PUBLISHER: Market Research Future | PRODUCT CODE: 1738231
PUBLISHER: Market Research Future | PRODUCT CODE: 1738231
Global Automotive Airbag Fabric Market Research Report Information By Yarn Type (Polyamide and Polyester), By Coating Type (Neoprene Coated, Silicone Coated, and Uncoated), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Trucks, Buses, and Coaches), By Airbag Type (Front Airbag, Side Airbag, Knee Airbag, Curtain Airbag, and Other Airbags), and By Region (North America, Europe, Asia-Pacific, and Rest Of The World) Market Forecast Till 2032
During the forecast period (2024-2032), the automotive airbag fabric market is expected to develop at a compound annual growth rate (CAGR) of 5.5%. The main factors propelling the market expansion are a rise in air bag installations, an increase in airbag concerns, and an increase in demand for electric vehicles.
The automobile industry has been experiencing the most potentially disruptive decade due to advancements in a number of areas, including blockchain, autonomous driving, connected cars, alternative fuel vehicles, lightweight vehicles, and more. Because certain nations have strict government regulations requiring airbags, particularly in the driver and passenger compartments, the industry has placed a high priority on passenger safety. These trends suggest that demand for airbag parts is increasing. Leading manufacturers of airbag fabric have increased their capacity in response to a sharp increase in demand for airbags in automobiles. Additionally, as more cars are sold and more airbags are fitted in each vehicle, the market for automotive airbag fabric is growing dramatically. The industry is growing as a result of stricter safety regulations put in place to protect drivers and passengers. Furthermore, it is predicted that rising passenger safety concerns will boost market demand over the projected time frame.
Perspectives on Market Segments
Polyester and polyamide are included in the segmentation of the automotive airbag fabric market based on yarn type.
The market is divided into three segments: uncoated, silicone-coated, and neoprene-coated.
Passenger cars, light commercial vehicles, heavy trucks, buses, and coaches are all included in the automotive airbag fabric market segmentation according to vehicle type.
The market is separated into front, side, knee, curtain, and other types of airbags based on their type.
Regional Perspectives
The analysis offers market insights for North America, Europe, Asia-Pacific, and the rest of the world by region. In 2022, the market for automotive airbag fabric was dominated by North America. Due to the expected rebound in auto manufacturing, airbags and the materials used to create them will likely be needed in the future years.
In 2022, the automotive airbag fabric market in Europe held a sizable market share. Side, curtain, and knee airbag installation rates, along with a rise in vehicle production, are to blame for this.
From 2023 to 2032, the Asia Pacific automotive airbag fabric market is anticipated to grow significantly. The rapid rise of light vehicle production in China and India, growing passenger safety concerns, and the implementation of safety regulations by the corresponding governments are the primary drivers of the region's development.
Global Safety Textiles, HMT, New Technical Materials Co., Ltd., Asahi Kasei Co., Ltd., Autoliv AB, Takata Corporation, Teijin Limited, Toray Industries, Toyobo Co., Ltd., Kolon Industries, and Toyota Boshoku Corporation are some of the leading companies in the automotive airbag fabric market.