Press release
Seatbelt Pretensioners Market Estimated to Soar Higher During 2017 - 2025
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There is a slug with a pyrotechnic charge residing just behind, inside the tube. There is a cable attached to the slug. The cable is retracted inside the slug is propelled down the tube. The seatbelt buckle drops down a few inches when the pretensioner is fired. Seatbelt pretensioners come under the category of passive safety systems. During the accident, rapid deceleration is detected by an installed sensor and the seatbelt pretensioner assembly is activated. Seatbelt pretensioners make sure that the front seat passengers and the driver are held firmly to their seats at the time of a crash.
The parent market of the Global Seatbelt Pretensioner Market is the Global Automotive Seatbelt Market. The Global Automotive Seatbelt Market is estimated to grow at a CAGR of 3.1% in the forecast period 2017 to 2021 and reach $9.1 billion at the end of the year 2021. Global Seatbelt Pretensioner Market is estimated to grow at a CAGR of 7.46% during the forecast period 2017 to 2021.
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Seatbelt Pretensioners Market: Drivers and Restraints
Governments of various regions such as Australia, the Americas, and the Europe are emphasizing on the need for the use of advanced vehicle safety systems. Governments are trying to enhance the safety standards with the help of various organizations such as ANCAP, ASEAN NCAP, the NHTSA and the European NCAP. With the enforcement of these standards, the demand for the seatbelt pretensioners is likely to go up. With increasing awareness about the automobile safety measures and the increasing demand for safety systems in the automobiles that are better than the traditional ones, the demand for seatbelt pretensioners is expected to go up.
The rise in automotive production activities and the advancement in the technology related to the seatbelt assembly have led to the growth of Seatbelt Pretensioner Market. In recent years, compact cars have become the fastest selling segment of the automobile industry. This rise in production of the compact cars is likely to provide a boost to the Seatbelt Pretensioner Market. Increasing number of casualties in the road accidents worldwide is a reason for concern that will lead to growth in the Seatbelt Pretensioner Market in the forecast period 2017 to 2021. Also, seeing this growth, huge investments are being made in the Automotive Seatbelt Market that will eventually lead to the growth in the Seatbelt Pretensioner Market.
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Seatbelt Pretensioners Market: Regional Outlook
The Asia Pacific and the North America regions are expected to hold their position as the highest revenue shareholders in the Seatbelt Pretensioner Market in the forecast period 2017 to 2021. The Asia Pacific region owes the growth in the Seatbelt Pretensioner Market to the increasing cases of road accidents and implementation of the measures related to road safety. Countries like India, China, South Korea, Thailand, and Japan are the major markets for the seatbelt pretensioners in the Asia Pacific region. Asia Pacific region is gradually being called the hub of automobile production.
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