Press release
Velcro Market Size, Share, Development by 2024
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Velcro (Hook & Loop) consists of two components: typically, two lineal fabric strips (or, alternatively, round "dots" or squares) which are attached (sewn or otherwise adhered) to the opposing surfaces to be fastened. The first component features tiny hooks, the second features smaller loops. When the two are pressed together the hooks catch in the loops and the two pieces fasten or bind temporarily. When separated, by pulling or peeling the two surfaces apart, the strips make a distinctive "ripping" sound.
Scope of the Report:
For industry structure analysis, the Velcro (Hook & Loop) industry is relatively scattered. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The leading players are Velcro Inc, 3M, APLIX Inc., Kuraray Group and YKK, which accounting for about 44% market share in term of revenue in 2018.
In the future, the global Velcro (Hook & Loop) revenue would keep increasing with annual growth rate with 4~6%. We tend to believe that this industry still has a good future, considering the current demand of Velcro (Hook & Loop). And China will be more and more important in the industry, due to the high speed of all kinds of industries development.
The worldwide market for Velcro (Hook & Loop) is expected to grow at a CAGR of roughly 4.7% over the next five years, will reach 2671.6 million US$ in 2024, from 2120.7 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Velcro (Hook & Loop) in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
Velcro
3M
APLIX
Kuraray Group
YKK
Paiho
Jianli
Heyi
Binder
Shingyi
Lovetex
Essentra Components
HALCO
Krahnen&Gobbers
Dunlap
DirecTex
Jieji
Tesa
ISHI-INDUSTRIES
Siddharth Filaments
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Nylon
Polyester
Other
Market Segment by Applications, can be divided into
Footwear & Apparel
Transportation
Industrial Manufacturing
Medical
Other
For More Information On This Report, Please Visit @
https://www.globalinforesearch.com/global-velcro-hook-loop-market_p108753.html
Related Information:
North America Velcro Market Growth 2019-2024
United States Velcro Market Growth 2019-2024
Asia-Pacific Velcro Market Growth 2019-2024
Europe Velcro Market Growth 2019-2024
EMEA Velcro Market Growth 2019-2024
Global Velcro Market Growth 2019-2024
China Velcro Market Growth 2019-2024
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