About Vehicle Seatbelt
Vehicle Seatbelt is a safety device designed to secure the driver and co-passenger of a vehicle against harmful collision or accidents. American car manufacturer Nash in 1949 and Ford in 1955 offered seat belts as an option for the customer but in 1958 a Swedish manufacturer Saab introduced seatbelts inbuilt vehicles. Later in 1970, the first law for seat belts came into existence in Australia to wearing of seatbelts compulsory for driver and front co-passenger. According to the National Highway Traffic Safety Administration, the use of seatbelts in the United States has grown from 89.6% in 2018 to 90.7 in 2019. The increasing awareness for safety driving leads to the growth in vehicle seatbelts.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Vehicle Seatbelt is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge Analyst at AMA Research estimates that United States and Asia Pacific Vendors will contribute the maximum growth to Global Vehicle Seatbelt market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ZF Friedrichshafen AG (Germany), Autoliv Inc. (Sweden), DENSO Corporation (Japan), GWR Safety Systems Inc (United States), ZF TRW Automotive Holdings Corp (United States), Takata Corporation (Japan), TOKAI RIKA CO., LTD (Japan), Hyundai Mobis (South Korea), Continental AG (Germany), Safety Belt Services Limited (United Kingdom) and Belt-Tech (Canada) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are The BERGER GROUP (China), Goradia industries (India) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Vehicle Seatbelt market by Type (Two-Point Belt, Three-Point Belt, Four-Point Belt, Five-Point Belt, Above Five-Point Belt, Belt-In-Seat and Lap Belts), Application (Commercial Vehicle, Passenger Car and Others) and Region.
On the basis of geography, the market of Vehicle Seatbelt has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material, the sub-segment i.e. Polyester will boost the Vehicle Seatbelt market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand Of Advanced Driver-Assistance Systems Sensors In Seatbelt
Market Growth Drivers:
Rise In Government Regulatory System For Vehicle Safety and Increasing Demand For Safer And Convenient Driving
Restraints:
Reduces or Mitigate the Effectiveness of Seatbelts
Opportunities:
Low Cost Of Production In Most Developing Countries and Rising In The Sales Of Passengers Cars
Market Leaders and their expansionary development strategies
In November 2020, Skoda acquired worldwide patent of LED seat belt buckle system. The patented system has use red, green and white colors to indicated different usage mode.
In April 2023, Uber India Introduces new audio seat-belt reminder safety features for passengers. The company's new feature reminds passengers to wear seat belts even while being seated in second row.
Key Target Audience
New Entrants/Investors, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors of vehicle seatbelts, Government Regulatory and Research Organizations and End Users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.