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Global Webbing Market to Reach US$ 5.4 Billion by 2027, Bolstered by Significant Growth in Automotive Industry

Published on Nov 14, 2022

According to the latest report by IMARC Group, titled “Webbing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global webbing market reached a value of US$ 3.7 Billion in 2021. Webbing refers to a strong, narrow, and closely woven fabric designed in flat or tubular form for bearing weight. It is manufactured by weaving highly durable yarns and fibers, such as cotton, nylon, polyester, polypropylene, Kevlar, and Nomex. Webbing is widely used to produce seatbelts, harnesses, handbags, luggage, hiking and climbing gear, safety products, sporting goods, upholstery, and medical equipment. It is a cost-effective, lightweight, and flexible material that provides high durability and enhanced safety. Webbing also exhibits resistance against flame, abrasion, chemicals, temperature, impact, and ultraviolet (UV) radiation. It is easy to clean, mildew-proof, offer high color retention, and provides dyeing affinity.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Webbing Market Trends:

The significant growth in the automotive industry across the globe is creating a positive outlook for the market. Webbing is widely used for manufacturing airbags and door tethers, battery straps, boot lining assemblies, car mat bindings, and securing polyvinyl chloride (PVC) curtains. In addition, the widespread product utilization for towing and pulling vehicles, such as cars, lorries, diggers, buses, caravans, horseboxes, and trailers, due to its high strength is acting as another growth-inducing factor. Furthermore, increasing product adoption in the defense and aerospace industry for producing parachute harnesses, rifle and shoulder straps, safety helmets, military belts, flight suits, uniform belts, cargo netting reinforcement, and tent construction is providing a considerable boost to the market growth. Apart from this, rising product adoption in the marine industry due to its low water absorption rate, good abrasion resistance, and flex characteristics is positively influencing the market growth. Moreover, increasing product utilization to produce sporting and adventure goods, such as camping gear, kayaking straps, backpacks, gloves, shoulder pads, chin straps on helmets, snowshoe straps, and gaiters, is providing an impetus to the market growth. Other factors, including rising demand for eco-friendly webbing, increasing product utilization for manufacturing casual and formal footwear, and rising product adoption in the medical industry for patient handling equipment, are anticipated to drive the market growth. On account of the aforementioned factors, the market value is expected to reach US$ 5.4 Billion by 2027, exhibiting a CAGR of 6.81% during 2022-2027.

Market Summary:

  • On the basis of the product, the market has been divided into polyester, nylon, polypropylene, carbon fibers, p-aramid fibers, UHMWPE, and others.
  • Based on the application, the market has been classified into automotive, sporting goods, industrial, military, and others.
  • On a regional basis, the market has been categorized into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the industry has also been examined, with some of the key players being American Cord & Webbing Co. Inc, Bally Ribbon Mills, BioThane Coated Webbing Corp, E. Oppermann GmbH, Leedon Webbing Co. Inc., Murdock Webbing Company Inc, National Webbing Products Co., Ohio Plastics Belting Co., Sturges Manufacturing Co. Inc., Tennessee Webbing Products and Webbing Products Pty Ltd (SA Bias Industries Group).
     

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