The global automotive seat belt market is projected to grow at a CAGR of 1.44% during the forecast period, reaching a total market size of US$9.678 billion in 2024 from US$8.881 billion in 2018. The automotive seatbelt market is expected to witness a significant increase in demand over the coming years owing to growing awareness regarding safety and strict traffic rules. A seat belt which is also called a safety belt or a safety harness is a vehicle safety device designed to secure the persons present inside the vehicle in case the vehicle crashes or comes to a stop. A seat belt reduces the chances of death or serious injury in a traffic collision and does this by reducing the force of secondary impacts with interior strike hazards, by keeping persons inside positioned correctly so that they are in the range where the airbag has maximum effectiveness (if equipped) and by preventing the persons inside being ejected from the vehicle in the event of a crash or if the vehicle rolls over. Increasing automotive production across the region, combined with stricter regulations and standards regarding safety is boosting the growth of the automotive seat belt market across the globe.
By Type
By type, the global automotive seat belt market is segmented as two-point, three-point, belt-in-seat, automatic, and others. Three-Point seat belt is expected to prevail as the significant segment for the global automotive seat belt market. as it is widely preferred across the vehicle type because it provides a good amount of protection to the driver and passengers
By Vehicle Type
By vehicle type, the global automotive seatbelt market is segmented as compact cars, mid-size cars, and large cars. The compact car segment promises to hold a significant market share in the global automotive seat belt market due to its preference over other vehicle types.
By Geography
Geographically, the global automotive seat belt market is segmented as North America, Europe, Middle East & Africa, Asia-Pacific, and South America. The Asia Pacific is the most lucrative region in the global automotive seat belt market, both in terms of value and volume. The Asia Pacific automotive industry is booming on the back of rapid urbanization in the emerging economies of China and India. Europe is also is one of the biggest manufacturers of automobiles which is expected to have a positive impact on the automotive seatbelt market.
| Report Metric | Details |
| Market size value in 2018 | US$8.881 billion |
| Market size value in 2024 | US$9.678 billion |
| Growth Rate | CAGR of 1.44% from 2018 to 2024 |
| Base year | 2018 |
| Forecast period | 2019–2024 |
| Forecast Unit (Value) | USD Billion |
| Segments covered | Component, Type, Technology, Vehicle Type, And Geography |
| Regions covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies covered | Autoliv Inc., Tokai Rika Co. Ltd., GWR Co., BERGER GROUP, Continental AG, Ashimori Industry; Co., Ltd, APV Safety Products, Joyson Safety Systems, Volvo, Hyundai Mobis Co. Ltd., Robert Bosch |
| Customization scope | Free report customization with purchase |
Segmentation
The global automotive seatbelt market has been analyzed through the following segments:
By Component
Webbing
Buckles
Others
By Type
Two-Point
Three-Point
Belt-In-Seat
Automatic
Others
By Technology
Retractor
Pre-tensioner
Active Seat Belt
Bag-In-Belt
Load Limiter
By Vehicle Type
Compact Car
Mid-Size Car
Large Car
By Geography
North America
United States
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Israel
Saudi Arabia
UAE
Others
Asia Pacific
China
Japan
South Korea
India
Others
Frequently Asked Questions (FAQs)
Q1. What will be the automotive seat belt market size by 2024?
A1. The global automotive seat belt market is projected to reach a market size of US$9.678 billion in 2024.
Q2. What factors are anticipated to drive the automotive seat belt market?
A2. The automotive seatbelt market is expected to witness a significant increase in demand over the coming years owing to growing awareness regarding safety and strict traffic rules.
Q3. What are the growth prospects for the automotive seat belt market?
A3. The automotive seat belt market is projected to grow at a CAGR of 1.44% during the forecast period.
Q4. What is the size of the global automotive seat belt market?
A4. Automotive Seat Belt Market was valued at US$8.881 billion in 2018.
Q5. Which region holds the largest market share in the automotive seat belt market?
A5. The Asia Pacific is the most lucrative region in the global automotive seat belt market, both in terms of value and volume.
1. Introduction
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology and Assumptions
2.1. Research Data
2.2. Assumptions
3. Executive Summary
3.1. Research Highlights
4. Market Trends and Overview
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Global Automotive Seatbelt Market Analysis, by Component
5.1. Introduction
5.2. Webbing
5.3. Buckles
5.4. Others
6. Global Automotive Seatbelt Market Analysis, by Type
6.1. Introduction
6.2. Two-Point
6.3. Three-Point
6.4. Belt-In-Seat
6.5. Automatic
6.6. Others
7. Global Automotive Seatbelt Market Analysis, by Technology
7.1. Introduction
7.2. Retractor
7.3. Pre-Tensioner
7.4. Active Seat Belt
7.5. Bag-In-Belt
7.6. Load Limiter
8. Global Automotive Seatbelt Market Analysis, by Vehicle Type
8.1. Introduction
8.2. Compact Car
8.3. Mid-Size Car
8.4. Large Car
9. Automotive Seatbelt Market, by Geography
9.1. Introduction
9.2. North America
9.2.1. USA
9.2.2. Canada
9.2.3. Mexico
9.3. South America
9.3.1. Brazil
9.3.2. Argentina
9.3.3. Others
9.4. Europe
9.4.1. Germany
9.4.2. France
9.4.3. United Kingdom
9.4.4. Spain
9.4.5. Others
9.5. Middle East and Africa
9.5.1. Israel
9.5.2. Saudi Arabia
9.5.3. UAE
9.5.4. Others
9.6. Asia-Pacific
9.6.1. China
9.6.2. Japan
9.6.3. South Korea
9.6.4. India
9.6.5. Others
10. Competitive Environment and Analysis
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrativeness
10.3. Mergers and Acquisitions
10.4. Agreements and Collaborations
11. Company Profiles
11.1. Autoliv Inc.
11.2. Tokai Rika Co. Ltd.
11.3. GWR Co.
11.4. BERGER GROUP
11.5. Continental AG
11.6. Ashimori Industry;Co., Ltd
11.7. APV Safety Products
11.8. Joyson Safety Systems
11.9. Volvo
11.10. Hyundai Mobis Co. Ltd.
11.11. Robert Bosch
12. Appendix
Tokai Rika Co. Ltd.
GWR Co.
BERGER GROUP
Continental AG
Ashimori Industry;Co., Ltd
APV Safety Products
Joyson Safety Systems
Volvo
Hyundai Mobis Co. Ltd.
Robert Bosch
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