Cargo Belt Market: An Overview

Globalization leads to the need for transportation of goods over the longer distance. This will drive the demand for cargo belts in the logistics & transportation industry. During the transportation of goods, about one-fourth of the accidents occurred due to poor handling of goods, which can be avoided by using the cargo belt. They are used in light and heavy lorries, trailers trucks, ships, and air crafts. Cargo belt provides high strength which can hold pallet loads, crates, and other bulky items and also secures the goods. They are safe to use and are moisture resistant. Cargo belt used in industries such as automobile, logistics & transportation. External-damage of goods can be avoided by using cargo belt. These belts come in different sizes, width, & lengths according to the product to be carried, which can be readily available. Cargo belt can be used in various combinations to handle and fasten cargo effectively. Cargo belt has three parts - a belt, a main frame and a rivet frame which provides high utility due to its high flexibility. Cargo belt have emerged as a cost-effective and highly efficient load-bundling & packaging solution. Cargo belt has also been beneficial to lift goods for storage or transportation.

Cargo Belt Market: Dynamics

Improperly packed goods while transporting can lead to fatal accidents, loss of lives, and can cause an environmental hazard. Cargo belt provides a solution for safe transportation of goods by attaining minimal shifting. Cargo belt is lightweight, portable, and compact which assist smooth operations. Cargo belt has a different final fitting, which makes very cargo belt specific for certain goods. The machine often has a technical failure, cargo belt is incorporated by a machine which can fail to perform secure transportation, this can be avoided by conducting a visual and operational inspection before final use.

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There was an invention to create a favorable cargo belt for consumers.

For instance-

  • In April 2014, a Dunedin engineer Barry Armour invented a cargo belt which involved ratchet tie-downs and solves the age-old problems in which loading ratchet allowed the strap to be loaded into the side of the ratchet, rather than being threaded through.

Cargo Belt Market: Segmentation

On the basis of material type, the cargo belt market has been segmented into:

  • Metal
  • Polyester

On the basis of bundling strength, the cargo belt market has been segmented into:

  • Upto 1 Tons
  • 1-5 Tons
  • 5-10 Tons
  • Above 10 Tons

On the basis of the final fitting, the cargo belt market has been segmented into:

  • Pointed hook
  • Triangle hook
  • Claw hook
  • Snap hook

On the basis of end-use applications, the cargo belt market has been segmented into:

  • Trailer Trucks
  • Ships
  • Air crafts
  • Lorries

Cargo Belt Market: Regional Outlook

Countries such as Japan and China in the Asian region have the highest number of transportation service and vehicles, and therefore, the market for Cargo belt is expected to rise. The Cargo belt market in developed countries such as the U.S., Italy, and the UK is expected to have positive growth during the forecast period. It attributed to the high demand for cargo belt due to the modernization, consumers need goods which are to be transported over long distances. Increasing cargo belt demand drives Cargo belt market in developing countries such as India, China, etc. 

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Cargo Belt Market: Key Players

  • Hangzhou Mike Lifting Equipment Co., Ltd.
  • Linyi Leiao Trading Co., Ltd.
  • G. Enterprises
  • VRL Enterprises
  • Barkat Packaging
  • Qingdao Superior Industrial Co., Ltd.
  • Far Europe Holding Limited
  • H-Lift Industries Co., Ltd.
  • Zhejiang All-Lifting Co., Ltd.
  • Chongqing Deso Lifting Co., Ltd.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

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The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

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