Global Automotive Seat Belts Market: Overview
Automotive seat belts are the safety compliance for passengers and drivers. If a vehicle is accelerated and stopped suddenly, a greater force is involved in the event crash. Seat belts aid in distributing the force across the body and prevent injuries.
Ongoing advancements enhance the efficiency of seat belts in the automotive markets.
Global Automotive Seat Belts Market: Growth Factors
The global automotive seat belts market is expected to grow exponentially over the forecasted years. The introduction of 3-point seat belts will boost market growth due to the super comfort and safety procedures. They are super flexible and are perfectly fit for children and pregnant women.
The increasing number of road accidents around the world is creating demand for automotive seating. Government initiatives are emphasizing the importance of wearing seat belts and fuelling the global automotive seat belts market.
The various learning institution’s car assessment program for safety rating purposes facilitates the technological advancements in the automobile seating sector. Innovations in automobile seating technology lead to the development of new seat belts like inflated seat belts and belt bags. The surge in the adoption of inflated seatbelts is propelling market growth.
The belt bags are made with the integration of airbags and seat belts.
These belt bags straddle safety compliance with comfortability. Due to the various advantages, manufacturers are incorporating the belt bags in the automobiles and hence increasing its demands.
The innovation of belt pro gives protection against bacteria present on the belt and avoids health hazards caused due to it. Such innovations are used worldwide in public transport like buses and cabs and hence, propel the global automotive seat belts market.
Global Automotive Seat Belts Market: Segmentation
The global automotive seat belts market can be segmented into airbags, seat belts, vehicles, components, and regions.
By airbags, the market can be segmented into frontal airbags, knee airbags, side, and curtain airbags. Airbags are dominating the market due to the absorption of the impacting force. It gives the balance between the strength and elongation to the product comfortability.
By seat belt, the market can be segmented into 2 points equals and 3 point seatbelts.
3 point seat belts are dominating the market.
By vehicle, the market can be segmented into passenger cars, light commercial vehicles, buses, and trucks. Passenger cars are dominating the market. This can be attributed to the growing standards and improved lifestyles of people.
By component, the market can be segmented into a webbing strap, retractor, buckle, tongue, and pillar loop. Webbing straps show significant growth over the forecasted years propelled by the advantage of restricting the body movement during collision and high-performance aramids to enhance the strength.
By distributions, the market can be segmented into OEM and aftermarket.
Global Automotive Seat Belts Market: Regional analysis
Asia Pacific dominates the global automotive seat belts market. A spike in the government initiatives across countries in this region to install the seat belts in the vehicles contributes to the growth.
Europe is emerging as the largest manufacturer of seat belts. There is a significant spike in the productivity of vehicles and hence the region is growing with substantial CAGR.
North America is witnessing a growing demand in the seat belt market due to the development of new technology and a spike in vehicle sales.
The market in the Middle East and Africa is expected to grow significantly in the coming years due to the increase in the purchasing power of the consumer and a gradual shift to high living standards, which increases the demand for the latest technology based vehicles.
Global Automotive Seat Belts Market: Competitive Players
Some of the prominent players in the global automotive seat belts market are Toyoda Gosei, ZF TRW, Takata Corporation, Tokai Rika, Goradia Industries, Hyundai Mobis, GWR Co., BK Seat Belt Co. Ltd, Autoliv AB, Ashimori, Joyson Safety Systems, Denso, and Robert Bosch GmbH.
Global Automotive Seat Belts Market: Regional Segment Analysis
What Reports Provides