Automotive Seat Belt Pretensioner Market Size, Share, Growth, Trends, Production, Consumption and Forecast 2019 to 2026

Published Date : Jan 2020 | No. of Pages : 140 Pages | Category :

The global automotive seat belt pretensioner market size is expected to reach around US$ 5.8 Bn by 2026, expanding at a CAGR of above 5% during the forecast period 2019 to 2026.

Increasing Vehicle Production Accelerating Market Growth

Globally, vehicle production has been on the rise since the last five years, though, accompanied by increasing concerns regarding safety. An estimated 1.35 million deaths occur each year as a result of road traffic accidents around the world, and the consequent costs related to treatment and loss of productivity amount to almost 3% of the GDP of most countries. Various government efforts towards preventing thousands of deaths as a result of road accidents, by formulating and mandating seat belt legislations, have stimulated a surge in the adoption of pretensioners designed to make seat belts more effective.

Consumer perception regarding automotive safety components has been changing, as innovations drive the launch of new features that improve vehicle safety. The latest study on the automotive seat belt pretensioner market has found that, seat belts equipped with pretentioners reduce the risk of fatality by nearly 13%. By model year 2008, all new cars and LTVs sold in the U.S. were equipped with pretensioners as well as load limiters on the front seats of both, the driver and passenger. The automotive seat belt pretensioner market recorded sales of nearly US$ 4 billion in 2018, and stringent road safety standards are expected to continue to underpin the future sales of automotive seat belt pretensioners.

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 2026.

  • An automotive seat belt pretensioner retracts the seat belt to remove excess slack, almost instantly, upon sensing that the vehicle has crashed, typically by firing a pyrotechnic device. There are various types of automotive seat belt pretensioners, which are mostly installed in combination with other components of the seat belt system, such as retractors, buckles, and anchors.
  • In most cases, pyrotechnic pretensioners are used, which explode on sensing a sudden force, and retract the webbing of the seat belt to hold the occupant firmly on the seat. Other types of automotive seat belt pretensioners are motorized and mechanical pretensioners.
  • Motorized pretensioners are used in active seat belt systems, and can be used multiple times, whereas pyrotechnic pretensioners require replacement once the pretensioner is activated. The mechanical pretensioner is an obsolete technology, and is used very rarely in modern vehicles. 

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.

Market Challenges

  • Wearing seat belts regularly has caused the appearance of rashes on some occupants, which, in turn, is discouraging a section of the population from utilizing seat belts.
  • Automotive seat belt pretensioners are not replaced individually; instead, they require the replacement of the complete seat belt system when a malfunction occurs.
  • The high cost of automotive seat belt pretensioners has led to the high usage of seat belts without automotive seat belt pretensioners for the rear seats.

The global automotive seat belts pretensioner market has been segmented based on technology, seat, vehicle type, and region.

Based on technology, the retractor segment holds a substantial share of the automotive seat belt pretensioner market. The preference of manufacturers to install pretensioners in combination with retractors has propelled the retractor technology segment, as automotive seat belt pretensioners installed with retractors possess higher force to restrain the occupant in the seat in case of a collision or sudden deceleration. The anchor is the least preferred technology among all, thus holding the smallest share in the market.

Based on seat, the front seat segment is likely to be a prominent automotive seat belt pretensioner market share holder, due to the higher penetration of automotive seat belt pretensioners in front seats, since during a collision, the impact is higher on the driver and co-driver seats. Thus, in order to minimize the effect of an impact, automotive seat belt pretensioners are installed in front seats. However, some vehicles are equipped with automotive seat belt pretensioners in both, the front as well as rear seats, to enhance the safety factor of the vehicle.

In terms of vehicle, the passenger vehicles segment accounts for a notable share of the automotive seat belt pretensioner market, owing to the significantly high production of passenger vehicles as compared to commercial vehicles. Moreover, a higher number of seat belts are integrated in passenger vehicles as compared to commercial vehicles, which, in turn, has propelled the passenger vehicles segment in the automotive seat belt pretensioner market. Active technology seat belts are mostly employed in passenger vehicles.

Automotive Seat Belt Pretensioner Market: Regional Analysis

In terms of region, Asia Pacific is a prominent region in the global automotive seat belt pretensioner market, due to the high production capabilities of China, India, South Korea, and Japan. The automotive seat belt pretensioner markets in countries in Asia Pacific and Latin America, such as India, Mexico, Argentina, and Chile, are expected to expand at notable growth rates during the forecast period, due to the rising demand for vehicles in these regions.

The increasing penetration of automotive seat belt pretensioners in the Asia Pacific region, owing to the rising production of premium vehicles that are equipped with a higher number of automotive seat belt pretensioners in the seat belt systems is expected to be a key driver for the automotive seat belt pretensioner market. Europe holds a significant share in the global automotive seat belt pretensioner market, as the region is home to a large number of vehicles with active seat belt pretensioners as compared to other regions.​

Key Players

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 report analyzes and forecasts the automotive seat belt pretensioner market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global automotive seat belt pretensioner market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the automotive seat belt pretensioner market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides size (in terms of volume and value) of automotive seat belt pretensioner market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.

Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.

The study objectives of this report are:

  • To analyze and study the global automotive seat belt pretensioner capacity, production, value, consumption, status (2014-2018) and forecast (2019-2026);
  • Focuses on the key automotive seat belt pretensioner manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

Segmentation:

  • By Technology
    • Retractors
    • Buckles
    • Anchors
  • By Vehicle Type
    • Passenger Vehicles
      • Hatchbacks
      • Sedans
      • Utility Vehicles
    • Commercial Vehicles
      • LCVs
      • HCVs
  • By Seat
    • Rear
    • Front
  • By Region
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • France
      • U.K.
      • Spain
      • Italy
      • Rest of Europe
    • Asia Pacific
      • Japan
      • China
      • India
      • Rest of Asia Pacific
    • Middle East & Africa
      • GCC
      • South Africa
      • Rest of Middle East & Africa
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America

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