The automotive seat belt pretensioner market was valued at USD 13. 90 billion in 2021 and is expected to reach USD 20. 62 billion by 2027, registering a CAGR of about 6. 78% during the forecast period (2022-2027).
New York, Feb. 01, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Automotive Seat belt Pretensioner Market – Growth, Trends, COVID-19 Impact, and Forecast (2022 – 2027)” – https://www.reportlinker.com/p06221853/?utm_source=GNW
The Covid-19 pandemic affected the automobile industry as demand and sales of automobiles in most countries have shown a decline in the year 2020. However, post lockdown an increase in the demand for automobiles started picking up pace which expected to raise the demand for seatbelt pretensioner in various countries across the world over the forecasted period.
The primary drivers propelling the market’s growth include technological advancements, increasing awareness, and stringent safety regulations and laws by governments across the world. Moreover, an increase in the adoption of automotive seat belt…