What Has Been the Growth of the Webbing Market So Far?
The webbing market has seen considerable growth due to a variety of factors.
• The size of the webbing market has significantly increased in the past few years. The growth is projected to escalate from $4.35 billion in 2024 to $4.76 billion in 2025, recording a compound annual growth rate (CAGR) of 9.4%.
The historic growth is primarily due to the applications in military and defense, outdoor and adventure sports, safety and rescue gear, the automotive and transportation sector, and the fashion and apparel industry.
What Are The Estimated Market Size And Expected Annual Growth Rates For Globa Webbing Market?
The webbing market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for webbing is predicted to experience a quick surge in the coming years, with an increase to $6.99 billion in 2029 at a compound annual growth rate (CAGR) of 10.1%.
The growth during the projected period can be credited to the rise in e-commerce demand, the growth of the outdoor recreation market, improved safety standards, advancements in materials and design, and the adoption of sustainable and eco-friendly processes. During this forecasted period, there will be key trends such as an increase in e-commerce platforms, manufacturing sustainability, a rise in demand for webbing in the military sector, technological advances in intelligent textiles, and the ability to withstand extreme environmental conditions.
Which Factors Are Boosting Growth In The Webbing Market?
The webbing market is experiencing growth due to a rising demand for automobiles. The utilization of webbing in the manufacture of car components such as seat belt handles, safety harnesses, airbag catch bags, and to secure car batteries, as well as reduce exhaust pipe hanger movement is expected to drive the demand for webbing in the near future. Projected global car sales, according to LMC Automotive findings, are anticipated to hit 111 million by the close of 2032. In addition, it is projected that global new car sales will surge by 15% and commercial vehicle sales by 16% in 2021, according to the Economist Intelligent Unit. Consequently, the expansion of the automotive sector is causing an upturn in the webbing market.
What Are The Key Segments Within The Global Webbing Market?
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
Subsegments:
1) By Nylon: Type 6 Nylon, Type 66 Nylon
2) By Polyester: Regular Polyester, High Tenacity Polyester
3) By Polypropylene: Homopolymer Polypropylene, Copolymer Polypropylene
4) By Carbon Fibers: High-Strength Carbon Fibers, Intermediate Modulus Carbon Fibers
5) By P-Aramid Fibers: Kevlar, Twaron
6) By Ultra-High-Molecular-Weight Polyethylene (UHMWPE): Dyneema, Spectra
7) By Other Products: Cotton, Natural Fibers, Composite Materials
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How Are New Trends Impacting The Size Of The Webbing
One of the prominent trends in the webbing market is the introduction of innovative textile goods which boost efficiency and functionality. For example, in October 2023, GALE Pacific, a manufacturing firm based in Australia, unveiled environmentally friendly materials without PVC. These include Ecobanner, a fabric that can be printed and is fully recyclable, and Apex, a waterproof solution devised for both entertainment and hospitality environments.
Who Are the Key Players in the Webbing Market?
Major companies operating in the webbing market include:
• 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
What are the Regional Insights into the Webbing Market?
Asia-Pacific was the largest region in the webbing market in 2024. 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.
