What’s driving the Automotive Seatbelt Market Growth? | Leading Key Players are Autoliv Inc., ZF Friedrichshafen AG, GWR Co, Goradia Industries, Takata, Ashimori Industry, Co., Ltd, BK Seat Belt

Technological developments is expected to promote the automotive seatbelt market growth. The advancements in seatbelts such as inflated seatbelts that provides higher safety by giving the instant protection to rear passenger increases the industry demand. This new technology enables seatbelt to act as small airbag for providing protection to fragile bones of rear seat passengers including children and adults, who are more vulnerable to head, neck and chest injuries.

The proliferating demand for 3-point seat belt is attributed to its benefits over the 2-point seat belt. The 3-point seat belt provides better protection for front and rear passenger. It covers the waist and shoulder area of the occupant that keeps the passenger body straight and reduce the gravitational force impact at the time of collision. The greater safety features encourage the usage of automotive seatbelt market growth.

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Some of the companies in automotive seat belts market are Takata Corporation, ZF TRW Automotive Holdings Corporation, Autoliv AB, Hyundai Mobis Co., Ltd., Toyoda Gosei Co., Ltd., Continental AG, Tokai Rika Co., Ltd., Robert Bosch GmbH, Denso Corporation, Key Safety Systems, Inc., and Delphi Automotive Plc. The recall of the product due to technical failure is the prime concern of the manufacturers.

The companies are developing and testing the products against critical accidents to ensure the compliance with the safety regulations. Long-term contracts with automakers and new technology inclusion are the growth strategies adopted by the manufacturers to retain the automotive seatbelt market share.

By technology, the industry is classified as pretensioner, bag in belt, retractor, active seat belt, seat belt reminder system, and load limiter. Pretensioner acquired the largest share in 2016 owing to high reliability and effective performance. The growth of bag in belt segment is affected by the technical failure of the system. Seat belt reminder and load limiter protect occupants from injuries associated with the product.

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Latin America and the Middle East & Africa are expected to witness an increased demand for vehicles owing to the growing automobile industry and increasing investments by overseas companies in these regions. In the MEA, expanding luxury vehicle market will stimulate the vehicle accessory market during the forecast period.

North America dominates the automotive seatbelt market over the forecast timeframe owing to huge presence of automobile manufacturers including General Motors, Fiat Chrysler Automobiles Ford, etc. The adoption of seatbelt is higher owing to technological advancements and the supportive U.S. government regulations. The government is encouraging implementation of a seatbelt for vehicle occupant's safety boosting the automotive seatbelt market.

Growing automotive seatbelt market demand owing to increasing awareness about the passenger safety and traffic regulations. The safety features provided by automotive seatbelt reduces the risk of high injury and minimize the fatality rate. It gives protection to head, chest, and extremities while collision, thus providing safety to passengers.

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