Automotive Seat Belt Pretensioner Market Synopsis
Automotive seat belt pretensioner market is expected to grow around 7.2% CAGR, during forecast period.
The automotive industry has undergone various technological advancements in both, passenger and commercial vehicles, over the last couple of years. The global market has acknowledged these advancements while adopting these vehicles. Automotive seat belt pretensioner is one of the technologies that have been developed and has gained much attention within the automotive companies. As a result, with the increasing vehicle production and growing public awareness, the demand for automotive seat belt pretensioner have also increased. An automotive seat belt pretensioner is a part of the seat belt system. The automotive seat belt pretensioner has been developed to act as an active safety system, meant for passenger safety, especially in the event of a collision. Automotive seatbelt pretensioners have played a crucial role in ensuring passenger safety.
There has been a rise in the adoption of automotive seat belt embedded vehicles, owing to the level of passenger safety, which positively impacts the market for automotive seat belt pretensioner. The rising safety concerns due to the rise in the number of accidents, and government initiatives, also drive the market. The high cost of automotive seat belt pretensioner embedded vehicles, and low disposable incomes in underdeveloped economies, hinder the market growth. The major trend for this market is growing sales of luxury vehicles.
For the purpose of this study, the global automotive seat belt pretensioner market has been divided on the basis of pretensioner type, vehicle type, end market and region. On the basis of pretensioner type, the market has been segmented as retractor and buckle. Among these types, retractor type is expected to dominate the market during the forecast period. On the basis of vehicle type, the market has been segmented as passenger vehicles and commercial vehicles. However, the increasing sales of passenger cars is expected to dominate the passenger car segment during the forecast period. On the basis of end market, the market has been segmented as OEMs and Aftermarket. However, OEMs have dominated the market followed by aftermarket.
Region wise, the global automotive seat belt pretensioner market has been segmented as North America, Europe, Asia Pacific and Rest of the World. Asia Pacific has accounted for the largest market share, in 2016, followed by North America and Europe. In Asia Pacific, countries such as China, South Korea, Japan and India are the major manufacturers of automotive seat belt pretensioner. In Europe and North America, policies regarding road safety has become the major growth driver. Europe, has been witnessing a rise in the sales of luxury vehicles, which has augmented the demand for automotive seat belt pretensioner. Also, Germany, UK and France being the leading countries in Europe, has fuelled the growth of the market. Asia Pacific has been the fastest growing region in the global market.
The prominent players in the automotive seat belt pretensioner market include Autoliv Inc (Sweden), Delphi Automotive (UK), ZF Friedrichshafen (Germany), ITW Automotive Products Gmbh (Germany), Daimler-AG (Germany), Hyundai Motor (South Korea), Special Devices Inc (US), Far Europe Holding Limited (China), Tokai Rika Co. Ltd (Japan), and Iron Force Industrial Co (Taiwan).
The report for Global Automotive Seat Belt Pretensioner Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Segmentation Overview:
By Pretensioner Type:
By Vehicle Type:
- Passenger Vehicles
- Commercial Vehicles
By End Market
By Regions:
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- South America
Report Attribute/Metric |
Details |
Market Size 2030 |
USD 4,300 Million |
Compound Annual Growth Rate (CAGR) |
7.2%(2022-2030) |
Base Year |
2022 |
Market Forecast Period |
2022-2030 |
Historical Data |
2019 & 2020 |
Market Forecast Units |
Value (USD Million) |
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
Pretensioner Type and Vehicle Type |
Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
Countries Covered |
The U.S, Canada, Germany, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled |
Autoliv Inc (Sweden), Delphi Automotive (UK), ZF Friedrichshafen (Germany), ITW Automotive Products Gmbh (Germany), Daimler-AG (Germany), Hyundai Motor (South Korea), Special Devices Inc (US), Far Europe Holding Limited (China), Tokai Rika Co. Ltd (Japan), and Iron Force Industrial Co (Taiwan). |
Key Market Opportunities |
Increasing vehicle production and growing public awareness |
Key Market Dynamics |
The rise in the number of accidents Government initiatives |
Automotive Seat Belt Pretensioner Market Highlights:
Frequently Asked Questions (FAQ) :
The automotive seat belt pretensioner market is poised to strike a CAGR of 7.2%.
The players of the automotive seat belt pretensioner market are Autoliv Inc (Sweden), ZF Friedrichshafen (Germany), Delphi Automotive (UK), ITW Automotive Products Gmbh (Germany), Hyundai Motor (South Korea), Daimler-AG (Germany), Special Devices Inc (US), Tokai Rika Co. Ltd (Japan), Far Europe Holding Limited (China), and Iron Force Industrial Co (Taiwan).
Asia Pacific held the largest share of the automotive seat belt pretensioner market in 2016.
China, South Korea, Japan and India are the key countries in the APAC market.
Increasing awareness about the rising road accidents and injuries is projected to drive the expansion of the automotive seat belt pretensioner market.
Automotive Seat Belt Pretensioner Market
Automotive Seat Belt Pretensioner Market Size is expected to cross USD $ 4,300 Million by 2030 at a CAGR of 7.2% during the forecast period 2022-2030
$ 4,300 Million
Market Size
Asia Pacific
Dominating Region
2022-2030
Forecast Period
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