Automotive Airbag Yarn Market to Post 6% CAGR through 2021, Forecasts Stratview Research in Its Insightful Report Available at MarketPublishers.com04 Aug 2017 • by Natalie Aster
LONDON – Globally, the airbag market has been witnessing sustainable growth at a robust pace higher than of the overall automotive market owing to the escalating awareness of passenger safety.
At present, polyamide-based yarn takes lead in the overall automotive airbag yarn market.
The automotive airbag yarn market is considered to have lucrative growth potential and is anticipated to gain traction at a 6% CAGR over 2017-2021. The major market growth driving forces include the rising automotive production, uptake in the APAC regional market, constantly rising safety standards worldwide and also introduction of more bags per car, amid others.
North America and APAC are the two biggest regional markets for automotive airbag yarn. Today, the fitment rate of North America is higher than that of APAC and Europe. However, APAC is predicted to hold dominance in the global market and increase at the highest CAGR through 2021.
The insightful topical study “Global Automotive Airbag Yarn Market by Vehicle Type, by Airbag Type, by Coating Type, Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016 – 2021” prepared by Stratview Research gives access to a profound study of the market landscape and dynamics, reliable market data for 2010-2016, describes the market scenario in the current year and also offers a future outlook through 2021. Moreover, the report reviews the key factors responsible for growth in the automotive airbag yarn market, points out the major threats and opportunities, covers the competitive landscape, discloses info on the prominent market players and also touches upon the hottest industry issues.
- gives a clear understanding of the automotive airbag yarn market;
- keeps up-to-date with the recent changes and trends;
- enables informed business decision making;
- gives a hand in business strategy formulation;
- points out the emerging opportunities and the major challenges;
- covers all the major aspects of the automotive airbag yarn;
- shows, how the market is set to change through 2021;
- many more.
For other in-demand reports by this publisher follow to the Stratview Research page.