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(Transportation-News.com, March 06, 2019 )
As per the latest market intelligence report published by Stratview Research, the Automotive Airbag Yarn Market is anticipated to reach at US$ 1,274.3 million by 2023.
The research studies Automotive Airbag Yarn Market in the trend period of 2012 to 2017 and forecasted period of 2018 to 2023 under four segments by Vehicle Type (Compact Car, Midsize Car, Large Car, MPV and LCV, SUV, and Others), by Airbag Type (Driver Airbag, Passenger Airbag, Side Airbag, Knee Airbag, and Curtain Airbag), by Yarn Type (Polyamide and Polyester), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023
The study finds –
Asia-Pacific is expected to remain the dominant market for airbag yarns during the forecast period. Asia-Pacific is set to experience the highest growth in the coming years with most of the growth coming from developing economies including India and China.
Polyamide is likely to remain the most dominant material type in the automotive airbag yarn market during the forecast period.
Compact cars, SUVs, and MPVs & LCVs are expected to offer healthy growth opportunities for airbag yarns in the global automotive industry in the coming years.
Click here to read the detailed description: https://www.stratviewresearch.com/126/automotive-airbag-yarn-market.html
Go through the TOC: https://www.stratviewresearch.com/toc/126/automotive-airbag-yarn-market.html
Automotive Airbag Yarns Market: Highlights
The growth prospects of the automotive airbag yarns market seem promising with favorable opportunities in all four regions. All the major automakers are increasingly introducing more airbags per vehicle in order to make their vehicle safer for passengers as well as for meeting the stringent passenger safety standards of different countries. Increasing numbers of road accidents are compelling the governments of many countries to introduce more stringent passenger safety regulations in which making airbags compulsory in all types of vehicles are amongst the most common regulation.
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.
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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