Automotive Seat Belt Pensioner Market
The worldwide Automotive Seat Belt Pensioner Market is registered to account for nearly 7.2% CAGRduring the analysis period. Further, the global market is estimated to generate significant market value during the forecast time frame of 2030. The demand for automotive seat belt embedded vehicles is increasing among people due to its specific features like level of passenger safety. This is also leading to enhancing the Seat belt pretensioner market during the review period.
Moreover, the global market is also expanding due to the increasing safety concern because of the rising government initiative and number of accidents. However, the global market might get affected due to the low disposable incomes and high costs associated with automotive seat belt pretensioner embedded vehiclesin underdeveloped economies.
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Industry News
In December 2021, the new I4 was launched by the prominent key player BMW at theWorld event at corporate HQ in Munich. Here, a seat pretensioner system has been equipped in the new I4 that has been derived from Gedia Gebrueder Dingerkus. For instance, in June 2021, the major key player Renault India has tested its most basic safety specifications in Triber models that provide better features. It has been developed to improve significantly with head protection and improved chestfor rear-seat passengers.
Key Players -
The prominent players in the 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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Seat belt pretensioner market size Segmentation
Segmentally, the global Seat belt pretensioner market sizehas been classified based on vehicle type, pretensioner type, seat typeand end-users.
Based on the vehicle type segment, the global market is divided into commercial vehicles and passenger vehicles. Among these, the passenger car segment is expected to dominate the global market during the research period. It is because the sales of passenger cars are increasing day by day.
In terms ofpretensioner type segment, the Seat belt pretensioner market size has been classified into buckle and retractor. Out of all, the retractorpretensioner type segment is projected to lead the global market in the review period. On the basis of seat type segment, the worldwide market has been segmented into rear and front. Based on the end-user segment, the current market has been divided into Aftermarket and OEMs. Further, the OEMs end-user segment is estimated to dominate the worldwide market during the assessment timeframe.
Regional Analysis
Geographically, the global Seat belt pretensioner market sizehas been classified into Asia Pacific, North America, South America, Europe, and the rest of the World.
In 2016, the Asia Pacific regional market was registered to accountfor the largest market share. This region is expanding due to the presence of major automotive seat belt pretensionermanufacturers in the Asia Pacific countries like South Korea, China, India, and Japan. Following this, the regions like Europe and North America are also contributing significantly to the global market. These two regions are driving the market growth due to the supportive policies of the government regarding road safety. Moreover, significant growth has been seen in the sales of luxury vehicles in the European region, which has increased the automotive seat belt pretensioner demand in the specific region. Also, the European regional market is getting fuelled with the support of leading countries in Europe such as France, the UK, and Germany. For instance, the Asia Pacific regional market is projected to be the fastest-growing region during the research period.
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