DUBLIN--(BUSINESS WIRE)--The "Global Automotive Airbag Yarn Market by Vehicle Type, by Airbag Type, by Yarn Type, by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016 - 2021" report has been added to Research and Markets' offering.
The automotive airbag yarn market offers a healthy growth opportunity and is likely to grow at a 7.1% CAGR during the forecast period of 2016 to 2021
Currently, airbag fabrics based upon polyamide yarns dominate the global automotive airbag market. Compact cars, MPVs, and LCVs are expected to offer a robust growth opportunity for airbag yarns in the global automotive industry. Expected growth in automotive production, introduction of more bags per car, growth in Asia Pacific, and increasing safety standards across the globe are the major drivers of airbag yarns market.
Asia Pacific is the largest market for airbag yarns. North America's fitment rate is generally higher than that of Asia Pacific and Europe. Asia Pacific is expected to be 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 nations including India and China. 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.
The supply chain of this market comprises raw materials manufacturers, yarn manufacturers, distributors, part fabricators, and OEMs. Some of airbag manufacturers are Autoliv, Takata, TRW, Delphi, and Jinheng and OEMs are General Motors, BMW, Toyota, and Ford.
The key airbag yarn suppliers for automotive industry are Invista, PHP, Toyobo, Toray, Hyosung, and Asahi Kasei Fibers. New product development, new optimized manufacturing process development, collaboration with customers, and long term contacts are the key strategies adopted by the key players to gain competitive edge in the market.
Key Topics Covered:
1. Executive Summary
2. Industry Overview
3. Market Environment Analysis
4. Global Automotive Airbag Yarn Market - By Vehicle Type
5. Global Automotive Airbag Yarn Market - By Yarn Type
6. Global Automotive Airbag Yarn Market - By Airbag Type
7. Global Automotive Airbag Yarn Market - By Region Type
8. Competitive Analysis
9. Strategic Growth Opportunities
10. Company Profile of Key Players
- Asahi Kasei Fibers & Textiles
- Ascend Performance Materials
- Nexis Fibers
- PHP Fibers
- Toray Industries
For more information about this report visit https://www.researchandmarkets.com/research/38fxdm/global_automotive