Summary
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
Market Overview
The Automotive Airbag Fabric Market is expected to develop at a CAGR of 5.5% between 2024 and 2032. An increase in airbag installations, an increase in airbag concerns, and an increase in demand for electric vehicles are the primary main drivers driving market expansion.
The automobile industry is seeing the most potentially disruptive decade due to advancements in a variety of sectors, including autonomous driving, connected cars, alternative fuel vehicles, lightweight vehicles, and blockchain technology. The industry has prioritized passenger safety since several countries have strict government regulations requiring airbags, particularly in the driver and passenger compartments. These patterns suggest a growth in demand for airbag components. Because of the enormous increase in demand for airbags in automobiles, prominent airbag fabric makers have increased their capacity. Furthermore, the automotive airbag fabric industry is growing rapidly as more vehicles are sold, and more airbags are fitted in each one. Stronger safety rules, which protect both drivers and passengers, are causing the sector to grow. Furthermore, growing concerns regarding passenger safety are expected to boost market demand during the forecast period.
Market Segment insights
Polyamide and polyester are the yarn types used to segment the Automotive Airbag Fabric Market.
The market segmentation is based on coating type: neoprene coated, silicone coated, or uncoated.
The Automotive Airbag Fabric Market is divided into vehicle types such as passenger cars, light commercial vehicles, heavy trucks, buses, and coaches.
The market is classified into five types of airbags: front, side, knee, curtain, and other.
Regional insights
The analysis covers market insights for North America, Europe, Asia-Pacific, and the rest of the world. In 2022, the North American Automotive Airbag Fabric Market dominated the market. Airbags and the materials required to create them will most likely be in demand in the coming years as auto manufacturing is expected to recover.
In 2022, Europe's automotive airbag fabric market held a sizable market share. This is due to increased vehicle manufacturing as well as higher rates of side, curtain, and knee airbag installation.
The Asia Pacific Automotive Airbag Fabric market is predicted to develop significantly between 2023 and 2032. The key reasons impacting the region's growth include the rapid expansion of light vehicle production in China and India, growing concern about passenger safety, and the establishment of safety criteria by the respective governments.
Major Players
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 among the key competitors in the Automotive Airbag Fabric market.
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Table of Contents
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY ............................................................................................................... 22
2 MARKET INTRODUCTION ............................................................................................................ 24
2.1 DEFINITION .................................................................................................................................................................. 24
2.2 SCOPE OF THE STUDY .............................................................................................................................................. 24
2.3 RESEARCH OBJECTIVE ............................................................................................................................................ 24
2.4 MARKET STRUCTURE .............................................................................................................................................. 25
2.5 KEY BUYING CRITERIA ............................................................................................................................................ 26
3 RESEARCH METHODOLOGY ...................................................................................................... 27
3.1 OVERVIEW .................................................................................................................................................................... 27
3.2 DATA FLOW .................................................................................................................................................................. 29
3.2.1 DATA MINING PROCESS ................................................................................................................................. 30
3.3 PURCHASED DATABASE: ......................................................................................................................................... 31
3.4 SECONDARY SOURCES: ............................................................................................................................................ 32
3.4.1 SECONDARY RESEARCH DATA FLOW: ............................................................................................................. 33
3.5 PRIMARY RESEARCH: ............................................................................................................................................... 34
3.5.1 PRIMARY RESEARCH DATA FLOW: ................................................................................................................. 35
3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED ......................................................................... 36
3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE .................................................................................................. 36
3.6 APPROACHES FOR MARKET SIZE ESTIMATION: ........................................................................................... 37
3.6.1 CONSUMPTION & NET TRADE APPROACH ....................................................................................................... 37
3.6.2 REVENUE ANALYSIS APPROACH ..................................................................................................................... 37
3.7 DATA FORECASTING................................................................................................................................................. 38
3.7.1 DATA FORECASTING TECHNIQUE .................................................................................................................... 38
3.8 DATA MODELING ........................................................................................................................................................ 39
3.8.1 MICROECONOMIC FACTOR ANALYSIS: ............................................................................................................ 39
3.8.2 DATA MODELING: ........................................................................................................................................... 40
3.9 TEAMS AND ANALYST CONTRIBUTION ........................................................................................................... 42
4 MARKET DYNAMICS .................................................................................................................... 44
4.1 INTRODUCTION ........................................................................................................................................................... 44
4.2 DRIVERS ......................................................................................................................................................................... 45
4.2.1 INCREASING VEHICLE PRODUCTION BOOSTS DEMAND FOR AIRBAG FABRICS .................................................. 45
4.2.2 STRINGENT SAFETY REGULATIONS FUEL AIRBAG FABRIC MARKET GROWTH ................................................... 47
4.3 RESTRAINTS ................................................................................................................................................................ 48
4.3.1 HIGH RAW MATERIAL COSTS IMPACT OVERALL PRODUCTION EXPENSES ........................................................ 48
4.3.2 STRINGENT REGULATIONS LIMIT MATERIAL OPTIONS AND MANUFACTURING PROCESSES .............................. 49
4.4 OPPORTUNITY ............................................................................................................................................................. 51
4.4.1 TECHNOLOGICAL ADVANCEMENTS IN AIRBAG FABRIC MANUFACTURING TECHNIQUES ................................... 51
4.4.2 GROWTH IN ELECTRIC VEHICLE PRODUCTION REQUIRING ADVANCED AIRBAG SOLUTIONS .............................. 52
4.5 IMPACT ANALYSIS OF COVID-19 .......................................................................................................................... 53
4.5.1 IMPACT ON AUTOMOTIVE INDUSTRY .............................................................................................................. 53
4.5.2 IMPACT ON AUTOMOTIVE AIRBAG FABRIC MARKET ........................................................................................ 54
4.5.3 IMPACT ON SUPPLY CHAIN ............................................................................................................................ 55
4.5.3.1 PRICE VARIATION OF KEY RAW MATERIAL .............................................................................................. 55
4.5.3.2 PRODUCTION SHUTDOWN ...................................................................................................................... 55
4.5.3.3 CASH FLOW CONSTRAINTS .................................................................................................................... 55
4.5.3.4 IMPACT ON MARKET DEMAND ............................................................................................................... 55
4.5.4 IMPACT ON MARKET DEMAND OF AUTOMOTIVE AIRBAG FABRIC ..................................................................... 56
4.5.4.1 IMPACT DUE TO RESTRICTIONS/LOCKDOWN .......................................................................................... 56
4.5.4.2 CONSUMER SENTIMENTS ....................................................................................................................... 56
4.5.5 IMPACT ON PRICING OF AUTOMOTIVE AIRBAG FABRIC ................................................................................... 56
5 MARKET FACTOR ANALYSIS ...................................................................................................... 57
5.1 VALUE CHAIN ANALYSIS ....................................................................................................................................... 57
5.1.1 RAW MATERIAL PROCUREMENT AND SUPPLY ................................................................................................. 57
5.1.2 FABRIC MANUFACTURING AND PROCESSING .................................................................................................. 58
5.1.3 DESIGN AND DEVELOPMENT .......................................................................................................................... 59
5.1.4 DISTRIBUTION AND AFTERMARKET SERVICES ................................................................................................. 59
5.2 PORTER’S FIVE FORCES MODEL ........................................................................................................................... 60
5.2.1 THREAT OF NEW ENTRANTS ........................................................................................................................... 60
5.2.2 BARGAINING POWER OF SUPPLIERS ............................................................................................................... 61
5.2.3 THREAT OF SUBSTITUTES .............................................................................................................................. 61
5.2.4 BARGAINING POWER OF BUYERS .................................................................................................................... 61
5.2.5 INTENSITY OF RIVALRY .................................................................................................................................. 62
6 GLOBAL AUTOMOTIVE AIRBAG FABRIC MARKET, BY YARN TYPE ........................................ 64
6.1 INTRODUCTION ........................................................................................................................................................... 64
6.2 POLYAMIDE .................................................................................................................................................................. 65
6.3 POLYESTER .................................................................................................................................................................. 66
7 GLOBAL AUTOMOTIVE AIRBAG FABRIC MARKET, BY COATING TYPE .................................. 67
7.1 INTRODUCTION ........................................................................................................................................................... 67
7.2 NEOPRENE COATED .................................................................................................................................................. 68
7.3 SILICONE COATED ...................................................................................................................................................... 69
7.4 UNCOATED.................................................................................................................................................................... 70
8 GLOBAL AUTOMOTIVE AIRBAG FABRIC MARKET, BY AIRBAG TYPE ..................................... 71
8.1 INTRODUCTION ........................................................................................................................................................... 71
8.2 FRONT AIRBAG ........................................................................................................................................................... 72
8.3 SIDE AIRBAG ................................................................................................................................................................ 73
8.4 KNEE AIRBAG .............................................................................................................................................................. 73
8.5 OTHER AIRBAG ........................................................................................................................................................... 73
9 GLOBAL AUTOMOTIVE AIRBAG FABRIC MARKET, BY VEHICLE TYPE ................................... 75
9.1 INTRODUCTION ........................................................................................................................................................... 75
9.2 PASSENGER CAR ........................................................................................................................................................ 76
9.3 LIGHT COMMERCIAL VEHICLE ............................................................................................................................. 77
9.4 HEAVY COMMERCIAL VEHICLE ........................................................................................................................... 77
10 GLOBAL AUTOMOTIVE AIRBAG FABRIC MARKET, BY REGION............................................... 79
10.1 OVERVIEW .................................................................................................................................................................... 79
10.2 NORTH AMERICA ....................................................................................................................................................... 81
10.2.1 US.................................................................................................................................................................. 86
10.2.2 CANADA ........................................................................................................................................................ 88
10.2.3 MEXICO ......................................................................................................................................................... 91
10.3 EUROPE .......................................................................................................................................................................... 94
10.3.1 GERMANY ...................................................................................................................................................... 99
10.3.2 FRANCE ......................................................................................................................................................... 101
10.3.3 UK ................................................................................................................................................................. 104
10.3.4 ITALY ............................................................................................................................................................. 106
10.3.5 REST OF EUROPE ............................................................................................................................................ 109
10.4 ASIA PACIFIC ............................................................................................................................................................... 112
10.4.1 CHINA ............................................................................................................................................................ 117
10.4.2 INDIA ............................................................................................................................................................. 119
10.4.3 JAPAN ........................................................................................................................................................... 122
10.4.4 REST OF ASIA PACIFIC.................................................................................................................................... 124
10.5 MIDDLE EAST & AFRICA .......................................................................................................................................... 128
10.6 SOUTH AMERICA ....................................................................................................................................................... 132
10.6.1 BRAZIL ........................................................................................................................................................... 138
10.6.2 ARGENTINA ................................................................................................................................................... 140
10.6.3 REST OF SOUTH AMERICA .............................................................................................................................. 143
11 COMPETITIVE LANDSCAPE ........................................................................................................ 146
11.1 COMPETITIVE OVERVIEW ...................................................................................................................................... 146
11.2 MAJOR PLAYERS IN THE GLOBAL AUTOMOTIVE AIRBAG FABRIC MARKET .................................... 146
11.3 MAJOR PLAYERS IN TERMS OF MARKET DISRUPTORS & INNOVATORS ............................................ 147
11.4 COMPETITIVE BENCHMARKING .......................................................................................................................... 148
11.5 STRATEGIES OF MARKET LEADERS IN THE GLOBAL AUTOMOTIVE AIRBAG FABRIC MARKET 148
11.5.1 AUTOLIV, INC. ................................................................................................................................................ 148
11.5.2 JOYSON SAFETY SYSTEMS ............................................................................................................................. 149
11.5.3 TORAY INDUSTRIES, INC. ................................................................................................................................ 149
11.5.4 ASAHI KASEI CORPORATION ........................................................................................................................... 149
11.5.5 TOYOTA BOSHOKU CORPORATION.................................................................................................................. 149
11.6 LEADING PLAYERS IN TERMS OF THE NUMBER OF DEVELOPMENTS IN GLOBAL AUTOMOTIVE AIRBAG FABRIC MARKET ................................................................................................................................................... 150
11.7 KEY DEVELOPMENTS & GROWTH STRATEGIES ............................................................................................ 150
11.7.1 PRODUCT LAUNCH/PRODUCT DEVELOPMENT ................................................................................................. 150
11.7.2 EXPANSION/ACQUISITION/PARTNERSHIP ....................................................................................................... 151
12 COMPANY PROFILES .................................................................................................................. 153
12.1 GLOBAL SAFETY TEXTILES.................................................... 153
12.1.1 Company Overview................................................... 153
12.1.2 FINANCIAL OVERVIEW................................................ 153
12.1.3 Products/Services Offered...................................... 153
12.1.4 KEY DEVELOPMENTS .............................................................. 153
12.1.5 SWOT Analysis.......................................................... 154
12.1.6 Key Strategies ............. 154
12.2 HMT (XIAMEN) NEW TECHNICAL MATERIALS CO., LTD ........................................................................... 155
12.2.1 COMPANY OVERVIEW.......................................................... 155
12.2.2 Financial Overview.................................................... 155
12.2.3 PRODUCTS OFFERED............................................................... 156
12.2.4 KEY DEVELOPMENTS.................................................... 156
12.2.5 SWOT ANALYSIS............................................................. 156
12.2.6 KEY STRATEGIES.......................................................... 156
12.3 ASAHI KASEI CORPORATION.................................................. 158
12.3.1 COMPANY OVERVIEW...................................................... 158
12.3.2 Financial Overview................................................................. 159
12.3.3 PRODUCTS OFFERED....................................................... 159
12.3.4 KEY DEVELOPMENTS...................................................... 160
12.3.5 SWOT ANALYSIS................................................................ 161
12.3.6 KEY STRATEGIES ......... 161
12.4 AUTOLIV, INC. .......................... 162
12.4.1 COMPANY OVERVIEW.......................................................... 162
12.4.2 Financial Overview......................................................... 163
12.4.3 PRODUCTS OFFERED...................................................... 163
12.4.4 KEY DEVELOPMENTS.................................................. 164
12.4.5 SWOT ANALYSIS ........... 165
12.4.6 KEY STRATEGIES ........... 165
12.5 KOLON INDUSTRIES ................ 166
12.5.1 COMPANY OVERVIEW........................................... 166
12.5.2 FINANCIAL OVERVIEW................................................................... 166
12.5.3 PRODUCTS OFFERED............................................................ 166
12.5.4 KEY DEVELOPMENTS.............................................................. 166
12.5.5 SWOT ANALYSIS ......... 167
12.5.6 KEY STRATEGIES ........... 167
12.6 TEIJIN LIMITED ....................... 168
12.6.1 Company Overview ......... 168
12.6.2 Financial Overview............................................................ 168
12.6.3 Products/Services Offered............................................... 168
12.6.4 KEY DEVELOPMENTS......................................................... 169
12.6.5 SWOT Analysis....................................................................... 170
12.6.6 Key Strategies ............... 170
12.7 TORAY INDUSTRIES, INC......................................................... 171
12.7.1 COMPANY OVERVIEW...................................................... 171
12.7.2 Financial Overview.............................................................. 172
12.7.3 PRODUCTS OFFERED........................................................... 172
12.7.4 KEY DEVELOPMENTS.................................................. 173
12.7.5 SWOT ANALYSIS................................................................. 173
12.7.6 KEY STRATEGIES...................................................... 174
12.8 TOYOBO CO., LTD....................... 175
12.8.1 COMPANY OVERVIEW......................................................... 175
12.8.2 FINANCIAL OVERVIEW........................................................... 175
12.8.3 PRODUCTS OFFERED............................................................... 175
12.8.4 KEY DEVELOPMENTS............................................................ 175
12.8.5 SWOT ANALYSIS.................................................................. 176
12.8.6 KEY STRATEGIES .............. 176
12.9 TOYOTA BOSHOKU CORPORATION........................... 177
12.9.1 COMPANY OVERVIEW..................................................... 177
12.9.2 FINANCIAL OVERVIEW................................................... 177
12.9.3 PRODUCTS OFFERED.............................................................. 177
12.9.4 KEY DEVELOPMENTS....................................................... 177
12.9.5 SWOT ANALYSIS............................................................. 178
12.9.6 KEY STRATEGIES................................................................. 178
12.10 INDORAMA VENTURES PCL................................................. 179
12.10.1 COMPANY OVERVIEW........................................................ 179
12.10.2 FINANCIAL OVERVIEW ...................................................................... 179
12.10.3 PRODUCTS OFFERED................................................ 179
12.10.4 Key Developments ........................................................................ 179
12.10.5 SWOT ANALYSIS ......... 180
12.10.6 KEY STRATEGIES .......... 180
12.11 TOYODA GOSEI CO., LTD ........ 181
12.11.1 COMPANY OVERVIEW............................................... 181
12.11.2 FINANCIAL OVERVIEW........................................................ 181
12.11.3 PRODUCTS OFFERED.............................................................. 181
12.11.4 KEY DEVELOPMENTS............................................. 181
12.11.5 SWOT ANALYSIS...................................................... 182
12.11.6 KEY STRATEGIES.................................................... 182
12.12 JOYSON SAFETY SYSTEMS........................................ 183
12.12.1 COMPANY OVERVIEW.............................................. 183
12.12.2 FINANCIAL OVERVIEW............................................................... 183
12.12.3 PRODUCTS OFFERED.............................................................. 183
12.12.4 KEY DEVELOPMENTS...................................................................... 183
12.12.5 SWOT ANALYSIS......................................................... 184
12.12.6 KEY STRATEGIES .......... 184
12.13 MILLIKEN .................................... 185
12.13.1 COMPANY OVERVIEW................................................................ 185
12.13.2 FINANCIAL OVERVIEW....................................................... 185
12.13.3 PRODUCTS OFFERED..................................................... 185
12.13.4 KEY DEVELOPMENTS.......................................................... 185
12.13.5 SWOT ANALYSIS......................................................... 186
12.13.6 KEY STRATEGIES................................................. 186
12.14 ACME MILLS ............................. 187
12.14.1 COMPANY OVERVIEW......................................................... 187
12.14.2 FINANCIAL OVERVIEW.......................................................... 187
12.14.3 PRODUCTS OFFERED............................................................ 187
12.14.4 KEY DEVELOPMENTS............................................................... 187
12.14.5 SWOT ANALYSIS...................................................................... 188
12.14.6 KEY STRATEGIES............................................................. 188