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I AgreeAutomotive | Jun 05, 2019
Transparency Market Research has published a new report titled, 'Global Automotive Seat Belt Pretensioner Market (Technology: Retractors, Buckles, and Anchors; Seat: Rear and Front Seat; Vehicle: Passenger Vehicles and Commercial Vehicles) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027'. According to the report, the global automotive seat belt pretensioner market is projected to surpass US$ 6 Bn by 2027, expanding at a CAGR of above 5% during the forecast period.
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Automotive Seat Belt Pretensioner Market: Overview
According to the report, the global automotive seat belt pretensioner market is likely to be driven by a range of macroeconomic and industry-specific factors. Asia Pacific is expected to be at the forefront of global demand, with the automotive seat belt pretensioner market in the region expanding at a CAGR of more than 5% between 2019 and 2027.
Growth of the Automotive Seat Belt Pretensioner Market
In terms of technology, the global automotive seat belt pretensioner market has been divided into retractors, buckles, and anchors. The retractors segment is likely to be a major market shareholder in the automotive seat belt pretensioner market, as most manufacturers prefer installing the pretensioner along with the retractor unit, since a combination of the retractor and pretensioner possesses a higher retraction force to hold the occupant firmly on the seat. The
buckle is another preferred combination for installing an automotive seat belt pretensioner, after the retractor. In some buckle pretensioners, mechanical pretensioners are used to retract the seat belt in case of sudden deceleration of the vehicle.
Based on seat, the automotive seat belt pretensioner market has been divided into rear and front seat. The front seat segment is likely to hold a large share in the automotive seat belt pretensioner market, as pretensioners are installed in most of the front seats; on rear seats, only premium vehicle manufacturers provide pretensioner-equipped seat belts.
The adoption of high technology seat belts is likely to boost the market for automotive seat belt pretensioners over the forecast period. The adoption of advanced technology seat belts that are more expensive than those incorporated in rear seats contributed to the high market share held by the front seat segment in the automotive seat belt pretensioner market 2018.
In terms of vehicle, the automotive seat belt pretensioner market has been divided into passenger vehicles, light commercial vehicles, and heavy commercial vehicles. The increasing demand for light commercial vehicles due to rising investments in SMEs (small and medium enterprises) is likely to propel the light commercial vehicle segment during the forecast period, which, in turn, is likely to boost the market for automotive seat belt pretensioners over the forecast period.
Growth of the Automotive Seat Belt Pretensioner Market
Prominent players operating in the global automotive seat belt pretensioner market include APV Safety Products, Autoliv Inc., Beam's Seat belts, Belt-tech, BERGER GROUP, Continental AG, DENSO Corporation., Far Europe Inc., Goradia Industries, GWR Co., Joyson Safety Systems, Seat belt Solutions LLC, TOKAIRIKA, CO, LTD, and ZF Friedrichshafen AG.
The global automotive seat belt pretensioner market has been segmented as follows:
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