Automotive Seatbelt Pretensioner Market - Growth, Trends, and Forecast (2020 - 2025)

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.

Market Snapshot

Study Period:

2019-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Europe

CAGR:

Greater Than 8 %

Major Players:

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Market Overview

The Automotive Seatbelt Pretensioner Market is anticipated to register a CAGR of over 8% during the forecast period (2020 – 2025).

  • The automotive industry has undergone various technological advancements in both, passenger and commercial vehicles, over the last couple of years. The primary drivers for this market are the increasing awareness and stringent safety regulations.
  • 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 first 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 diminish negative consequences at the time of any collision.
  • Increasing the adoption of automotive seat belt pretensioner embedded vehicles, because of the level of passenger safety that will impact on the growth of market for automotive seat belt pretensioner. The rising safety concerns as a result of the rise in the number of accidents and government initiatives is also driving the market.
  • 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.

Scope of the report

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 players operating in the market. Additionally, this report is segmented by Vehicle type, Seat type, Technology type, End market, and Geography.

This report includes:

Technology
Retractor Pretensioner
Buckle Pretensioner
Seat Type
Rear
Front
Vehicle Type
Passenger Cars
Commercial Vehicles
End Market
OEM
Aftermarket
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Spain
Rest of Europe
Asia-Pacific
India
China
Japan
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
United Arab Emirates
Saudi Arabia
Rest of Middle-East and Africa

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Key Market Trends

Increasing Demand for Sports Utility Vehicles driving the Market

The demand for seatbelt pretensioners is 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, which on account of government regulations and growth of public awareness.

The market for Sports Utility Vehicles is seeing 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.

SUV sales in 2018 accounted to 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 is limited in the emerging markets, their numbers will grow rapidly in the future.

The major issues regarding pretensioners systems are the high maintenance costs. Also, most of the SUV buyers in the emerging markets drive their off roaders on paved roads in the cities and have little need to have safety systems. On account of higher growth rate of the entry-level sports utility vehicles, the standard seatbelt pretensioner systems will see higher rates of growth in the market.

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Asia-Pacific to Witness Highest CAGR during the Forecast Period

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 will 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, leading to constant developments in the safety features and components of automobiles.

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.

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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Competitive Landscape

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 might also result in a change of company-wise market shares.

These Companies are expanding their business by new products, so that they can have edge over their competitors.

  • Over the past few years, there have been several instances where car manufacturers have recalled huge number of vehicles regarding issues in seatbelt pretensioners. For instance, during August, Ford in United States has recalled 103,000 units of Ford and Lincoln models manufactured during Aug 2014 to Jan 2015. In order to reduce concerns due to recalls, manufacturers are focusing on developing advanced seatbelt pretensioners, which will significantly reduce the number of recalls.
  • In January 2018, ZF Friedrichshafen AG has started supplying its next generation SPR8 (Snake Pretensioner Retractor) seat belt system to the Jeep Wrangler. The innovative system uses a plastic piston instead of conventional metal components to transfer tensioning torque through the torsion bar to the spool, resulting in a simpler design, more compact packaging and industry leading system weight. This unique technology utilizes lighter weight with plastic material allowing the overall system weight to be reduced by up to more than 20%.
  • In August 2019, 103,000 Ford Fusion, Lincoln MKZ sedans recalled for faulty seat belt parts as they may not have the strength to restrain a passenger.

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Technology

      1. 5.1.1 Retractor Pretensioner

      2. 5.1.2 Buckle Pretensioner

    2. 5.2 Seat Type

      1. 5.2.1 Rear

      2. 5.2.2 Front

    3. 5.3 Vehicle Type

      1. 5.3.1 Passenger Cars

      2. 5.3.2 Commercial Vehicles

    4. 5.4 End Market

      1. 5.4.1 OEM

      2. 5.4.2 Aftermarket

    5. 5.5 Geography

      1. 5.5.1 North America

        1. 5.5.1.1 United States

        2. 5.5.1.2 Canada

        3. 5.5.1.3 Rest of North America

      2. 5.5.2 Europe

        1. 5.5.2.1 Germany

        2. 5.5.2.2 United Kingdom

        3. 5.5.2.3 France

        4. 5.5.2.4 Russia

        5. 5.5.2.5 Spain

        6. 5.5.2.6 Rest of Europe

      3. 5.5.3 Asia-Pacific

        1. 5.5.3.1 India

        2. 5.5.3.2 China

        3. 5.5.3.3 Japan

        4. 5.5.3.4 Rest of Asia-Pacific

      4. 5.5.4 South America

        1. 5.5.4.1 Brazil

        2. 5.5.4.2 Argentina

        3. 5.5.4.3 Rest of South America

      5. 5.5.5 Middle-East and Africa

        1. 5.5.5.1 United Arab Emirates

        2. 5.5.5.2 Saudi Arabia

        3. 5.5.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 ZF Friedrichshafen AG

      2. 6.2.2 Autoliv Inc.

      3. 6.2.3 DENSO Corporation

      4. 6.2.4 Joyson Safety Systems

      5. 6.2.5 Itw Safety

      6. 6.2.6 Continental AG

      7. 6.2.7 Hyundai Motor Company

      8. 6.2.8 Special Devices Inc.

      9. 6.2.9 Iron Force Industrial Co. Ltd

      10. 6.2.10 Tokai Rika Co. Ltd

      11. 6.2.11 Delphi Technologies

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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