Transportation

According to a market report by Lucintel, the future of the automotive airbag fabric market looks promising with opportunities in the front airbag, side airbag, knee airbag, and curtain airbag markets. The global automotive airbag fabric market is expected to reach an estimated $4.4 billion by 2028 with a CAGR of 6.2% from 2023 to 2028. The major drivers for this market are increasing automotive production, growing concern towards passenger safety, and rising penetration of airbags per vehicle along with implementation of stringent government regulations across the globe.



In this market, passenger cars, light commercial vehicles, heavy trucks, and buses are the major vehicle type segments. Lucintel forecasts that passenger cars will remain the largest vehicle type segment over the forecast period due to increasing automotive production and growing demand for comfortable and luxurious interior features in vehicles.



Within this market, curtain airbags is expected to remain the largest airbag type segment due to increasing penetration of curtain airbags in car as they help in providing protection to passenger’s head and neck in side collision crashes.



APAC will remain the largest region due to continuously growing demand for passenger vehicles and the introduction of stringent safety standards by governments in the region.

HMT (Xiamen) New Technical Materials, Asahi Kasei, Autoliv, Kolon Industries,    Teijin Limited, Toray Industries, Toyobo, and Toyota Boshoku Corporation are the major suppliers in the global automotive airbag fabric market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive airbag fabric market by vehicle type, airbag type, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Automotive Airbag Fabric Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global automotive airbag fabric market by vehicle type, airbag type, and region, as follows:

 

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the global automotive airbag fabric market by vehicle type (passenger cars, light commercial vehicles, heavy trucks, buses, and coaches), airbag type (front airbags, side airbags, knee airbags, curtain airbags, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?