Automotive Seat Belt Pretensioner Market Highlights:
Automotive Seat Belt Pretensioner Market Global Forecast 2018 to 2023, Global Automotive Seat Belt Pretensioner Market shows prominent growth of 7.2% by 2023. This growth is attributed to growth in the sales of passenger cars and trucks, and government initiatives on vehicle and passenger safety. Owing to this technology, there has been a rise in the adoption of automotive seat belt pretensioners among the population. Automotive Seat Belt Pretensioner Market studied by Pretensioner Type (Retractor and Buckle), By Vehicle Type (Passenger Vehicles and Commercial Vehicles and by End Market (OEMs and Aftermarket) and By Region.
Key Players In The Automotive Seat Belt Pretensioner Industry Studied For This Research Report are: 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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The global automotive seat belt pretensioner market is a very dynamic and is expected to witness significant growth over the forecast period. The global market has experienced that the car users have now become more concerned about vehicle safety as the number of car crash and collision incidents have increased. As a result, the demand for automotive seat belt embedded vehicles have increased, which is turn has increased the demand for seat belt pretensioners among users.
There has been a rise in the adoption of automotive seat belt embedded vehicles, owing to the level of passenger safety, which positively impacts the market for automotive seat belt pretensioner. The rising safety concerns due to the rise in the number of accidents, and government initiatives, also drive the market. The high cost of automotive seat belt pretensioner embedded vehicles, and low disposable incomes in underdeveloped economies, hinder the market growth. The major trend for this market is growing sales of luxury vehicles. The global automotive seat belt pretensioner market is expected to grow around 7.2% CAGR, during forecast period.
Region wise, the global automotive seat belt pretensioner market has been segmented as North America, Europe, Asia Pacific and Rest of the World. Asia Pacific has accounted for the largest market share, in 2016, followed by North America and Europe. In Asia Pacific, countries such as China, South Korea, Japan and India are the major manufacturers of automotive seat belt pretensioner. In Europe and North America, policies regarding road safety has become the major growth driver. Europe, has been witnessing a rise in the sales of luxury vehicles, which has augmented the demand for automotive seat belt pretensioner. Also, Germany, UK and France being the leading countries in Europe, has fuelled the growth of the market. Asia Pacific has been the fastest growing region in the global market.
Automotive Seat Belt Pretensioner Market Segmentation:
For the purpose of this study, the global automotive seat belt pretensioner market has been divided on the basis of pretensioner type, vehicle type, end market and region. On the basis of pretensioner type, the market has been segmented as retractor and buckle. Among these types, retractor type is expected to dominate the market during the forecast period. On the basis of vehicle type, the market has been segmented as passenger vehicles and commercial vehicles. However, the increasing sales of passenger cars is expected to dominate the passenger car segment during the forecast period. On the basis of end market, the market has been segmented as OEMs and Aftermarket. However, OEMs have dominated the market followed by aftermarket.
Scope of the Report:
This study provides an overview of the global automotive seat belt pretensioner market, tracking three market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive seat belt pretensioner market by pretensioner type, vehicle type, and end market and by regions.
The report for Global Automotive Seat Belt Pretensioner Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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