Transparency Market Research has published a new report on the global automotive seat belt retractor market for the forecast period of 2019–2027. According to the report, the global automotive seat belt retractor market is projected to reach a valuation of ~ US$ 8 Bn by 2027, expanding at a CAGR of ~ 3% during the forecast period.
Automotive Seat Belt Retractor Market: Introduction
According to the report, the global automotive seat belt retractor market is expected to be determined by a range of factors having influence of industry-specific and economic aspects. The Asia Pacific automotive seat belt retractor market is expected to be at the forefront of global demand, with the ma automotive seat belt retractor market in the region expanding at a CAGR of ~ 3% between 2019 and 2027.
Extra webbing in seat belts is gathered and stored by the automotive seat belt retractor. Most three point seat belts have a single automotive seat belt retractor that clamps the webbing for both, the lap and shoulder. There are numerous types of automotive seat belt retractors such as emergency locking retractors, automatic locking retractors, and switchable retractors, which are typically equipped in the grouping of other components of the seat belt system.
In most cases, emergency locking retractors are employed. As the name suggests, an emergency locking retractor locks only during a sudden stop, acceleration, turn, or crash of the vehicle.
An automatic locking retractor (ALR) makes it possible to secure a child seat without using a seat belt locking clip. It locks the seat belt at a particular length. The automatic locking retractor helps the additional seat belt webbing to draw into the seat belt system into the retractor till the webbing is fitted around the driver’s or passenger’s hips. During that point, a bar engages a spool with the gears, and avoids further release of additional webbing.