PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1218794
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1218794
Automotive Seat Belt Load Limiter Market Forecasts to 2028 - Global Analysis By Seat, By Technology, By Vehicle and Geography
According to Stratistics MRC, the Global Automotive Seat Belt Load Limiter Market is accounted for $4.52 billion in 2022 and is expected to reach $8.01 billion by 2028 growing at a CAGR of 10% during the forecast period. Vehicle Seatbelt With the help of a load limiter, the force of the seat belt on the chest will only increase up to a point where serious injury is unlikely. The use of load limiters technology helps shield passengers from harm caused by their seatbelts. The webbing is slowly released by the load limiter to exert minimal force on the travellers' chests. Digressive load limiters and progressive load limiters are the two types of load limiters currently available on the market. Governments all over the world have established guidelines for the manufacturers to incorporate adequate safety into their products because automobile accidents result in a lot of fatalities. The use of load limiters technology helps shield passengers from harm caused by their seatbelts.
According to OICA, automotive production in China was pegged at around 28.1 Mn unit, i.e. around 29.4% of the global production. With such significant growth in automotive production, the demand for automotive seat belt fabrics is expected to increase steadily over the forecast period.
Market Dynamics:
Driver:
Growing awareness regarding safety and strict traffic rules
Due to stricter traffic regulations and growing public awareness of safety, the demand for automotive seatbelts is expected to rise significantly over the forecast period. When a passenger is wearing a seatbelt, their level of safety is confirmed, preventing serious injuries in the event of an accident or collision. It can maintain body stillness and offer superior comfort during abrupt turns. Governments all over the world have established guidelines for manufacturers to incorporate adequate safety into their products because automobile accidents result in a lot of fatalities. Such aspects are driving the growth of the market.
Restraint:
High replacement cost of seatbelt retractors
The market's key challenge is the high cost of seatbelt retractors when they need to be replaced. Retractors are also not widely available from manufacturers at affordable prices. Consumers' expectations for this retractor's durability are not met. As a result, most customers are hesitant to purchase a vehicle with an advanced retractor. In some instances, the retractor malfunctions after a year of use, causing the seatbelt to not retract properly. Therefore, the market's growth during the forecast period will be constrained by retractor malfunctions and high replacement costs.
Opportunity:
Development of advanced technologies
Cars are given a safety rating by various organisations and brand-new car valuation programmes, facilitating the development of technology in this area. Belt Pro technology is a vehicle innovation that offers defence against health risks brought on by bacteria found on seat belts. In passenger vehicles, where many people use seatbelts, this technology is becoming more prevalent. The seatbelt surface bacteria are protected from exposure by Belt Pro technology. Additionally, the manufacturers' primary focus areas include technological advancements and strategic mergers and acquisitions.
Threat:
Strict regulations and lack of awareness
Local and new competitors in the automotive seat belt load limiter market struggle to adhere to strict legal requirements, meet demanding industry standards, and simultaneously reduce production costs. Additionally, there has been a lack of awareness in areas like underdeveloped nations. However, a lot of brand-new companies are emerging in emerging nations, particularly in Asia Pacific, to take advantage of the region's rapidly expanding automotive industry.
COVID-19 Impact
The rapid spread of the COVID-19 pandemic, which began in China, has had a significant impact on the global automotive industry, especially value and supply chain stakeholders. Suppliers from all over the world have quarantined or completely shut down production lines as a result of the disease. The lack of necessary components and the limited supply were further exacerbated by legal and commercial restrictions, such as closed borders, particularly for raw materials from Asia, such as steel components, paints, and machinery. As a result, there was a sizable delay in the delivery of earlier orders. Due to the coronavirus pandemic, businesses like Denso Corporation and Toyoda Gosei have seen a significant drop in revenue of between 10 and 12%. Therefore, the companies in the automotive seatbelt load limiter industry have been severely impacted by the decline in sales of luxury vehicles and consumers' delayed purchases of cars.
The Passenger Vehicle segment is expected to be the largest during the forecast period
During the forecast period, the passenger vehicle segment is anticipated to have the largest share of the market. More than two-thirds of total demand is now met by the passenger car segment, which is a result of strict government regulations and rising consumer awareness of on-road safety measures. Additionally, producers are anticipated to concentrate on creating affordable safety systems with a focus on rear passenger seat belts, which are fueling the segment's growth.
The Digressive Load Limiters segment is expected to have the highest CAGR during the forecast period
During the forecast period, the digressive load limiter market is estimated to witness the highest CAGR. The traveler's load or force is gradually reduced by the digressive load limiter. In the global market for automotive seat belt load limiters, this technology is very popular. A digressive load limiter is used to limit the load placed on the seat belt system's webbing. Moreover, it maintains the slackness or tightness of the load seat webbing and stops it from applying too much pressure. Such wide usage is boosting the segment's growth.
Region with largest share:
North America dominated the automotive seat belt load limiter market and is expected to be the largest during the forecast period. The market in the North American region is driven by high spending on product innovation and the quick adoption rate of cutting-edge technology due to the increasing stringent government regulations for vehicle safety and standards.
Region with highest CAGR:
During the projection period, Asia-Pacific is anticipated to experience the highest CAGR due to the rising production of vehicles in the region. The growth of the regional market is booming due to the emerging economies of China, India, Japan, and South Korea. Moreover, increased foreign investments as well as an increase in the number of manufacturing facilities are promoting the market in this region.
Key players in the market
Some of the key players profiled in the Automotive Seat Belt Load Limiter Market include Continental AG, Denso Corporation, Seat Belt Solution, Toyoda Gosei Co. Ltd, Far Europe, APV Safety Products, Autoliv, Beam's Seat Belts, Belt-tech, BERGER GROUP, Goradia Industries, Joyson Safety Systems, Hyundai Mobis, Kingfisher Automotive, Seat Belt Solutions and Tokai Rika Co Ltd.
Key Developments:
In July 2021, Autoliv, Inc., a worldwide leader in automotive safety systems, has opened up a new sound and vibration laboratory is at Ogden Technical Center (OTC), which has been designed specifically for the development of automotive safety restraint equipment (airbags, seat belts, steering wheels, etc.).
In February 2021, Joyson Safety Systems (JSS), a provider of mobility safety systems such as airbags, seat belts, steering wheels, electronic safety systems, and child seat systems, will provide a driver attention system that includes several safety components such as seatbelts, airbags, electronic safety system to General Motors for hands-free driver assistance capabilities. Driver Attention System determines driver attentiveness. This system detects a driver's head pose and eye gaze and accurately determines the drivers' alertness.
Seats Covered:
- Front
- Rear
Technologies Covered:
- Digressive Load Limiters
- Progressive Load Limiters
- Adaptive/ Switchable
Vehicles Covered:
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Technology Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Automotive Seat Belt Load Limiter Market, By Seat
- 5.1 Introduction
- 5.2 Front
- 5.3 Rear
6 Global Automotive Seat Belt Load Limiter Market, By Technology
- 6.1 Introduction
- 6.2 Digressive Load Limiters
- 6.3 Progressive Load Limiters
- 6.4 Adaptive/ Switchable
7 Global Automotive Seat Belt Load Limiter Market, By Vehicle
- 7.1 Introduction
- 7.2 Passenger Vehicle
- 7.2.1 Utility Vehicle (UV)
- 7.2.2 Hatchback
- 7.2.3 Sedan
- 7.3 Light Commercial Vehicle
- 7.4 Heavy Commercial Vehicle
8 Global Automotive Seat Belt Load Limiter Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Continental AG
- 10.2 Denso Corporation
- 10.3 Seat Belt Solution
- 10.4 Toyoda Gosei Co. Ltd
- 10.5 Far Europe
- 10.6 APV Safety Products
- 10.7 Autoliv
- 10.8 Beam's Seat Belts
- 10.9 Belt-tech
- 10.10 BERGER GROUP
- 10.11 Goradia Industries
- 10.12 Joyson Safety Systems
- 10.13 Hyundai Mobis
- 10.14 Kingfisher Automotive
- 10.15 Seat Belt Solutions
- 10.16 Tokai Rika Co Ltd
List of Tables
- 1 Global Automotive Seat Belt Load Limiter Market Outlook, By Region (2020-2028) ($MN)
- 2 Global Automotive Seat Belt Load Limiter Market Outlook, By Seat (2020-2028) ($MN)
- 3 Global Automotive Seat Belt Load Limiter Market Outlook, By Front (2020-2028) ($MN)
- 4 Global Automotive Seat Belt Load Limiter Market Outlook, By Rear (2020-2028) ($MN)
- 5 Global Automotive Seat Belt Load Limiter Market Outlook, By Technology (2020-2028) ($MN)
- 6 Global Automotive Seat Belt Load Limiter Market Outlook, By Digressive Load Limiters (2020-2028) ($MN)
- 7 Global Automotive Seat Belt Load Limiter Market Outlook, By Progressive Load Limiters (2020-2028) ($MN)
- 8 Global Automotive Seat Belt Load Limiter Market Outlook, By Adaptive/ Switchable (2020-2028) ($MN)
- 9 Global Automotive Seat Belt Load Limiter Market Outlook, By Vehicle (2020-2028) ($MN)
- 10 Global Automotive Seat Belt Load Limiter Market Outlook, By Passenger Vehicle (2020-2028) ($MN)
- 11 Global Automotive Seat Belt Load Limiter Market Outlook, By Utility Vehicle (UV) (2020-2028) ($MN)
- 12 Global Automotive Seat Belt Load Limiter Market Outlook, By Hatchback (2020-2028) ($MN)
- 13 Global Automotive Seat Belt Load Limiter Market Outlook, By Sedan (2020-2028) ($MN)
- 14 Global Automotive Seat Belt Load Limiter Market Outlook, By Light Commercial Vehicle (2020-2028) ($MN)
- 15 Global Automotive Seat Belt Load Limiter Market Outlook, By Heavy Commercial Vehicle (2020-2028) ($MN)
- 16 North America Automotive Seat Belt Load Limiter Market Outlook, By Country (2020-2028) ($MN)
- 17 North America Automotive Seat Belt Load Limiter Market Outlook, By Seat (2020-2028) ($MN)
- 18 North America Automotive Seat Belt Load Limiter Market Outlook, By Front (2020-2028) ($MN)
- 19 North America Automotive Seat Belt Load Limiter Market Outlook, By Rear (2020-2028) ($MN)
- 20 North America Automotive Seat Belt Load Limiter Market Outlook, By Technology (2020-2028) ($MN)
- 21 North America Automotive Seat Belt Load Limiter Market Outlook, By Digressive Load Limiters (2020-2028) ($MN)
- 22 North America Automotive Seat Belt Load Limiter Market Outlook, By Progressive Load Limiters (2020-2028) ($MN)
- 23 North America Automotive Seat Belt Load Limiter Market Outlook, By Adaptive/ Switchable (2020-2028) ($MN)
- 24 North America Automotive Seat Belt Load Limiter Market Outlook, By Vehicle (2020-2028) ($MN)
- 25 North America Automotive Seat Belt Load Limiter Market Outlook, By Passenger Vehicle (2020-2028) ($MN)
- 26 North America Automotive Seat Belt Load Limiter Market Outlook, By Utility Vehicle (UV) (2020-2028) ($MN)
- 27 North America Automotive Seat Belt Load Limiter Market Outlook, By Hatchback (2020-2028) ($MN)
- 28 North America Automotive Seat Belt Load Limiter Market Outlook, By Sedan (2020-2028) ($MN)
- 29 North America Automotive Seat Belt Load Limiter Market Outlook, By Light Commercial Vehicle (2020-2028) ($MN)
- 30 North America Automotive Seat Belt Load Limiter Market Outlook, By Heavy Commercial Vehicle (2020-2028) ($MN)
- 31 Europe Automotive Seat Belt Load Limiter Market Outlook, By Country (2020-2028) ($MN)
- 32 Europe Automotive Seat Belt Load Limiter Market Outlook, By Seat (2020-2028) ($MN)
- 33 Europe Automotive Seat Belt Load Limiter Market Outlook, By Front (2020-2028) ($MN)
- 34 Europe Automotive Seat Belt Load Limiter Market Outlook, By Rear (2020-2028) ($MN)
- 35 Europe Automotive Seat Belt Load Limiter Market Outlook, By Technology (2020-2028) ($MN)
- 36 Europe Automotive Seat Belt Load Limiter Market Outlook, By Digressive Load Limiters (2020-2028) ($MN)
- 37 Europe Automotive Seat Belt Load Limiter Market Outlook, By Progressive Load Limiters (2020-2028) ($MN)
- 38 Europe Automotive Seat Belt Load Limiter Market Outlook, By Adaptive/ Switchable (2020-2028) ($MN)
- 39 Europe Automotive Seat Belt Load Limiter Market Outlook, By Vehicle (2020-2028) ($MN)
- 40 Europe Automotive Seat Belt Load Limiter Market Outlook, By Passenger Vehicle (2020-2028) ($MN)
- 41 Europe Automotive Seat Belt Load Limiter Market Outlook, By Utility Vehicle (UV) (2020-2028) ($MN)
- 42 Europe Automotive Seat Belt Load Limiter Market Outlook, By Hatchback (2020-2028) ($MN)
- 43 Europe Automotive Seat Belt Load Limiter Market Outlook, By Sedan (2020-2028) ($MN)
- 44 Europe Automotive Seat Belt Load Limiter Market Outlook, By Light Commercial Vehicle (2020-2028) ($MN)
- 45 Europe Automotive Seat Belt Load Limiter Market Outlook, By Heavy Commercial Vehicle (2020-2028) ($MN)
- 46 Asia Pacific Automotive Seat Belt Load Limiter Market Outlook, By Country (2020-2028) ($MN)
- 47 Asia Pacific Automotive Seat Belt Load Limiter Market Outlook, By Seat (2020-2028) ($MN)
- 48 Asia Pacific Automotive Seat Belt Load Limiter Market Outlook, By Front (2020-2028) ($MN)
- 49 Asia Pacific Automotive Seat Belt Load Limiter Market Outlook, By Rear (2020-2028) ($MN)
- 50 Asia Pacific Automotive Seat Belt Load Limiter Market Outlook, By Technology (2020-2028) ($MN)
- 51 Asia Pacific Automotive Seat Belt Load Limiter Market Outlook, By Digressive Load Limiters (2020-2028) ($MN)
- 52 Asia Pacific Automotive Seat Belt Load Limiter Market Outlook, By Progressive Load Limiters (2020-2028) ($MN)
- 53 Asia Pacific Automotive Seat Belt Load Limiter Market Outlook, By Adaptive/ Switchable (2020-2028) ($MN)
- 54 Asia Pacific Automotive Seat Belt Load Limiter Market Outlook, By Vehicle (2020-2028) ($MN)
- 55 Asia Pacific Automotive Seat Belt Load Limiter Market Outlook, By Passenger Vehicle (2020-2028) ($MN)
- 56 Asia Pacific Automotive Seat Belt Load Limiter Market Outlook, By Utility Vehicle (UV) (2020-2028) ($MN)
- 57 Asia Pacific Automotive Seat Belt Load Limiter Market Outlook, By Hatchback (2020-2028) ($MN)
- 58 Asia Pacific Automotive Seat Belt Load Limiter Market Outlook, By Sedan (2020-2028) ($MN)
- 59 Asia Pacific Automotive Seat Belt Load Limiter Market Outlook, By Light Commercial Vehicle (2020-2028) ($MN)
- 60 Asia Pacific Automotive Seat Belt Load Limiter Market Outlook, By Heavy Commercial Vehicle (2020-2028) ($MN)
- 61 South America Automotive Seat Belt Load Limiter Market Outlook, By Country (2020-2028) ($MN)
- 62 South America Automotive Seat Belt Load Limiter Market Outlook, By Seat (2020-2028) ($MN)
- 63 South America Automotive Seat Belt Load Limiter Market Outlook, By Front (2020-2028) ($MN)
- 64 South America Automotive Seat Belt Load Limiter Market Outlook, By Rear (2020-2028) ($MN)
- 65 South America Automotive Seat Belt Load Limiter Market Outlook, By Technology (2020-2028) ($MN)
- 66 South America Automotive Seat Belt Load Limiter Market Outlook, By Digressive Load Limiters (2020-2028) ($MN)
- 67 South America Automotive Seat Belt Load Limiter Market Outlook, By Progressive Load Limiters (2020-2028) ($MN)
- 68 South America Automotive Seat Belt Load Limiter Market Outlook, By Adaptive/ Switchable (2020-2028) ($MN)
- 69 South America Automotive Seat Belt Load Limiter Market Outlook, By Vehicle (2020-2028) ($MN)
- 70 South America Automotive Seat Belt Load Limiter Market Outlook, By Passenger Vehicle (2020-2028) ($MN)
- 71 South America Automotive Seat Belt Load Limiter Market Outlook, By Utility Vehicle (UV) (2020-2028) ($MN)
- 72 South America Automotive Seat Belt Load Limiter Market Outlook, By Hatchback (2020-2028) ($MN)
- 73 South America Automotive Seat Belt Load Limiter Market Outlook, By Sedan (2020-2028) ($MN)
- 74 South America Automotive Seat Belt Load Limiter Market Outlook, By Light Commercial Vehicle (2020-2028) ($MN)
- 75 South America Automotive Seat Belt Load Limiter Market Outlook, By Heavy Commercial Vehicle (2020-2028) ($MN)
- 76 Middle East & Africa Automotive Seat Belt Load Limiter Market Outlook, By Country (2020-2028) ($MN)
- 77 Middle East & Africa Automotive Seat Belt Load Limiter Market Outlook, By Seat (2020-2028) ($MN)
- 78 Middle East & Africa Automotive Seat Belt Load Limiter Market Outlook, By Front (2020-2028) ($MN)
- 79 Middle East & Africa Automotive Seat Belt Load Limiter Market Outlook, By Rear (2020-2028) ($MN)
- 80 Middle East & Africa Automotive Seat Belt Load Limiter Market Outlook, By Technology (2020-2028) ($MN)
- 81 Middle East & Africa Automotive Seat Belt Load Limiter Market Outlook, By Digressive Load Limiters (2020-2028) ($MN)
- 82 Middle East & Africa Automotive Seat Belt Load Limiter Market Outlook, By Progressive Load Limiters (2020-2028) ($MN)
- 83 Middle East & Africa Automotive Seat Belt Load Limiter Market Outlook, By Adaptive/ Switchable (2020-2028) ($MN)
- 84 Middle East & Africa Automotive Seat Belt Load Limiter Market Outlook, By Vehicle (2020-2028) ($MN)
- 85 Middle East & Africa Automotive Seat Belt Load Limiter Market Outlook, By Passenger Vehicle (2020-2028) ($MN)
- 86 Middle East & Africa Automotive Seat Belt Load Limiter Market Outlook, By Utility Vehicle (UV) (2020-2028) ($MN)
- 87 Middle East & Africa Automotive Seat Belt Load Limiter Market Outlook, By Hatchback (2020-2028) ($MN)
- 88 Middle East & Africa Automotive Seat Belt Load Limiter Market Outlook, By Sedan (2020-2028) ($MN)
- 89 Middle East & Africa Automotive Seat Belt Load Limiter Market Outlook, By Light Commercial Vehicle (2020-2028) ($MN)
- 90 Middle East & Africa Automotive Seat Belt Load Limiter Market Outlook, By Heavy Commercial Vehicle (2020-2028) ($MN)
