NEW YORK , July 7, 2022 -- The "Automotive Seat Belt Pretensioner Market by Application and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. According to the report the market will be significant in APAC. The increasing awareness about automotive safety among consumers has been crucial in driving the growth of the regional market. Globally, the market is anticipated to record an incremental growth of USD 3.65 billion at an accelerated CAGR of 5.79% during the forecast period.
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The global automotive seat belt pretensioner market is moderately fragmented. The growing consumer awareness about global NCAP ratings is encouraging automakers to equip their vehicles with seatbelt tensioners. Technavio identifies Ashimori Industry Co. Ltd., Autoliv Inc., cnwzruihao.com, General Motors Co., Goradia Industries, Guangzhou Fuxin Auto Parts Co. Ltd., GWR, Hyundai Motor Group, Iron Force Industrial Co. Ltd., ITW Automotive Products GmbH, Joyson Safety Systems Aschaffenburg GmbH, PTseatbelt.com, Special Devices Inc., Tech Mahindra Ltd., Tokai Rika Co. Ltd., TransDigm Group Inc., Wenzhou Far Europe Automobile Safety System Co. Ltd., and ZF Friedrichshafen AG as some of the major market participants.
Factors such as the increasing demand for SUVs, stringent government regulations pertaining to passenger safety, and the increasing production and demand for passenger vehicles will offer immense growth opportunities. However, the growing adoption of active safety systems will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Automotive Seat Belt Pretensioner Market 2022-2026: Segmentation
The global automotive seat belt pretensioner market is segmented as below:
The passenger vehicles segment accounted for maximum share of the market. Rapid electrification in passenger vehicles, high sales of luxury vehicles, and increasing disposable incomes of consumers are driving the growth of the segment. The market growth in the segment will be significant during the forecast period.
About 50% of the market growth will originate from APAC during the forecast period. The increasing sales of passenger and commercial vehicles and rising investments in the development of EVs are expected to drive the growth of the regional market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our automotive seat belt pretensioner market report covers the following areas:
Automotive Seat Belt Pretensioner Market 2022-2026: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the automotive seat belt pretensioner market. Backed with competitive intelligence and benchmarking, our research report on the automotive seat belt pretensioner market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
Automotive Seat Belt Pretensioner Market 2022-2026: Key Highlights
Automotive Seat Belt Pretensioner Market Scope
Accelerate at a CAGR of 5.79%
APAC, Europe, North America, South America, and Middle East and Africa
US, China, Japan, India, and Germany
Leading companies, competitive strategies, consumer engagement scope
Ashimori Industry Co. Ltd., Autoliv Inc., cnwzruihao.com, General Motors Co., Goradia Industries, Guangzhou Fuxin Auto Parts Co. Ltd., GWR, Hyundai Motor Group, Iron Force Industrial Co. Ltd., ITW Automotive Products GmbH, Joyson Safety Systems Aschaffenburg GmbH, PTseatbelt.com, Special Devices Inc., Tech Mahindra Ltd., Tokai Rika Co. Ltd., TransDigm Group Inc., Wenzhou Far Europe Automobile Safety System Co. Ltd., and ZF Friedrichshafen AG
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period.
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