Global Automotive Airbag Yarn Market Anticipated to Reach $1.1 Billion by 2021 With 7.1% CAGR During 2016 to 2021, Polyamide (PA) Yarns Will Continue to Dominate the Market, Says a New Report From Stratview Research
Oct 20, 2016, 07:30 ET
DETROIT, October 20, 2016 /PRNewswire/ --
Stratview Research announces the launch of a new research report on Global 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 Coating Type (Neoprene, Silicone, and Non-coated), by Region (NA, Europe, APAC, ROW), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016 - 2021.
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This report, from Stratview Research, studies the global airbag yarn market in the automotive industry over the period 2010 to 2021. 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.
The Global Airbag Yarn Market in the Automotive Industry: Highlights
As per Stratview Research, the global automotive airbag yarn market is likely to experience a healthy growth of 7.1% CAGR during the forecast period of 2016 to 2021 and is expected to reach $1.1 billion in 2021, offering an opportunity to the automotive industry players to align themselves with the market growth.
There are a number of factors bolstering the growth of automotive airbag yarn market. The author of the report cited expected growth in automotive production, introduction of more bags per car, growth in Asia Pacific, and increasing safety standards across the globe as the major drivers of airbag yarns market.
According to the study, airbag yarns based upon polyamide (PA) dominated the global automotive airbag market in 2015, however, polyester based yarn is also gaining traction in North America and Europe market. In terms of vehicle type, compact cars, MPVs, and LCVs are expected to offer a robust growth opportunity for airbag yarns in the global automotive industry.
Asia Pacific is the largest market for airbag yarns in the automotive industry and is expected to remain the dominant market during the forecast period. The region is set to experience the highest growth in the coming years with most of the growth coming from developing nations including China and India. Most of the major airbag yarn producers are forming strategic alliances with Asian companies to set up plant in Asia, mainly in China to tap the market potential.
Report findings suggest that the global automotive airbag yarn market is highly consolidated with the top five players holding more than 90% share in the market. Some of the key airbag yarn suppliers to the automotive industry are Invista, PHP Fibers, Toyobo, Toray, Hyosung, and Asahi Kasei Fibers.
New product development, new optimized manufacturing process development, collaboration with customers, and long term contracts are the key strategies adopted by major players to gain competitive edge in the market.
Report Features
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:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter's five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
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:
- Compact Car
- Mid-Size Car
- Large Car
- MPV & LCV
- SUV
- Others
Automotive Airbag Yarn by Airbag Type:
- Driver Airbag
- Passenger Airbag
- Side Airbag
- Knee Airbag
- Curtain Airbag
Automotive Airbag Yarn Market by Coating Type:
- Neoprene
- Silicone
- Non-coated
Automotive Airbag Yarn Market by Region:
- North America
- By vehicle type (Compact Car, Mid-size Car, Large Car, MPV & LCV, SUV, and Others)
- By Country (US, Canada, and Mexico)
- Europe
- By vehicle type (Compact Car, Mid-size Car, Large Car, MPV & LCV, SUV, and Others)
- By Country (Germany, Spain, France, Italy, UK, Russia, and Others)
- Asia Pacific
- By vehicle type (Compact Car, Mid-size Car, Large Car, MPV & LCV, SUV, and Others)
- By Country (China, Japan, India, South Korea, and Others)
- Rest of the World
- By vehicle type (Compact Car, Mid-size Car, Large Car, MPV & LCV, SUV, and Others)
- By Country (Brazil, Argentina, and Others)
Stratview Research has a number of high value market reports in the global automotive industry. Please refer to the following link to browse through our reports:
Click Here for Other Reports from Stratview Research in the Automotive Industry
Some of our other premium reports in the automotive industry:
- Global Automotive Airbag Inflators Market is likely to grow at 3.8%% CAGR during the forecast period of 2016 to 2021 and reach $4.8 billion in 2021.
- Expected growth in global automotive production, introduction of more bags per car, growth in Asia-Pacific, increasing penetration of side-impact and curtain airbags, rising regulatory requirements regarding vehicle safety and increasing awareness about vehicle safety across the globe are the major drivers of automotive airbag inflators market.
- Global Automotive Headlamp Reflector Market offers robust growth opportunity and is likely to witness 4.8% CAGR during the forecast period of 2016 to 2021.
- Organic growth of the global automotive vehicles production and increasing demand of LED lighting system are the major growth drivers of the global automotive headlamp reflector market.
- Bulk Molding Compounds (BMC) based headlamp is expected to experience the fastest growth during the forecast period of 2016 to 2021 as they offer many benefits over competing materials, such as ability to manufacture complex and sharp curves, high gloss surface finish, excellent strength to weight ratio, lightweight, and excellent temperature resistance.
About Stratview Research
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