
- Plasan Sasa Ltd.
- Nextec
- Ford Otosan
- Mercedes-Benz Türk
- El-Nasr Automotive Manufacturing Company
- Innoson Vehicle Manufacturing Company (IVM)
- Donnelly Group
- Egyptian Automotive Manufacturing Co. (EAM)
- Al Tayar Automotive
- Peugeot Automobile Nigeria (PAN)
- Tenneco South Africa
- Autobax
- Hella South Africa
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 318 |
Published | September 2024 |
Forecast Period | 2023 - 2033 |
Estimated Market Value ( USD | $ 13.8 Billion |
Forecasted Market Value ( USD | $ 23.9 Billion |
Compound Annual Growth Rate | 5.7% |
Regions Covered | Global |