Automobile Seat Belt Market Insights Video

According to Cognitive Market Research, The Global Automobile Seat Belt market is USD 14951.2 million in 2023 and will expand at a compound annual growth rate (CAGR) of 5.50% from 2023 to 2030.

• North America Automobile Seat Belt held the major market of more than 40% of the global revenue with market size of USD 5980.48 million in 2023 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2023 to 2030.
• Europe Automobile Seat Belt accounted for a share of over 30% of the global market size of USD 4485.36 million in 2023.
• Asia Pacific Automobile Seat Belt held the market more than 23% of the global revenue with a market size of USD 3438.78 million in 2023 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2023 to 2030.
• Latin America Automobile Seat Belt market has more than 5% of the global revenue with a market size of USD 747.56 million in 2023 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2023 to 2030.
• Middle East and Africa Automobile Seat Belt held the major market of more than 2% of the global revenue with a market size of USD 299.02 million in 2023 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030.
• The demand for automobile seat belts is rising due to the increasing concern for safety while driving.
• Demand for 3-point seat belts remains higher in the automobile seat belt market.
• The passenger cars segment held the highest automobile seat belt market revenue share in 2023.