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Automotive Seat Belts Market Share

Report ID: GMI1944
Published Date: May 2024
Report Format: PDF

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Automotive Seat Belts Market Share

The automotive seat belts industry is consolidated due to the presence of local and global players. In 2023, players, such as Autoliv Inc., ZF Friedrichshafen AG, Joyson Safety Systems, Takata Corporation, Hyundai Mobis Co., Ltd., Robert Bosch GmbH, Continental AG, and Denso Corporation, collectively held around 10%-15% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.

Automotive Seat Belts Market Companies

Major companies operating in the automotive seat belts industry are:

Autoliv Inc.
Continental AG
Denso Corporation
Far Europe Inc.
Goradia Industries
Hyundai Mobis Co., Ltd.
Joyson Safety Systems
Key Safety Systems
Robert Bosch GmbH
Schrader International Inc.
Takata Corporation
Tokai Rika Co., Ltd.
Toyoda Gosei Co., Ltd.
TRW Automotive
ZF Friedrichshafen AG

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive seat belts reached USD 19.4 billion in 2023 and is set to witness 5.2% CAGR from 2024 to 2032, due to the increasing production and sales of automotive vehicles.

The three-point seat belts type segment accounted for USD 16 billion in revenue in 2023, owing to their safety performance and effectiveness.

The passenger cars segment in the automotive seat belts industry accounted for 42% market share in 2023, on account of the growing concerns related to rising number of road accidents and fatal injuries.

North America market accounted for USD 4.3 billion in revenue in 2023, attributed to the stringent safety regulations and standards mandated by government agencies.