Rise in demand for autonomous vehicles and increased preference for personal mobility is expected to drive the demand of Asia-Pacific automotive seatbelt pretensioner market through the forecast period, 2023-2027.
According to TechSci Research report, “Asia-pacific Automotive Seatbelt Pretensioner Market By Vehicle Type (Passenger Car, LCV, M&HCV), By Type (Retractor Pretensioner, Buckle Pretensioner), By Seat Type (Front, Rear), By Demand Category (OEM, Replacement), By Country, Competition Forecast & Opportunities, 2027”, the Asia-Pacific automotive seatbelt pretensioner market is anticipated to grow at a rate of steady CAGR for the forecast period, 2023-2027. An increase in the sales of luxury cars, growing safety concerns, and surge in the number of casualties due to road accidents are crucial factors driving the demand of the Asia-pacific automotive seatbelt pretensioner market through the forecast period.
An automotive seat belt pretensioner is installed in automobiles to provide safety to the passenger in case of collisions by tightening the seat belts and stopping them from moving forward, which may adversely harm them. The pretensioner mechanism works by driving a concealed piston when the sensors are integrated into automobiles to detect an abrupt deceleration of an accident. It positions the passengers seating at front firmly into their fights and positions them to receive the maximum protection of the front airbags.
However, during the replacement, the whole seat belt must be changed instead of only an automotive pretensioner which may restrain the market growth in the forecast period.
Browse over XX market data Figures spread through 80 Pages and an in-depth TOC on " Asia-Pacific Automotive Seatbelt Pretensioner Market"
The Asia-Pacific automotive seatbelt pretensioner market is segmented into vehicle type, type, seat type, demand category, company, and regional distribution.
Based on the vehicle type, the market is divided into passenger car, LCV, and M&HCV. The passenger cars are witnessing vast sales and are expected to hold the largest market share in the forecast period. A rise in the number of SUV sales across the country due to the growing expenditure capacity of consumers and improved living standards are expected to play a significant role in driving the sales of automotive seatbelt pretensioner in the region. The high ride height in automobiles places the vehicle center of gravity high, which increases the chances of the toppling of automobiles, making it essential to install automotive pretension in automobiles to lower the damage during road accidents. Manufacturers used to install automotive pretensioner in high-priced passenger cars, but with the ongoing advancements and heavy investments in R&D activities, technology was made affordable for even lower price range passenger cars.
Based on type, the market is bifurcated into retractor pretensioner and buckle pretensioner. The retractor pretensioner holds the dominant position and is expected to account for a significant market share in the next five years. Automobile manufacturers prefer to install pretensioner with a retractor component as it displays greater retraction force to grip the passengers tightly to the seat during road accidents.
Based on seat type, the market is divided into front and rear. The front seat type holds the largest market share in 2021 and is expected to maintain its dominance throughout the forecast period. Seatbelts are installed in the front seats of every vehicle while they are installed in the rear seat of only premium vehicles. During the collision, front seats face a higher impact of the collision than the rear seats. Thus, to minimize the adverse impact on driver seatbelt pretensioner are majorly installed in front seats of automobiles.
Based on the demand category, the market is divided into OEM and replacement. The OEM segment is expected to cover the largest market share in the forecast period as the automobile manufacturers launch vehicles equipped with automotive pretensioner. And with growing safety concerns and changing consumer preference for quality automobiles are expected to accelerate the Asia-pacific automotive seatbelt pretensioner market growth in the forecast period, 2023-2027.
Major market players operating in the Asia-Pacific automotive seatbelt pretensioner market are:
· DENSO Corporation
· ZF Friedrichshafen AG
· Autoliv Inc.
· Borg Warner Inc.
· Robert Bosch GmbH
· Continental AG
· Special Devices, Inc.
· Joyson Safety Systems
· Iron Force Industrial Co. Ltd
· Tokai Rika Co. Ltd.
“The rise in demand for advanced safety features in automobiles has led to advanced seatbelt systems. Increased efforts by leading authorities to enhance the safety measures in an automobile in the form of strict safety regulations are accelerating the demand for the installation of advanced safety systems in automobiles. Also, the surge in sales and production of compact cars due to their easy maneuverability and launch of advanced automobiles are expected to propel the Asia-pacific automotive seatbelt pretensioner market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Asia-pacific Automotive Seatbelt Pretensioner Market By Vehicle Type (Passenger Car, LCV, M&HCV), By Type (Retractor Pretensioner, Buckle Pretensioner), By Seat Type (Front, Rear), By Demand Category (OEM, Replacement), By Country, Competition Forecast & Opportunities, 2027”, has evaluated the future growth potential of Asia-Pacific automotive seatbelt pretensioner market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Asia-Pacific automotive seatbelt pretensioner market.
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