Webbing made with strong woven fiber in shape of tube or flat strip. Major factor driving growth of the global webbing market is increasing use of webbing in seat belts, luggage nets, safety harness, etc. in automotive sector, owing to increasing safety concerns among end-users. However, stringent government regulations against non-degradable webbing may hamper growth of the target market.
Worldwide Webbing Market Performance, Feasibility, Key Players, Consumption Status, Production, Regions, Report 2017-2026
The global webbing market has been segmented on the basis of product type, application, and region. On the basis of product type, the market is segmented into nylon, polymer, carbon fiber, ultra-high-molecular-weight polyethylene (UHMWPE), and p-aramid fiber. Carbon fiber segment is expected to witness significant growth in terms of revenue in the global market, owing to increasing use in aviation sector. Nylon segment is anticipated to witness high growth in terms of revenue, due to its durability and increasing use to make seat belts.
On the basis of application, the market is segmented into defense, automotive, sports goods, industrial, and others. Automotive segment dominates the global market and is expected to witness fast growth in terms of revenue. Increasing demand for passenger cars among consumers is key factor fueling growth of the automotive segment in the global market. Webbing is used to manufacturing of belts, pouches, and packs.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific dominates the global market in terms of revenue, owing to growing manufacturing industry especially in developing countries such as China and India. North America market is expected to witness high growth over the forecast period. Europe market is expected to witness fast growth in terms of revenue in the near future, owing to high investments in automotive and aviation sector in this region.
Key players operating in the global webbing market include American Cord & Webbing Co., Inc., E. Oppermann, Einbeck, Mechanische Gurt- und Bandweberei GmbH, Belt-Tech Products Inc., Narrowtex Australia Pty Ltd, Jiangsu Daxin Webbing Co., Ltd., Ohio Plastics, LLC, National Webbing Products Co., Murdock Webbing Company, Inc., Tennessee Webbing Products, and Bally Ribbon Mills Inc.