A new report has been published by Transparency Market Research titled, ‘Global Automotive Seat Belt Pretensioner Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’. According to the TMR report, the global market for automotive seat belt pretensioners is estimated to exceed US$ 6 Bn by 2027, expanding at a CAGR of above 5% during the forecast period. As the report, the global automotive seat belt pretensioner market is expected to be driven by a range of industry-specific and macroeconomic factors. From a regional perspective, Asia Pacific is projected to be at the forefront of global demand, with the automotive seat belt pretensioner market in the region expanding at a CAGR of more than 5% between 2019 and 2027.

An automotive seat belt pretensioner is used to remove excess slack, almost instantaneously, upon sensing that the vehicle has slowed its acceleration rapidly, typically by firing a pyrotechnic device. There are different types of automotive seat belt pretensioners that are mostly installed in combination with other components of the seat belt system, such as buckles, retractors, and anchors. In most cases, pyrotechnic pretensioners are used, which explode on sensing a sudden force, and retract the webbing of the seat belt to hold the occupant firmly on the seat. Other types of automotive seat belt pretensioners are motorized and mechanical pretensioners.

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Rise in per capita income among developing economies has resulted in the emergence of several first-time consumers, thus inciting vehicle production, thereby, fueling the demand for automotive seat belt pretensioners. Government initiatives in China and India to boost vehicle production in the region are boosting the seat belt market in Asia Pacific. The quickly growing automotive industry in ASEAN is anticipated to fuel the automotive seat belt pretensioner market in this sub-region. Rising usage of active safety features in new vehicles to improve the safety of passengers, and continuous developments in the field of safety equipment carried out by major manufacturers such as Autoliv, Inc. and ZF Friedrichshafen AG are projected to propel the market during the forecast period.

As per TMR, most of the drivers and passengers who lose their lives in motor vehicle crashes do not use the seat belt. The belt lowers the impact in case of a frontal collision, and aids avoid fatal injuries. Therefore, mandates by governments on the seat belt system are likely to create a positive impact on the automotive seat belt pretensioner market during the forecast period. Some of the major players operating in the global automotive seat belt pretensioner market include APV Safety Products, Autoliv Inc., Beam’s Seat belts, Belt-tech, BERGER GROUP, Continental AG, DENSO Corporation., Far Europe Inc., Goradia Industries, GWR Co., Joyson Safety Systems, Seat belt Solutions LLC, TOKAIRIKA, CO, LTD, and ZF Friedrichshafen AG.

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