Global Vehicle Seatbelt Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Vehicle Seatbelt Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Vehicle Seatbelt is an important part of the auto parts industry. Seatbelt can reduce the risk of injury in a variety of collision accidents. On the one hand, it can counteract the deceleration caused by a car collision, so that the occupants do not collide with the dashboard, steering wheel, windshield, etc.; The extensibility enables it to absorb the energy generated during a collision, thereby reducing the probability of personal injury or death. In conjunction with the use of airbags, Seatbelt can help occupants to correct their riding posture and ensure that the airbags can play the greatest role in the event of an accident.

Market Overview:

The latest research study on the global Vehicle Seatbelt market finds that the global Vehicle Seatbelt market reached a value of USD 9618.84 million in 2022. It’s expected that the market will achieve USD 12660.6 million by 2028, exhibiting a CAGR of 4.69% during the forecast period.

Limitations

With the development of the economy, people have higher demands on wages, which has led to an increase in labor prices in various regions of the world. In view of the fact that the production of Vehicle Seatbelt requires more labor, the cost of manufacturers increases as labor costs increase.
Raw materials occupy an important market share in the production of the entire Vehicle Seatbelt. As the price of raw materials rises, the manufacturing costs of the manufacturers will be increased, thereby reducing the profits that manufacturers can obtain.
The vehicle seatbelt industry is a type of automotive safety parts. Affected by production technology and related factors, the automotive seat belt industry has high technical barriers, certification system barriers, and capital barriers.
The auto parts industry is an industry with significant economies of scale. Auto parts companies need to reach a certain production scale in order to break through the break-even point and achieve profitability.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

The top three companies are Autoliv, Joyson Safety Systems, TRW Automotive with the revenue market share of 37.80%, 14.09% and 13.18% in 2018.

As the worldwide leader in automotive safety, Autoliv sells to all major car manufacturers globally. Autoliv Inc. is a Swedish automotive safety supplier with sales to all leading car manufacturers worldwide. Together with its joint ventures, Autoliv has over 67,000 employees in 27 countries, of whom 5700 are involved in research, development and engineering.

Key Safety Systems, Inc. (KSS), doing business as Joyson Safety Systems, develops and manufactures automotive safety systems and components. The Company offers seatbelts, airbags, steering wheels, inflators, and electronic restraints control modules. Joyson Safety Systems serves customers worldwide.

Segmentation Overview:

Among different product types, Active segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Passenger Car segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Vehicle Seatbelt market covered in Chapter 3:

Joyson Safety Systems
Tokai Rika Co.Ltd
Heshan Changyu Hardware
TRW Automotive
Jiangsu Jiujiu Traffic Facilities
Berger Group
Beam's Seatbelts
APV Safety Products
Autoliv
Quick fit Safety Belt Services
Ashimori Industry

In Chapter 4 and Chapter 14.2, on the basis of types, the Vehicle Seatbelt market from 2018 to 2029 is primarily split into:

Passive
Active

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Vehicle Seatbelt market from 2018 to 2029 covers:

Commercial Vehicle
Passenger Car
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)