Market Share of Automotive Seat Belt Pretensioner Industry
The market is said to be relatively consolidated, with about five players accounting for more than 50% of the market share. These companies have been expanding their businesses with new products to have an edge over their competitors.
Owing to increased demand for seatbelt pretensioners, several manufacturers are partnering with major players in the industry to source components for their upcoming vehicle models. For instance, in December 2021, BMW launched its new I4 at the BMW World event at corporate HQ in Munich. The new I4 equips a seat pretensioner system from Gedia Gebrueder Dingerkus.
Apart from these, several automobile manufacturers have been introducing seatbelt pretensioners in the wake of increased safety standards in virtually every country of the world.
For instance, Renault India, in June 2021, tested its most basic safety specifications in models that were offered with bare minimum features. The Triber model, for instance, showed significant improvements with improved chest and head protection for rear-seat passengers. The vehicle offers optimum head and body protection with the help of the proper positioning of center seat belts.
Some of the key players in the market are Joyson Safety Systems, Autoliv Inc., Tokai Rika Co. Ltd, and Iron Force Industrial Co. Ltd.
Automotive Seat Belt Pretensioner Market Leaders
Autoliv Inc.
Joyson Safety Systems
Tokai Rika Co. Ltd
Iron Force Industrial Co. Ltd
ZF Friedrichshafen AG
*Disclaimer: Major Players sorted in no particular order
