Commercial Vehicle Airbag Fabric Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0185837
  • Format: Electronic (PDF)
  • Number of Pages: 216
  • Author(s): Joshi, Madhavi

Report Overview

The Commercial Vehicle Airbag Fabric Market size was estimated at USD 1.2 billion in 2023 and is projected to reach USD 2.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.70% during the forecast period (2024-2030).

Commercial Vehicle Airbag Fabric Market

(Market Size)
$1.2 billion
$2.2 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.70%
2023 Market Size USD 1.2 billion
2030 Market Size USD 2.2 billion
Key Players Autoliv, Joyson Safety Systems, Toray, Hyosung, Toyobo

Market Summary

The commercial vehicle airbag fabric market is a critical and specialized segment within the global automotive safety systems industry. This market is primarily concerned with the production and supply of advanced technical textiles used in the manufacturing of airbags for trucks, buses, and other heavy-duty vehicles. The fundamental purpose of these fabrics is to provide a reliable and robust barrier that can instantaneously inflate upon collision impact, thereby significantly enhancing occupant safety and reducing the severity of injuries. The industry is characterized by stringent regulatory standards and certifications that govern material performance, necessitating continuous innovation and rigorous quality control from raw material suppliers to finished product manufacturers. Growth is inherently linked to the expansion of the global commercial vehicle fleet and the increasing legislative push for mandating advanced safety features in all vehicle classes. The market operates within a complex global supply chain, with material science advancements playing a pivotal role in developing lighter, stronger, and more compact fabrics that meet the demanding performance criteria of modern vehicle safety systems.

Key Highlights

The commercial vehicle airbag fabric market is distinguished by several key factors that underscore its importance and trajectory. A paramount highlight is the relentless pursuit of material innovation, with leading manufacturers developing high-tenacity yarns and sophisticated coating technologies to improve tear strength and reduce porosity, ensuring optimal inflation characteristics. Another significant aspect is the critical role of global safety regulations and New Car Assessment Programs (NCAP), which are becoming increasingly stringent worldwide, directly propelling the adoption of advanced airbag systems in commercial vehicles where they were once less common. The market is also witnessing a strategic shift towards sustainable production practices, including the exploration of recycled materials and eco-friendly manufacturing processes to align with broader corporate sustainability goals. Furthermore, the integration of side-curtain and other specialized airbag types in commercial vehicles represents a major technological advancement, requiring fabrics with specific properties and driving further specialization within the market. The competitive landscape is marked by deep-rooted, long-term partnerships between fabric producers and major airbag system integrators like Autoliv and ZF Friedrichshafen, highlighting the importance of supply chain reliability and collaborative development.

Drivers, Opportunities & Restraints

The market's progression is fueled by a confluence of powerful drivers. The most potent driver is the global escalation of road safety regulations, with governments mandating the inclusion of advanced passive safety systems, including multiple airbags, in new commercial vehicles to protect drivers and passengers. This regulatory push is complemented by growing awareness among fleet operators about the economic and human benefits of investing in superior safety technologies, which can reduce accident-related costs and liabilities. Rising production volumes of commercial vehicles, particularly in emerging economies, further provide a stable foundation for market demand. Significant opportunities are emerging from the development of next-generation sustainable fabrics and the expansion into new vehicle segments, such as electric commercial vehicles, which may require customized safety solutions. The advent of autonomous driving technology also presents a long-term opportunity to redesign interior safety systems, potentially increasing the value and complexity of airbag fabrics. However, the market faces considerable restraints, including the high cost of advanced fabric materials and the complex, capital-intensive nature of manufacturing, which can act as a barrier to entry for new players. Fluctuations in the prices of raw materials like nylon 66 and polyester also pose a challenge to maintaining stable profit margins. Furthermore, the need for extensive and costly testing and certification for any new material or design can slow down the pace of innovation and product launches.

Concentration Insights

The global commercial vehicle airbag fabric market exhibits a high degree of concentration, characterized by an oligopolistic structure where a limited number of multinational corporations hold a dominant share. This concentration is a result of significant technological expertise, extensive patent portfolios, and the capital requirements necessary for establishing global production and R&D facilities. These leading players have established entrenched, long-term supply agreements with the world's premier airbag module manufacturers and automotive OEMs, creating high barriers to entry for new competitors. The market concentration is further reinforced by the critical importance of product quality and reliability; vehicle manufacturers are exceedingly risk-averse and prefer to source from established suppliers with proven track records in meeting rigorous safety standards. This landscape necessitates that smaller or regional players often specialize in niche applications or specific geographic markets, or alternatively, operate as part of the broader supply chain for the major corporations. Competition among the top firms is intense and is primarily based on technological innovation, product performance, global supply chain capability, and price, rather than on the number of competitors.

Type Insights

The market is segmented based on the type of fabric material, with each offering distinct properties suited for various airbag applications. Flat woven fabric continues to be the predominant and most traditional type used in commercial vehicle airbags. Its widespread adoption is due to its excellent balance of high strength, durability, and well-understood manufacturing processes, making it ideal for driver and passenger front airbags. Coated fabrics represent a significant segment, where a layer of silicone or other polymer is applied to the base woven material. This coating is crucial for managing the permeability of the fabric, ensuring it retains gas long enough for the airbag to deploy effectively and cushion occupants, and is often specified for side-impact and curtain airbags. Uncoated fabrics are also utilized, prized for their lighter weight and more compact packing volume; however, their application is more selective and often involves more complex weaving techniques to achieve the necessary low permeability without a coating. The choice between these types is a critical design decision for automotive engineers, balancing factors such as performance requirements, packaging constraints, and overall cost targets for the vehicle's safety system.

Application Insights

Application insights reveal how airbag fabrics are tailored for specific protective functions within a commercial vehicle. The foremost application is in front airbags, which are designed to deploy from the steering wheel and dashboard to protect the driver and front-seat passenger in a frontal collision. These airbags require robust fabrics capable of withstanding extreme forces. Side airbags represent another critical application, deploying from the seat or door to protect the torso from lateral impacts. This category often includes specialized thoracic bags. Curtain airbags, or side-curtain airbags, are a rapidly growing application, particularly in buses and premium trucks. These deploy from the roof lining and cover the side windows, providing crucial head protection for occupants in both front and rear rows during a side-impact or rollover event. Each application imposes unique demands on the fabric in terms of deployment speed, inflation profile, packed volume, and durability, driving continuous material development and specialization from suppliers to meet these precise engineering requirements for enhanced occupant safety.

Regional Insights

The demand and production for commercial vehicle airbag fabrics are distributed unevenly across the globe, reflecting regional differences in automotive manufacturing, regulatory frameworks, and economic development. The Asia-Pacific region stands as the largest and most dynamic market, propelled by the massive commercial vehicle production hubs in China, India, Japan, and South Korea. This region benefits from strong government safety initiatives, a expanding manufacturing base, and growing domestic demand for safer vehicles. Europe represents a mature yet technologically advanced market, characterized by some of the world's most stringent vehicle safety regulations set by the European Union, which compel the adoption of sophisticated airbag systems. North America is another significant market, driven by a well-established commercial vehicle industry, high safety standards, and a strong presence of key industry players. Other regions, including South America and the Middle East & Africa, are currently smaller markets but are anticipated to exhibit growth potential as their automotive industries develop and local safety regulations gradually become more aligned with global standards, thereby increasing the penetration of airbag systems.

Company Insights

The competitive landscape is dominated by a handful of global giants with extensive expertise in high-performance textiles. Key players include Toray Industries, a Japanese chemical giant renowned for its advanced synthetic fibers and fabrics, holding a significant market share through its technical innovations. Toyobo, another major Japanese company, is a critical supplier of high-strength nylon and polyester yarns specifically engineered for airbag applications. Hyosung, a South Korean industrial conglomerate, has a formidable presence as a producer of spandex and nylon, supplying the global airbag fabric market. Global Safety Textiles is a European leader focused exclusively on developing and manufacturing technical textiles for automotive safety systems. Kolon Industries, also from South Korea, is a significant player involved in various sectors, including the production of high-tenacity fibers for industrial and safety applications. These companies compete not only on the basis of product quality and price but also on their global production footprint, research and development capabilities, and their ability to form strategic, long-term partnerships with tier-1 airbag system manufacturers and automotive OEMs worldwide.

Recent Developments

The commercial vehicle airbag fabric market is in a constant state of evolution, with recent developments focusing on enhancing performance, sustainability, and production efficiency. A prominent trend is the intensified research and development into sustainable material solutions, including fabrics made from recycled content and bio-based polymers, responding to the automotive industry's overarching sustainability mandates. There is also a significant push towards product lightweighting, developing thinner and lighter fabrics that maintain or exceed existing strength and performance standards, which contributes to overall vehicle weight reduction and improved fuel efficiency. Manufacturing advancements are another key area, with companies investing in more automated and precise weaving and coating technologies to improve product consistency and reduce waste. Furthermore, industry participants are actively engaging in collaborations and joint development agreements with chemical companies and airbag inflator manufacturers to create integrated and optimized safety system solutions. These developments reflect the market's response to the dual pressures of escalating performance requirements and the need for greater environmental responsibility throughout the product lifecycle.

Report Segmentation

This comprehensive market research report on the commercial vehicle airbag fabric industry provides a detailed and structured analysis to facilitate strategic decision-making. The report is meticulously segmented to offer granular insights into every critical aspect of the market. The segmentation begins by Material Type, categorizing the market into key fabric types such as Nylon 6.6, Polyester, and others, analyzing the adoption trends, advantages, and market share of each material. It is further segmented by Fabric Type, distinguishing between Flat Woven, Coated, and Uncoated fabrics, detailing their specific applications and performance characteristics. The Application segmentation breaks down the market based on the end-use of the fabric, including Front Airbag, Side Airbag, Knee Airbag, and Curtain Airbag, providing demand patterns for each safety application. Geographically, the report offers a thorough Regional Analysis, covering key markets such as North America, Europe, Asia-Pacific, South America, and the Middle East & Africa, highlighting regional production, consumption, and regulatory trends. An additional segmentation by Vehicle Type may include Heavy Trucks, Light Commercial Vehicles, and Buses. This multi-dimensional segmentation allows for a precise understanding of market dynamics, growth pockets, and competitive scenarios across different segments and regions.

FAQs

What are the different types of airbag fabrics used in commercial vehicles?

The primary types of airbag fabrics used are flat woven, coated, and uncoated fabrics. Flat woven is the most common, known for its strength. Coated fabrics, often with silicone, control air permeability for longer cushioning, while uncoated fabrics offer lighter weight and compact packing.

Which material is predominantly used for manufacturing airbag fabrics?

Nylon 6.6 is the predominantly used material due to its exceptional high-tenacity strength, thermal resistance, durability, and energy absorption properties, which are critical for reliably containing the forceful inflation of an airbag during a collision event.

Who are the leading players in the commercial vehicle airbag fabric market?

The market is led by global chemical and textile giants including Toray Industries, Toyobo, and Hyosung. Other significant players are Global Safety Textiles and Kolon Industries, who supply high-performance fibers and fabrics to major airbag system manufacturers.

What are the key drivers for the growth of this market?

Key growth drivers include stringent government regulations mandating enhanced safety features in vehicles, a rising global production volume of commercial vehicles, and increasing awareness and demand among fleet operators for advanced safety systems to reduce accident-related costs.

Which region holds the largest market share for commercial vehicle airbag fabrics?

The Asia-Pacific region holds the largest market share, driven by its massive commercial vehicle manufacturing industry, particularly in China and India, alongside growing domestic demand and strengthening safety standards across the region.

What are the major applications of airbag fabrics in commercial vehicles?

Major applications include front airbags for driver and passenger protection, side airbags for torso protection in lateral impacts, and curtain airbags which deploy from the roof lining to provide head protection during side collisions and rollover incidents.

Citius Research has developed a research report titled “Commercial Vehicle Airbag Fabric Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Commercial Vehicle Airbag Fabric Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Commercial Vehicle Airbag Fabric Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Commercial Vehicle Airbag Fabric Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Commercial Vehicle Airbag Fabric Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Commercial Vehicle Airbag Fabric Market
• Research Methodology
• Executive Summary
• Market Dynamics of Commercial Vehicle Airbag Fabric Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Commercial Vehicle Airbag Fabric Market
• Cost and Gross Margin Analysis of Commercial Vehicle Airbag Fabric Market
• Commercial Vehicle Airbag Fabric Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Commercial Vehicle Airbag Fabric Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Commercial Vehicle Airbag Fabric Market Key Stakeholders

Below are the key stakeholders for the Commercial Vehicle Airbag Fabric Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Commercial Vehicle Airbag Fabric Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Commercial Vehicle Airbag Fabric Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Commercial Vehicle Airbag Fabric Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Commercial Vehicle Airbag Fabric Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Commercial Vehicle Airbag Fabric Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Commercial Vehicle Airbag Fabric Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Commercial Vehicle Airbag Fabric Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Commercial Vehicle Airbag Fabric Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Commercial Vehicle Airbag Fabric Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Commercial Vehicle Airbag Fabric Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Commercial Vehicle Airbag Fabric Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Commercial Vehicle Airbag Fabric Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Commercial Vehicle Airbag Fabric Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Commercial Vehicle Airbag Fabric Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Commercial Vehicle Airbag Fabric Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Commercial Vehicle Airbag Fabric Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Commercial Vehicle Airbag Fabric Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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