Global Automotive Airbag Yarn Market Overview:
The Automotive airbag yarns are one type of passive safety systems that used in transportation such as cars, trains, buses, marine vehicles and air planes. The Automotive airbag yarns offer latest features and technology that can minimize the fatality rates during accidents. Major driving factors for the increase of automotive airbag yarns are high tensile strength, low air permeability and better coating adhesion. This factor is expected to boost the global market. The major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on decrease of the accidental fatalities. According to AMA, the Global Automotive Airbag Yarn market is expected to see growth rate of 7.1%
- Increase in Number of Road Accidents Boost the Use of Automotive Airbag Yarn.
- Government Stringent Regulations Associated with Passengerís Safety.
- Value Oriented Customers.
- Automotive airbag yarn growth with Increase of Premium Consumer
- High Cost Associated With Automotive Airbag Yarn.
- Difficult to Re position the Next Deployment of automotive airbag yarn.
- The SUVs, MPVs And LCV Offer a Robust Growth in Automotive Airbags Yarn.
- Rise in Demand of Automotive Airbag Yarn in Emerging Countries.
- In Some Situations the Automotive Airbag Yarn Injured Passengers.
Some of the key players profiled in the report are Toray Industries (Japan), Asahi Kasei Fibers & Textiles (Japan), Hyosung (South Korea), Invista (United States), Nexis Fibers (Slovakia), Toyobo (Japan), Ascend Performance Materials (United States), Autoliv Inc. (Sweden), Takata Corporation (Japan) and ZF TRW Automotive Holdings Corp. (United States). Additionally, following companies can also be profiled that are part of our coverage like Toyoda Gosei Co., Ltd (Japan) and Nihon Plast Co. (Japan). Analyst at AdvanceMarketAnalytics see United States Vendors to retain maximum share of Global Automotive Airbag Yarn market by 2024. Considering Market by Coating Type, the sub-segment i.e. Neoprene Coating will boost the Automotive Airbag Yarn market. Considering Market by Distribution Channels, the sub-segment i.e. OEMs will boost the Automotive Airbag Yarn market. Considering Market by Yarn, the sub-segment i.e. Nylon Yarn will boost the Automotive Airbag Yarn market.
In March 2019, Thai chemicals company Indorama Ventures (IVL) acquired a German airbag yarn manufacturer UTT Beteiligungsgesellschaft mbH. This acquisition is beneficial in providing integrated supplier of airbag yarns and textiles in the automotive sectors in Europe regions.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automotive Airbag Yarn market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Automotive Airbag Yarn market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Automotive Airbag Yarn Manufacturers, Automotive Airbag Yarn Traders, End-Use Market Participants of Different Segments of Automotive Airbag Yarn, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.