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Automotive Seat Belt Pretensioner Market Likely To Surpass US$ 6 Billion By 2027

Automotive Seat Belt Pretensioner Market

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.
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.

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Growth of the Automotive Seat Belt Pretensioner Market 
  • Road traffic injury is presently one among the leading causes of the death of children and young adults (aged 5 to 29 years), signaling the need for a shift in current road safety standards. Motor vehicle crashes currently represent the eighth-leading cause of deaths, globally.
  • According to the World Health Organization (WHO), deaths from road traffic crashes have increased to 1.35 million a year, which is nearly 3,700 people dying on the world’s roads every day.
  • A majority of drivers and passengers who lose their lives in motor vehicle crashes do not use the seat belt. The belt reduces the impact in case of a frontal collision, and helps avert fatal injuries. Hence, mandates by governments on the seat belt system are likely to create a positive impact on the automotive seat belt pretensioner market during the forecast period.
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. 

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Growth of the Automotive Seat Belt Pretensioner Market 
  • In terms of region, the global automotive seat belt pretensioner market has been segregated into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Asia Pacific leads the global automotive seat belt pretensioner market.
  • The automotive seat belt pretensioner market in Asia Pacific is expanding due to the rising production of vehicles in the region. Furthermore, higher foreign investments in the region supplemented with a rise in the number of manufacturing sites in China, India, Japan, Indonesia, and South Korea are likely to augment the automotive seat belt pretensioner market in Asia Pacific during the forecast period. 
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. 

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