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(I-AutoNewsWire.com, December 19, 2018 )
Stratview Research announces the launch of a new research report on Automotive Airbag Yarn Market. This 178-page extensive report from Stratview Research, studies Automotive Airbag Yarn Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
This Automotive Airbag Yarn Market analysis has been segmented in four ways, keeping in mind the interest of all the stakeholders across the value chain.
• By Vehicle Type (Compact Car, Mid-Size Car, Large Car, MPV & LCV, SUV, Others)- Compact cars, SUVs, and MPVs & LCVs are expected to offer healthy growth opportunities for airbag yarns.
• By Airbag Type (Driver Airbag, Passenger Airbag, Side Airbag, Knee Airbag, Curtain Airbag)
• By Yarn Type (Polyamide Yarns, Polyester Yarns)- Polyamide is likely to remain the most dominant yarn type.
• By Region (North America, Europe, Asia-Pacific, Rest of the World)- Asia-Pacific is expected to remain the dominant market for airbag yarns.
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Automotive Airbag Yarn Market Insights
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.
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.
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Stratview Research
Ritesh Gandecha
+1-313-307-4176
sales@stratviewresearch.com
Source: EmailWire.Com
Source: EmailWire.com
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