Latest Market Report | Automotive Seat Belt Market Size, Trends, Market Outlook, and Forecasts 2023-2030 | By RationalStat

The global automotive seat belt market is projected to reach US$ 18.7 billion by 2030, at a CAGR of 5.1%.

Global Automotive Seat Belt Market size is estimated at US$ 13.2 billion in 2023 and is predicted to rise at a substantial CAGR of 5.1% during the forecast period of 2023 and 2030 according to RationalStat analysis.

Market Definition, Market Scope, and Report Overview

The rise in vehicle production across the globe acts as one of the major factors driving the growth of the automotive seat belt market. The rise in demand for automotive seat belts owing to growing awareness regarding safety and strict traffic rules, and the high occurrence of road accidents worldwide accelerate the market growth.

The increase in the initiatives to promote the importance of seat belts, and the rise in numerous institutions including the new car assessment program provide safety ratings to cars further influence the market. Additionally, increases in the sales of electric vehicles, government standards pertaining to components and structures, the surge in disposable income, and lifestyle changes positively affect the automotive seat belt market. Furthermore, technological advancement extends profitable opportunities to the market players in the forecast period.

• According to a deep-dive market assessment by RationalStat, the automotive seat belt market has been analyzed on the basis of market segments, including vehicle type, design type, seat belt technology, distribution channel, and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.

• Market intelligence for the automotive seat belt market covers market sizes based on market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.

• In addition, the long-term sector and products/services 10-year outlook and its implications on the automotive seat belt market. It also includes the industry's current state - Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Automotive Seat Belt Market: Segmental and Market Share Analysis
• On the basis of the vehicle type, the passenger cars market is anticipated to dominate the market owing to the rising disposable income coupled with the advent of electric vehicles in the global market
Report Synopsis
Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 13.2 billion
Market Size Forecast US$ 18.7 billion
Growth Rate 5.1%
Dominant Segment Pharmaceutical Segment
Leading Region Asia Pacific

Key Market Drivers
• Stringent government regarding vehicular safety
• Rising incidence of road accidents
• Rising demand for passenger cars

Companies Profiled
• Holmberg Safety System Holding AB
• GWR Safety Systems
• TOKAIRIKA CO LTD
• ZF Friedrichshafen AG
• Joyson Safety Systems
• Autoliv Inc
• AB Volvo
• Hyundai Mobis
• Robert Bosch GmbH
• Ashimori Industry Co Ltd

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Competition Analysis and Market Structure

Some of the prominent players adopt various strategies to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, and partnerships and collaborations are some of the strategies followed by industry players, some of the key developments in the automotive seat belt market include,

• In July 2021, Coperion launched ZSK twin-screw extruders. The automotive seat belts are designed for PET bottle-to-bottle recycling.

Some of the prominent players and suppliers operating and contributing significantly to the probiotics supplement market growth include Holmberg Safety System Holding AB, GWR Safety Systems, TOKAIRIKA CO LTD, ZF Friedrichshafen AG, Joyson Safety Systems, Autoliv Inc, AB Volvo, Hyundai Mobis, Robert Bosch GmbH, and Ashimori Industry Co Ltd, among others.

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RationalStat has segmented the automotive seat belt market based on vehicle type, design type, seat belt technology, distribution channel, and region
• Global Automotive Seat Belt Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Vehicle Type
o Passenger Cars
o Commercial Vehicles
o Heavy Commercial Vehicles
o Light Commercial Vehicles
• Global Automotive Seat Belt Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Design Type
o Belt-in-Seat
o Two-Point Belts
o Three-Point Belts
o Four-Point Belts
o Five-Point Belts
o Six-Point Belts
• Global Automotive Seat Belt Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Seat Belt Technology
o Retractor
o Pretensioners
o Active Seat Belts
o Bag-in Belts
o Load Limiters
o Seat Belt Reminder System
• Global Automotive Seat Belt Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Distribution Channel
o OEMs
o Aftermarket
• Global Automotive Seat Belt Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
o North America Automotive Seat Belt Market
 US
 Canada
o Latin America Automotive Seat Belt Market
 Brazil
 Mexico
 Rest of Latin America
o Western Europe Automotive Seat Belt Market
 Germany
 UK
 France
 Spain
 Italy
 Benelux
 Nordic
 Rest of Western Europe
o Eastern Europe Automotive Seat Belt Market
 Russia
 Poland
 Hungary
 Other CIS Countries
 Rest of Eastern Europe
o Asia Pacific Automotive Seat Belt Market
 China
 Japan
 India
 South Korea
 Australia
 ASEAN
• Indonesia
• Thailand
• Philippines
• Vietnam
• Malaysia
• Rest of ASEAN
 Rest of Asia Pacific
o Middle East & Africa Automotive Seat Belt Market
 GCC
• Saudi Arabia (KSA)
• United Arab Emirates (UAE)
• Rest of the GCC
 South Africa
 Nigeria
 Turkey
 Rest of the Middle East & Africa

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Key Questions Answered in the Automotive Seat Belt Report:
• What will be the market value of the automotive seat belt market by 2030?
• What is the market size of the automotive seat belt market?
• What are the market drivers of the automotive seat belt market?
• What are the key trends in the automotive seat belt market?
• Which is the leading region in the automotive seat belt market?
• What are the major companies operating in the automotive seat belt market?
• What are the market shares by key segments in the automotive seat belt market?

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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoints to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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