Automotive Seatbelt Pretensioner Market Size, Share & Trends Analysis Report By Technology (Retractor Pretensioner, Buckle Pretensioner), By Seatbelt Type (Rear, Front), By Vehicle Type (Passenger Cars, Commercial Vehicles), By End-user (OEM, Aftermarket) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2022-2030

Market Overview

The global automotive seatbelt pretensioner market had a revenue holding of USD 13.90 billion in 2021. It is expected to reach USD 23.7 billion by 2030, growing at a CAGR of 6.88% during the forecast period (2022–2030).

A seat belt pretensioner is a component of the seat belt system that secures the seatbelt in position in the event of a collision. It is an upgrade to a vehicle's standard seatbelt that has been shown to prevent injuries and fatalities. This is a crucial function because it firmly secures the occupants in their seats and enables them to receive the maximum level of protection from their airbags in the case of an accident. When sensors see the distinctive abrupt deceleration of an accident, the pretensioner mechanism drives a hidden piston with an explosive charge. The seatbelt cloth strap is wound around a spool swiftly driven by the piston. Instantaneously, the slack in the belt is eliminated by that swift retraction of the fabric.

Technological advancements, rising awareness, and strict safety rules and legislation by governments worldwide are the main factors driving the market's growth. The demand for and sales of seat belt pretensioners in automobiles worldwide may also expand as more vehicles incorporate automotive seat belt pretensioners due to increased passenger safety and governmental regulations. Strict government regulations have also helped the market grow, as sales are expected to rise significantly as technology develops and new and superior seatbelt systems become available. The growing demand for seatbelts has helped the market grow because of the increased public awareness of the significance of driving safety.

Market Dynamics

Global Automotive Seatbelt Pretensioner Market Driver

Growing Number of Automobiles

There has been an increase in global vehicle production over the past five years, accompanied by a rise in safety concerns. Around the world, road traffic accidents are estimated to result in 1.35 million fatalities annually. The treatment and lost productivity expenses that follow account for close to 3% of the GDP in most nations. Despite owning more than 60% of the world's vehicles, low- and middle-income countries are responsible for 93% of all traffic fatalities. Governments have been forced to enact strict safety regulations relating to driver safety due to expanding vehicle production and demand for passenger vehicles. Pretensioners, used to make seat belts more effective, have seen a rise in usage due to various government initiatives to reduce the fatalities caused by traffic accidents by drafting and enforcing seat belt laws.

Several UN vehicle safety regulations could save many lives if followed by nations' production and manufacturing standards. They require automakers to ensure that all vehicles are equipped with airbags and seat belts. Without these core requirements, there is a significantly increased risk of internal and external injuries from road accidents. On the other side, growing consumer disposable income is driving up demand for luxury car sales, which come standard with improved safety features. This aspect is also accelerating market expansion. The growing need for seatbelts has helped the market grow because of the increased public awareness of the significance of driving safely.

The demand for automobiles and, consequently, automotive seatbelts worldwide is anticipated to rise due to the high rate of urbanization and the rise in the number of young, educated people. As new technologies spur new features that enhance vehicle safety, consumer perceptions of automobile safety components have evolved. According to a TMR analysis of the automobile seat belt pretensioner market, using a seat belt with a pretensioner lowers the probability of fatalities by over 13%. Pretensioners and load limiters were installed on the driver's and passenger's front seats of all new cars and LTVs sold in the United States by the model year 2008. Automotive seat belt pretensioners are predicted to continue to sell well in the future due to the rising worldwide automobile population and strict road safety regulations.

Global Automotive Seatbelt Pretensioner Market Restraint

Production Recalls and Malfunctioning

Although there is a substantial need for seatbelt pretensioners, it is projected that product malfunctions and manufacturer recalls would limit market expansion by hurting the brand image and reducing customer influx. Common causes of passenger seatbelt pretensioner system malfunction include damaged wires, connectors, or fuses, an open or shorted circuit, and activation. Too much slack in the seat belt can cause collisions with the instrument panel, steering wheel, windshield, or vehicle ejection. These scenarios can cause severe damage or death.

Too much slack in the seat belt can cause collisions with the instrument panel, steering wheel, windshield, or vehicle ejection. All of these circumstances can be deadly. Pretensioners for safety belts can only be used once and must be readjusted after each use. It must be replaced whether the seatbelt pretensioner was accidentally activated by a collision or was already activated. Due to these limits, the market is confined.

Global Automotive Seatbelt Pretensioner Market Opportunities

Emerging Component and Sensing Technologies

Several firms are offering innovative seatbelt technologies as goods that both drivers and passengers may use. Accordingly, recent developments in seatbelt-sensing technology have opened up new possibilities. For instance, Valeo launched a technology in 2021 that combines functions by warning drivers and passengers to buckle their seatbelts appropriately in the event of driver sleepiness. International organizations like the Euro New Car Assessment Program (NCAP) and Global NCAP's public testing of vehicle crash safety standards gave the demand for safety more traction and raised buyers' awareness of the benefits of utilizing seatbelts and seatbelts pretensioners. During the projected period, there will be more market growth potential due to rising automobile sales worldwide and the improved safety that seatbelt pretensioners offer.

Regional Analysis

By region, the global automotive seatbelt pretensioner market includes North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.

Preponderance of Asia-Pacific Across the World

Asia-Pacific will command the market, expanding at a CAGR of 7.92% over the forecast period. The significant contributors to the Asia-Pacific market are economies like China, Japan, and India. India's automotive sector is expanding rapidly, and by 2026, it is predicted that it will rank third globally in terms of volume. India's automobile industry makes up a staggering 7.1% of the country's GDP. Over the past ten years, the automotive component business has also experienced tremendous expansion. The localization of their components in the nation has expanded dramatically due to the involvement of international original equipment manufacturers (OEMs) in the Indian auto components business. According to a research report produced by Union Road Transport & Highways, the government has established safety regulations and guidance for road safety. The market for automotive seatbelt pretensioners is anticipated to grow during the projected period due to a rise in high-end vehicles and stricter road safety regulations.

Europe will likely generate USD 6 billion by 2030, growing at a CAGR of 6.2%. The growth is majorly attributable to nations like Germany, France, and the UK. In Europe, Germany occupies a significant portion of the market. This is a result of the presence of substantial automakers in this nation. Germany is predicted to experience growth for seatbelt pretensioners since it is a well-known center for the automotive industry and because vehicle manufacturing has increased over time. Since passenger car sales have increased yearly, Germany, one of the most significant contributors to automobile sales, has seen an enormous demand increase. The market is expected to develop faster during the forecast period due to rising vehicle age and rising spending on automotive innovation.

Segmental Analysis

The global automotive seatbelt pretensioner market is classified into technology, seat type, vehicle type, end-user, and region.

By technology, the global automotive seatbelt pretensioner market includes Retractor Pretensioner and Buckle Pretensioner.

The Retractor Pretensioner section is expected to hold the largest market share, growing at a CAGR of 7.51% over the forecast period. In the case of a collision, the combination of a retractor with a pretensioner is more successful at securing the passengers tightly to their seats and reducing the likelihood of fatalities. Due to this, several OEMs have been providing cutting-edge goods in the sector to satisfy consumer demand. Tata Tigor EV received a high safety rating in 2021 because of retractable pretensioners to prevent the passenger from moving excessively forward after an impact.

The Buckle Pretensioner will hold the second-largest market share. Compared to retractor pretensioners, manufacturers' market for buckle pretensioners has seen less progress. The development of buckle pretensioners has been ongoing for vehicle manufacturers and suppliers. The first illuminated smart seat belt buckle with a clear, transparent button in place of the conventional red eject button was patented by KODA in 2020. The patented system will use red, green, and white colors to denote various usage modes.

By seat type, the global automotive seatbelt pretensioner market includes Rear and Front Seats.

The Front Seat section is expected to hold the largest market share, growing at a CAGR of 6.85% over the forecast period. The use of seatbelts has significantly increased by new technology that reminds the driver and front-seat passenger to buckle up. n Due to the heightened risk of crashing the vehicle in urban environments, it is anticipated that the market for pretensioners will be driven by the rising sales of performance vehicles globally. It is significantly more crucial to employ front-row seatbelt pretensioners because the steering wheel, dashboard, windscreen, and other automotive components are located there, which will accelerate market expansion throughout the projection period.

The Rear Seat section will hold the second-largest market share. In response to growing safety rules in practically every country, several automotive manufacturers have introduced rear seatbelt pretensioners. Other companies have also proposed techniques to increase the security of a vehicle's rear-seat occupants. Rear-seat airbags, which safeguard passengers in the back seats in the event of a frontal collision, will be introduced by Mercedes in 2020. To give the best safety for the passengers without endangering them, the airbags work in conjunction with inflatable seat belts and finely adjusted pretensioners.

By vehicle type, the global automotive seatbelt pretensioner market includes Passenger and Commercial Vehicles.

The Passenger Car section is expected to hold the largest market share, growing at a CAGR of 6.85% over the forecast period. One of the leading market drivers has been the rise in SUV sales globally. The higher center of gravity caused by the raised ride height increases the likelihood of an overturned or toppling vehicle when turning at a high rate of speed.

The Commercial Vehicle section will hold the second-largest market share. Since the global lockdown's easing in the pandemic's aftermath, trade and e-commerce have increased significantly. This has boosted the use of commercial cars throughout the world. Tata Motors launched INTRA compact vehicles in India in May 2019. The truck has a clever nose and seatbelts with ELR for long-distance driver safety.

By end-user, the global automotive seatbelt pretensioner market includes OEM and Aftermarket.

The OEM section is expected to hold the largest market share, growing at a CAGR of 7.2% over the forecast period. There has been a significant increase in technology development that potentially reduces the fatalities resulting from automobile accidents due to the increased emphasis placed on passenger safety. Original equipment manufacturers have been reinventing several technologies to make their goods more reliable in terms of security.

The aftermarket section will hold the second-largest market share. Used car sales have dramatically increased worldwide, especially in developing nations like India. These markets present considerable prospects for the aftermarket sector of the seatbelt industry and, as a direct result of those opportunities, the pretensioner market.

Impact of covid-19

COVID-19 has positive and negative market consequences, as carbon emissions have decreased globally due to the lockout. COVID-19's reduction in emissions is a short-term benefit. Still, when industries and enterprises attempt to recoup some of their financial losses in the first quarter of the year, carbon emissions will rise dramatically. COVID-19 had a negative impact on global recycling efforts. Countries, notably the United States, have halted or decreased recycling programs to focus on collecting additional domestic waste or because services have been disrupted by the virus.

Also, with industries slowly returning to normalcy following the COVID-19 outbreak, this shift in workplace health and safety is expected to increase due to mandatory social distancing and continuous personal care through sanitization to eliminate even the tiniest possibility of COVID-19 spread. COVID-19 has impacted various companies' revenues, and if the lockdown is lifted, companies will turn their attention to operations to make up for their losses.

Recent Developments

• 2022 - Autoliv Inc. and POC, a leading company in cycling and winter sports safety, collaborated to research and create bicycle and e-bike helmets with airbag technology to enhance head protection and lessen the effects of a collision.