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Market Overview of Global Vehicle Seatbelt market:
According to our latest research, the global Vehicle Seatbelt market looks promising in the next 5 years. As of 2022, the global Vehicle Seatbelt market was estimated at USD 9618.84 million, and it's anticipated to reach USD 12660.6 million in 2028, with a CAGR of 4.69% during the forecast years.
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.
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.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Vehicle Seatbelt market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Vehicle Seatbelt Market Report:
Market Size Estimates: Vehicle Seatbelt market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Vehicle Seatbelt market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Vehicle Seatbelt market
Segment Market Analysis: Vehicle Seatbelt market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Vehicle Seatbelt market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Vehicle Seatbelt Market: Revenue and sales volume of major countries in each region
Vehicle Seatbelt Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Vehicle Seatbelt market in major regions.
Vehicle Seatbelt Industry Value Chain: Vehicle Seatbelt market raw materials & suppliers, manufacturing process, distributors, downstream customers
Vehicle Seatbelt Industry News, Policies & Regulations
Key players in the global Vehicle Seatbelt market are covered in Chapter 12:
Autoliv
Joyson Safety Systems
Ashimori Industry
Beam's Seatbelts
Tokai Rika Co.Ltd
TRW Automotive
Jiangsu Jiujiu Traffic Facilities
Quick fit Safety Belt Services
Heshan Changyu Hardware
Berger Group
APV Safety Products
In Chapter 2 and Chapter 15.1, based on types, the Vehicle Seatbelt market from 2018 to 2028 is primarily split into:
Passive
Active
In Chapter 3 and Chapter 15.2, based on applications, the Vehicle Seatbelt market from 2018 to 2028 covers:
Commercial Vehicle
Passenger Car
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Vehicle Seatbelt market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028