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| Global Webbing Market Size |
Webbing is a soft woven fabric made from synthetic or natural fibers like
nylon, polyester, cotton or jute. It is widely used in safety equipment like
harnesses, seat belts and other protective gear where strength is crucial. The
global demand for webbing has increased substantially due to rising concerns
about safety at construction sites, during adventure activities and in
automotive accessories.
The global
Webbing Market is estimated to be valued at US$ 941.85 Mn in 2023 and is expected to exhibit a CAGR of 18% over the forecast period
2023 to 2030, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
The rising demand for webbing from the safety equipment industry has been a
major factor driving the growth of the webbing market. Manufacturers are
increasingly focusing on producing lightweight webbings that meet high
standards of tensile strength and durability. They are incorporating advanced
materials like aramid yarns and ultra-high molecular weight polyethylenes to
develop webbings that can withstand heavy loads while being light in weight.
This has further increased their adoption in rescue body harnesses, climbing
gears, seat belts and rigging applications. The development of lightweight and
high-strength webbings is expected to significantly boost the demand from the
protective equipment segment.
Segment Analysis
The global webbing market is dominated by the nylon segment. Nylon webbing is
stronger, more durable, and resists degradation from moisture better than other
materials like polyester and cotton. It accounts for over 60% of the webbing
market as nylon webbing is widely used in equipment belts, climbing belts,
harnesses, and towing straps due to its high tensile strength.
Key Takeaways
Global
Webbing Market Size is expected to witness high growth. The market is
driven by growing demand from various end-use industries such as automotive,
defense, and sports. The global Webbing Market is estimated to be valued at US$ 941.85 Mn in 2023 and is expected
to exhibit a CAGR of 18% over the
forecast period 2023 to 2030.
Regional
analysis shows that Asia Pacific currently holds the largest share of the
webbing market and is expected to remain the dominant as well as fastest
growing regional market over the forecast period. China, India, and Japan are
major countries contributing to the growth of the webbing market in the region.
Key players operating in the webbing market are Velcro Companies, American Cord
& Webbing Co., Oppermann GmbH, Kirameki, MILOS, Ohio Plastics Belting Co.,
Jiangsu Daxin Webbing Co., Ltd, and Narrowtex Australia Pty Ltd. Velcro Companies
leads the global webbing market with a market share of over 15% in 2023. The
company offers a wide range of webbing products made of nylon, polyester, and
polypropylene catering to diverse industries. Jiangsu Daxin Webbing is another
prominent player based in China offering high-quality nylon and polyester
webbing.
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