The Automotive Airbag Fabric Market size was valued at USD 32.16 billion in 2023 and is expected to reach USD 55.98 billion by 2031 and grow at a CAGR of 7.12% over the forecast period 2024-2031.
In the case of an accident or a collision with another vehicle, airbags are deployed to protect passengers on board. The fabric used in airbags is flexible, with high tensile strength and heat resistance, as well as low air permeability and increased energy absorption. Airbags are vital in protecting drivers and passengers in any vehicle after an accident or a sudden impact. Most autos' principal safety features include airbags as standard equipment. Airbags expand in the event of a sudden accident, reducing the risk of direct injury to the occupants. Airbags are made of advanced materials that can sustain rapid gas expansion without exploding during the procedure. Airbags are made from a variety of gas-tight materials.
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Aramid cloth is also utilized in airbags; however, because aramid is so expensive, it is primarily employed in specialist applications. High tensile strength and low gas permeability are two significant features of the fabric used in airbags. It also needs to be elastic, lightweight, or have a low specific density, and fatigue-resistant. Automotive Airbag Fabric Market Share and Automotive Airbag Fabric Market Growth are mostly driven by automobile sales, which is why the airbag fabric market is so reliant on vehicle manufacturing.
Autoliv completed the first unique crash test with a concept airbag for e-scooters in January 2020. The e-scooter airbag lowers head and chest injuries in e-scooter riders. In addition, the business has created a novel front-center airbag designed to save lives in side-impact collisions.
KEY DRIVERS:
Due to a rise in passenger safety concerns, the market is rising
An increase in the number of installed airbags
Growth in the number of people who want to buy electric cars
Stricter safety requirements to protect the safety of passengers and drivers are fueling the market's growth
RESTRAINTS:
Market expansion is impeded by cost difficulties in price-sensitive regions
OEMs only provide one or two airbags, as more airbags increase the vehicle's overall cost
OPPORTUNITIES:
Market investments are made possible by rising living standards and per capita income
The improvement in living standards
Increases in per capita income provide opportunities for market investments
The growing popularity of electric vehicles is likely to boost the market for automotive airbags
CHALLENGES:
Manufacturers' incapacity to produce raw materials in-house and their reliance on external suppliers
Supply chain issues have hampered the automobile airbag fabric market
The COVID-19 pandemic, which resulted in a decrease in airbag fabric output, has had a substantial impact on the overall size, share, and growth of the Automotive Airbag Fabric Market. In terms of material components, this influence has produced a global supply chain disruption. Furthermore, as a result of the COVID-19 outbreak, key players in the Automotive Airbag Fabric Market are expected to reduce their investments in vehicle airbag research and development. However, due to a slow recovery in airbag fabric and airbag production following the pandemic, the automotive airbag fabric market is expected to grow during the Automotive Airbag Fabric Market Analysis.
Based on the Airbag type segment, the global market has been divided into Front airbags, Knee airbags, Side airbags, Curtain airbags, and Other Airbags. The market for side airbags was the most valuable. This is due to the additional safety and security measures provided by side airbags, which are designed to protect the three most vulnerable parts of an occupant's body. Over the projected period, the knee airbag segment is expected to increase at the fastest rate.
The global market has been divided into Airbag inflators, Airbag Control units, and airbags based on the component segment. One of the most critical components of an airbag system is the inflator. It is essentially made up of a member chamber that holds chemical propellants, stored gas, or both, which are detonated to inflate the airbag in the event of a car accident. Different airbag types use different airbag inflator technology in the automobile industry.
Based on the vehicle type segment, the global market has been divided into passenger vehicles and commercial vehicles. The largest end-use category of the automotive airbag and seat belt market is passenger vehicles. Passenger vehicles are usually in great demand in this market. Due to the implementation of strict rules by governments around the world, the commercial vehicle industry is also predicted to increase significantly.
By Airbag Type:
Front Airbag
Knee Airbag
Side Airbag
Curtain Airbag
Other Airbags
By Component:
Airbag Inflator
Airbag Control Unit
Airbag
By Vehicle Type:
Passenger vehicles
Commercial vehicles
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Airbag fabrics have seen the most growth in the Asia-Pacific area, with China, Japan, South Korea, and India leading the way. China and India are the Asia-Pacific market's growth engines, thanks to a steady increase in car demand and the implementation of stringent safety regulations. North America and Europe are also key markets for airbag materials, with strong demand projected over the next five years. The United States and Mexico are the most important markets in North America, while Germany, France, the United Kingdom, and Russia are the most important markets in Europe. In Europe, airbags are installed at a faster rate than in North America and Asia-Pacific.
REGIONAL COVERAGE:
North America
The USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Robert Bosch GMBH, Takata Corporation, Delphi Automotive PLC, Toyoda Gosei Co., Ltd., Trw Automotive, Asahi Kasei Co., Ltd, Global Safety Textiles (Hyosung), Toray Industries, Inc., HMT (Xiamen) New Technical Materials Co., Ltd., Asahi Kasei Co., Ltd., Autoliv AB, Kolon Industries, Takata Corporation, Teijin Limited, Toray Industries, Toyobo Co., Ltd., and Toyota Boshoku Corporation are some of the affluent competitors with significant market share in the Automotive Airbag Fabric Market.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 32.16 Billion |
| Market Size by 2031 | US$ 55.98 Billion |
| CAGR | CAGR of 7.12% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Airbag Type (Front Airbag, Knee Airbag, Side Airbag, Curtain Airbag, Other Airbags) • by Component (Airbag Inflator, Airbag Control Unit, Airbag) • by Vehicle Type (Passenger Vehicles, Commercial vehicles) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Robert Bosch GMBH, Takata Corporation, Delphi Automotive PLC, Toyoda Gosei Co., Ltd., Trw Automotive, Asahi Kasei Co., Ltd, Global Safety Textiles (Hyosung), Toray Industries, Inc., HMT (Xiamen) New Technical Materials Co., Ltd., Asahi Kasei Co., Ltd., Autoliv AB, Kolon Industries, Takata Corporation, Teijin Limited, Toray Industries, Toyobo Co., Ltd., and Toyota Boshoku Corporation |
| Key Drivers | •Due to a rise in passenger safety concerns, the market is rising. •An increase in the number of installed airbags. |
| RESTRAINTS | •Market expansion is impeded by cost difficulties in price-sensitive regions. •OEMs only provide one or two airbags, as more airbags increase the vehicle's overall cost. |
Ans. The Automotive Airbag Fabric Market is to grow at a CAGR of 7.12% from 2023 to 2030.
Ans. The Automotive Airbag Fabric Market size was valued at USD 32.16 billion in 2023 and is expected to reach USD 55.98 billion by 2031 and grow at a CAGR of 7.12% over the forecast period 2024-2031.
Ans. The Asia Pacific region is dominating the market.
Ans. Market expansion is impeded by cost difficulties in price-sensitive regions which can restrain the market growth.
Ans. The market is rising due to a rise in passenger safety concerns.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Airbag Fabric Market Segmentation, by Airbag Type
8.1 Front Airbag
8.2 Knee Airbag
8.3 Side Airbag
8.4 Curtain Airbag
8.5 Other Airbags
9. Global Automotive Airbag Fabric Market Segmentation, by Component
9.1 Airbag Inflator
9.2 Airbag Control Unit
9.3 Airbag
10. Global Automotive Airbag Fabric Market Segmentation, by Vehicle Type
10.1 Passenger vehicles
10.2 Commercial vehicles
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 the USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 the UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Robert Bosch GMBH,
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Takata Corporation
12.3 Delphi Automotive PLC
12.4 Toyoda Gosei Co., Ltd.
12.5 Trw Automotive
12.6 Asahi Kasei Co., Ltd
12.7 Global Safety Textiles (Hyosung)
12.8 Toray Industries, Inc.
12.9 HMT (Xiamen)
12.10 New Technical Materials Co., Ltd.
12.11 Asahi Kasei Co., Ltd.
12.12 Autoliv AB
12.13 Kolon Industries
12.14 Takata Corporation
12.15 Teijin Limited
12.16 Toray Industries
12.17 Toyobo Co., Ltd.
12.18 Toyota Boshoku Corporation
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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