The Automotive Airbag Fabric Market to experience an impressive growth of 7.0% CAGR during 2016-2021

Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Automotive Airbag Fabric Market, answers all the important questions.

Getting to the bare bones of the issues and factors which are sculpturing the market, Stratview Research brings out the best actionable market intelligence for the global Automotive Airbag Fabric Market.

The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2016-2021.

The important questions the report answers are:
1. What will be the market growth rate in the near future?
2. What are the major developments in the market wrt regulations, acquisitions and innovations?
3. What are the growth drivers as well as the constraints?
4. What are the regional growth hotspots?
5. What are the segmental growth forecasts?

These questions and many more, big and small, are all discussed in the report in great detail.


The strategic Market dissection

The dissection of the market is done to enlighten the aspects which are of interest to firms across the value chain.

Dissection by
1. Vehicle Type (Compact Car, Midsize Car, Large Car, MPV & LCV, SUV, Others)
2. Application Type (Front Airbag, Side Airbag, Knee Airbag, Curtain Airbag, Other Airbags)
3. Yarn Type (Polyamide based Airbag Fabric, Polyester based Airbag Fabric)
4. Coating Type (Neoprene Coated Airbag Fabric, Silicone Coated Airbag Fabric, Non-coated Airbag Fabric)
5. Product Type (Flat Airbag Fabric, OPW)
6. Region (North America, Europe, Asia-Pacific and RoW)

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The Growth Prognosis & its Drivers

The global automotive airbag fabric market is likely to grow at a healthy cumulative annual growth rate (CAGR) of 7.0% over the next five years. The demand for airbag is directly proportional to the demand for vehicles, hence, influencing the demand for airbag fabric as well. 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 are driving the airbag fabric market in the automotive industry.

The Key players

The top players are Global Safety Textiles (Hyosung), Toyobo, Toray Industries, Autoliv AB, and ZF TRW.

The undisputed Dominance of the Asia-Pacific

In terms of region, the automotive airbag fabric market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). 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 a continuous increase in the demand for vehicles and introduction of stringent safety standards. RoW is expected to grow at the fastest rate owing to upcoming assembly plants and increasing penetration of airbags per cars.

Emerging Trends: The automotive airbag fabric market is segmented based on vehicle type: Compact Car, Mid-size Car, Large Car, MPV & LCV, SUV, and Others. Compact car is expected to remain the largest airbag fabric market by 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 during the same period, owing to rising demand in the Asia-Pacific region, mainly in Japan, China, and India, and highly congested cities in developed countries.

The automotive airbag fabric market is segmented based on following application type: Front airbag, Side airbag, Knee airbag, Curtain airbag, and Other airbags. Curtain airbag has been the largest consumer of airbag fabrics in the global automotive industry. This airbag type is also likely to witness the fastest growth during the forecast period.

The automotive airbag fabric market is segmented based on following yarn type: Polyamide and Polyester yarn. 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.

In terms of coating, the automotive airbag fabric market is segmented into Neoprene, Silicone and Non-Coated airbag fabric. 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.

Click Here for Other Reports from Stratview Research in the Automotive Industry: https://www.stratviewresearch.com/market-reports/Automotive-Transportation.html

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