Global Webbing Market Trends And Strategies Of Major Players In The Webbing Market 2021-2030
26 Jul, 2021
The webbing market consists of sales of webbing products by entities (organizations, sole traders, and partnerships) that are engaged in webbing products to be used in belts, straps, seat belts, and airbags. Webbing is a strong fabric that is woven as a flat strip with different sizes and fibers and is often used as a replacement for rope. It is commonly used in furniture manufacturing, military apparel, automobile safety, parachuting, and other fields.
Global Webbing Market Size And Drivers:
The global webbing market is expected to grow from $3.11 billion in 2020 to $3.34 billion in 2021 at a compound annual growth rate (CAGR) of 7.43%. The growth in the webbing market is mainly due to the increasing outdoor activities and increased demand from automotive sector. The market is expected to reach $4.57 billion in 2025 at a CAGR of 8.15%. An increase in demand for automobiles is contributing to the growth of the webbing market.
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Trends In The Global Webbing Market
The launch of advanced textile products that increase functionality and productivity is a key trend in the webbing market. For instance, in March 2020, Bally Ribbon Mills, a US-based company that provides the development of highly specialized engineered woven fabrics has innovated a durable product with E-webbing and thermoplastic composite materials (TPMC). The new textile products have superior features like lightweight, abrasion resistance that are ideal for electronic transmission data and energy storage. These advanced textiles are used in parachutes, chemically resistant webbing, and personal protective equipment.
Global Webbing Market Segments:
The global webbing market is further segmented based on product, application and geography.
By Product: Nylon, Polyester, Polypropylene, Carbon Fibers, P-Aramid Fibers, Ultra-High-Molecular-Weight Polyethylene (UHMWPE), Others
By Application: Automotive, Military, Industrial, Sporting Goods, Others
By Geography: The global webbing market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the webbing market in 2020.
Read More On The Report For The Global Webbing Market At:https://www.thebusinessresearchcompany.com/report/webbing-global-market-report
Webbing Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides webbing market overviews, analyzes and forecasts market size and growth for the global webbing market, webbing market share, webbing market players, webbing market segments and geographies, webbing market’s leading competitors’ revenues, profiles and market shares. The webbing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.