Automotive active seat belt system market is to grow by USD 1,941.4 million from 2022 to 2027|Increasing demand for luxury vehicles to boost market growth - Technavio

NEW YORK, July 29, 2023 /PRNewswire/ -- The automotive active seat belt system market is estimated to grow by USD 1,941.4 million from 2022 to 2027, growing at a CAGR of 6.3%, according to Technavio. APAC is estimated to contribute 40% to the growth of the automotive active seat belt system market during the forecast period. The market in the region is growing due to rising demand for commercial vehicles in countries such as China, Japan, South Korea, and India. In addition, the largest automotive export markets in the region include developed automotive markets such as Japan, South Korea, and Australia. Both China and India have large manufacturing industries, most of which are focused on export production. Production in these countries is facilitated by low wages, labor, raw materials, easy access to related transportation services, and the low value of local currencies. Therefore, these factors are expected to drive market growth in the region during the forecast period. For Comprehensive details on the market size of the historical period (2017 to 2021) and forecast period (2023-2027) - View the Sample report

Vendor Landscape
The automotive active seat belt system market is fragmented; the vendors are competing with competitors and are trying to get a greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major vendors have well-established economies of scale and market presence and generally rely on positioning technological advances, and the price of the products -The report provides a full list of key vendors, their strategies, and the latest developments. Buy Now

Market Dynamics

Major Drivers & Challenges

Increasing demand for luxury vehicles is a key factor driving market growth. Due to the change in customer preference, the sales of high-performance luxury vehicles are growing. In recent years demand for luxury sport utility vehicles (SUVs) has increased. This SUV is designed for off-road use and has excellent traction control on a variety of terrains. Off-road vehicles can be subject to severe impacts.  Major vendors such as Continental and Autoliv offer active seat belt systems for passenger cars in the market. Hence, the increasing demand for luxury vehicles is expected to drive market growth during the forecast period.

Uncertainty in the automotive industry is a significant challenge restricting market growth. The rising costs of various raw materials for car production due to Russia's invasion of Ukraine in 2022 had a negative impact on the development of the automotive industry. Western sanctions have halted operations at some of Russia's biggest automakers, including Volkswagen, Skoda Auto, and BMW. The continued uncertainty in the automotive industry is expected to restrict market growth during the forecast period.

Key Trends

The growing integration of advanced features in automotive active seat belt systems is a major trend in the market. Seat belt manufacturers are adopting the latest technology to improve automotive safety applications and occupant protection. For example, Bosch offers integrated collision detection, which enables safety functions such as seatbelts to be activated faster and more reliably. In addition, the automaker also offers an active seatbelt system that gives haptic warnings to passengers in danger. Therefore, the growing integration of advanced features is expected to drive market growth during the forecast period.

Technavio has identified key trends, drivers, and challenges in the market, which will help clients improve their strategies to stay ahead of their competitors. - View Sample Report

Company Profiles

The automotive active seat belt system market report includes information on the product launches, sustainability, and prospects of leading vendors including Ashimori Industry Co. Ltd., Autoliv Inc., Continental AG, Daicel Corp., DENSO Corp., E. Oppermann Mech. Gurt und Bandweberei GmbH, GWR, Hesham Industrial Solutions, Hyundai Motor Group, Infineon Technologies AG, ITW Automotive Products GmbH, Joyson Safety Systems Aschaffenburg GmbH, KSS Abhishek Safety Systems Pvt. Ltd., MG Seating Systems Pvt. Ltd., Motorlamp Auto Electrical Pvt. Ltd., Robert Bosch GmbH, Seatbelt Solutions LLC, Tokai Rika Co. Ltd, Wenzhou Far Europe Automobile Safety System Co. Ltd., and ZF Friedrichshafen AG.

Competitive Analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others.

 Market Segmentation

The market is segmented by application (passenger cars, light commercial vehicles, and heavy commercial vehicles), type (three-point, four-point and above, and two-point), and geography (APAC, Europe, North America, Middle East and Africa, and South America).

• The market share growth by the passenger cars segment will be significant during the forecast period. Demand for passenger cars is increasing due to urbanization and increasing disposable income. Furthermore, strong economic growth has also boosted disposable income for citizens in Middle Eastern countries such as Saudi Arabia, Qatar, and the UAE, as well as emerging economies such as Brazil, India, China, and South Africa. This will increase consumer purchasing power, leading to a steady increase in car sales. Hence, the increasing production of automobiles is expected to drive segment growth during the forecast period.

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Table of Contents

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 Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global automotive active seat belt system market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global automotive active seat belt system market 2017 - 2021 ($ million)

• 4.2 Application Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Passenger cars - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Passenger cars - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Passenger cars - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Passenger cars - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Passenger cars - Year-over-year growth 2022-2027 (%)

• 6.4 Light commercial vehicles - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Light commercial vehicles - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Light commercial vehicles - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Light commercial vehicles - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Light commercial vehicles - Year-over-year growth 2022-2027 (%)

• 6.5 Heavy commercial vehicles - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Heavy commercial vehicles - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Heavy commercial vehicles - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Heavy commercial vehicles - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Heavy commercial vehicles - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Application 
• Exhibit 46: Market opportunity by Application ($ million)
• Exhibit 47: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 48: Chart on Type - Market share 2022-2027 (%)
• Exhibit 49: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 50: Chart on Comparison by Type
• Exhibit 51: Data Table on Comparison by Type

• 7.3 Three-point - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Three-point - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Three-point - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Three-point - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Three-point - Year-over-year growth 2022-2027 (%)

• 7.4 Four-point and above - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Four-point and above - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Four-point and above - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Four-point and above - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Four-point and above - Year-over-year growth 2022-2027 (%)

• 7.5 Two-point - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Two-point - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Two-point - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Two-point - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Two-point - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Type 
• Exhibit 64: Market opportunity by Type ($ million)
• Exhibit 65: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview
• Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 67: Chart on Market share by geography 2022-2027 (%)
• Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 69: Chart on Geographic comparison
• Exhibit 70: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027 
• Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027 
• Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027 
• Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027 
• Exhibit 107: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 111: Market opportunity by geography ($ million)
• Exhibit 112: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 113: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 115: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 116: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 117: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 118: Matrix on vendor position and classification

• 12.3 Autoliv Inc.
• Exhibit 119: Autoliv Inc. - Overview
• Exhibit 120: Autoliv Inc. - Product / Service
• Exhibit 121: Autoliv Inc. - Key news
• Exhibit 122: Autoliv Inc. - Key offerings

• 12.4 Continental AG
• Exhibit 123: Continental AG - Overview
• Exhibit 124: Continental AG - Business segments
• Exhibit 125: Continental AG - Key offerings
• Exhibit 126: Continental AG - Segment focus

• 12.5 Daicel Corp.
• Exhibit 127: Daicel Corp. - Overview
• Exhibit 128: Daicel Corp. - Business segments
• Exhibit 129: Daicel Corp. - Key offerings
• Exhibit 130: Daicel Corp. - Segment focus

• 12.6 DENSO Corp.
• Exhibit 131: DENSO Corp. - Overview
• Exhibit 132: DENSO Corp. - Business segments
• Exhibit 133: DENSO Corp. - Key news
• Exhibit 134: DENSO Corp. - Key offerings
• Exhibit 135: DENSO Corp. - Segment focus

• 12.7 GWR 
• Exhibit 136: GWR - Overview
• Exhibit 137: GWR - Product / Service
• Exhibit 138: GWR - Key offerings

• 12.8 Hesham Industrial Solutions 
• Exhibit 139: Hesham Industrial Solutions - Overview
• Exhibit 140: Hesham Industrial Solutions - Product / Service
• Exhibit 141: Hesham Industrial Solutions - Key offerings

• 12.9 Hyundai Motor Group
• Exhibit 142: Hyundai Motor Group - Overview
• Exhibit 143: Hyundai Motor Group - Business segments
• Exhibit 144: Hyundai Motor Group - Key offerings
• Exhibit 145: Hyundai Motor Group - Segment focus

• 12.10 ITW Automotive Products GmbH 
• Exhibit 146: ITW Automotive Products GmbH - Overview
• Exhibit 147: ITW Automotive Products GmbH - Product / Service
• Exhibit 148: ITW Automotive Products GmbH - Key offerings

• 12.11 Joyson Safety Systems Aschaffenburg GmbH 
• Exhibit 149: Joyson Safety Systems Aschaffenburg GmbH - Overview
• Exhibit 150: Joyson Safety Systems Aschaffenburg GmbH - Product / Service
• Exhibit 151: Joyson Safety Systems Aschaffenburg GmbH - Key offerings

• 12.12 MG Seating Systems Pvt. Ltd. 
• Exhibit 152: MG Seating Systems Pvt. Ltd. - Overview
• Exhibit 153: MG Seating Systems Pvt. Ltd. - Product / Service
• Exhibit 154: MG Seating Systems Pvt. Ltd. - Key offerings

• 12.13 Motorlamp Auto Electrical Pvt. Ltd. 
• Exhibit 155: Motorlamp Auto Electrical Pvt. Ltd. - Overview
• Exhibit 156: Motorlamp Auto Electrical Pvt. Ltd. - Product / Service
• Exhibit 157: Motorlamp Auto Electrical Pvt. Ltd. - Key offerings

• 12.14 Robert Bosch GmbH
• Exhibit 158: Robert Bosch GmbH - Overview
• Exhibit 159: Robert Bosch GmbH - Business segments
• Exhibit 160: Robert Bosch GmbH - Key news
• Exhibit 161: Robert Bosch GmbH - Key offerings
• Exhibit 162: Robert Bosch GmbH - Segment focus

• 12.15 Tokai Rika Co. Ltd
• Exhibit 163: Tokai Rika Co. Ltd - Overview
• Exhibit 164: Tokai Rika Co. Ltd - Product / Service
• Exhibit 165: Tokai Rika Co. Ltd - Key offerings

• 12.16 Wenzhou Far Europe Automobile Safety System Co. Ltd. 
• Exhibit 166: Wenzhou Far Europe Automobile Safety System Co. Ltd. - Overview
• Exhibit 167: Wenzhou Far Europe Automobile Safety System Co. Ltd. - Product / Service
• Exhibit 168: Wenzhou Far Europe Automobile Safety System Co. Ltd. - Key offerings

• 12.17 ZF Friedrichshafen AG
• Exhibit 169: ZF Friedrichshafen AG - Overview
• Exhibit 170: ZF Friedrichshafen AG - Business segments
• Exhibit 171: ZF Friedrichshafen AG - Key news
• Exhibit 172: ZF Friedrichshafen AG - Key offerings
• Exhibit 173: ZF Friedrichshafen AG - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 174: Inclusions checklist
• Exhibit 175: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 176: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 177: Research methodology
• Exhibit 178: Validation techniques employed for market sizing
• Exhibit 179: Information sources

• 13.5 List of abbreviations
• Exhibit 180: List of abbreviations

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