About Locking Retractors
A car seat belt safety system includes a locking retractor. The seat belt system's webbing is held in place by the retractor. At the time of a collision during the travel, the retractor assists to keep the passenger safe. When emergency conditions are identified by sensors in the retractor, a traditional seat belt retractor passes around the occupant's body in the vehicle seat and provides a positive restraining force in an emergency by locking to prevent belt protraction. The retractor allows seat belt webbing to be played out in non-emergency situations, allowing the vehicle occupant to move around more freely in the seat.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The Locking Retractors market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on the production technologies, efficiency enhancement, and product life. There is various growth opportunity in this market by providing high-performance and smart tires which is captured by leading players via tracking the ongoing process enhancement and huge investment in market growth strategies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Locking Retractors market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
XS Scuba (United States), American Seating (United States), Changzhou Wangchao Vehicle Co., Ltd. (China), VELM (Italy), BAS (NW) Ltd (United Kingdom), Fasching Salzburg GmbH (Austria), Beam’s (United States), Daimler AG (Germany), Heshan Chang Yu Hardware Co., Ltd (China), Hornling (Taiwan) and Wujiang Solid Automobile Parts (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Becton (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Locking Retractors market by Type (Manual Locking Retractors, Automatic Locking Retractors and Emergency Locking Retractors), Application (Passenger Vehicles, Light Commercial Vehicles and Heavy Commercial Vehicles) and Region.
On the basis of geography, the market of Locking Retractors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Growing Demand for the Emergency Locking Retractor Systems
Market Growth Drivers:
Raising Awareness of Passenger Safety Even In Emerging and Developing Economies and Increase the Demand for Seat Belt Systems and Subsequently Increase the Demand for Locking Retractors
Challenges:
Passengers Get Uncomfortable During Normal Journey Due To Stretched Webbing
Restraints:
Poor Implementation of Automotive Safety Rules by Authorities In developing countries
Opportunities:
Rising Technological Innovation of Locking Retractors Is Further Projected To Increase Their Demand and Rising Demand for Automobiles across the World Is Estimated To Increase the Demand for Locking Retractors
Market Leaders and their expansionary development strategies
In November 2023, Microline Surgical, Inc., a subsidiary of HOYA Corporation, announced that it has acquired the rights to certain laparoscopic instrumentation assets from RETRACTION Limited.
In May 2021- Valvo Cars launches the convertible seat locking retractor that will automatically release when the seat belt is unbuckled and allowed to retract fully.
Key Target Audience
Locking Retractors Manufacturers, Locking Retractors Traders/Distributors, Locking Retractors Importer/Exporter, Industry Associations, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.