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Global Automotive Seat Belt Pretensioner Market - Growth, Trends, and Forecast (2018 - 2023)

Global Automotive Seat Belt Pretensioner Market - Growth, Trends, and Forecast (2018 - 2023)

The automotive seat belt pretensioners market is expected to record a CAGR of over 7% over the forecast period. The primary drivers for this market are the increasing awareness and stringent safety regulations.

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 seatbelt pretensioner is one of the technologies that have been developed and has gained much attention from automotive companies. Initially, the pretensioner technique was used in military aircrafts but was later designed for automotive, considering the high chances of head-on collision. With the increasing vehicle production and growing public awareness, the demand for automotive seat belt pretensioner has also increased. An automotive seatbelt pretensioner is a part of the passive safety system, which helps to mitigate negative consequences in the event of a collision. The other components of the passive safety system (inactive until the crash) are airbags and strong body structures.

Seatbelt Pretensioner Market Trends and Segmentation

By pretensioner type, the market is segmented into retractor and buckle. Among these types, the retractor type is expected to dominate the market during the forecast period. By vehicle type, the market has been segmented into passenger vehicles and commercial vehicles (light and heavy). However, the increasing sales of passenger cars are clear evidence to conclude the dominance of the passenger car segment during the forecast period. According to statistics, in 2017, some 26 million vehicles were sold globally. The United States is the largest market for commercial vehicles. It is also predicted that increased demand for cars from customers in Asia and North America will successfully offset declining vehicle sales volumes in Russia and Brazil, and help automobile manufacturers sell over 81 million vehicles by the end of 2018.

Nowadays, almost all vehicles in the United States and the European region come equipped with airbags, which have the most advanced passive safety systems. However, in developing countries, the use of airbags in vehicles is very less as compared to their developed counterparts, rather, the presence of pretensioners is seen in almost all types of vehicles, and thus, they have a more significant and broader customer base compared to airbags. However, the airbag market is expected to grow, as many nations are taking steps toward making airbags a compulsion in all new vehicles. For example, India, a primary automotive market, has announced plans to make airbags and ABS compulsory in all car models, post-October 2018. It goes without saying that the safety systems add to the cost of automobiles, because of which the pretensioners are not so conventional among all automobiles as of now. However, what drives the seatbelt pretensioner market is the increasing disposable incomes across nations, which leads to the demand for luxury cars with safety solutions, globally.

APAC occupies the largest share by volume and value, due to the high vehicle sales in the region. The market is relatively consolidated, with about five players accounting for more than 50% of the market share, and the acquisition of Takata might also result in a change of company-wise market shares. According to Federal Motor Carrier Safety Administration in the United States, seat belt usage by commercial drivers has jumped from 65% to 86% over the past decade. In the European region, Germany is a major market for seatbelt pretensioners. This is because of the presence of major automobile manufacturers in this region.

Key Developments in the Market:

  • September 2017: Automotive seating suppliers Adient and Autoliv to collaborate for passenger safety. The collaboration’s initial focus will be on optimal integration of Autoliv’s safety components into the non-traditional seating arrangements of the future car and on enhancing existing seat-mounted airbag systems and new far-side systems for Euro NCAP.
  • February 2018: ZF has made a lightweight seatbelt retractor pretensioner. They used a unique technology which has lighter weight, with plastic material allowing the overall system weight to decrease by more than 20%.

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    1. Introduction
    1.1. Research Methodology
    1.2. General Study Assumptions
    2. Research Methodology
    2.1 Introduction
    2.2 Analysis Methodology
    2.3 Study Assumptions
    3. Executive Summary
    4. Market Overview and Technology Trends
    4.1 Current Market Scenario
    4.2 Technology Trends
    4.3 Porter's Five Forces Analysis
    4.3.1 Threat of New Entrants
    4.3.2 Threat of Substitute Products/Services
    4.3.3 Bargaining Power of Suppliers
    4.3.4 Bargaining Power of Buyers
    4.3.5 Intensity of Competitive Rivalry
    5. Market Dynamics
    5.1 Drivers
    5.1.1 Stringent regulations on emissions
    5.2 Restraints
    5.2.1 Cost of Ownership
    5.3 Opportunities
    6. Automotive Mild-Hybrid Vehicle Market, By Capacity
    6.1 24-V
    6.2 48-V
    6.3 Others
    7. Automotive Mild-hybrid Vehicle Market, By Vehicle
    7.1 Passenger Cars
    7.2 Pickup Vans and Trucks
    7.3 Buses and Heavy Trucks
    7.4 Others
    8. Automotive Mild-Hybrid Vehicle Market, By Battery
    8.1 Lead Acid
    8.2 Lithium Ion
    8.3 Others
    9. Automotive Mild-hybrid Vehicle Market - By Geography - Regional Share and Forecast
    9.1 North America (NA)
    9.1.1 Introduction
    9.1.2 United States
    9.1.3 Canada
    9.1.4 Rest of North America
    9.2 Europe (EU)
    9.2.1 Introduction
    9.2.2 U.K.
    9.2.3 France
    9.2.4 Germany
    9.2.5 Norway
    9.2.6 Italy
    9.2.7 Rest of Europe
    9.3 Asia-Pacific (APAC)
    9.3.1 Introduction
    9.3.2 China
    9.3.3 Japan
    9.3.4 India
    9.3.5 Australia
    9.3.6 South Korea
    9.3.7 Rest of Asia-Pacific
    9.4 Rest of the World
    9.4.1 Introduction
    9.4.2 South Africa
    9.4.3 UAE
    9.4.4 Mexico
    9.4.5 Brazil
    9.4.6 Argentina
    10. Competitive Landscape
    10.1 Introduction
    10.2 Market Share Analysis
    10.3 Latest products & developments of key players
    11. Company Profiles
    11.1 Audi
    11.2 BMW
    11.3 Buick
    11.4 Chevrolet
    11.5 Daimler
    11.6 FAW Group Corp.
    11.7 Geely automobile Holdings
    11.8 Honda
    11.9 Mercedes
    11.10 Nissan
    11.11 Peugeot
    11.12 Saturn
    11.13 Toyota
    11.14 Volkswagen
    12. Future Outlook of the Market
    13. Appendix

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