Automotive seatbelt pre tensioners are a passive safety system that activates upon detection of rapid deceleration during an accident. These systems reduce occupant energy during a crash by tightening the seatbelt during the first fraction of a second of deceleration. These systems are used to protect passengers in both large and small vehicles. According to the report, the automotive seatbelt pre tensioners market is expected to grow at a CAGR of 9.06% during the period 2014-2019.
This report will provide a detailed analysis of the automotive seatbelt pre tensioners market in the Americas from 2015.
The report will provide key industry statistics, including the revenue generated from seatbelt pre tensioners worldwide in 2015. It will also discuss the key growth drivers and restraints in the market, as well as the major opportunities and threats. The report is an essential resource for anyone who wants to understand the automotive seatbelt pre tensioners market.
North America is projected to be the second largest automotive seatbelt pre tensioners market in the Americas during the forecast period. Governments in the US are implementing stringent safety policies such as the 5-Star Safety Ratings Program, which are intended to increase passenger safety. In addition to the 5-Star Safety Ratings Program, governments are also investing in new technologies and products, which will help improve safety in automobiles.
Despite the increasing demand for seatbelt pre tensioners, the passenger car segment is expected to remain the dominant segment in the automotive seatbelt pre tensioners market during the forecast period. This is due to the increasing sales of SUVs, which place the center of gravity high and pose a greater risk for overturning. Seatbelt pretensioners in SUVs are essential for minimizing the potential damage during an accident.
The market for automotive seatbelt pre tensioners is segmented into two main types: passenger cars and commercial vehicles. The passenger car segment is projected to hold the majority of the market share during the forecast period, and will grow at a CAGR of 7% during the period. Commercial vehicles are expected to exhibit considerable growth during the forecast period, owing to safety regulations. Further, the demand for automotive seatbelt pre tensioners in commercial vehicles is expected to be boosted by the increasing sales of cars in the region.
The key players operating in this segment are Autoliv, Delphi Automotive, and ITW Safety.
Autoliv, the largest seatbelt maker, estimates that its revenue will fall by 15 percent in 2019. This will force the company to reduce its spending on new product development and consolidation of smaller players. In addition, the industry is likely to continue to face competitive pressures. So, while the market is expected to increase over the forecast period, vendors should focus on the fastest growing segments of the market.
As more vehicles adopt seatbelt pre tensioners, the market is set to grow at a steady rate. While traditional pretensioners require a certain level of force to function properly, electric pretensioners are more effective and provide better protection during prolonged rollovers. In addition, electric seatbelt pre tensioners operate on a continuous or repetitive basis, providing better protection during an extended rollover.