Webbing Market to Grow at a CAGR of 5.1% to reach US$ 1745.84 Mn Million from 2021 to 2028

Webbing Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Material (Natural and Man-Made), Product (Flat Webbing, Tubular Webbing and Others), and End Use (Aerospace, Automotive, Military, Industrial and Safety, Fashion Accessories, E-Textile, Sport Goods, Marine, Medical and Others)

Publication Month : Jun 2021

  • Report Code : TIPRE00020354
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 153
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The webbing market is projected to reach US$ 1745.84 million by 2028 from US$ 1,195.35 million in 2020; it is expected to grow at a CAGR of 5.1% from 2021 to 2028.

Webbing is a strong woven fiber available in flat strips or tube form; it is used as a substitute of rope. Conventionally, webbing is produced using cotton and silk, however, polymer, nylon, and polyester are replacing the traditional materials. Webbing is known for its properties such as convenience, tensile strength, and chemical resistance; it can be used as a replacement of steel wires, ropes, or chains in various industrial applications. Webbings are significantly used in military apparels, parachutes, climbing, automotive textile, fire safety gear, military goods, harnesses, packs, hiking gear, and others. Other than this, webbing is extensively used to produce protective equipment for oil & gas workers.

The automotive segment would hold the largest share of the global webbing market, by end use, in 2021. Webbing is a significant component of manufacturing of seat belts, safety harnesses, pull straps; edge binding for convertible tops; straps and binding for luggage nets; catch belts for airbags; and so on. Rise in demand for vehicles in developing economies such as India and China is supporting the growth of the market. According to the Global status report on road safety, the growing important and awareness about wearing a seatbelt to minimize the risk of a fatality among front seat passengers and rear-seat passengers has promoted the demand for webbing.

In 2021, Asia Pacific would account for the largest share of the global webbing market. The dominance of this region in the global market is primarily attributed to the presence of strong industrial sector, including the manufacturing units of several prominent enterprises. The demand for webbing is high in verticals such as automotive, aerospace & defense, industrial and safety, fashion accessories, textile, and sports goods. Further, the rise in investments in the manufacturing sector provides lucrative opportunities for the growth of the webbing market in Asia Pacific. Favorable policies implemented by the government of India such as Atmanirbhar Bharat and Make in India are expected to create sufficient growth opportunities for the diverse industrial bases, which, in turn, would boost the consumption of webbings in the region.

Impact of COVID-19 Pandemic on Webbing Market

As of June 2021, the US, India, Brazil, Russia, the UK, France, Spain, Italy, Turkey, Germany, Colombia, and Argentina are among the worst-affected countries by the COVID-19 pandemic. Measures imposed to contain the disease spread, including lockdown, travel bans, and business shutdowns, have severely impacted economies and industries in several countries. Chemicals & materials is one of the key industries experiencing severe disruptions due to the discontinuation of supply chains and plant operations. The shutdown of manufacturing plants in regions such as North America, Europe, and APAC has hampered the global supply chains, thereby affecting manufacturing processes, distribution schedules, and product sales. The consequences of COVID-19 pandemic have also led to the slowdown of webbing production, demand, and trade. The shutdown of national and international boundaries have affected business development strategies of various companies. However, with the economies planning to revive their operations, relaxing lockdown measures, and conducting mass vaccination drives, the webbing market is likely to bounce back in the coming months.

Webbing Market



Webbing Market
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Market Insights

Rise in Demand for Man-Made Webbing Contributes Significantly to Webbing Market Growth

The demand for man-made webbing has significantly risen more significantly than in comparison to natural webbing materials. Aramid fibers, polybenzoxazole, polyester, polypropylene, and nylon are the several types of man-made synthetic materials used in webbing. Polyester is known for its various outstanding characteristics such as high tensile strength and, resistance toward water, abrasion and ultraviolet deterioration, easy in maintenance along with, resistance toward water, abrasions, and ultraviolet radiations, stretching, and shrinkage, resistance, and chemicals resistance. Therefore, amongst the other types of man-made webbing material, the use of polyester-based webbings is being used in has been extended across a diversified range of application bases such as marine fabric applications, bag handles, sail ties, and support straps. Moreover, slings made up of from synthetic polyester (fiber material) are comparatively lighter in weight than both wire rope and chain slings. Other than polyester, the demand for nylon is high owing to its better elasticity than other materials. Nylon-based webbings are being used Such property has enabled its use in numerous end-use applications such as airbags, seat belts, safety harnesses, and luggage nets, among others. Also, Remarkable features of carbon fibers have several features such as include limited thermal expansion, coupled with tolerance toward extreme temperature tolerance conditions, chemical resistance, high with tensile strength, and light low weight, and high tensile strength, which make them it an ideal webbing material. The carbon fiber-based webbings are used  to be used in military and sporting goods.

Material Insights

On the basis of material, the webbing market is segmented into natural and man-made. The man-made segment is currently dominating the market, in terms of revenue share. The market growth of this segment is credited to lower prices and better availability of man-made materials used in webbing production. These materials include polyester, nylon, polypropylene, aramid fibers, polybenzoxazole, liquid crystal polymer yarn, and high-modulus polyethylene. Polyester webbing is commonly utilized in applications requiring low to high load-bearing capacities. Due to its superior fade resistance, polyester webbing is increasingly used in maritime fabric applications such as support straps, sail ties, and bag handles. In addition, polyester is well-known for its superior properties such as quick-drying, easy cleaning, and high tensile strength as well as resistance to ultraviolet deterioration, water, abrasions, stretching, shrinkage, chemical exposure, and mildew growth.

Product Insights

Based on product, the webbing market is categorized into flat webbing, tubular webbing, and other product. The flat webbing segment is currently dominating the market, in terms of revenue share. Flat webbing, often known as flat rope, is made of solidly woven fibers and is available in various thicknesses and widths. Flat webbing works effectively in applications where the material can be woven into a larger product, such as backpack straps, seatbelts, and reinforcing bindings. It is usually stiffer than tubular textiles.

End Use Insights

Based on end use, the webbing market is segmented into aerospace, automotive, military, industrial and safety, fashion accessories, e-textile, sport goods, marine, medical, and others. The aerospace segment is currently dominating the market, in terms of revenue share. The development and use of webbing have revolutionized the aerospace industry. Features of woven webbing such as high-performance and low weight help to meet rigorous industry standards applicable for the aerospace industry. The woven webbing also confer benefits such as heat, chemical rot and abrasion resistance, and easy cleaning to the aerospace applications. Further, the specialized narrow fabrics, 2D and 3D thermoset, thermoplastic fabrics, and novel e-webbings are suited for meeting specific strength requirements of the industry. In addition, the materials are widely used in crucial aerospace applications such as parachutes, cargo restraint systems, and seating, as well as in a few interior applications such as crew safety system components, flight suits, air slides, seatbelts, and flotation devices.

Webbing Market, by End-Use – 2021 and 2028



Webbing Market, by End-Use – 2021 and 2028
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Webbing Market: Strategic Insights

webbing-market
Market Size Value inUS$ 1,195.35 Million in 2020
Market Size Value byUS$ 1745.84 Million by 2028
Growth rateCAGR of 5.1% from 2021-2028
Forecast Period2021-2028
Base Year2021
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Shejal

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A few of the major key players operating in the webbing market are American Cord & Webbing Co, Inc.; Belt-tech; E. Oppermann GmbH; Narrowtex Australia; and National Webbing Products Co. These market players are highly focusing on the development of high-quality and innovative product offerings.

Report Spotlights

  • Progressive webbings industry trends to help players develop effective long-term strategies
  • Business growth strategies adopted by the webbing market players in developed and developing markets
  • Quantitative analysis of the market from 2019 to 2028
  • Estimation of global demand for webbings
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
  • Recent developments to understand the competitive market scenario
  • Market trends and outlook as well as factors driving and restraining the growth of the webbings market
  • Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
  • Detailed overview and segmentation of the market, as well as the webbings industry dynamics
  • Size of the webbings market in various regions with promising growth opportunities

Webbing Market, by Material

  • Natural
  • Man-Made

Webbing Market, by Product

  • Flat Webbing
  • Tubular Webbing
  • Others

Webbing Market, by Product

  • Aerospace
  • Automotive
  • Military
  • Industrial and Safety
  • Fashion Accessories
  • E-Textile
  • Sport Goods
  • Marine
  • Medical
  • Others

Company Profiles

  • American Cord & Webbing Co., Inc.        
  • Bally Ribbon Mills
  • Belt-tech
  • E. Oppermann GmbH
  • Murdock Webbing Company, Inc.
  • Narrowtex Australia
  • National Webbing Products Co.
  • Ohio Plastics Belting Co.
  • Ribbon Webbing Corp
  • Tennessee Webbing Products
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Material , Product , and End Use

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Can you list some of the major players operating in the global webbing market?

The major players operating in the global webbing market are H AMERICAN CORD & WEBBING CO., INC.; BALLY RIBBON MILLS; BELT-TECH; E. OPPERMANN GMBH; MURDOCK WEBBING COMPANY, INC.; NARROWTEX AUSTRALIA; NATIONAL WEBBING PRODUCTS CO.; OHIO PLASTICS BELTING CO.; RIBBON WEBBING CORP; TENNESSEE WEBBING PRODUCTS; and among others.

Which region held the largest share of the global webbing market?

In 2020, Asia Pacific contributed to the largest share in the global webbing market. The dominance of the webbing market in this region is primarily attributable to the presence of strong industrial base with prominent manufactures significantly contributing to market growth. High demand of webbing from applications such as automotive, aerospace and defense, industrial and safety, fashion accessories, textile, sport goods and other industries backed by significant growth in end-use industrial bases is stimulating the demand for webbing in regional market. The rise in investment in manufacturing sector across economies further, provides lucrative opportunities for the growth of the webbing market in Asia Pacific.

Based on end-use, why automotive segment accounted for the largest share in the global webbing market?

Automotive segment held the largest share in the global webbing market in 2020. Webbing is significantly used in preparation of production of seat belts, safety harnesses, pull straps, edge binding for convertible tops, straps and binding for luggage nets, catch belts for airbags and other such products in automotive industry. Rise in demand for vehicles in developing economies such as India and China are expected to proliferate the growth of the market. For instance, according to Global status report on road safety, the rising focus towards wearing a seatbelt to minimize the risk of a fatality among front seat passengers and rear-seat passengers has promoted the demand for webbing. Additionally, the significant growth in automotive industry is expected to complement the growth of webbing market.

The List of Companies - Webbing Market

  1. AMERICAN CORD & WEBBING CO., INC
  2. BALLY RIBBON MILLS
  3. BELT-TECH
  4. E. OPPERMANN GMBH
  5. MURDOCK WEBBING COMPANY, INC.
  6. NARROWTEX AUSTRALIA
  7. NATIONAL WEBBING PRODUCTS CO.
  8. OHIO PLASTICS BELTING CO.
  9. RIBBON WEBBING CORP
  10. TENNESSEE WEBBING PRODUCTS

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

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  • Validates and strengthens in-house secondary research findings
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Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

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Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

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Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

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