Asia-pacific Automotive Seatbelt Pretensioner Market to be dominated by Passenger Car till 2027
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.
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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.
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“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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