Increased manufacturing of passenger vehicle is expected to fuel growth of the global Webbing Market over the next few years. Catch belts for airbags, pull straps for actuation components, edge binding for convertible tops, seat belts, recovery and towing straps, safety harnesses, and straps and binding for baggage nets are all examples of applications for webbing in vehicles.
American Cord & Webbing Co., E. Oppermann GmbH, American Webbing and Fittings, Inc., Murdock Webbing Company, Inc., Leedon Webbing Co., Inc., Oppermann Webbing (Kunshan) Co. Ltd. are some of the companies in the global webbing market.
The global webbing market is expected to grow at 6% CAGR over the forecast period, from 2019 to 2027. Webbing is in high demand in a variety of industries throughout the world. In the next few years, the rise in automobile ownership is expected to enhance demand for automotive textiles, which is likely to augur well for the market..
Driven by Expanding Automobile Industry, Asia Pacific is Expected to Witness Rapid Growth
In terms of region, the global webbing market is classified into the principal regions of Latin America, Middle East and Africa, Asia Pacific, Europe, and North America. It is anticipated that regional classifications would provide a better knowledge of the market dynamics at play at the regional level.
Asia Pacific is likely to come up as one of the dominant regions in the global webbing market during the forecast period, from 2019 to 2027. Driven by high demand from the developing countries such as Malaysia, China, and India, the region is likely to retain its dominance in the years to come. The regional market is expected to be driven by increasing demand for webbing for usage in industries such as military, industrial, and automotive. The market is projected to gain from Asia Pacific's rapid industrialization and flourishing automobile industry. India is expected to have a strong demand for automobiles as a result of rapid industrialization and government assistance for vehicle manufacturing. The support of 100% FDI in the automobile industry is intended to strengthen the manufacturing industry of the country. The UK and Germany account for the majority of demand in Europe. Nylon and polyester are projected to develop quickly in the region as their usage in the automobile sector expands. The expanding technical textile sector in the UK is likely to drive the demand for webbing in Europe.
Use of Advanced Materials to Create High strength Webbing Products to Spell Growth of the Market
Flat webbing is projected to continue to outperform tubular webbing in the webbing industry. Flat webbing is becoming more popular because it has a more immediate reaction, takes up less room, is thinner, it is easier to tension, and is lighter to utilize in slackline jumping tricks, amongst many other benefits. Whilst demand for flat webbing is projected to increase, the demand for tubular webbing is predicted to remain stable. Tubular webbing is becoming more popular due to its softness, durability, and other benefits. Both of these product categories, tabular and flat, are seeing considerable acceptance across a variety of industries, such as aerospace, medical, automotive, and industrial and safety. While webbing is progressively being utilized in the automobile industry to produce seatbelts, manufacturers are primarily concerned with enhancing vehicle comfort.
Webbing is commonly used in the making of automobile seat belts. As a result, the manufacturing of webbing goods is increasing. Advanced materials such as carbon fiber, Dyneema, Technora, Kevlar, and Spectra are being used by leading webbing makers to create high-strength webbing products. Fitness clothing, pet leashes, sporting items, footwear, equestrian saddlery, maritime and yachting equipment, and furnishings all employ webbing in some way or the other. The global webbing market is benefiting from increased demand for these items across the globe
The information shared in this review is based on a TMR report, bearing the title, “Webbing Market (Material - Natural and Man-made; Product - Flat Webbing and Tubular Webbing; and End Use: Aerospace, Automotive, Military, Industrial & Safety, Fashion Accessories, E-textile, Sport Goods, Marine, and Medical) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027”
The global webbing market is segmented based on:
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