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The Automotive Seatbelt Pretensioner Market is segmented by Technology (Retractor Pretensioner and Buckle Pretensioner), Seat Type (Rear and Front), Vehicle Type (Passenger Cars and Commercial Vehicles), End Market (OEM and Aftermarket), and Geography.
2018 - 2026
Fastest Growing Market:
The automotive seatbelt pretensioner market is anticipated to register a CAGR of over 8% during the forecast period, 2020–2025.
The study covers the increasing adoption of these systems in both passenger cars and commercial vehicles globally, regulations implemented by the government to increase the number of safety systems, product developments, and market share of the players operating in the market studied. Additionally, this report is segmented by vehicle type, seat type, technology type, end market, and geography.
This report includes:
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The demand for seatbelt pretensioners has been increasing at a rapid pace all over the world, especially in the emerging markets. The automotive safety systems are generally fitted to the sports utility vehicles, based on government regulations and the growth of public awareness.
The market for sports utility vehicles has been witnessing a maximum growth in India, China, Vietnam, and other Asian countries.
Earlier, seatbelt pretensioners were available only in luxury car brands, like Audi, BMW, Mercedes-Benz, Land Rover, and Volvo. With advancements in technology and manufacturers' effort in developing cost-effective safety solutions, seat belt pretensioners are now made available in economic car brands, like Honda, Hyundai, Skoda, and Volkswagen.
The SUV sales in 2018 accounted for over 36.4% to 30 million units globally, representing a 7% growth as compared to the previous year. Though the number of sport utility vehicles featuring seatbelt pretensioners has been limited in the emerging markets, their numbers may increase in the future.
The significant issues regarding pretensioners systems are high maintenance costs. Also, most of the SUV buyers in the emerging markets drive off-roaders on paved roads in the cities and have little need to have safety systems. The standard seatbelt pretensioner systems may result in higher growth rates in the market studied due to the higher growth rate of entry-level sports utility vehicles.
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Asia-Pacific occupies the largest share by volume and value, due to the high vehicle sales in the region; countries such as China, South Korea, Japan, and India are the major manufacturers of automotive seatbelt pretensioners.
The integration of advanced seat belt safety systems may continue to grow in the automotive industry, worldwide, upon which, consumer confidence is primarily developed. Continuous evolution in the automobile industry working upon regulatory measures has been leading to constant developments in the safety features and components of automobiles.
According to the 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.
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 many vehicles with active seat belt pretensioners as compared to other regions.
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The automotive seatbelt pretensioner market is dominated by several players, such as ZF Friedrichshafen AG, Autoliv Inc., TOKAI RIKA CO. LTD, Continental AG, Takata Corporation, DENSO Corporation, and Joyson Safety Systems. The market is relatively consolidated, with about five players accounting for more than 50% of the market share, and the acquisition of Takata Corporation may also result in a change of company-wise market shares.
These companies have been expanding their business by new products so that they can have an edge over their competitors.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Retractor Pretensioner
5.1.2 Buckle Pretensioner
5.2 Seat Type
5.3 Vehicle Type
5.3.1 Passenger Cars
5.3.2 Commercial Vehicles
5.4 End Market
5.5.1 North America
220.127.116.11 United States
18.104.22.168 Rest of North America
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 Rest of Asia-Pacific
5.5.4 South America
184.108.40.206 Rest of South America
5.5.5 Middle East & Africa
220.127.116.11 United Arab Emirates
18.104.22.168 Saudi Arabia
22.214.171.124 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 ZF Friedrichshafen AG
6.2.2 Autoliv Inc.
6.2.3 DENSO Corporation
6.2.4 Joyson Safety Systems
6.2.5 Itw Safety
6.2.6 Continental AG
6.2.7 Hyundai Motor Company
6.2.8 Special Devices Inc.
6.2.9 Iron Force Industrial Co. Ltd
6.2.10 Tokai Rika Co. Ltd
6.2.11 Delphi Technologies
7. MARKET OPPORTUNITIES AND FUTURE TRENDS