Webbing Industry Outlook, Growth Prospects and Key Opportunities 2024
Asia Pacific holds largest share for Webbing Market, accounting for almost 65% share of the global revenue. Rising usage of webbing for seatbelts is likely to act as an opportunity for the Webbing Market in the next eight years.
Asia Pacific holds largest share for Webbing Market, accounting for almost 65% share of the global revenue. Rising usage of webbing for seatbelts is likely to act as an opportunity for the Webbing Market in the next eight years.
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<strong>Webbing</strong> Market - Global <strong>Industry</strong><br />
Analysis, Size, Share, <strong>Growth</strong>, Trends<br />
<strong>and</strong> Forecast 2016 - <strong>2024</strong><br />
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REPORT DESCRIPTION<br />
<strong>Webbing</strong> Market: Overview<br />
<strong>Webbing</strong> is a strong woven fabric made from cotton, flax, polypropylene, nylon, <strong>and</strong> polyester tubes or strips of<br />
various sizes. It is used widely in furniture, sporting goods, automotive <strong>and</strong> racing safety equipment, apparel,<br />
military, transportation, hardware, pet collars, <strong>and</strong> leashes. <strong>Webbing</strong> is also employed in towing, climbing,<br />
parachuting, load securing, <strong>and</strong> slacklining. Of late, polymers with exceptionally high tensile strength such as ultrahigh-molecular-weight<br />
polyethylene (UHMWPE), Kevlar, Dyneema, aramid synthetic fibers, <strong>and</strong> Vectran (high<br />
performance multifilament yarn) are being used in the manufacture of webbing. Polyester is primarily used in the<br />
manufacture of webbing owing to better results as compared to the currently available alternatives. Owing to U.V<br />
resistance, polyester made webbing can be applied for outdoor purposes as well. Properties of webbing can be<br />
controlled depending upon the type of substance used for manufacturing. <strong>Webbing</strong> can be classified into two types:<br />
flat webbing <strong>and</strong> tubular webbing. Flat webbing is a solid weave used in straps of backpacks, rucksacks, <strong>and</strong> seat<br />
belts. Tubular webbing is a flattened tube used in industrial <strong>and</strong> climbing applications. <strong>Webbing</strong> products are<br />
employed in industrial purposes for applications such as welding, cutting, etching, rivets, prototyping, lifting<br />
webbing, tie-down webbing, <strong>and</strong> printing.<br />
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<strong>Webbing</strong> Market: Trends <strong>and</strong> <strong>Opportunities</strong>
<strong>Webbing</strong> applications can be classified into sporting goods, automotive <strong>and</strong> transport, furniture, military, bags <strong>and</strong><br />
canvas, footwear, <strong>and</strong> industrial. automotive, transport, <strong>and</strong> military applications are anticipated to dominate the<br />
webbing market till 2023. Bags <strong>and</strong> canvas is expected to experience decent growth during the forecast period due<br />
to expansion in shipping <strong>and</strong> storage industries. Rising usage of webbing for seatbelts is projected to drive the<br />
automotive market during the forecast period. The usage of seat belts is rising due to increasing safety concerns.<br />
This is likely to act as an opportunity for the webbing market in the next eight years. However, implementation of<br />
strict environmental regulations regarding the usage of non-biodegradable substances in the manufacture of<br />
webbing is a challenge. This is projected to act as restraint during the forecast period. Extensive research <strong>and</strong><br />
development is being conducted to find out better raw materials with enhanced properties. This will help in<br />
increasing the number of applications. The webbing market is expected to experience decent growth due to increase<br />
in industrial activities.<br />
<strong>Webbing</strong> Market: Geographical <strong>and</strong> Competitive Dynamics<br />
Asia Pacific was the largest market for webbing, accounting for almost 65% share of the global revenue in 2014.<br />
Expansion in end-user industries such as automobile <strong>and</strong> sporting goods is driving the webbing market in Asia<br />
Pacific. <strong>Growth</strong> in industrial applications <strong>and</strong> rising safety concerns in the military sector are estimated to propel the<br />
webbing market in North America, Latin America, <strong>and</strong> Africa. The webbing market in Brazil, Mexico, China, <strong>and</strong> India<br />
is expected to register growth owing to increase in industrial activities. The European New Car Assessment<br />
Programme (Euro NCAP) has resulted in the installation of seat belts <strong>and</strong> other safety straps in automobiles. This is<br />
driving the webbing market. Increase in manufacturing activities <strong>and</strong> growth in the automobile industry in Germany<br />
<strong>and</strong> Italy are other factors augmenting the webbing market in Europe.
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<strong>Key</strong> manufacturers of webbing include E. Oppermann GmbH, Narrowtex Australia Pty Ltd, BioThane, Jiangsu Daxin<br />
<strong>Webbing</strong> Co., Ltd, Universal <strong>Webbing</strong> Products Co., Ltd, National <strong>Webbing</strong> Products Co, Tennessee <strong>Webbing</strong> Products,<br />
Ohio Plastics Belting Co., <strong>and</strong> Southern Weaving Company. The webbing market is characterized by intense<br />
competition among companies striving to gain maximum market share by launching innovative products with<br />
superior properties.<br />
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical<br />
data, <strong>and</strong> verifiable projections about market size. The projections featured in the report have been derived using<br />
proven research methodologies <strong>and</strong> assumptions. By doing so, the research report serves as a repository of analysis<br />
<strong>and</strong> information for every facet of the market, including but not limited to: Regional markets, technology, types, <strong>and</strong><br />
applications.<br />
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