Automotive Seat Belt Pretensioner Market Forecasts to 2028 - Global Analysis By Type (Electrical and Mechanical), Product Type (Pre-tightening and Pre-roll), Vehicle (Passenger Vehicle and Commercial Vehicles), Seat (Front Seat and Rear Seat), Technology

Automotive Seat Belt Pretensioner Market Forecasts to 2028 - Global Analysis By Type (Electrical and Mechanical), Product Type (Pre-tightening and Pre-roll), Vehicle (Passenger Vehicle and Commercial Vehicles), Seat (Front Seat and Rear Seat), Technology (Buckle Pretensioner, Retractor Pretensioner and Anchor Pretensioner) and Geography

According to Stratistics MRC, the Global Automotive Seat Belt Pretensioner Market is accounted for $15.1 billion in 2022 and is expected to reach $25.1 billion by 2028 growing at a CAGR of 8.78% during the forecast period. When an instant collision occurs, an automotive seat belt pretensioner is usually designed to retract portion of the seatbelt's webbing. By rapidly tightening the seatbelt to restrain people and reduce the amount they are propelled forward in a moderate or severe frontal impact. The global automotive industry, which is essentially built on consumer confidence, the integration of advanced seat belt safety technologies will continue to gain prominence. The automobile industry's ongoing development, combined with a number of regulatory regulations, results in continuous improvements to the vehicles' safety features and components.

According to National Safety Council (United States), 42,060 people are estimated to have died in motor vehicle crashes in 2020 in the United States, an increase of 8% over 2019. Also, passenger car sales in India ware 3.22 million in 2017, that increased to 3.39 million in 2018.

Market Dynamics:

Driver:

Rise in per capita income and increasing usage of safety

A rise in per capita wealth in developing nations has resulted in a number of new consumers, which has boosted the production of vehicles. In addition, this is increasing demand for automobile seat belt pretensioners. The market for automotive seat belt pretensioners is expected to experience growth due to the rising utilisation of active safety features in modern vehicles to improve passenger safety and continuous advances in the field of safety equipment by leading manufacturers like Autoliv, Inc. and ZF Friedrichshafen AG.

Restraint:

High cost of automotive seat belt

A portion of the population is less likely to use seat belts as a result of their frequent use causing rashes on some passengers. For the rear seats, a high percentage of seat belts are used despite the lack of automotive seat belt pretensioners due to the high cost of these systems.

Opportunity:

Increase in automotive production

The expansion of the automotive seatbelt pretensioner market is a result of increased automotive production activities and technological advancements in seatbelt assembly. In recent years, the automotive industry's fastest-selling category has been compact automobiles. The Seatbelt Pretensioner Market is projected to benefit from the increase in compact car manufacturing.

Threat:

Malfunctioning of sensors

Active safety systems rely on information from sensory devices, and if these sensors malfunction, the automobile may work improperly, which could cause an accident. The adverse conditions that these sensors are subjected to increase the need for replacements and the overall expense to consumers. Additionally, this safety system's installation and maintenance costs are quite high, making it expensive for middle-class consumers.

Covid-19 Impact

The COVID-19 pandemic had an impact on the automobile sector because demand and sales for cars fell in the majority of nations in 2020. However, after the lockdown, automobile demand began to rise, which is anticipated to increase the need for seatbelt pretensioners over the course of the projection period in a proportion of nations throughout the world.

The passenger car segment is expected to be the largest during the forecast period

The market has been significantly influenced by the increase in SUV sales worldwide, and the passenger car segment is expected to be the largest during the forecast period. The vehicle's centre of gravity is elevated due to the increased ride height, which increases the chance that it would fall over or overturn when making a right curve at high speed. The use of seatbelt pretensioners with seatbelts is essential to minimize the damage.

The front seat segment is expected to have the highest CAGR during the forecast period

Due to the higher penetration of automotive seat belt pretensioners in front seats, as the impact of a collision is higher on the driver and co-driver seats. Automotive seat belt pretensioners are therefore placed in front seats to reduce the consequences of an impact. To increase the vehicle's safety, some cars, however, have seat belt pretensioners in both the front and back seats.

Region with largest share:

Owing to the increase in vehicle sales in the region, Asia-Pacific is anticipated to hold the largest share by volume and value. China, South Korea, Japan, and India are the leading producers of seatbelt pretensioners for automobiles. Furthermore, during the forecast period, the Asia-Pacific automotive seatbelt pretensioner market is anticipated to be driven by the rising sales of high-end automobiles and stringent road safety regulations.

Region with highest CAGR:

Increased passenger safety and governmental regulations may lead to a rise in the use of automotive seat belt pretensioners that could raise demand and sales of these products in the North American region. Furthermore, to improve passenger safety, active safety systems are being utilized more often in modern vehicles in this region.

Key players in the market

Some of the key players in Automotive Seat Belt Pretensioner market include Autoliv Inc., GWR Co., DENSO Corporation, Goradia Industries, APV Safety Products, Joyson Safety Systems, Far Europe Inc, Beam's Seat Belts, Kingfisher Automotive, Continental AG, Seat Belt Solutions LLC, Belt-tech, TOKAIRIKA,CO, LTD, ZF Friedrichshafen AG and Berger Group

Key Developments:

In May 2021, Continental Engineering Services announced a collaboration with Tri Eye. This collaboration will focus on the implementation of SWIR imaging systems in Driver Monitoring Systems. With Tri Eye's technology, Continental Engineering Services will be able to offer its customers valuable sensing solutions, such as enhanced user identification capabilities or precise seat belt detection.

In November 2020, ŠKODA patented the world’s first illuminated smart seat belt buckle that features a clear transparent button in place of the traditional red eject button. The patented system will use red, green, and white colors to indicate different usage modes.

Types Covered:
• Electrical
• Mechanical

Product Types Covered:
• Pre-tightening
• Pre-roll

Vehicles Covered:
• Passenger Vehicle
• Commercial Vehicles

Seats Covered:
• Front Seat
• Rear Seat

Technologies Covered:
• Buckle Pretensioner
• Retractor Pretensioner
• Anchor Pretensioner

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements