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AU200251 |
Pages: 188 |
Jan 2020 |
The global active seat belt system market forecast will be $ 29,100.0 Million by 2026, increasing from $ 20,645.1 Million in 2018 at a CAGR of 4.4%. Asia-Pacific market size will generate a revenue of $ 15,059.9 Million by 2026. This region dominated the global market owing to the well-established automotive industry in developing countries such as India and China. North American market for active seat belt system, is projected to reach $ 5,767.1 Million during forecasted period.
Active seat belt is a safety system majorly used in vehicles to reducing the lives lost and injuries along with ensuring safety of driver and other occupants. Still, around one in four front-seat passengers and drivers continues to ride without seat belts. Thus, to increase seat belt use, the Parliamentary Advisory Council for Transport Safety (PACTS) acclaimed that not wearing a seat belt will be considered as an endorsable offence with three penalty points. Active seat belt is more advanced that detects threats such as collisions along with provide better safety precautions. Moreover, the significant purpose of a seat belt is to ensure the accurate position of passengers for maximum efficiency of air bags.
Global acceptance for enhanced safety systems coupled with advancements in seat belts are expected to boost the growth of active seat belt system market
Growing global automobile production, increasing demand for integrated safety systems coupled with stringent car safety norms are expected to drive the active seat belt system market growth. For instance, as per the World Health Organization (WHO), around 105 economies representing 5.3 billion people presently have strict laws on the usage of seat belts. In addition, effectiveness of seat belts, and proven safety benefits are predicted to grow the active seat belt system industry.
Market Restraints:
Limited disposable income in the underdeveloped countries & expensive prices of vehicles are anticipated to restrain the global seat belt market growth
Though the vehicle manufacturers are offering seat belts in the vehicles, the adoption of vehicles in lower income nations may be expected to hamper the seat belt system market. Due to the high cost of new vehicles and the increasing purchases of secondhand vehicles will dominate the automotive sector, which in turn restrains the global market.
Active Seat Belt System Market Opportunities:
SBRs gearlocks & interlocks, and cheat devices are expected to create lucrative opportunities in the global active seat belt system market
Latest advancements such as Seat belt reminders (SBRs) are projected to spur the growth of the global market. SBR is a device that can detect the presence of a vehicle passenger also the status of active seat belt. Thus, the effectiveness of seat belt reminders, along with the incorporation of cheat devices, gear locks & interlocks into the seat belts is also expected to enhance the market growth opportunities in the coming future.
Source: Research Dive Analysis
Pre-tensioner segment generated a revenue of $ 8,670.9 Million in 2018 and is anticipated to generate of $ 11,785.5 Million by 2026. This is majorly due to the product’s reliability and effective performance.
Retractors segment generated a revenue of $ 4,541.9 Million in 2018 and is estimated to surpass $ 6,780.3 Million by 2026. This is majorly due to the development of active control retractors which enhances the passenger safety in dangerous situation.
Source: Research Dive Analysis
Passenger vehicle segment generated a revenue of $ 15,218.8 Million in 2018, and is further anticipated to generate $ 21,097.5 Million by 2026.
Passenger cars segment shall foresee a strong growth due to increasing vehicle adoption along with introduction of new vehicle models. Growth in GDP and improved living standards, increased spending power of consumers, and the presence of easy finance options are some of the factors driving the sales of active seat belt system market for passenger cars.
Active Seat Belt System Market system, by Region:
North America region will have enormous opportunities for the market investors to grow over the coming years
Asia-Pacific Active Seat Belt System Market Overview 2026:
Asia-Pacific market size will generate a revenue of $ 15,059.9 Million by 2026. This region dominated the global market owing to the well-established automotive industry in developing countries such as India and China. Also, growing investment by key players is further anticipated to have a positive impact on the active seat belt system market growth over the projected period.
North America Active Seat Belt System Market Forecast 2026:
North American market generated a revenue of $ 3,761.2 Million in 2018, and is projected to surpass $ 5,767.1 Million throughout the forecasted period. The countries such as U.S. and Canada has some key automotive manufacturers. This is one of the key factors which is expected to drive the regional market in the coming years. Moreover, key luxury automobile manufacturers such as Daimler, Ford Motor Company, and General Motors are investing significant amounts for R&D activities to develop the automobiles, and also to improve the passengers’ safety, which will have a positive impact on the market growth.
Source: Research Dive Analysis
Some of the prominent active seat belt system market players include Continental Corporation, Far Europe Holding Limited, Ningbo Joyson Electronics Corp. (Key Safety Systems, inc.), Tokai Rika Co., Ltd., Zf Friedrichshafen Ag (Zf Trw Automotive Holdings Corp.), Autoliv, Inc., Denso Corporation, Hyundai Mobis Co Ltd., Takata Corporation.
Porter’s Five Force Model and Competitive Landscape Analysis:
To gain competitive advantage, these companies investing heavily in the R&D activities to develop highly advanced active seat belt systems for the safety purpose of vehicle occupants. To elaborate more on the intensity of competition among the companies, the porter’s five force model is also discussed in the report.
| Aspect | Particulars |
| Historical Market Estimations | 2018-2019 |
| Base Year for Market Estimation | 2018 |
| Forecast timeline for Market Projection | 2019-2026 |
| Geographical Scope | North America, Europe, Asia-Pacific, LAMEA |
| By Component |
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| Segmentation by Application |
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| Key Countries Covered | U.S., Canada, Germany, France, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia |
| Key Companies Profiled |
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Source: Research Dive Analysis
1. Research Methodology
1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.4.1. Assumptions
1.4.2. Forecast parameters
1.5. Data sources
1.5.1. Primary
1.5.2. Secondary
2. Executive Summary
2.1. 360° summary
2.2. Component
2.3. Application
3. Market Overview
3.1. Market segmentation & definitions
3.2. Key takeaways
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry in the market
3.4. Market dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. Technology landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Market value chain analysis
3.8.1. Stress point analysis
3.9. Strategic overview
4. Active Seat Belt System Market, by Component
4.1. Buckle Lifters
4.1.1. Market size and forecast, by region, 2016-2026
4.1.2. Comparative market share analysis, 2018 & 2026
4.2. Pre-tensioners
4.2.1. Market size and forecast, by region, 2016-2026
4.2.2. Comparative market share analysis, 2018 & 2026
4.3. Retractors
5. Active Seat Belt System Market, by Application
5.1. Passenger Cars
5.1.1. Market size and forecast, by region, 2016-2026
5.1.2. Comparative market share analysis, 2018 & 2026
5.2. Commercial Vehicles
5.2.1. Market size and forecast, by region, 2016-2026
5.2.2. Comparative market share analysis, 2018 & 2026
6. Active Seat Belt System Market, by Region
6.1. North America
6.1.1. Market size and forecast, by Component, 2016-2026
6.1.2. Market size and forecast, by application, 2016-2026
6.1.3. Market size and forecast, by country, 2016-2026
6.1.4. Comparative market share analysis, 2018 & 2026
6.1.5. U.S.
6.1.5.1. Market size and forecast, by Component, 2016-2026
6.1.5.2. Market size and forecast, by application, 2016-2026
6.1.5.3. Comparative market share analysis, 2018 & 2026
6.1.6. Canada
6.1.6.1. Market size and forecast, by Component, 2016-2026
6.1.6.2. Market size and forecast, by application, 2016-2026
6.1.6.3. Comparative market share analysis, 2018 & 2026
6.1.7. Mexico
6.1.7.1. Market size and forecast, by Component, 2016-2026
6.1.7.2. Market size and forecast, by application, 2016-2026
6.1.7.3. Comparative market share analysis, 2018 & 2026
6.2. Europe
6.2.1. Market size and forecast, by Component, 2016-2026
6.2.2. Market size and forecast, by application, 2016-2026
6.2.3. Market size and forecast, by country, 2016-2026
6.2.4. Comparative market share analysis, 2018 & 2026
6.2.5. Germany
6.2.5.1. Market size and forecast, by Component, 2016-2026
6.2.5.2. Market size and forecast, by application, 2016-2026
6.2.5.3. Comparative market share analysis, 2018 & 2026
6.2.6. Spain
6.2.6.1. Market size and forecast, by Component, 2016-2026
6.2.6.2. Market size and forecast, by application, 2016-2026
6.2.6.3. Comparative market share analysis, 2018 & 2026
6.2.7. France
6.2.7.1. Market size and forecast, by Component, 2016-2026
6.2.7.2. Market size and forecast, by application, 2016-2026
6.2.7.3. Comparative market share analysis, 2018 & 2026
6.2.8. Italy
6.2.8.1. Market size and forecast, by Component, 2016-2026
6.2.8.2. Market size and forecast, by application, 2016-2026
6.2.8.3. Comparative market share analysis, 2018 & 2026
6.2.9. Rest of the Europe
6.2.9.1. Market size and forecast, by Component, 2016-2026
6.2.9.2. Market size and forecast, by application, 2016-2026
6.2.9.3. Comparative market share analysis, 2018 & 2026
6.3. Asia-Pacific
6.3.1. Market size and forecast, by Component, 2016-2026
6.3.2. Market size and forecast, by application, 2016-2026
6.3.3. Market size and forecast, by country, 2016-2026
6.3.4. Comparative market share analysis, 2018 & 2026
6.3.5. China
6.3.5.1. Market size and forecast, by Component, 2016-2026
6.3.5.2. Market size and forecast, by application, 2016-2026
6.3.5.3. Comparative market share analysis, 2018 & 2026
6.3.6. Japan
6.3.6.1. Market size and forecast, by Component, 2016-2026
6.3.6.2. Market size and forecast, by application, 2016-2026
6.3.6.3. Comparative market share analysis, 2018 & 2026
6.3.7. India
6.3.7.1. Market size and forecast, by Component, 2016-2026
6.3.7.2. Market size and forecast, by application, 2016-2026
6.3.7.3. Comparative market share analysis, 2018 & 2026
6.3.8. Australia
6.3.8.1. Market size and forecast, by Component, 2016-2026
6.3.8.2. Market size and forecast, by application, 2016-2026
6.3.8.3. Comparative market share analysis, 2018 & 2026
6.3.9. South Korea
6.3.9.1. Market size and forecast, by Component, 2016-2026
6.3.9.2. Market size and forecast, by application, 2016-2026
6.3.9.3. Comparative market share analysis, 2018 & 2026
6.3.10. Rest of the Asia Pacific
6.3.10.1. Market size and forecast, by Component, 2016-2026
6.3.10.2. Market size and forecast, by application, 2016-2026
6.3.10.3. Comparative market share analysis, 2018 & 2026
6.4. LAMEA
6.4.1. Market size and forecast, by Component, 2016-2026
6.4.2. Market size and forecast, by application, 2016-2026
6.4.3. Market size and forecast, by country, 2016-2026
6.4.4. Comparative market share analysis, 2018 & 2026
6.4.5. Brazil
6.4.5.1. Market size and forecast, by Component, 2016-2026
6.4.5.2. Market size and forecast, by application, 2016-2026
6.4.5.3. Comparative market share analysis, 2018 & 2026
6.4.6. Saudi Arabia
6.4.6.1. Market size and forecast, by Component, 2016-2026
6.4.6.2. Market size and forecast, by application, 2016-2026
6.4.6.3. Comparative market share analysis, 2018 & 2026
6.4.7. South Africa
6.4.7.1. Market size and forecast, by Component, 2016-2026
6.4.7.2. Market size and forecast, by application, 2016-2026
6.4.7.3. Comparative market share analysis, 2018 & 2026
6.4.8. Rest of LAMEA
6.4.8.1. Market size and forecast, by Component, 2016-2026
6.4.8.2. Market size and forecast, by application, 2016-2026
6.4.8.3. Comparative market share analysis, 2018 & 2026
7. Company Profiles
7.1. Continental Corporation
7.1.1. Business overview
7.1.2. Financial performance
7.1.3. Product portfolio
7.1.4. Recent strategic moves & developments
7.1.5. SWOT analysis
7.2. Far Europe Holding Limited
7.2.1. Business overview
7.2.2. Financial performance
7.2.3. Product portfolio
7.2.4. Recent strategic moves & developments
7.2.5. SWOT analysis
7.3. Ningbo Joyson Electronics Corp. (Key Safety Systems, inc.)
7.3.1. Business overview
7.3.2. Financial performance
7.3.3. Product portfolio
7.3.4. Recent strategic moves & developments
7.3.5. SWOT analysis
7.4. Tokai Rika Co., Ltd
7.4.1. Business overview
7.4.2. Financial performance
7.4.3. Product portfolio
7.4.4. Recent strategic moves & developments
7.4.5. SWOT analysis
7.5. Zf Friedrichshafen Ag (Zf Trw Automotive Holdings Corp.), Autoliv, Inc.
7.5.1. Business overview
7.5.2. Financial performance
7.5.3. Product portfolio
7.5.4. Recent strategic moves & developments
7.5.5. SWOT analysis
7.6. Denso Corporation
7.6.1. Business overview
7.6.2. Financial performance
7.6.3. Product portfolio
7.6.4. Recent strategic moves & developments
7.6.5. SWOT analysis
7.7. Hyundai Mobis Co Ltd.
7.7.1. Business overview
7.7.2. Financial performance
7.7.3. Product portfolio
7.7.4. Recent strategic moves & developments
7.7.5. SWOT analysis
7.8. Takata Corporation
7.8.1. Business overview
7.8.2. Financial performance
7.8.3. Product portfolio
7.8.4. Recent strategic moves & developments
7.8.5. SWOT analysis
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