Rising Demand from Consumers to Push Sales of Seatbelt Retractor 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.

Seatbelts are extremely important components of an automobile from the safety point of view. In times of accidents, seatbelts can prove to be life saviors. It is advisable to the drivers as well as passengers to wear the seatbelts while driving because seatbelts act as safeguards at the time of accidents. The work of a seatbelt retractor is to store the webbing that is not being used and at the time of a crash, lock the webbing. Modern retractors consist of two types of independent sensors, which are vehicle sensors and webbing sensors. These sensors ensure high reliability. A spool is present as a central element in the seatbelt retractor assembly. At one end of the webbing, spindle (or spool) is attached. Spring is used to provide the rotational force.

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This spring is present inside the seatbelt retractor assembly. Any loose webbing is wound up by the spindle with the help of the spring that rotates the spindle. When the webbing is pulled out. The spindle rotates in the anti-clockwise direction, and hence the spring rotates in the same direction. In short, the spring is untwisted by the rotating spool. The spring resists this twisting motion as it tries to return to its original shape. The spindle rotates in the clockwise direction until the belt is tight or there is no slack left in it, and the spring tightens up when the webbing is released. The parent market of the Global Seatbelt Retractor Market is the Global Automotive Seatbelt Market.

FACTS AT A GLANCE

Companies:Tokai Rika Co. Ltd.,Autoliv Inc.,Hyundai Mobis Co. Ltd.,ZF TRW Automotive Holdings Corp.,Toyoda Gosei Co. Ltd.,Takata Corporation,Key Safety Systems Inc.,Robert Bosch GmbH,Denso Corporation,Continental AG

Coverage: All major geographies and key segments

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Segments: Seatbelt Retractor Market Segmented By design type such as Belt-in-seat, Six-point belt, Five-point belt, Four-point belt, Three-point belt, Two-point belt with vehicle type such as Medium Commercial Vehicle (MCV),  Light Commercial Vehicle (LCV), High Commercial Vehicle (HCV), Large car, Mid-size car, Compact car and Multi-Purpose Vehicle (MPV)

Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

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ABSTRACT-

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 retractors 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 Retractor Market. The introduction of strict safety measures as well as the standards related to the safety of the passengers and the driver in the automobile set by the governments of certain countries are also likely factors that will drive the growth of the Seatbelt Retractor 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 Retractor Market.Increasing number of casualties in the road accidents worldwide is a reason for concern that will lead to growth in the Seatbelt Retractor 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 Retractor Market. A major factor that is likely to restrain the growth of the Seatbelt Retractor Market is the high cost of the new and advanced seatbelt retractors that are soon replacing the traditional retractors in the automobiles. 

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