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(Transportation-News.com, December 27, 2018 )
Stratview Research has published a new research report on Automotive Airbag Yarn Market. This extensive 178-page report by Stratview Research analyses the growth of Automotive Airbag Yarn Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023 under the following segments -
• By Vehicle Type (Compact Car, Mid-Size Car, Large Car, MPV & LCV, SUV, Others)
• By Airbag Type (Driver Airbag, Passenger Airbag, Side Airbag, Knee Airbag, Curtain Airbag)
• By Yarn Type (Polyamide Yarns, Polyester Yarns)
• By Region (North America, Europe, Asia-Pacific, Rest of the World)
Go through the detailed scope: https://www.stratviewresearch.com/toc/126/automotive-airbag-yarn-market.html
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Get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/126/automotive-airbag-yarn-market.html
Growth of airbag yarn market in the automotive industry
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.
An airbag is the most important safety device in an automobile. There are different types of airbags installed in an automobile, such as driver airbags, passenger airbags, side airbags, curtain airbags, and knee airbags. The market for airbag has been growing at a higher pace than that of the automotive industry, due to increasing awareness towards passenger safety.
Top market players
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.
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Stratview Research
Ritesh Gandecha
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sales@stratviewresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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