Airbag Textile Market Scope
The increasing number of installations of airbags, surging demand for low-cost fabrics are driving the demand for airbag textiles in the automotive industry. This will help to boost global airbag textile market in the forecasted market period. The airbag is a flexible fabric bag which is designed to safeguard the driver as well as other passengers in a car in case of crash or accident. Airbag textiles are made of different type of yarn. The growing demand for airbag textiles is directly proportional to the increasing demand for vehicles. Growing production of automobiles fueled by escalating disposable income.
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Airbag Textile market throughout the predicted period.
Toray Group (Japan), Global Safety Textiles (Germany), Indorama Ventures Public Company Limited (Thailand), Toyobo Co., Ltd. (Japan), Kolon Industries (South Korea), HMT (Xiamen) New Technical Materials Co. Ltd. (China), Elevate Textiles Inc. (United States), Milliken & Company (United States), Safety Components (United States) and Takata (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Porcher (France) and UTT (Germany).
Segmentation Overview
The study have segmented the market of Global Airbag Textile market by Type (Flat Airbag Fabric and OPW Airbag Fabric), by Application (Front, Side, Curtain and Knee) and Region with country level break-up.
On the basis of geography, the market of Airbag Textile has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Influencing Trend:
Government Initiation Stringent Standards and Regulations about Safety and Increasing Number of Road Accidents and Rising Safety Concerns
Market Growth Drivers:
Increasing Public Awareness about Airbag Textile and Rising Concerns about Safety
Restraints:
High Installation Cost Associated with Airbag Textile
Opportunities:
Growing Demand of Airbag Textile in Emerging Countries
Key Target Audience
Manufactures of Airbag Textile, Suppliers and Distributors, Government Regulatory Bodies, Government and Private Research Organizations and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.