Automotive Seat Belt Pretensioner Market Overview
Automotive seat belt pretensioner market is expected to grow around 7.2% CAGR, during forecast period.
The global expansion of the automotive industry has increased the demands for safety systems and is growing at booming speeds, including the Automotive Seat Belt Pretensioner Market. This system locks the seat belt when there is instant braking leading to a jerk and in cases of accidents. The introduction of stringent regulations for passenger safety has increased the installation and demands of this system. The rise in disposable incomes has increased the demand for luxury vehicles with embedded safety systems, which is one of the major reasons for empowering market growth.
Also, the growing awareness regarding personal safety has added to the tally of this market. With the increase in on-road vehicles, the cases of accidents have also increased, which has posed severe challenges for authorities resulting in mandating safety features in vehicles. The companies invest in research development programs to unfold the new aspects, imposing an extra load on the market and helping the market gain accelerated speeds.
The prominent players in the Automotive Seat Belt Pretensioner Market Size 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).
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Apart from the uses and features, the global automotive seat belt pretensioner market faces challenges from the high costs involved and low disposable incomes in weaker economies, which has restrained the global market growth. This report provides a comprehensive outlook on competition, opportunities, drivers restraints, and other factors affecting the local and global automotive seat belt pretensioner market. The global market is anticipated to register approximately a 12 % annual growth during this period.
The global Automotive Seat Belt Pretensioner Market is characterized into the following categories:
The global automotive seat belt pretensioner market is categorized into retractor and buckle based on types.
Based on design forms, the global market is divided into two-point, three-point, and others.
Based on seating types, the global market is divided among the front and rear seats.
The global market is divided among passenger and commercial vehicles (light heavy commercial vehicles).
The Global Automotive Seat Belt Pretensioner Market has gained global adoption due to a rise in demand for enhanced vehicle safety features, the adoption of better technologies, and the introduction of rigid regulations. The Asia Pacific, North America, Europe, and the rest of the world are the major market studies for the global automotive seat belt pretensioner market. The Asia Pacific region is leading the market due to the presence of key manufacturers, large production capacities, rapid research development programs, vast population covers, rapid urbanization, rise in disposable incomes, growing awareness, demand for better technologies, and other factors with India and China among the major contributors in consumption and production capacities. The North American and European regions are following the leader and the mentioned order.
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TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.2 RESEARCH OBJECTIVE
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 BARGAINING POWER OF SUPPLIERS
3.1.4 THREAT OF SUBSTITUTES
3.1.5 SEGMENT RIVALRY
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
5 GLOBAL AUTOMOTIVE SEAT BELT PRETENSIONER MARKET, BY PRETENSIONER TYPE
5.2.1 MARKET ESTIMATES FORECAST, 2020-2027
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