The buckle is a component of the seat belt system that locks and releases the tongue attached to the webbing. The buckle is intended to clamp the tongue and let the seat belt to be clipped with very minimal force.
Increase in production of vehicles drives the demand for seat belts, as they are mandatory by law enacted by various governments across the globe. Rise in demand for the seat belts is boosting the demand for the seat belt buckle, as it is integral part of the seat belt system. Rise in production of vehicles coupled by an increase in the demand for safety and comfort and a surge in penetration and demand for ADAS equipped vehicles are key factors that are likely to propel the demand for active seat belt systems. Moreover, standards enacted by governments and organizing bodies related to passenger and driver safety are also key factors driving the automotive seat belt buckle market.
The global automotive seat belt buckle market can be segmented based on technology, seat type, design, sales channel, vehicle type, and region.
Based on technology, the automotive seat belt buckle market can be bifurcated into active seat belt buckle system and passive seat belt buckle system. The conventionally used passive seat belt buckle systems accounted for a prominent share of the market in 2018, owing to major presence of entry- and mid-segment vehicles, which are targeted toward middle-class consumers.
Based on seat type, the automotive seat belt buckle market can be divided into front seat and rear seat. Passenger vehicles have three seat belts in the rear seat, out of which, two are seat belts and one is lap belt. This attributed to the major share held by the rear seat segment. Front seat has only two seat belts and the rear seat has a minimum of three seat belts. Therefore, the rear seat segment accounted for a notable share of the market in 2018.
In terms of design, the automotive seat belt buckle market can be split into two-point, three-point, and four-point & above.
Based on sales channel, the automotive seat belt buckle market can be bifurcated into OEM and aftermarket. Replacement of the seat belt buckle takes place in case of damage to the seat belt system. Replacement of seat belt buckle is included in the aftermarket segment.
In terms of vehicle type, the automotive seat belt buckle market can be segregated into passenger vehicles and commercial vehicles. The passenger vehicles segment can be further sub-segmented into hatchbacks, sedans, and SUVs. The commercial vehicles segment can be further split into light commercial vehicles and heavy commercial vehicles.
Based on region, the automotive seat belt buckle market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific accounts for a major share of the global automotive seat belt buckle market, owing to the higher production of vehicles in China and Japan and rapidly developing economies, especially in ASEAN countries and India.
Key players operating in the global automotive seat belt buckle market include Takata Corporation, Hyundai Mobis Co. Ltd., Tokai Rika Co. Ltd., Autoliv Inc., Key Safety Systems Inc., and Continental AG.
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