Automotive Airbag Fabric Market to grow at a healthy CAGR of 7.0% in 2021
Automotive Airbag Fabric Market report is a study offering actionable insights into the global market opportunities, trends, forecasts, and competitive analysis.
(EMAILWIRE.COM, December 28, 2018 )
Stratview Research has published a new research report on Automotive Airbag Fabric Market. This extensive report by Stratview Research analyses the growth of Automotive Airbag Fabric Market over the trend period of 2010 to 2015 and forecast period of 2016 to 2021 under the following segments -
• By Vehicle Type (Compact Car, Midsize Car, Large Car, MPV and LCV, SUV, Others)
• By Application Type (Front Airbag, Side Airbag, Knee Airbag, Curtain Airbag, Other Airbags)
• By Yarn Type (Polyamide based Airbag Fabric, Polyester based Airbag Fabric)
• By Coating Type (Neoprene Coated Airbag Fabric, Silicone Coated Airbag Fabric, Non-Coated Airbag Fabric)
• By Product Type (Flat Airbag Fabric, OPW)
• By Region (North America, Europe, Asia-Pacific, Rest of the World)
Go through the detailed scope: https://www.stratviewresearch.com/toc/125/automotive-airbag-fabric-market.html
Or
Get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/125/automotive-airbag-fabric-market.html
Demand of airbags in automotive industry
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.
Compact car is expected to remain the largest airbag fabric market
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.
Top market players
Global Safety Textiles (Hyosung), Toyobo, Toray Industries, Autoliv AB, and ZF TRW are the well-known airbag fabric manufacturers for 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.
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Stratview Research has published a new research report on Automotive Airbag Fabric Market. This extensive report by Stratview Research analyses the growth of Automotive Airbag Fabric Market over the trend period of 2010 to 2015 and forecast period of 2016 to 2021 under the following segments -
• By Vehicle Type (Compact Car, Midsize Car, Large Car, MPV and LCV, SUV, Others)
• By Application Type (Front Airbag, Side Airbag, Knee Airbag, Curtain Airbag, Other Airbags)
• By Yarn Type (Polyamide based Airbag Fabric, Polyester based Airbag Fabric)
• By Coating Type (Neoprene Coated Airbag Fabric, Silicone Coated Airbag Fabric, Non-Coated Airbag Fabric)
• By Product Type (Flat Airbag Fabric, OPW)
• By Region (North America, Europe, Asia-Pacific, Rest of the World)
Go through the detailed scope: https://www.stratviewresearch.com/toc/125/automotive-airbag-fabric-market.html
Or
Get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/125/automotive-airbag-fabric-market.html
Demand of airbags in automotive industry
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.
Compact car is expected to remain the largest airbag fabric market
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.
Top market players
Global Safety Textiles (Hyosung), Toyobo, Toray Industries, Autoliv AB, and ZF TRW are the well-known airbag fabric manufacturers for 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.
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Contact Information:
Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
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Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results