Automotive Seat Belts Market Size Analysis and Top Companies
The global automotive seat belts market size is estimated to hit around USD 26.33 billion by 2033, increasing from USD 19.03 billion in 2023 with a CAGR of 3.28% from 2023 to 2033. The top companies operating in the automotive seat belts are Autoliv Inc., ZF Friedrichshafen AG, Takata Corporation (now part of Joyson Safety Systems), Continental AG, Robert Bosch GmbH, Delphi Automotive (Aptiv PLC), Denso Corporation, Toyoda Gosei Co., Ltd., Hyundai Mobis, Goradia Industries (Beam's Seatbelts), Far Europe Inc., Key Safety Systems (now part of Joyson Safety Systems), Joyson Safety Systems, Ashimori Industry Co., Ltd., Seatbelt Solutions LLC., and Orthers.
Market Report Coverage
| Report Coverage |
Details |
| Market Size in 2023 |
USD 19.03 Billion |
| Market Size by 2033 |
USD 26.33 Billion |
| Growth Rate from 2023 to 2033 |
CAGR of 3.28% |
| Largest Market |
Asia Pacific |
| Base Year |
2023 |
| Forecast Period |
2024 to 2033 |
| Segments Covered |
Type, Vehicle, Component, Distribution Channel, and Region |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Automotive Seat Belts Key Players
- Key Safety Systems (now part of Joyson Safety Systems)
- Joyson Safety Systems
- Autoliv Inc.
- ZF Friedrichshafen AG
- Takata Corporation (now part of Joyson Safety Systems)
- Continental AG
- Robert Bosch GmbH
- Delphi Automotive (Aptiv PLC)
- Denso Corporation
- Toyoda Gosei Co., Ltd.
- Hyundai Mobis
- Goradia Industries (Beam's Seatbelts)
- Far Europe Inc.
- Ashimori Industry Co., Ltd.
- Seatbelt Solutions LLC.
Recent Developments
- In July 2019, ZF introduced an innovative external airbag aimed at enhancing vehicle safety. This smart airbag system is designed to mitigate the impact of an oncoming vehicle, minimizing potential damage. The external airbag deploys when it senses an imminent collision, showcasing ZF's commitment to advanced safety technologies.
- In June 2019, Joyson Safety Systems (JSS) announced a significant development through the formation of a Tri-Party Joint Venture in India. This venture involves merging two existing joint ventures – KSS Abhishek Safety Systems Private Limited (a collaboration between JSS and Abhishek Industries) and Takata India Pvt. Ltd (a joint venture between ANAND Group and JSS). The resulting entity, named "Joyson ANAND Abhishek Safety Systems Private Limited" (JAASS), awaits approval from the National Company Law Tribunal (NCLT), signifying a strategic move within the automotive safety systems sector.
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