Various secondary sources, directories, and databases have been used to identify and collect information for an extensive seatbelt material market study. The study involved four main activities in estimating the current size of the seatbelt materials market: secondary research, validation through primary research, assumptions, and market analysis. Exhaustive secondary research was carried out to collect information on the market, such as different seatbelts offered in each row of vehicle body types, seatbelt material types, and upcoming technologies and trends. The next step was to validate these findings, assumptions, and market analysis with industry experts across the value chain through primary research. The top-down approach was employed to estimate the complete market size for different segments considered in this study.
Secondary Research
In the secondary research process, various secondary sources were used to identify and collect helpful information for an extensive commercial study of the seatbelt materials market. Secondary sources included company annual reports/presentations, press releases, industry association publications [such as publications on AMIA - The Mexican Association of the Automotive Industry Automotive Component Manufacturers Association of India (ACMA), Canadian Automobile Association (CAA), China Association of Automobile Manufacturers (CAAM), Databases such as Factiva and Bloomberg, European Automobile Manufacturers' Association (EAMA), Environmental Protection Agency (EPA), International Council on Clean Transportation (ICCT), International Organization of Motor Vehicle Manufacturers (OICA), Investor Presentations and Annual Reports of Key Market Players, Japan Automobile Manufacturers Association (JAMA), Korea Automobile Manufacturers Association (KAMA), National Association of Automobile Manufacturers of South Africa (NAAMSA), other component manufacturer associations, Society of Indian Automobile Manufacturers (SIAM), Corporate Filings (such as annual reports, investor presentations, and financial statements), trade, business, and related associations, International Organization for Standardization, automotive seatbelt manufacturers blogs/articles/magazines, key secondary sources to estimate the seatbelt material market size),seatbelt materials-related magazine articles, directories, technical handbooks, World Economic Outlook, trade websites, and technical articles. Additionally, secondary research and model mapping were carried out to understand the average volume of seatbelt materials, which come with different seatbelt components, and the historical sales of seatbelt components.
Primary Research
In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included industry experts such as CXOs, vice presidents, directors from business development, marketing, product development/innovation teams, and related key executives from various key companies. Various system integrators, industry associations, independent consultants/industry veterans, and key opinion leaders were also interviewed.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side included industry experts such as research and development experts, CEOs, CTOs, COOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from different vital companies operating in the seatbelt materials market.
After the complete market engineering, which included calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. Primary research has also been undertaken to identify and validate the segmentation, industry trends, key players, competitive landscape, and market dynamics, such as drivers, restraints, opportunities, challenges, and key strategies. Extensive qualitative and quantitative analyses were performed on the complete market engineering process to list key information/insights throughout the report.
After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from primaries. This, along with the opinions of in-house experts, led to the conclusions described in the remainder of this report.
Note 1: Others include sales managers, marketing managers, and product managers.
Note 2: Tier 1 companies’ revenues are more than USD 10 billion; tier 2 companies’ revenues range between USD 1 and 10 billion; and tier 3 companies’ revenues range between USD 500 million and USD 1 billion.
Source: Industry Experts
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
A detailed market estimation approach was followed to estimate and validate the volume side of the Seatbelt materials market and other dependent submarkets, as mentioned below:
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The bottom-up approach was used to estimate and validate the market size in terms of volume for the seatbelt material market.
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Various vehicle bodies (sedan, hatchback, SUV 5-seater, SUV 7-seater, trucks, and buses) were considered with different row arrangements according to body type.
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Accordingly, the model mapping was conducted for all the vehicles that were offered with a two or three-row seating arrangement option at the country level.
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Each vehicle type was then multiplied by each seatbelt component (retractor, buckle, anchor, and pillar loop) to obtain the regional-level market for the seatbelt market.
ICE & BEV Seatbelt Material Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall market size of the global market through the methodology mentioned above, this market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact data for the market by value for the key segments and subsegments. The extrapolated market data was triangulated by studying various macro indicators and regional trends from both the demand and supply-side participants.
Market Definition
Seatbelts: An automotive seatbelt, also known as a safety belt, is the primary restraint system (PRS) in vehicles designed to secure the driver or passenger and limit their movement during a collision or sudden stop, thereby reducing the risk of serious or fatal injury. Modern seatbelt webbing is typically made from high-tensile polyester with a strength of about 3,000–6,000 lb (1,400–2,700 kg) and is commonly 46 or 48 mm wide. Seatbelts are equipped with features like emergency locking retractors (ELR), pretensioners, and energy management loops to enhance occupant protection during crashes. Research shows that seatbelts can reduce the risk of fatal injuries for drivers by up to 50% and for front-seat passengers by 45%.
Retractor: The retractor is the male portion of the seatbelt where the actual seatbelt webbing material feeds out. The seatbelt retractor is made up of a spring, some gears, a sensor, a pyrotechnic explosive device, and a mechanism that is engineered to also lock up when a crash or accident occurs.
Buckle: A seatbelt buckle is a fastening device, typically metallic, that secures the seatbelt. It is designed to hold the buckle's tongue, which is attached to the seatbelt webbing, and allows for easy fastening and unfastening with minimal force. The buckle's primary function is to restrain occupants during sudden deceleration or collisions, minimizing the risk of injury.
Anchor: A seatbelt anchor, or latch plate, is the mechanism that connects the seatbelt webbing to the buckle, allowing the belt to be secured. It is a vital part of the seatbelt system, ensuring the belt stays fastened during travel and potentially during a collision. All vehicles are required to have a locking seatbelt feature, either at the retractor or the anchor plate, a requirement known as the lockability standard.
Stakeholders
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Automotive OEMs
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Seatbelt Manufacturers
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Tier 1 & Tier 2 Suppliers
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Regulatory Bodies
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Automotive Active Safety Technology Providers
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Aftermarket Suppliers
Report Objectives
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To define, describe, and forecast the seatbelt material market concerning individual growth trends and prospects and determine the contribution of each segment to the total market
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To forecast the seatbelt material market size by volume (kilotons)
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Seatbelt Material Market (ICE), By Component (Retractor, Buckle, Anchor, and Others)
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Seatbelt Retractor Market (ICE), By Material (Steel/Aluminum, Polycarbonate, and Nylon)
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Seatbelt Buckle Market (ICE), By Material (Steel/Aluminum, Polycarbonate, and Nylon)
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Seatbelt Anchor Market, By Material (Steel/Aluminum and Polycarbonate)
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Seatbelt Material Market, By Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle)
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Seatbelt Material Market (BEV), By Components (Retractors, Buckle, and Anchor)
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Seatbelt Retractor Market (BEV), By Material (Steel/Aluminum, Polycarbonate, and Nylon)
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Seatbelt Buckle Market (BEV), By Material (Steel/Aluminum, Polycarbonate, and Nylon)
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Seatbelt Anchor Market, By Material (Steel/Aluminum and Polycarbonate)
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By Region - Asia Pacific (China, India, Japan, and South Korea), Europe (Germany, UK, France, Spain, and Italy), Americas (US, Canada, Mexico, Argentina, and Brazil)
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To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
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To understand the market dynamics (drivers, restraints, opportunities, and challenges) and conduct patent analysis, key buying criteria, trade analysis, technology analysis, case study analysis, supply chain analysis, regulatory analysis, key conferences and events, and investment scenario
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To analyze the market share of leading players in the seatbelt material market
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To understand the dynamics of the market players and distinguish them into stars, emerging leaders, pervasive players, and participants according to their product portfolio strength and business strategies
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To strategically analyze markets concerning individual growth trends, prospects, and contributions to the total market
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To analyze recent developments, such as partnerships, supply agreements, joint ventures/mergers and acquisitions, geographic expansions, and product developments of key players in the market
Available Customizations
Seatbelt Materials Market, By Pillar Loop
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Polycarbonate
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Steel/Aluminum
Seatbelt Materials Market, By Latch Plate
Detailed Analysis and Profiling of Additional Market Players (Up to 3)
HIGHEST CAGR MARKET BY 2032
INDIA: FASTEST-GROWING MARKET IN THE REGION
Growth opportunities and latent adjacency in ICE & BEV Seatbelt Material Market