A seat belt is a safety device for cars that protects the driver and passengers from severe movement in the event of a collision or sudden stop. A seat belt reduces the likelihood of death or serious injury during a collision by reducing the force of secondary impacts with interior strike hazards. Usage of seat belts for both the driver and the passengers in a car is a legal requirement to prevent collisions in many nations. There are six unique kinds of safety belts such as belt-in- seat, two-point belts, three-point belts, four-point belts, five-point belts, and six-point belts.
Market Dynamics:
Vehicle safety is essential for reducing or preventing collisions. Vehicle that fulfills the security norms has a generally safe of genuinely harming its travelers. In addition, the automobile industry is undergoing a pivotal phase as a result of expanding urbanization, constantly shifting automobile advancements, client demand for network connectivity, and the transition to electric vehicles. As the dynamics of the market shift and safety standards rise, the automotive industry is set for change. A $266 billion stimulus program was announced by the Indian finance ministry in 2020 to assist the auto industry in recovering from its downturn.
Key features of the study:
- This report provides in-depth analysis of the global automotive seat belt market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global automotive seat belt market based on the following parameters- company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Tokai Rika Co. Ltd., 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, and Continental AG
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global automotive seat belt market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through 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
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles
- Tokai Rika Co. Ltd.*
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- 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
*Browse all the market data tables and figures on “Global Automotive Seat Belt Market - Forecast to 2030”
