Global Vehicle Seatbelt Market Size is Expected to Grow to $12.26 Billion by 2028

Global Vehicle Seatbelt Market Overview

According to Global Market Monitor, the global vehicle seatbelt market size will reach $10.04 billion in 2023 and is expected to grow to $12.26 billion by 2028.

A vehicle seatbelt is an important part of the auto parts industry. The extensibility enables it to absorb the energy generated during a collision, thereby reducing the probability of personal injury or death. In conjunction with the use of airbags, seatbelts can help correct riding posture and ensure that the airbags can play the greatest role in the event of an accident.

A Large Number of Road Traffic Accidents Threaten the Safety of Life and Property.

Road traffic accidents are one of the leading causes of death worldwide. According to the World Health Organization(WHO), about 1.35 million people die each year in road accidents. In addition, another 49 million people suffer non-fatal injuries, many of whom are disabled. Given the alarming number of traffic accident victims worldwide, governments have introduced strict guidelines for wearing automotive seat belts. 

Regional Market Status

North America had the highest growth rate of all regions. In North America, the use of automotive seatbelts is widely enforced and regulated to improve road safety. Each jurisdiction regulates automotive seat belt laws but requires all vehicle occupants to wear seat belts while in motion. Failure to comply with these laws may result in fines or other penalties.  Vehicle production and sales increase in developing countries such as China, India, and Japan. China's automotive seatbelt market is driven by increasing vehicle production, upgrading of road infrastructure, and stringent road safety norms. The rising demand for luxury vehicles in countries such as Japan will further propel the market growth.

Leading companies are developing advanced technologies such as reminding drivers to fasten their seat belts while driving. For example, the smart seat belt developed by Nissan uses an electric retractor to control the seat and the locking action of this system helps occupants and drivers safe. These factors are driving the market growth.

By Type	Passive
	Active
By Application	Commercial Vehicle
	Passenger Car
	Others
	The passenger car segment occupied the biggest share in 2022.
By Region	North America
	Europe
	Asia-Pacific
	Latin America
	Middle East & Africa
	North America had the highest growth rate of all regions.