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 automotive industry over the trend period of 2012 to 2017 and the forecast period of 2018 to 2023. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The Automotive Airbag Yarns Market: 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 in order to make their vehicle safer for passengers as well as for meeting the stringent passenger safety standards of different countries. Increasing numbers of road accidents are compelling the governments of many countries to introduce more stringent passenger safety regulations in which making airbags compulsory in all types of vehicles are amongst the most common regulation.
Major players are strategically opting both organic as well as inorganic growth routes in order to capture the maximum growth potential. Some players have recently announced to expand their existing production capacities of airbag yarns to meet the shooting demand, whereas some players are opting M&A strategies to quickly gain the leading position in the market.
The automotive airbag yarn market is projected to reach an estimated value of US$ 1,274.3 million in 2023. Organic growth of automobile production, especially in Asia and Rest of the World; the introduction of more bags per vehicle; high focus on passenger safety; and the introduction of more stringent safety standards across the globe are the major drivers of the airbag yarns market in the automotive industry.
An airbag is the most important safety device in an automobile. There are different types of airbags installed in an automobile, such as driver airbags, passenger airbags, side airbags, curtain airbags, and knee airbags. The market for airbag has been growing at a higher pace than that of the automotive industry, due to increasing awareness towards passenger safety.
The global automotive airbag yarn market is segmented based on the vehicle type as Small Car, Mid-size Car, Large Car, MPV & LCV, SUV, and Others. Compact cars, SUVs, and MPVs & LCVs are expected to offer healthy growth opportunities for airbag yarns in the global automotive industry 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. The introduction of more stringent passenger safety standards further elevates the demand for airbag yarns in these vehicle types.
Based on the yarn type, the total automotive airbag yarns market is segmented into Polyamide Yarns and Polyester Yarns. Polyamide is likely to remain the most dominant material type in the automotive airbag yarn market during the forecast period. Polyamide 6.6 yarn is mainly used in airbags with the little usage of polyamide 6 yarn. Polyester yarns are more preferred for making the side and curtain airbags and are rapidly gaining the share in the market. Another advantage, which polyester yarns bring to the table that has significantly lower price than the polyamide yarns.
North America and Asia-Pacific are the two largest markets for airbag yarns. North America’s airbag fitment rate is generally higher than that of Asia-Pacific and Europe. However, Asia-Pacific is expected to remain the 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 Asian companies to set up a plant in Asia, mainly in China, to tap the market potential.
The supply chain of this market comprises raw material manufacturers, yarn manufacturers, fabric manufacturers, distributors, airbag manufacturers, auto OEMs, and dealers. Some of the airbag manufacturers are Autoliv Inc., Takata Corporation, ZF TRW Automotive Holdings Corp., Toyoda Gosei Co., Ltd, and Nihon Plast Co., whereas some of the major auto OEMs are General Motors Company, BMW, Toyota Motor Corporation, and Ford Motor Company.
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 the long-term contracts are the key strategies adopted by the major players to gain a competitive edge in the market.
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts have been executed to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into 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:
The automotive airbag yarn market is segmented into the following categories.
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:
Report Customization Options
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List of Figures
List of Tables
Key Information Gathered from Secondary Research
Key Information Gathered from Primary Research
Breakdown of Primary Interviews by Region, Designation, and Value Chain Node
Data Analysis and Triangulation
1. Executive Summary
2. Automotive Airbag Yarn Market – Overview and Market Forces
2.2. Market Classification
2.2.1. By Vehicle Type
2.2.2. By Airbag Type
2.2.3. By Yarn Type
2.2.4. By Region
2.3. Market Drivers
2.4. Market Constraints
2.5. Supply Chain Analysis
2.6. Industry Life Cycle Analysis
2.7. PEST Analysis: Impact Assessment of Changing Business Environment
2.8. Porter’s Five Forces Analysis
2.8.1. Bargaining Power of Suppliers
2.8.2. Bargaining Power of Customers
2.8.3. Threat of New Entrants
2.8.4. Threat of Substitutes
2.8.5. Competitive Rivalry
2.9. SWOT Analysis
3. Automotive Airbag Yarn Market – By Vehicle Type
3.1. Strategic Insights
3.2. Compact Car: Airbag Yarn Market Trend and Forecast (US$ Million and Tons)
3.3. Mid-size Car: Airbag Yarn Market Trend and Forecast (US$ Million and Tons)
3.4. Large Car: Airbag Yarn Market Trend and Forecast (US$ Million and Tons)
3.5. MPV and LCV: Airbag Yarn Market Trend and Forecast (US$ Million and Tons)
3.6. SUV: Airbag Yarn Market Trend and Forecast (US$ Million and Tons)
3.7. Other Vehicles: Airbag Yarn Market Trend and Forecast (US$ Million and Tons)
4. Automotive Airbag Yarn Market – By Yarn Type
4.1. Strategic Insights
4.2. Polyamide Airbag Yarn Market Trend and Forecast (US$ Million and Tons)
4.3. Polyester Airbag Yarn Market Trend and Forecast (US$ Million and Tons)
5. Automotive Airbag Yarn Market – By Airbag Type
5.1. Strategic Insights
5.2. Driver Airbag Yarn Market Trend and Forecast (US$ Million and Tons)
5.3. Passenger Airbag Yarn Market Trend and Forecast (US$ Million and Tons)
5.4. Side Airbag Yarn Market Trend and Forecast (US$ Million and Tons)
5.5. Knee Airbag Yarn Market Trend and Forecast (US$ Million and Tons)
5.6. Curtain Airbag Yarn Market Trend and Forecast (US$ Million and Tons)
6. Automotive Airbag Yarn Market – By Region
6.1. Strategic Insights
6.2. North America’s Automotive Airbag Yarn Market Trend and Forecast (US$ Million and Tons)
6.3. Europe’s Automotive Airbag Yarn Market Trend and Forecast (US$ Million and Tons)
6.4. Asia-Pacific’s Automotive Airbag Yarn Market Trend and Forecast (US$ Million and Tons)
6.5. Rest of the World’s Automotive Airbag Yarn Market Trend and Forecast (US$ Million and Tons)
7. Competitive Analysis
7.1. Strategic Insights
7.2. Product Portfolio Analysis
7.3. Presence by Vehicle Type
7.4. Geographical Presence
7.5. New Product Launches
7.6. Mergers and Acquisitions
7.7. Market Share Analysis
8. Strategic Growth Opportunities
8.1. Strategic Insights
8.2. Market Attractive Analysis
8.2.1. Market Attractiveness by Vehicle Type
8.2.2. Market Attractiveness by Airbag Type
8.2.3. Market Attractiveness by Yarn Type
8.2.4. Market Attractiveness by Region
8.3. Emerging Trends
8.4. Growth Matrix Analysis
8.5. Key Success Factors
9. Company Profile of Key Players
9.1. Asahi Kasei Fibers & Textiles
9.2. Ascend Performance Materials
9.3. Hyosung Corporation
9.4. Invista S.a.r.l.
9.5. Nexis Fibers a. s.
9.6. PHP Fibers
9.7. Toray Industries
9.8. Toyobo Co., Ltd.
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