Stratview Research announces the addition of a new market research report on Global Automotive Airbag Fabric Market by Vehicle Type (Compact Car, Mid-size Car, Large Car, MPV & LCV, SUV, and Others), by Application Type (Front Airbag, Side Airbag, Knee Airbag, Curtain Airbag and Other Airbags), by Yarn Type (Polyamide and Polyester), by Coating Type (Neoprene Coated, Silicone Coated, and Non-Coated), by Product Type (Flat Airbag Fabric and OPW Airbag Fabric), and by Region (North America, Europe, Asia-Pacific and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016 – 2021.
This market report from Stratview Research studies the automotive airbag fabric market over the period 2010 to 2021. The research report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The Global Automotive Airbag Fabric Market: Highlights
Stratview Research foresees a strong growth of CAGR 7% in the global automotive airbag fabric market over the next five years (2016 – 2021), which offers an opportunity to the fabric, textile and yarn industry players to align themselves with the market growth.
There are several factors bolstering the growth of airbag fabric in the global automotive industry. The author of the report cited increasing production of automobiles fueled by rising disposable income, increasing installation of airbags per car, introduction of more stringent safety standards, and demand for low cost fabrics as the factors driving the airbag fabric market in the automotive industry.
As per the study, compact car is expected to remain the largest market for airbag fabrics in terms of vehicle type over the next five years, driven by increasing production in the Asia-Pacific and the European regions. The vehicle type (compact car) is also likely to witness the fastest growth for the same period, owing to rising demand in the Asia-Pacific region mainly in Japan, China, and India, and high congested cities in the developed countries.
In terms of airbag type, curtain airbag has been the largest consumer of the airbag fabrics in the global automotive industry and is also likely to witness the fastest growth for the same period.
Polyamide 6.6 which is the most widely used yarn for making airbag fabrics, is likely to remain the most dominant yarn type in the global automotive airbag fabric market. However, polyester yarn is expected to grow at a faster rate over the next five years owing to its lower cost and increasing adoption in the knee and curtain airbags, mainly in the US and Europe.
Silicon coated airbag fabric is expected to remain the most dominant coating type in the global automotive industry. However, non-coated airbag fabric, which currently occupies very small market share, is expected to grow at a faster rate in the coming five years.
Asia-Pacific has been the largest market for airbag fabric in the automotive industry. China, Japan, South Korea, and India being the major markets. China and India are the growth engines of the Asia-Pacific market due to an incessant increase in the demand for vehicles and introduction of stringent safety standards. However, RoW is expected to grow at the fastest rate owing to upcoming assembly plants and increasing penetration of airbags per cars.
Global Safety Textiles (Hyosung), Toyobo, Toray Industries, Autoliv AB, and ZF TRW are some of the global airbag fabric manufacturers in the automotive industry. New fabric development, advancement in automotive airbag safety features, and collaboration with OEMs are the key strategies adopted by the key players to gain a competitive edge in the market.
This industry research report from Stratview Research provides market intelligence in the most comprehensive manner. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the research report:
Avail free customization options which are listed in the link given below along with the detailed Table of Contents and Report Description.
Free customization options for market research report on global automotive airbag fabric market
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