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Automotive Seatbelts Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 136
  • SKU: IRTNTR44540
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The predicted growth of the automotive seatbelts market share from 2021 to 2026 is USD 2.54 billion at a progressing CAGR of 5.03%.

This automotive seatbelts market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The automotive seatbelts market report also offers information on several market vendors, including APV Corporation Pty. Ltd., Ashimori Industry Co. Ltd., Autoliv Inc., Belt Tech Products Inc., Continental AG, Elastic Berger GmbH and Co. KG, Goradia Industries, GWR, Hyundai Mobis Co. Ltd., Krishna Enterprise, Ningbo Joyson Electronic Corp., Robert Bosch GmbH, Seatbelt Solutions LLC, Shield Restraint Systems Inc., Shivam Narrow Fabric, Tokai Rika Co. Ltd., Toyoda Gosei Co. Ltd., Toyota Motor Corp., Wenzhou Far Europe Automobile Safety System Co. Ltd., and ZF Friedrichshafen AG among others.

This report extensively covers automotive seatbelts market segmentation by the following:

  • Application - Passenger cars and Commercial vehicles
  • Geography - APAC, Europe, North America, South America, and Middle East and Africa

What will the Automotive Seatbelts Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Automotive Seatbelts Market Size for the Forecast Period and Other Important Statistics

 

Automotive Seatbelts Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing use of electronic components in vehicles is notably driving the automotive seatbelts market growth, although factors such as gradual increase in the cost of automobiles may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive seatbelts industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Seatbelts Market Driver

One of the key factors driving growth in the automotive seatbelts market is the increasing use of electronic components in vehicles. The hypercompetitive environment in the automotive industry has made it imperative for manufacturers to adopt the latest technologies to ensure a sustainable presence. Numerous mechanical components are being replaced with electronic components to increase effectiveness and convenience. Multiple automotive controls are being replaced with electronic components to improve the safety and comfort of users and reduce vehicle weight. Additionally, advances in transmission and safety systems are driving the adoption of automatic transmission systems, anti-pinch power windows, and rain-sensing wipers, among others. Thus, the increasing use of electronic components will result in a corresponding increase in the number of actuators used in typical vehicles. Such factors will accelerate the growth of the auto parts and equipment market during the forecast period.

Key Automotive Seatbelts Market Trend

The seatbelt reminder systems with visual or audible alarm for rear seats is a automotive seatbelts market trend that is expected to have a positive impact in the coming years. The global automotive seatbelts market is witnessing developments in the form of advanced functionalities, the material used in manufacturing seatbelts, and the emergence of multi-point seatbelt systems. Seatbelt systems in the automotive market have also witnessed an evolution in terms of their use and application. Seatbelt systems for commercial vehicles are now offered with reminder systems to boost the safety of the occupants further. It has been found that advanced seatbelt systems with audio-visual warning signals prove to be more effective in increasing the use of seatbelts among consumers. Seatbelt reminder systems have now become a common feature as far as front seats are concerned. This is due to the voluntary adoption of advanced safety systems by automakers and due to the increasing stringency of safety norms across the world. However, seatbelt reminder systems for rear seats do not currently find widespread adoption. But, with automakers and government bodies continuously focusing on improving the safety of vehicles and road users, we expect the seatbelt reminder systems for rear seats to find increased adoption during the forecast period.

Key Automotive Seatbelts Market Challenge

The gradual increase in the cost of automobiles will be a major challenge for the automotive seatbelts market during the forecast period. The world economy is undergoing a paradigm shift, wherein industrialization, infrastructure, and growing employment opportunities are changing the face of the world economy. The advent of advancements in technology and process management has made way for improved socio-economic conditions. The same can be related to the global automotive industry, which itself is undergoing revolutionary changes in terms of design, functionality, and purpose. The emergence of autonomous vehicle technologies and connected car solutions, increasing electrification of vehicle components, and growing focus on advanced vehicular safety have led to an increase in the cost of vehicles. Vehicle costs are increasing year-over-year due to the continuous evolution of the global automotive industry. The same trend is being witnessed in the global automotive seatbelts market too. The market is witnessing a rise in the cost of seatbelt systems, as there is an increase in the use of electronic content in advanced seatbelt systems. Such factors pose a challenge to the growth of the global automotive seatbelts market.

This automotive seatbelts market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global automotive seatbelts market as a part of the global automotive components and accessories market within the global auto components market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive seatbelts market during the forecast period.

Who are the Major Automotive Seatbelts Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • APV Corporation Pty. Ltd.
  • Ashimori Industry Co. Ltd.
  • Autoliv Inc.
  • Belt Tech Products Inc.
  • Continental AG
  • Elastic Berger GmbH and Co. KG
  • Goradia Industries
  • GWR
  • Hyundai Mobis Co. Ltd.
  • Krishna Enterprise
  • Ningbo Joyson Electronic Corp.
  • Robert Bosch GmbH
  • Seatbelt Solutions LLC
  • Shield Restraint Systems Inc.
  • Shivam Narrow Fabric
  • Tokai Rika Co. Ltd.
  • Toyoda Gosei Co. Ltd.
  • Toyota Motor Corp.
  • Wenzhou Far Europe Automobile Safety System Co. Ltd.
  • ZF Friedrichshafen AG

 

This statistical study of the automotive seatbelts market encompasses successful business strategies deployed by the key vendors. The automotive seatbelts market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • APV Corporation Pty. Ltd. - APV Corporation Pty. Ltd. is a privately held company headquartered in Australia. It is a global company, with limited information regarding its financials and has around 55 employees. Its revenue from the global automotive seatbelts market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
  • APV Corporation Pty. Ltd. - The company offers automotive seatbelts for a wide range of vehicles from cars, light commercials, 4WD and SUVs to trucks.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive seatbelts market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automotive Seatbelts Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive seatbelts market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Automotive Seatbelts Market?

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63% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for automotive seatbelts in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The high-volume sales of automobiles in China, Japan, India, Indonesia, South Korea, Thailand, and Australia will facilitate the automotive seatbelts market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic drastically impacted the regional automotive seatbelts market in 2020 in APAC.  Wuhan, the city where the outbreak of COVID-19 originated, is one of China major automotive production (parts and cars) sites. However, with the introduction of COVID-19 vaccines and the resumption of production facilities in the automotive industry, the market has started to recover since 2021. Thus, such factors are expected to increase the demand for automotive seatbelts, which, in turn, will drive the regional automotive seatbelts market during the forecast period.

What are the Revenue-generating Application Segments in the Automotive Seatbelts Market?

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The automotive seatbelts market share growth by the passenger cars segment will be significant during the forecast period. The overall growing demand for passenger cars leading to growing volume sales of passenger vehicles is driving the concerned market and is expected to continue during the forecast period. In addition, the growth in the demand for the larger utility vehicles such as SUVs, CUVs, and MPVs is further supplementing the growth of the concerned market. Moreover, the growing penetration rate of seatbelts in the rear seats is further acting as a market enabler for the concerned market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive seatbelts market size and actionable market insights on post COVID-19 impact on each segment.

 

Automotive Seatbelts Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.03%

Market growth 2022-2026

$ 2.54 billion

Market structure

Fragmented

YoY growth (%)

4.89

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 63%

Key consumer countries

US, China, Japan, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

APV Corporation Pty. Ltd., Ashimori Industry Co. Ltd., Autoliv Inc., Belt Tech Products Inc., Continental AG, Elastic Berger GmbH and Co. KG, Goradia Industries, GWR, Hyundai Mobis Co. Ltd., Krishna Enterprise, Ningbo Joyson Electronic Corp., Robert Bosch GmbH, Seatbelt Solutions LLC, Shield Restraint Systems Inc., Shivam Narrow Fabric, Tokai Rika Co. Ltd., Toyoda Gosei Co. Ltd., Toyota Motor Corp., Wenzhou Far Europe Automobile Safety System Co. Ltd., and ZF Friedrichshafen AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Automotive Seatbelts Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive automotive seatbelts market growth during the next five years
  • Precise estimation of the automotive seatbelts market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive seatbelts industry across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive seatbelts market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Passenger cars - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Passenger cars - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Passenger cars - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Passenger cars - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Passenger cars - Year-over-year growth 2021-2026 (%)
    • 5.4 Commercial vehicles - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Commercial vehicles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Commercial vehicles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Commercial vehicles - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Commercial vehicles - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 36: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 Japan - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 India - Market size and forecast 2021-2026
      • Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 APV Corporation Pty. Ltd.
              • Exhibit 89: APV Corporation Pty. Ltd. - Overview
              • Exhibit 90: APV Corporation Pty. Ltd. - Product / Service
              • Exhibit 91: APV Corporation Pty. Ltd. - Key offerings
            • 10.4 Ashimori Industry Co. Ltd.
              • Exhibit 92: Ashimori Industry Co. Ltd. - Overview
              • Exhibit 93: Ashimori Industry Co. Ltd. - Business segments
              • Exhibit 94: Ashimori Industry Co. Ltd. - Key offerings
              • Exhibit 95: Ashimori Industry Co. Ltd. - Segment focus
            • 10.5 Autoliv Inc.
              • Exhibit 96: Autoliv Inc. - Overview
              • Exhibit 97: Autoliv Inc. - Business segments
              • Exhibit 98: Autoliv Inc. - Key news
              • Exhibit 99: Autoliv Inc. - Key offerings
              • Exhibit 100: Autoliv Inc. - Segment focus
            • 10.6 Belt Tech Products Inc.
              • Exhibit 101: Belt Tech Products Inc. - Overview
              • Exhibit 102: Belt Tech Products Inc. - Product / Service
              • Exhibit 103: Belt Tech Products Inc. - Key offerings
            • 10.7 Continental AG
              • Exhibit 104: Continental AG - Overview
              • Exhibit 105: Continental AG - Business segments
              • Exhibit 106: Continental AG - Key news
              • Exhibit 107: Continental AG - Key offerings
              • Exhibit 108: Continental AG - Segment focus
            • 10.8 Elastic Berger GmbH and Co. KG
              • Exhibit 109: Elastic Berger GmbH and Co. KG - Overview
              • Exhibit 110: Elastic Berger GmbH and Co. KG - Product / Service
              • Exhibit 111: Elastic Berger GmbH and Co. KG - Key offerings
            • 10.9 Goradia Industries
              • Exhibit 112: Goradia Industries - Overview
              • Exhibit 113: Goradia Industries - Product / Service
              • Exhibit 114: Goradia Industries - Key offerings
            • 10.10 GWR
              • Exhibit 115: GWR - Overview
              • Exhibit 116: GWR - Product / Service
              • Exhibit 117: GWR - Key offerings
            • 10.11 Hyundai Mobis Co. Ltd.
              • Exhibit 118: Hyundai Mobis Co. Ltd. - Overview
              • Exhibit 119: Hyundai Mobis Co. Ltd. - Business segments
              • Exhibit 120: Hyundai Mobis Co. Ltd. - Key news
              • Exhibit 121: Hyundai Mobis Co. Ltd. - Key offerings
              • Exhibit 122: Hyundai Mobis Co. Ltd. - Segment focus
            • 10.12 Robert Bosch GmbH
              • Exhibit 123: Robert Bosch GmbH - Overview
              • Exhibit 124: Robert Bosch GmbH - Business segments
              • Exhibit 125: Robert Bosch GmbH - Key news
              • Exhibit 126: Robert Bosch GmbH - Key offerings
              • Exhibit 127: Robert Bosch GmbH - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 128: Inclusions checklist
                • Exhibit 129: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 130: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 131: Research methodology
                • Exhibit 132: Validation techniques employed for market sizing
                • Exhibit 133: Information sources
              • 11.5 List of abbreviations
                • Exhibit 134: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The automotive seatbelts market growth will increase by $2547.67 million during 2022-2026.
              The automotive seatbelts market is expected to grow at a CAGR of 5.03% during 2022-2026.
              Technavio has segmented the automotive seatbelts market by application (Passenger vehicles and Commercial vehicles) and geographic (APAC, Europe, North America, South America, and Middle East and Africa).
              APV Corporation Pty. Ltd., Ashimori Industry Co. Ltd., Autoliv Inc., Belt Tech Products Inc., Continental AG, Elastic Berger GmbH and Co. KG, Goradia Industries, GWR, Hyundai Mobis Co. Ltd., Krishna Enterprise, Ningbo Joyson Electronic Corp., Robert Bosch GmbH, Seatbelt Solutions LLC, Shield Restraint Systems Inc., Shivam Narrow Fabric, Tokai Rika Co. Ltd., Toyoda Gosei Co. Ltd., Toyota Motor Corp., Wenzhou Far Europe Automobile Safety System Co. Ltd., ZF Friedrichshafen AG are a few of the key vendors in the automotive seatbelts market.
              APAC will register the highest growth rate of 62.87% among the other regions. Therefore, the automotive seatbelts market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the automotive seatbelts market growth are:
              • Increasing use of electronic components in vehicles
              • Seatbelt reminder systems with visual or audible alarm for rear seats
              The automotive seatbelts market vendors should focus on grabbing business opportunities from the passenger vehicles segment as it accounted for the largest market share in the base year.
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