Airbag Textiles Market

Airbag Textiles Market: Overview

The airbag textile market is expected to show significant growth owing to the extrapolating demand for airbags across the globe. The airbags are formulated to inflate during a collision and deflate after the collision. It is a flexible fabric bag that is designed to protect the passengers in a car in case of any mishap or accident. Furthermore, airbags are curated by making use of airbag textiles. The end-users of airbag textiles are the automotive and aerospace industries. The demand for vehicles is expanding owing to the requirement for commutation. This has led to an increase in the production of automobiles. The rising disposable income of the urban crowd has led to increased spending on automobile purchases. The stringent norms regarding safety imposed by the regulatory authorities of several countries have led to the installation of airbags in an automobile which may eventually boost the growth of the airbag textiles market.

 The airbag textile market can be segmented into polyamide, nylon, and polyester. Extensive use of Polyamide for manufacturing airbags is likely to bring lucrative opportunities for the airbag textiles market during the forecast period. Furthermore, polyester and nylon segments are anticipated to grow at a rapid pace due to the cost-effectiveness of polyester and nylon.

By application, the airbag textiles market can be bifurcated into front, side, curtain, and knee. The front airbag textiles segment is expected to be at the forefront, due to expanding the use of airbags on the front side of a vehicle.

Airbag Textiles Market: Competitive Landscape

The key players operating in the airbag textiles market are indulging in rigorous research and development activities to innovate new technologies to increase production according to the demand. The production of airbags can be increased owing to the rise in the automobile industry which may ultimately fuel the growth of the airbag textiles market.

The major players are establishing their market position by launching new and cost-effective product ranges. The cut-throat competition to maintain the market position may lead to the development of new and innovative airbags with multi-features. The marketing techniques adopted by the key players have created awareness among the people about the use of airbags which may eventually contribute to the growth of the airbag textiles market. The promotional activities and advertisements play a vital role in the growth of the airbag textiles market. Strategic planning and collaborations may lead to promising growth of the airbag textiles market.

Some of the key players operating in the airbag textiles market are Toyobo, Toray, Hyosung, UTT, HMT, Milliken Textiles, Safety Components, and others.

Airbag Textiles Market: Key Trends and Opportunities

The rising incidences of road accidents have led to expanding safety concerns. In addition, these accidents cause a major effect on the lives of the victims. These aspects are likely to drive the airbag textiles market during the forecast period. Governments of several countries are imposing strict regulatory norms regarding safety to reduce fatalities and limit injuries caused by accidents by making the installation of airbags in vehicles mandatory. These aspects are anticipated to propel the demand for airbag textiles. Additionally, the increasing awareness about road safety is projected to augment the global airbag textiles market during the forecast period.

Airbag Textiles Market: Regional Perspective

The global airbag textiles market can be segmented into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. North America may remain at the forefront due to the rising number of automotive and aerospace industries in the region. North America is expected to be followed by Europe owing to the stringent rules regarding the safety of individuals across the globe.