DETROIT, April 10, 2018
DETROIT, April 10, 2018 /PRNewswire/ --
Stratview Research announces the launch of a new research report on Automotive Airbag Yarn Market by Vehicle Type (Compact Car, Midsize Car, Large Car, MPV and LCV, SUV, and Others), by Airbag Type (Driver Airbag, Passenger Airbag, Side Airbag, Knee Airbag, and Curtain Airbag), by Yarn Type (Polyamide and Polyester), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
This report, from Stratview Research, studies the airbag yarn market in the global automotive industry over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The 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.
Airbag Yarn Market in the Global Automotive Industry: Highlights
The growth prospects of the automotive airbag yarns market seem promising with favorable opportunities in all four regions. All the major automakers are increasingly introducing more airbags per vehicle to make their vehicle safer for passengers as well as for meeting the stringent passenger safety standards of different countries.
As per Stratview Research, the global automotive airbag yarn market is likely to experience a healthy growth during the forecast period of 2018 to 2023 and is estimated to reach $1,274.3 billion in 2023, offering an opportunity to the players in the value chain to align themselves with the market growth.
There are several factors bolstering the growth of the airbag yarn market. The author of the report cited organic growth of automobile production, especially in Asia and Rest of the World, introduction of more bags per vehicle, high focus on passenger safety, and introduction of more stringent safety standards across the globe as the major drivers of airbag yarns in the automotive industry.
In terms of vehicle type, compact cars, SUVs, and MPVs & LCVs are expected to offer healthy growth opportunities for airbag yarns in the coming years. Increasing demand for hatchbacks and SUVs in the major Asian countries, such as China and India, and highly congested cities of the developed economies are the major drivers of the demand for yarns for airbags in these vehicle types.
According to the study, polyamide is likely to remain the most dominant material type in the market during the forecast period. Polyamide 6.6 yarn is mainly used in airbags with little usage of polyamide 6 yarn. Polyester yarns are more preferred for making side and curtain airbags and are rapidly gaining share in the market.
Based on region, Asia-Pacific is expected to remain the most dominant market for airbag yarns during the forecast period. Asia-Pacific is set to experience the highest growth in the coming years with most of the growth coming from developing economies including India and China. Most of the major airbag yarn producers are forming strategic alliances with the Asian companies to set up a plant in Asia, mainly in China, to tap the market potential.
The key airbag yarn suppliers for the automotive industry are Invista S.a.r.l., Toyobo Co., Ltd. (PHP Fibers), Toray Industries, Hyosung Corporation, and Asahi Kasei Fibers. New product development, capacity expansion, execution of merger & acquisitions, development of new optimized manufacturing process, collaboration with customers, and formation of long-term contracts are the key strategies adopted by the major players to gain a competitive edge in the market.
This 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 report:
This report studies airbag yarn market in the global automotive industry and has segmented the market in four ways, keeping in mind the interest of all the stakeholders across the value chain. The following are the four ways in which the market is segmented:
Automotive Airbag Yarn Market by Vehicle Type:
Automotive Airbag Yarn by Airbag Type:
Automotive Airbag Yarn Market by Yarn Type:
Automotive Airbag Yarn Market by Region:
Stratview Research has several high value market reports in the global automotive industry. Please refer to the following link to browse through our reports:
Some of our other premium reports in the automotive industry:
Automotive Airbag Inflators Market by Vehicle Type, by Airbag Type, by Inflator Type, by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018 - 2023
Automotive Headlamp Reflector Market by Vehicle Type, by Light Type, by Material Type, by Manufacturing Process, by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018 - 2023
About Stratview Research
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We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.
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