Webbing Global Market Report 2024

The webbing market size has grown strongly in recent years. It will grow from $4 billion in 2023 to $4.38 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to military and defense applications, outdoor and adventure sports, safety and rescue equipment, and the automotive and transportation sector, as well as the fashion and apparel industry.

The webbing market size is expected to see strong growth in the next few years. It will grow to $6.28 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The projected growth in the forecast period is driven by the growing demand for e-commerce, the expansion of the outdoor recreation market, increasing safety standards, innovations in material and design, and the adoption of sustainable and eco-friendly practices. Major trends expected in this period include the expansion of e-commerce channels, a focus on sustainability in manufacturing, a growing demand for webbing in military applications, the integration of technology in smart textiles, and the development of textiles resilient to harsh environmental conditions.

The webbing market is experiencing growth due to heightened demand for automobiles. The automotive industry's increased utilization of webbing in manufacturing seat belt handles, safety harnesses, airbag catch bags, and securing car batteries and exhaust pipe hangers is driving this trend. Projections from LMC Automotive suggest that global car sales will reach 111 million by 2032. Additionally, the Economist Intelligence Unit forecasts a 15% rise in global new car sales and a 16% increase in commercial vehicle sales in 2021. These trends indicate that the automotive sector's expansion is fueling the growth of the webbing market.

The expanding aerospace and defense industry is indeed expected to drive the growth of the webbing market. In the aerospace and defense sector, webbing finds extensive use in applications such as load-bearing straps, harnesses, and restraints, where it enhances structural integrity, safety, and performance in various aircraft and military equipment. The data from the Airspace Industries Association (AIA), indicating significant growth in the aerospace and defense industry with increased sales and exports, highlights the importance of webbing in this sector. As the aerospace and defense industry continues to expand, the demand for high-quality webbing materials is expected to rise, driving the growth of the webbing market.

The emergence of advanced textile products aimed at enhancing functionality and productivity stands as a key trend in the webbing market. For example, in October 2023, GALE Pacific, an Australian manufacturing company, introduced eco-friendly PVC-free materials. Among these innovations are Ecobanner, a printable fabric featuring 100% closed-loop recycling capabilities, and Apex, a waterproof solution specifically designed for use in entertainment and hospitality settings. These product launches highlight the industry's shift towards sustainable and functional textiles, catering to diverse needs while prioritizing eco-consciousness and enhanced performance in various settings.

Major players within the webbing market are directing their focus toward pioneering product materials, such as high-strength carbon fiber, aimed at mitigating environmental impact by creating lighter carbon fiber-reinforced plastic materials. High-strength carbon fiber denotes a type of carbon fiber renowned for its exceptional tensile strength and stiffness. For example, Toray Industries, a prominent Japanese textile industry company, introduced TORAYCA T1200, heralded as the world's highest-strength carbon fiber. This newly developed carbon fiber boasts an impressive tensile strength of up to 1,160 Ksi, surpassing the previous highest-strength carbon fiber, TORAYCA T1100, by more than 10%. Anticipated applications for TORAYCA T1200 span a wide spectrum, ranging from sporting and leisure goods to critical sectors such as aircraft, aerostructures, defense, alternative energy, and consumer products. This innovation holds promise for reducing the environmental impact by offering lighter yet stronger materials across various industries.

In January 2021, Speedtech International, a US company specializing in the manufacturing and fabrication of hook and loop products and specialty fasteners, acquired Toledo Fasteners International for an undisclosed sum. This acquisition is anticipated to enhance Speedtech's capabilities, services, and geographical reach. Toledo Fasteners International, also based in the US, focuses on producing neoprene, hook and loop products, and customized fabricated webbing, complementing Speedtech's offerings and contributing to its growth trajectory.

Major companies operating in the webbing market report are Autoliv Inc., ITW Nexus Advanced Material Components, Jiangsu Daxin Webbing Co. Ltd., Glen Raven Inc., Jacquard Products LLC, NTX Group, Viking Web Corporation, Centrex Plastics LLC, Bally Ribbon Mills, Southern Weaving LLC, BioThane Coated Webbing Corp., Murdock Webbing Company Inc., American Cord and Webbing Co. Inc., Belt Tech Inc., Oppermann Webbing Inc., Advantage Plastic Products Inc., Sturges Manufacturing Inc., Webbing Products Pty Ltd., Tennessee Webbing Products, Narrowtex Pty Ltd., National Webbing Products Co., Ohio Plastics Company, E. Oppermann GmbH, Narricot Industries L.P., Leedon Webbing Co. Inc., Strait Manufacturing Services, Grosgrain and Nylon Webbing Corp., Cotton Webbing Co., Paramount Webbing Inc., Cleveland Webbing Mills Co.

Asia-Pacific was the largest region in the webbing market in 2023. North America is the second-largest market in the webbing market report. The regions covered in the webbing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the webbing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main types of webbing include nylon, polyester, polypropylene, carbon fibers, para-aramid fibers, and ultra-high molecular weight polyethylene (UHMWPE). Nylon webbing is known for its high strength and has a stretch capacity of around 2% of its length. Polyester webbing is favored for its exceptional strength, with each inch capable of bearing between 3,000 and 6,000 pounds. Polypropylene webbing is lightweight and easy to clean, used in diverse applications such as dog collars, leashes, luggage, health-related products, sporting goods, and tote bags. Carbon fiber webbing is employed to reinforce and stabilize foundation walls due to its low thermal expansion, high-temperature tolerance, chemical resistance, low weight, high tensile strength, and stiffness, making it suitable for military and sporting goods applications. Para-aramid fibers find use in flame-resistant and heat-protective clothing, helmets, body armor, composite materials, air filter fabrics, ropes, optical fiber cables, sailcloth, sporting equipment, drumheads, reinforced concrete, and thermoplastic pipes. Ultra-high molecular weight polyethylene (UHMWPE) is a strong, light, and thin webbing made from traditional fibers, ideal for applications requiring high strength and low stretch, particularly in environments where corrosion is a concern. These webbings are utilized across various industries, including automotive, military, industrial, sporting goods, and others.

The webbing market research report is one of a series of new reports that provides webbing market statistics, including the webbing industry's global market size, regional shares, competitors with a webbing market share, detailed webbing market segments, market trends and opportunities, and any further data you may need to thrive in the webbing industry. This webbing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The webbing market consists of sales of jute, rubber, flat webbing, and tubular webbing. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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