USD 2.8 Billion
Automotive Airbag Fabric Market Size, Share, Growth Analysis, By Airbag Type(Front Airbag, Side Airbag), By Vehicle Type(Passenger Cars, Light Commercial Vehicles), By Coating Type(Neoprene Coated, Silicone Coated), By Yarn Type(Polyamide and Polyester) - Industry Forecast 2024-2031
Report ID:
SQMIG25A2237 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|
Tables:
119 |
Figures:
72
Automotive Airbag Fabric Market Insights
Global Automotive Airbag Fabric Market size was valued at USD 2.8 Billion in 2022 and is poised to grow from USD 3.0 Billion in 2023 to USD 4.96 Billion by 2031, growing at a CAGR of 6.48% in the forecast period (2024-2031).
Stringent safety regulations imposed by governments and automotive safety organizations across the globe are driving the demand for airbag fabrics for automotive applications. Continuous advancement in fabric technology plays an important role in the automotive airbag fabric market. Manufacturers are investing in research and development to improve airbag fabric strength, durability and performance. Innovations in textile materials, weaving techniques, and coatings aim to provide tear resistance, archway resistance, airbag efficiency and reduce weight and cost. Airbags are essential to protect the drivers and occupants of any vehicle in an accident or sudden incident. Most cars use airbags as part of the basic safety system. During a sudden impact, the airbags expand to help prevent direct injury to passengers. Airbags are made of highly advanced materials and can withstand rapid air expansion without rupturing during manufacture. Airbags are made of several airtight materials; Nylon 6,6 is the preferred fabric for airbags. The airbags are also made of aramid fabric. However, the cost of aramid is significantly higher thus, it is reserved for niche applications. The fabric of the airbag must exhibit two important properties: high tensile strength and minimum air permeability. Additionally, it must be durable, have a small or low specific density, and be fatigue-resistant. The airbag fabric market is primarily driven by vehicle sales and is highly dependent on vehicle manufacturing.
Market snapshot - (2024-2031)
Global Market Size
Largest Segment
Silicone
Fastest Growth
Neoprene
Growth Rate
6.48% CAGR
Global Automotive Airbag Fabric Market ($ Bn)
Country Share for North America Region (%)
Global Automotive Airbag Fabric Market By Coating Type ($ Bn)
Global Automotive Airbag Fabric Market By Coating Type (%)
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Automotive Airbag Fabric Market Segmental Analysis
The automotive airbag fabric market segmentation, based on airbag type, includes front airbag, side airbag, knee airbag, curtain airbag, and other airbags. The automotive airbag fabric market segmentation, based on vehicle type, includes passenger cars, light commercial vehicles, heavy trucks, buses, and coaches. The automotive airbag fabric market segmentation, based on coating type, neoprene coated, silicone coated, and uncoated. The automotive airbag fabric market segmentation, based on yarn type, includes polyamide and polyester. Region wise, the automotive airbag fabric industry is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Analysis by Type
The front airbag segment is the dominating in the market. By 2022, it formed a significant share of the front airbag segment and is expected to hold the leading position during the forecast period. Every model of the car is equipped with a driver’s airbag as standard, adding to the segment’s growth. Moreover, rising safety concerns in the automotive industry have led to the installation of front passenger airbags, which will propel the market during the forecast period.
Side airbag is the fastest growing in the market. The side airbag segment had a significant market share in 2022. With the increasing focus on safety across the globe and tightening of safety regulations, many automakers are installing side airbags in their vehicles to meet this need thus providing segment growth in the global market.
Analysis by Service
The silicone coated segment dominated the global automotive airbag fabric market by 2022. It is better quality as compared to the uncoated fabric. Unlike neoprene, previously used for the same purpose, silicone elastomers are mainly used as coatings. Owing to excellent creep resistance, good tensile strength, high modulus, low shrinkage, dimensional stability, increased flexibility and low cost, uncoated fabrics are expected to grow rapidly in the coming years.
Neoprene is a synthetic rubber known for its durability, flexibility and resistance to oils, chemicals and extreme heat and it is the fastest growing segment. Within the automotive airbag fabric market, neoprene covered fabric plays an important role in ensuring the effectiveness and safety of airbag systems. Neoprene-covered fabric is often used in the manufacture of the airbag itself. The neoprene cover helps retain the air, allowing the airbag to inflate quickly and consistently upon activation. The airtightness of the container is essential to maintain the airbag’s airflow integrity, allowing for easy deployment and protecting occupants in the event of an impact.
Global Automotive Airbag Fabric Market By Coating Type (%), 2022 (%)
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Automotive Airbag Fabric Market Regional Insights
North America region dominated the global automotive airbag fabric market by 2022 (45.80%). In the coming years there may be a need for airbags and accessories due to the anticipated resurgence of automobile manufacturing. Moreover, the U.S. automotive airbag fabric market holds the largest market share, and Canadian automotive airbag fabric market is the fastest growing market in North America region.
Asia-Pacific automotive airbag fabric market is anticipated to witness a high growth rate from 2024 to 2031. The major factors influencing the growth of this segment are rapid expansion of lightweight vehicle manufacturing in China and India, growth concerns subject to passenger safety and security requirements established respectively regimes. But due to emerging assembly lines and rising airbags in cars, the rest of the world is predicted to expand the fastest. Apart from, China automotive airbag fabric market held the largest market share, and Indian automotive airbag fabric market is the fastest growing market in Asia-Pacific and is present.
Global Automotive Airbag Fabric Market By Geography, (2024-2031)
- Largest
- Fastest
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Automotive Airbag Fabric Market Dynamics
Drivers
Increasing Demand for Electric Vehicles
- The demand for electric vehicles is driving manufacturers to invest in electric vehicle technology. Many original equipment manufacturers (OEMs) have announced various investment strategies for developing and introducing new capacity. Ford, for example, announced a $1.5 billion (about $5 per person in the US) U.S. $11 billion (about $34 per person in the US) will be invested in electric vehicles by 2022. The company plans to roll out 40 EVs by 2022, of which 16 will be fully electric and 24 will be equipped with hybrids by 2019 with German car giant Volkswagen AG in it with a total investment of $66.3 billion (about $200 per person in the US) over the next five years to build more electric and hybrid vehicles, with plans to roll out 75 all-electric vehicles and 60 hybrids MG Motor intends to manufacture, build electric vehicles in India , with an investment of US$1.5 billion. $500 million plus in 2020 sales. The increasing demand for electric vehicles among consumers is expected to provide opportunities for the growth of the automotive airbag market and thus the sales of the airbag fabric market will increase throughout the forecast period.
Rapidly Increasing Vehicle Safety Awareness Among Consumers is Helping the Demand for Airbags
- Strict regulations by governing bodies such as the National Highway Transportation Safety Authority (NHTSA) and the European Commission, safety campaigns by many private organizations gather passenger safety awareness among consumers. These factors ultimately make consumers move on to advanced safety systems and in-vehicle features.
Restraints
High Cost of Fittings for Airbag Systems
- Expensive airbags can be a major hindrance to the growth of the market. Airbag systems add extra cost to the price of vehicles. The rising cost of car airbags is becoming unaffordable for budget-conscious buyers, especially in emerging markets where price is a key consideration when buying a car.
Rise in the Supply Chain Disruptions
- One of the most important restraints faced by the global automotive airbag fabric market is the risk of supply chain disruption. Factors such as raw material shortages, logistical challenges, geopolitical pressures and natural disasters can disrupt textile supply chains, affecting production schedules and potential delays results in airbag system development. This may adversely affect the market growth and profitability for manufacturers.
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Automotive Airbag Fabric Market Competitive Landscape
The competitive environment in the automotive airbag fabric market drives collaboration and innovation among manufacturers. Strategic dialogue between airbag and fabric suppliers, automotive manufacturers and technology suppliers contributes to sophisticated products. Major players in the Automotive Airbag Fabric market, including Global Safety Textiles, HMT, New Technical Materials Co., Ltd., Asahi Kasei Co., Ltd., Autoliv AB, Takata Corporation, Teijin Limited, Toray Industries, Toyobo Co., Ltd., Kolon Industries, and Toyota Boshoku Corporation, are attempting to increase market demand by investing in research and development operations.
Top Player’s Company Profiles
- Continental AG
- Delphi Automotive PLC
- Hyundai Mobis
- Autoliv Toyoda Gosei
- Denso Corporation
- Robert Bosch GmbH
- HMT (Xiamen) New Technical Materials
- Asahi Kasei
- Autoliv AB
- Kolon Industries
- Teijin Limited
- Toray Industries
- Toyobo Co.
- Toyota Boshoku Corporation
- Trw Automotive
Recent Developments
- April 2023− Autolive announces the manufacture of a new airbag cushion with a textile factory in Vietnam. The company has set up a plant in Amata City Ha Long Industrial Park in Vietnam to increase production of airbag systems to cater to the growing Asia Pacific regional market.
- May 2022− ARC Automotive Inc., a leading inflation planner, partners with Yanfeng, a leading global automotive manufacturer. Under the partnership, the two companies established a joint venture to develop, manufacture and commercialize inflatable automotive airbags.
- November 2021 – Autoliv, Inc., a provider of automotive safety systems, and SSAB, a global steel manufacturer, jointly launch the research and development of non-fossil-based steel products for automotive safety products such as airbags and seats belt.
Automotive Airbag Fabric Key Market Trends
- Rising Passenger Safety Concerns are Driving the Market Growth: The automotive industry is headed for a potentially disruptive decade mostly due to advances in autonomous driving, connected cars, alternative fuel vehicles, minivans and blockchain Industry happens passenger safety is emphasized because few states have strict federal regulations requiring airbags. With the demand for in-vehicle airbags increasing dramatically, manufacturers of airbags and upholstery increased their capacity. Furthermore, the automotive airbag apparel market is expanding exponentially as more vehicles are sold and more airbags are installed per vehicle. Stringent safety standards in place to protect drivers and passengers are expanding the industry. In addition, rising passenger safety concerns are estimated to fuel market demand over the forecast period.
Automotive Airbag Fabric Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Increased consumer adoption of automotive safety features will increase the market demand for occupant protection from motor vehicle accidents. Industry stakeholders are developing innovative airbag concepts that significantly reduce the chances of occupants being injured in multiple accidents. One of the most important restraints faced by the global automotive airbag fabric market is the risk of supply chain disruption. Factors such as raw material shortages, logistical challenges, geopolitical pressures and natural disasters can disrupt textile supply chains, affecting production schedules and potential delays results in airbag system development This may adversely affect the market growth and profitability for manufacturers. Globally, the automotive airbag fabric market continues to grow owing to increasing automotive safety regulations, increasing passenger safety awareness, and increasing production volume. Technological advances in textile materials, such as the use of advanced fabrics, coatings and weaving techniques drive market growth. These innovations aim to improve fabric strength, tear and airbag handling characteristics have improved while reducing weight and cost. The market is competitive, with major players competing based on product quality, innovation and cost.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.8 Billion |
| Market size value in 2031 | USD 4.96 Billion |
| Growth Rate | 6.48% |
| Base year | 2023 |
| Forecast period | (2024-2031) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Airbag Fabric Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Airbag Fabric Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Airbag Fabric Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Airbag Fabric Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Airbag Fabric Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Airbag Fabric Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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