Automotive Seat Belt Retractor Market Report

Seat belts are an integral safety mechanism of a vehicle and most modern seat belts are equipped with retractors, which lock up when a crash or accident occurs. With the increasing number of road casualties, it calls for the need to improve the safety infrastructure in vehicles. This is where Automotive Seat Belt Retractor comes into play. It has been observed that the manufacturers of Seat Belt Retractors are integrating new features in the safety system so as to improve the overall efficiency and cater to the growing demand.

Growing Concerns over Safety to Incite Market Growth in Years to Come

Adoption of Automotive Seat Belt Retractor is on the rise owing to increasing concerns over safety while driving. Increasing vehicle sales and production is likely to drive the market in future. Moreover, introduction of stringent safety standards is compelling the manufacturers to integrate Automotive Seat Belt Retractors in vehicles, thus benefitting the market growth. Robust growth of the automotive industry and innovations in technology are positively impacting the growth of the market.

Manufacturers to Focus on Technological Advancements in Future

Detailed analysis of the company profiling of the key manufacturers including Autoliv Inc., Continental AG, APV Safety Products, Belt-tech, Beam’s Seatbelts, GWR Co., Joyson Safety Systems, Seatbelt Solutions LLC, DENSO Corporation, Far Europe Inc., ZF Friedrichshafen AG., Goradia Industries, GWR Co, TOKAIRIKA, CO, LTD, Kingfisher Automotive, BERGER GROUP, and ZF Friedrichshafen AG has been done in the report.

Market players are focusing on consolidating their position in the global Automotive Seat Belt Retractor market with the help of advancements pertaining to the seatbelt technology and expansion of manufacturing facilities. Other strategies such as product differentiation and long term partnership with automakers are also considered by the market participants.

Market Segmentation

By Seat

●  Front

●  Rear

By Technology

●  Emergency Locking Retractor

●  Automatic Locking Retractor

●  Switchable Retractor

By Vehicle Type

●   Passenger Vehicle

●   Light Commercial Vehicle

●   Sedan

●  Hatchback

●  UV

●  Heavy Commercial Vehicle

Usage of Automotive Seat Belt Retractor will increase in the light commercial vehicle owing to their huge demand. As far as the technology is concerned, Emergency locking retractor is gaining traction among the manufacturers as it offers increased safety benefits. The market is currently witnessing huge production of these technology types. Introduction of advanced technology seat belts in vehicles is likely to foster the growth of the front seat segment.

By Region

Asia Pacific is likely to present rewarding prospects for the Automotive Seat Belt Retractor manufacturers in the coming years owing to surge in the passenger vehicle sales and growing road accidents. Moreover, key players are increasingly establishing their manufacturing base in the APAC region, thus impacting the regional growth. Middle East and Latin America are also not lagging behind due to emerging seatbelt assembly plants in these regions.

The automotive industry has undergone myriad changes over the past century. It has stirred a revolution, setting in motion trends that have completely transformed the transportation industry. Digitalization has drastically helped business models evolve by leaps and bounds. Major developments in the emerging economies have provided the automotive and transportation industry is a massive boost in recent years.

Increasing investments in automobile manufacturing, especially in the developing countries, strengthening trade and business opportunities, and growing e-commerce has all made its contribution towards shaping the automotive and transportation industry. Our reports take a detailed look at the various factors driving this industry and assess the lucrative opportunities for the players in the near future. The reports discuss the future of artificial intelligence, Internet of Things, vehicle-to-vehicle communication, and autonomous vehicles with utmost objectivity. The next-generation technological advancements and changing outlooks of the players have been studied with unbiased scrutiny for a clear picture of the trajectory of the industry.