According to the research report titled ‘Automotive Seat belts Market Size By Type (2-Point Seatbelts, 3-Point Seatbelts), By Vehicle (Passenger Cars, LCV, HCV), By Component (Webbing Strap, Retractors, Buckles, Tongues, Pillar Loops), By Distribution Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with MarketStudyReport, automotive seat belts market is anticipated to witness notable growth through 2026.

Report findings suggest that global automotive seat belts market is driven by increasing vehicle production, growing awareness about seat belt rules in different countries, and numerous benefits associated with wearing seat belts.

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For the unversed, the use of seatbelts has been shown to significantly minimise the number and severity of injuries sustained in a car collision. Contact with the car roof, dashboard, windscreen, cabin interior, and steering wheel causes many injuries to passengers and drivers which can be prevented by wearing seat belts.

Based on type terrain, the market is split into 3-points seatbelts and 2-points seatbelts. In terms of vehicle, the industry is divided into HCV, LCV, and passenger cars. On the basis of distribution channel, worldwide automotive seat belts marketplace is bifurcated into aftermarket and OEM.

Speaking of component, the industry is branched into pillar loops, tongues, buckles, retractors, and webbing strap. Among these, the pillar loop segment is expected to grow at a CAGR of 3% over the projection period, owing to rising use of seatbelts in automobiles, especially three-point seat belt system.

Considering the regional landscape, Latin America industry holds significant revenue share at present and is anticipated to grow substantially, due to rising automobile sales in the region.

Whereas Middle East & Africa market is expected to record 4.5% CAGR over the forecast duration, because of rising demand for light commercial vehicles in the region.

The key players in global automotive seat belts industry are ZF TRW Automotive Holdings Corp., Tokai Rika Co., Ltd., Toyoda Gosei Co., Ltd., Ashimori Industry Co., Ltd., Ningbo BX Automotive Co., Ltd., Joyson Safety Systems, Hyundai Mobis Co., Ltd., GWR Safety Systems, Inc., Goradia Industries, Continental AG, and B.K. Seat Belts Co., Ltd.