Webbing Global Market Report 2024

Webbing refers to strong, tightly woven cloth that is thin and commonly used for straps or upholstery. It is highly versatile and can replace materials such as steel wire, rope, or chain in various applications. Webbing is used in products such as belts, straps, seat belts, and airbags, and finds applications in furniture manufacturing, military gear, automotive safety equipment, parachuting, and other industries.

The main types of webbing include nylon, polyester, polypropylene, carbon fibers, para-aramid fibers, and ultra-high molecular weight polyethylene (UHMWPE). Nylon webbing is known for its high strength and has a stretch capacity of around 2% of its length. Polyester webbing is favored for its exceptional strength, with each inch capable of bearing between 3,000 and 6,000 pounds. Polypropylene webbing is lightweight and easy to clean, used in diverse applications such as dog collars, leashes, luggage, health-related products, sporting goods, and tote bags. Carbon fiber webbing is employed to reinforce and stabilize foundation walls due to its low thermal expansion, high-temperature tolerance, chemical resistance, low weight, high tensile strength, and stiffness, making it suitable for military and sporting goods applications. Para-aramid fibers find use in flame-resistant and heat-protective clothing, helmets, body armor, composite materials, air filter fabrics, ropes, optical fiber cables, sailcloth, sporting equipment, drumheads, reinforced concrete, and thermoplastic pipes. Ultra-high molecular weight polyethylene (UHMWPE) is a strong, light, and thin webbing made from traditional fibers, ideal for applications requiring high strength and low stretch, particularly in environments where corrosion is a concern. These webbings are utilized across various industries, including automotive, military, industrial, sporting goods, and others.

The webbing market research report is one of a series of new reports from The Business Research Company that provides webbing market statistics, including the webbing industry's global market size, regional shares, competitors with a webbing market share, detailed webbing market segments, market trends and opportunities, and any further data you may need to thrive in the webbing industry. This webbing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

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, and the automotive and transportation sector, as well as the 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 projected growth in the forecast period is driven by the growing demand for e-commerce, the expansion of the outdoor recreation market, increasing safety standards, innovations in material and design, and the adoption of sustainable and eco-friendly practices. Major trends expected in this period include the expansion of e-commerce channels, a focus on sustainability in manufacturing, a growing demand for webbing in military applications, the integration of technology in smart textiles, and the development of textiles resilient to harsh environmental conditions.

The webbing market is experiencing growth due to heightened demand for automobiles. The automotive industry's increased utilization of webbing in manufacturing seat belt handles, safety harnesses, airbag catch bags, and securing car batteries and exhaust pipe hangers is driving this trend. Projections from LMC Automotive suggest that global car sales will reach 111 million by 2032. Additionally, the Economist Intelligence Unit forecasts a 15% rise in global new car sales and a 16% increase in commercial vehicle sales in 2021. These trends indicate that the automotive sector's expansion is fueling the growth of the webbing market.

The expanding aerospace and defense industry is indeed expected to drive the growth of the webbing market. In the aerospace and defense sector, webbing finds extensive use in applications such as load-bearing straps, harnesses, and restraints, where it enhances structural integrity, safety, and performance in various aircraft and military equipment. The data from the Airspace Industries Association (AIA), indicating significant growth in the aerospace and defense industry with increased sales and exports, highlights the importance of webbing in this sector. As the aerospace and defense industry continues to expand, the demand for high-quality webbing materials is expected to rise, driving the growth of the webbing market.

The emergence of advanced textile products aimed at enhancing functionality and productivity stands as a key trend in the webbing market. For example, in October 2023, GALE Pacific, an Australian manufacturing company, introduced eco-friendly PVC-free materials. Among these innovations are Ecobanner, a printable fabric featuring 100% closed-loop recycling capabilities, and Apex, a waterproof solution specifically designed for use in entertainment and hospitality settings. These product launches highlight the industry's shift towards sustainable and functional textiles, catering to diverse needs while prioritizing eco-consciousness and enhanced performance in various settings.

Major players within the webbing market are directing their focus toward pioneering product materials, such as high-strength carbon fiber, aimed at mitigating environmental impact by creating lighter carbon fiber-reinforced plastic materials. High-strength carbon fiber denotes a type of carbon fiber renowned for its exceptional tensile strength and stiffness. For example, Toray Industries, a prominent Japanese textile industry company, introduced TORAYCA T1200, heralded as the world's highest-strength carbon fiber. This newly developed carbon fiber boasts an impressive tensile strength of up to 1,160 Ksi, surpassing the previous highest-strength carbon fiber, TORAYCA T1100, by more than 10%. Anticipated applications for TORAYCA T1200 span a wide spectrum, ranging from sporting and leisure goods to critical sectors such as aircraft, aerostructures, defense, alternative energy, and consumer products. This innovation holds promise for reducing the environmental impact by offering lighter yet stronger materials across various industries.

In January 2021, Speedtech International, a US company specializing in the manufacturing and fabrication of hook and loop products and specialty fasteners, acquired Toledo Fasteners International for an undisclosed sum. This acquisition is anticipated to enhance Speedtech's capabilities, services, and geographical reach. Toledo Fasteners International, also based in the US, focuses on producing neoprene, hook and loop products, and customized fabricated webbing, complementing Speedtech's offerings and contributing to its growth trajectory.

Major companies operating in the webbing market report are Autoliv Inc., ITW Nexus Advanced Material Components, Jiangsu Daxin Webbing Co. Ltd., Glen Raven Inc., Jacquard Products LLC, NTX Group, Viking Web Corporation, Centrex Plastics LLC, Bally Ribbon Mills, Southern Weaving LLC, BioThane Coated Webbing Corp., Murdock Webbing Company Inc., American Cord and Webbing Co. Inc., Belt Tech Inc., Oppermann Webbing Inc., Advantage Plastic Products Inc., Sturges Manufacturing Inc., Webbing Products Pty Ltd., Tennessee Webbing Products, Narrowtex Pty Ltd., National Webbing Products Co., Ohio Plastics Company, E. Oppermann GmbH, Narricot Industries L.P., Leedon Webbing Co. Inc., Strait Manufacturing Services, Grosgrain and Nylon Webbing Corp., Cotton Webbing Co., Paramount Webbing Inc., Cleveland Webbing Mills Co.

Asia-Pacific was the largest region in the webbing market in 2023. North America is the second-largest market in the webbing market report. The regions covered in the webbing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the webbing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The webbing market consists of sales of jute, rubber, flat webbing, and tubular webbing. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Webbing Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on webbing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for webbing ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The webbing market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 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
• Companies Mentioned: Autoliv Inc.; ITW Nexus Advanced Material Components; Jiangsu Daxin Webbing Co. Ltd.; Glen Raven Inc.; Jacquard Products LLC
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.