The Webbing Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s 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, automotive and transportation sector, 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 growth in the forecast period can be attributed to increased demand in e-commerce, expanding outdoor recreation market, rising safety standards, innovations in material and design, sustainable and eco-friendly practices. Major trends in the forecast period include expansion in e-commerce channels, sustainability in manufacturing, demand for webbing in military applications, technological integration in smart textiles, resilience to harsh environmental conditions.
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 belt 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, 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.
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The webbing market covered in this report is segmented –
1) By Product: Nylon, Polyester, Polypropylene, Carbon Fibers, P-Aramid Fibers, Ultra-high-molecular-weight polyethylene (UHMWPE), Other Products
2) By Material: Natural, Man-made
3) By Application: Automotive, Military, Industrial, Sporting Goods, Other Applications
Major companies operating in the webbing market are focusing on developing innovative product materials such as high strength carbon fiber to help reduce environmental impact by creating lighter carbon fiber-reinforced plastic materials. High strength carbon fiber refers to a type of carbon fiber that has a high tensile strength and stiffness. For instance, Toray Industries, a Japan-based textile industry company, launched TORAYCA T1200, which is the world’s highest strength carbon fiber. This new carbon fiber has a tensile strength of up to 1,160 Ksi, which is more than 10% higher than the previous highest strength carbon fiber, TORAYCA T1100. The applications of TORAYCA T1200 are expected to range from sporting and leisure goods to aircraft, aerostructures, defense, alternative energy, and consumer products.
The webbing market report table of contents includes:
1. Executive Summary
2. Webbing Market Characteristics
3. Webbing Market Trends And Strategies
4. Webbing Market – Macro Economic Scenario
5. Global Webbing Market Size and Growth
……
32. Global Webbing Market Competitive Benchmarking
33. Global Webbing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Webbing Market
35. Webbing Market Future Outlook and Potential Analysis
36. Appendix
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