Major players in the webbing market are American Cord & Webbing Company, Belt-tech, Narrowtex, National Webbing Products, Tennessee Webbing Products, Ohio Plastics, Universal Webbing Products, Jiangsu Daxin Webbing, Inka Oy, and Leedon Webbing.
The global webbing market is expected to grow from $3.34 billion in 2021 to $3.6 billion in 2022 at a compound annual growth rate (CAGR) of 7.9%. The market is expected to grow to $4.89 billion in 2026 at a compound annual growth rate (CAGR) of 7.9%.
The webbing market consists of sales of webbing products by entities (organizations, sole traders, and partnerships) that are engaged in webbing products to be used in belts, straps, seat belts, and airbags.Webbing is a strong fabric that is woven as a flat strip with different sizes and fibers and is often used as a replacement for rope.
It is commonly used in furniture manufacturing, military apparel, automobile safety, parachuting, and other fields.
The main types of webbing are nylon, polyester, polypropylene, carbon fibers, P-aramid fibers, ultra-high molecular weight polyethylene (UHMWPE).Nylon webbing is a high-strength material, this webbing material can stretch around 2% of the length of the webbing.
Natural and man-made materials are used for webbing. These webbings are used in various areas including automotive, military, industrial, sporting goods, and others.
Asia Pacific was the largest region in the webbing market in 2021.North America is the second-largest market in webbing market.
The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
An increase in demand for automobiles is contributing to the growth of the webbing market.Growing usage of webbing in the automotive industry for the production of seat belts, handles, safety harnesses, airbag catch bags, and attach car batteries, to limit the movement of exhaust pipe hangers is likely to boost the demand for webbing in coming years.
According to LMC Automotive estimates, global car sales are predicted to reach 111 million by the end of 2032.Moreover, according to the Economist Intelligent Unit, the global new car sales will rise by 15% and commercial vehicle sales will increase by 16% in 2021.
Therefore, the expansion of the automotive sector is boosting the growth of the webbing market.
The launch of advanced textile products that increase functionality and productivity is a key trend in the webbing market.For instance, in March 2021, Bally Ribbon Mills, a US-based company that provides the development of highly specialized engineered woven fabrics has innovated a durable product with E-webbing and thermoplastic composite materials (TPMC).
The new textile products have superior features like lightweight, abrasion resistance that are ideal for electronic transmission data and energy storage. These advanced textiles are used in parachutes, chemically resistant webbing, and personal protective equipment.
In January 2021, Speedtech International, a US-based company that is engaged in the manufacturing and fabrication of hook and loop products and specialty fasteners acquired Toleeto Fasteners International for an undisclosed amount.The acquisition is expected to improve Speedtech’s capabilities, services, and expand its geographical presence.
Toleeto Fasteners International is a US-based company that is engaged in manufacturing neoprene, hook and loop products, and custom fabricated webbing.
The countries covered in the webbing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
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