The ‘Global Webbing Market Size, Share, Price, Trends, Growth, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global webbing market, assessing the market on the basis of its segments like product, application, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It is also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Webbing Market Share, Size, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 6%
The widespread usage of webbing in seat belts and harnesses for vehicles is promoting market expansion. Multiple countries are raising the restrictions on automotive safety, which is further fostering the webbing market expansion. Webbing is also used to make a variety of clothing items, including belts, sandals, handbags, and suspenders, among others, which is fuelling the industry’s expansion. The rise of the fashion and garment industry is being fuelled by an increase in disposable income.
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The market for webbing is expanding due to the oil and gas sector’s rapid growth. It is also anticipated that the usage of webbing in the creation of safety gear for oil and gas industry personnel will contribute to the market growth. Additionally, numerous governments sponsor sporting events and promote hobbies like marathons, hiking, and camping. The webbing business is anticipated to grow even more as a result of the growing use of webbing in athletic goods.
High-performance webbings are created as a result of technological improvement. This is employed to satisfy consumer demand for recreational products including climbing nets, parachutes, pet leashes, binding tapes, and harnesses, among others. Shuttle loom technology, which combines electronic components to boost production, is another advancement that is fuelling the expansion of the webbing market.
Webbing Industry Definition and Major Segments
Webbing is a woven fabric designed for use with looms to generate strips using yarn. It can be varied based on its diverse material compositions, range of strengths, and width. It is commonly manufactured in solid or tabular shapes, and each form has a variety of uses. It can be produced from polyester, nylon, or polypropylene.
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Based on product, the market is divided into:
• Carbon Fibres
• Para Aramid Fibres
• Ultra High Molecular Weight Polyethylene (UHMWPE)
On the basis of application, the market is segmented into:
• Sporting Good
Based on region, the market is categorised into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Webbing Market Trends
The growing popularity of pet animals and the consequent need for engaging products for these animals is a key trend predicted to support the webbing market expansion. The introduction of jacquard webbing, which meets the requirements for both collars and webbing and can support attractive landscapes and designs on the leash, has increased its appeal among households with pets.
Daily-use items including seatbelts, load straps, sporting goods, furniture, pet leashes, footwear, and athletic wear frequently use webbing. Due to its high strength and ability to support huge loads, webbing is used to construct hiking, camping, and athletic equipment, which is driving the market’s expansion. Webbing is utilised for shipping and safeguarding military supplies since it can handle a weight between 3,000 and 6,000 pounds, which is helping the market’s expansion.
Additionally, the industry’s growth is being fuelled by the increased demand for vehicles in emerging economies like India and China due to high disposable income. The development of slacklining equipment, tent adjusters, animal collars and leashes, and other items using nylon webbing is propelling the expansion of the webbing market.
Key Market Players
The major players in the global webbing market report include:
- American Cord & Webbing Co., Inc.
- Bally Ribbon Mills
- Murdock Webbing Company, Inc.
- Jiangsu Daxin Webbing Co., Ltd.
- National Webbing Products Co. (NWP)
- NTX Group
The report covers the market shares, capacities, plant turnarounds, expansions, investments, mergers, and acquisitions, among other latest developments of these market players.
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