P)safety regulations

Driving motor vehicles can be extremely dangerous. Although we like to think of airplanes as being unsafe, the truth is that you’re significantly more likely to have a car or motorcycle accident than to be involved in a plane crash. As a result of this, governments across the world enforce strict safety regulations around the automotive industry. Not only do these regulations govern the manufacturing of motor vehicles — providing specific build requirements, such as seatbelts, to ensure passenger safety — but they also affect those behind the wheel. This makes it more difficult to launch a new business in the automotive space, helping existing brands to maintain their place in the market.