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Automotive Seat Belts Market Trends, Top Companies, Share, Growth And Forecast 2033
Automotive Seat Belts Market
As per the report, the automotive seat belts market size has grown strongly in recent years. It will grow from $13.77 billion in 2023 to $14.73 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The automotive seat belts market size is expected to see strong growth in the next few years. It will grow to $18.4 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%.
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Surge In Road Accidents Spurs Demand For Automotive Seat Belts
Increasing road accidents are expected to propel the growth of the automotive seat belt market going forward. Road accidents refer to unexpected events involving vehicles on a road that result in damage, injury, or death. Automotive seat belts enhance vehicle safety by reducing the severity of injuries in road accidents during unexpected halts or collisions, thereby reducing the risk of injury or fatalities. For instance, in January 2024, according to the Bureau of Infrastructure and Transport Research Economics (BITRE), an Australia-based government agency, road fatalities surged by 7.3% in 2023, reaching a total of 1,266, compared to 1,180 in the previous year. Therefore, increasing road accidents are driving the growth of the automotive seat belt market.
Innovative Heated Seat Belt Technology Enhances Comfort And Efficiency In Electric Vehicles
Major companies operating in the automotive seat belt market are increasing their focus on developing innovative solutions, such as heated seat belt technology, to increase their profitability in the market. Heated seat belt technology in automotive refers to the integration of heating elements into seat belts, enhancing occupant comfort by providing warmth during cold weather conditions. For instance, in January 2023, ZF Friedrichshafen, a Germany-based engineering technology company, launched Heat Belt, an innovative heated seatbelt for electric vehicles that enhances occupant warmth in cold climates. This advancement aims to reduce interior heating energy consumption, potentially extending an EV's range by up to 15% in chilly conditions. Woven into the seatbelt structure, the heating conductors allow it to function conventionally, delivering close-to-body warmth as soon as the vehicle is in motion.
The automotive seat belts market covered in this report is segmented -
1) By Seat Belt Type: Three-Point, Five-Point
2) By Vehicles: Passenger Cars, Light Commercial Vehicles, Buses, Trucks
3) By Technology: Pretensioner Automotive Seatbelts, Retractor Automotive Seatbelts, Active Automotive Seatbelts, Inflatable Automotive Seatbelts, Load Limiter Automotive Seatbelts, Reminder Automotive Seatbelts
4) By Sales Channel: Original Equipment Manufacturer(OEM), Aftermarket
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Major companies operating in the automotive seat belts market report are Robert Bosch GmbH, DENSO CORPORATION, Volvo Group, Continental AG, Hyundai Mobis Co. Ltd., Forvia Faurecia SE, Toshiba Corporation, Lear Corporation , Aptiv PLC, Autoliv Inc., Toyoda Gosei Co. Ltd., Joyson Safety Systems Aschaffenburg GmbH, Tokai Rika Co. Ltd., Takata Seat Belts Inc., Tokin Corporation, Ashimori Industry Co. Ltd., Simpson Performance Products , Schroth Safety Products, Sabelt S.p.A., Holmbergs Safety System Holding AB, Fasching Salzburg GmbH, GWR Safety Systems, Goradia Industries (Beam's Seatbelts), APV Corporation, Far Europe Inc., Kingfisher Automotive Pte. Ltd., BERGER Group, Midwest Precision Products, BK Seat Belt Co. Ltd., Granat Industries Inc.
Contents of the report:
1. Executive Summary
2. Automotive Seat Belts Market Report Structure
3. Automotive Seat Belts Market Trends And Strategies
4. Automotive Seat Belts Market - Macro Economic Scenario
5. Automotive Seat Belts Market Size And Growth
…..
27. Automotive Seat Belts Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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