Airbag Textile Market

The Global Airbag Textile Market Industry is poised for substantial growth in the coming years. With a projected market value of 1.23 USD Billion in 2024, the industry is expected to expand to 2.38 USD Billion by 2035. This growth trajectory suggests a robust compound annual growth rate of 6.15% from 2025 to 2035. Factors contributing to this growth include increasing vehicle production, regulatory compliance, and advancements in textile technology. As the automotive industry continues to evolve, the demand for high-quality airbag textiles is likely to remain strong, positioning the market for sustained expansion.

The Global Airbag Textile Market Industry is experiencing growth due to the rising production of vehicles worldwide. In 2024, the market is projected to reach 1.23 USD Billion, driven by the increasing demand for safety features in automobiles. As manufacturers prioritize passenger safety, the integration of advanced airbag systems becomes essential. This trend is particularly evident in regions such as Asia-Pacific, where vehicle production is surging. The focus on enhancing safety standards is likely to propel the demand for airbag textiles, contributing to the overall market expansion.

Consumer awareness regarding vehicle safety is a pivotal driver for the Global Airbag Textile Market Industry. As individuals become more informed about the benefits of airbags, the demand for vehicles equipped with advanced safety features is increasing. This heightened awareness is particularly pronounced in developed markets, where consumers prioritize safety in their purchasing decisions. Consequently, automotive manufacturers are compelled to enhance their safety offerings, including the incorporation of high-quality airbag textiles. This trend is expected to contribute to a compound annual growth rate of 6.15% from 2025 to 2035, reflecting the industry's responsiveness to consumer preferences.

The Global Airbag Textile Market Industry is significantly influenced by stringent regulatory frameworks aimed at enhancing vehicle safety. Governments across various regions are implementing regulations that mandate the inclusion of airbags in vehicles, thereby driving the demand for airbag textiles. For instance, the European Union has established regulations that require all new vehicles to be equipped with airbags. This regulatory push not only ensures consumer safety but also stimulates market growth. As compliance becomes non-negotiable, manufacturers are compelled to invest in high-quality airbag textiles, further propelling the industry forward.

Technological innovations in textile manufacturing are reshaping the Global Airbag Textile Market Industry. The introduction of advanced materials and production techniques enhances the performance and reliability of airbag textiles. Innovations such as lightweight, high-strength fabrics are gaining traction, contributing to improved safety outcomes. Additionally, the integration of smart textiles, which can monitor conditions and respond accordingly, is emerging as a potential game-changer. These advancements not only meet the evolving demands of the automotive industry but also align with the projected market growth, with estimates indicating a market value of 2.38 USD Billion by 2035.

The Global Airbag Textile Market Industry is benefiting from the expansion of the automotive sector in emerging markets. Countries such as India and Brazil are witnessing a surge in vehicle ownership, driven by economic growth and urbanization. This trend is leading to increased investments in automotive safety features, including airbags. As these markets mature, the demand for airbag textiles is likely to rise significantly. The growing middle class in these regions is also contributing to a shift in consumer preferences towards safer vehicles, thereby bolstering the airbag textile market. This expansion presents a substantial opportunity for manufacturers to tap into new markets.

By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East & Africa, and South America.  The regions included in the study are North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Asia-Pacific is anticipated to dominate the Airbag Textile market in 2022 while North America is anticipated to exhibit the highest CAGR during the forecast period.

Among Region, Asia-Pacific holds the highest market share of 48.1% in 2022 in Airbag textile market, the market for Asia-Pacific was valued at USD 531.9 Million in 2022 and is anticipated to reach USD 966.4 Million in 2032 growing at a CAGR of 6.2%. The Asia-Pacific airbag textile market is a growing industry that manufactures and supplies various airbag textiles, including nylon, polyester, and others. The increasing demand for airbags in the automotive industry, safety regulations, and the rising awareness of road safety drive the market. Technological advancements and the use of eco-friendly materials also influence the market.

The major players in the Asia-Pacific airbag textile market include Toray Industries, Toyobo Co. Ltd., Kolon Industries Inc., and Hyosung Corporation. These companies continuously invest in R&D to develop new and innovative products to cater to the growing demand for airbag textiles.

The North American airbag fabric market is a rapidly growing industry that provides materials for producing airbags used in various vehicles. Airbags are a vital safety feature in automobiles, and the demand for high-quality automotive airbag fabrics is increasing due to the rising concerns about passenger safety. Furthermore, the increasing number of government regulations mandating the use of airbags in vehicles has also contributed to the growth of this market. The market has witnessed significant growth due to advancements in technology and the development of new materials.

Manufacturers are increasingly focusing on producing airbag fabrics that are lightweight, durable, and cost-effective.

Additionally, the growing demand for electric and hybrid vehicles is also expected to contribute to the growth of this market in the coming years. Overall, the North American airbag fabric market is a dynamic and rapidly evolving industry that is expected to grow as the demand for vehicle safety features increases. The industry is expected to witness increased competition and innovation as manufacturers strive to produce high-quality airbag fabrics that meet the growing needs of the automotive industry.

The European airbag textile market is a rapidly growing industry providing textiles for producing airbags in various vehicles. Airbags are an essential safety feature in automobiles, and the demand for high-quality airbag textiles is increasing as the number of cars on the roads continues to grow. Additionally, the increasing number of regulations mandating the use of airbags in vehicles has also contributed to the growth of this market. The market has witnessed significant growth due to advancements in technology and the development of new materials. Manufacturers are increasingly focusing on producing airbag textiles that are lightweight, durable, and cost-effective.

Additionally, the growing demand for electric and hybrid vehicles is also expected to contribute to the growth of this market in the coming years. The European airbag textile market is highly competitive, with several major players operating. Countries like Germany, France, and the UK are significant contributors to the growth of this market in Europe. Overall, the European airbag textile market is a dynamic and rapidly evolving industry expected to grow as demand for vehicle safety features increases.

Figure3: Airbag Textile Market Size by Region 2022 & 2032

Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

The Airbag Textile Market consists of various global and regional service providers who are continuously evolving to enhance their market position. The growth of the airbag textile market is driven by rise in the number of road accidents globally underscores the urgent need for enhanced vehicle safety measures, propelling the demand for airbag textiles. Growing awareness among consumers regarding vehicle safety, coupled with stringent government regulations mandating the incorporation of airbag systems, further fuels market expansion. Moreover, airbag textile manufacturers are significantly investing in developing advanced technologies to offer the most robust and durable airbag fabric.

Despite the market's growth potential, certain restraints pose challenges to its development. High production and installation costs associated with airbag systems hinder widespread adoption, impacting market penetration and profitability. However, advancements in technology and manufacturing processes offer opportunities to address cost concerns and drive market growth.

The competitive landscape features key players such as Autoliv, Inc., Global Safety Textiles, HMT New Technical Materials Co. Ltd., Indorama Ventures, Joyson Safety Systems, Asahi Kasei Co. Ltd., Autoliv China, Teijin Limited, Toray Industries, and Toyobo Co. Ltd. These companies leverage their expertise and technological capabilities to develop cutting-edge airbag textiles that meet stringent safety standards and address market demands.