The investments into advancement of weaving technology is estimated to supplement the growth of the global webbing market over the forecast period. Major players in the webbing industry are now employing advanced shuttle loom technologies that incorporate electronic elements and jacquard capabilities to cater the increased demand with an aim to enhance production efficiency and end-use product quality. Intensified research and development efforts is aiding the growth of webbing market, globally. Bally Ribbon Mills, for instance, received Small Business Innovation Research grant for a research project with U.S. Air Force., which enabled the company to develop quad-axial loom. Through further research into the same, the company learned about its further implementation on other commercial products with more complicated parts, which enriched their experience into developing 3-D preforms. Furthermore, the shuttle loom technology deployed by the company for specific applications including parachutes and military applications, was noted to be highly preferred by the industrial users owing to its advantageous characteristic of producing seamless tubular webbing.
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Asia-Pacific dominates the webbing market due to the increasing investments in manufacturing, transport, and aerospace sector, growing military budget in developing economies and rising automotive industry in the region. The region also comprises high-end consumer markets such as China, Japan and India. These countries are some of the largest consumers of the webbing products and together account for nearly 55% of the total trade. Hence, the region showcases positive growth prospects in the global webbing market and is also estimated to register highest CAGR over the forecast period.
The global webbing market accounted for US$ 3216.51 Mn in 2020, and is expected to grow at a CAGR of 5.8% during the forecast years (2021-2029).
The detailed research study provides qualitative and quantitative analysis of webbing market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
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Key Findings of the Report:
- Rising production of automotive vehicles and demand for passenger vehicles globally are key factors triggering the growth of global webbing market.
- The adoption of enhanced weaving technology using advanced materials is anticipated to emerge as a prominent trend in the global webbing market in the future years.
- Asia Pacific webbing market accounted for the highest market globally in 2020 and is also projected to retain the highest share with the maximum compound annual growth rate over the forecast period.
- Some of the major players operating in the global webbing market are American Cord & Webbing Co., Inc., Bally Ribbon Mills, Belt-tech, BioThane, E. Oppermann GmbH, Inka Oy, Jiangsu Daxin Webbing Co., Ltd, Leedon Webbing, Murdock Webbing Company, Inc., Narrowtex Australia Pty Ltd, National Webbing Products Co., Ohio Plastics Belting Co., Sturges Manufacturing Co., Inc., Tennessee Webbing Products, Universal Webbing Products Co., Ltd and Webbing Products Pty Ltd. amongst others.
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Global Webbing Market:
- By Material Type
- Nylon
- Polyester
- Polypropylene
- Cotton
- Ultra-High-Molecular-Weight Polyethylene
- Aramid Yarns (Kevlar, Nomex, Etc.)
- Others
- By Weave Patterns
- Plain
- Twill
- Satin
- Tubular
- Others
- By Application
- Automotive
- Car Safety Belts
- Child Safety Belts
- Airbag Tether
- Others
- Aviation
- Passenger Seatbelts
- Load Securing
- Pull Straps
- Head Rests
- Luggage Straps
- Others
- Lifting and Recovery
- Industrial Lifting Applications
- Vehicle Towing and Recovery
- Lifting slings for Beams, Nets and Bags
- Flat Slings for Marine and Pipe Laying Applications
- Others
- Safety Application
- Parachute and Crash Safety
- Racing Harnesses
- Work Positioning
- Fire Fighting
- Fall Protection
- Others
- Medical Restraints
- Sports and Leisure
- Motor Sports Seat Belts
- Climbing Harnesses
- Tennis Tape
- Others
- Military
- Military Backpacks
- Training Equipment
- Parachute Construction
- Military Belts, Straps and Helmet Harnesses
- Tent Construction
- Others
- Furniture & Home Furnishing
- Mining
- Marine
- Industrial Flooring
- Outdoor Advertising
- Tent Manufacturing
- Others
- By Sales Channel
- Direct
- Indirect
- By Region:
- North America
-
- U.S.
- Canada
- Mexico
- Rest of North America
-
- Europe
-
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
-
- Asia Pacific
-
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
-
- Middle East & Africa
-
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Argentina
- Rest of Latin America
-
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