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Diving into Webbing Market Segments: Insights and Analysis || American Cord & Webbing Company, Belt-tech, Narrowtex, National Webbing Products
Webbing Market
The Business Research Company's Webbing Global Market Report 2023 identifies the increase in demand for automobiles is the major driver for the webbing market's growth in the forecast period. Growing usage of webbing in the automotive industry for the production of seat belt handles, safety harnesses, airbag catch bags, and attach car batteries, to limit the movement of exhaust pipe hangers is likely to boost the demand for webbing in coming years. According to LMC Automotive estimates, global car sales are predicted to reach 111 million by the end of 2032
The global webbing market size grew from $3.63 billion in 2022 to $3.95 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global webbing is expected to grow to $5.44 billion in 2027 at a CAGR of 8.4%.
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Major competitors in the webbing market are American Cord & Webbing Company, Belt-tech, Narrowtex, National Webbing Products, Tennessee Webbing Products, Ohio Plastics, Universal Webbing Products, Jiangsu Daxin Webbing, Inka Oy.
A key trend in the webbing market includes launch of advanced textile products that increase functionality and productivity. For instance, in March 2020, Bally Ribbon Mills, a US-based company that provides the development of highly specialized engineered woven fabrics innovated a durable product with E-webbing and thermoplastic composite materials (TPMC). The new textile products have superior features like lightweight, and abrasion resistance that is ideal for electronic transmission data and energy storage. These advanced textiles are used in parachutes, chemically resistant webbing, and personal protective equipment.
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The webbing market 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
4) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the webbing market.
The Business Research Company's "Global Webbing Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Webbing Market Include:
1. Executive Summary
2. Webbing Market Characteristic
3. Webbing Market Trends And Strategies
4. Webbing Market - Macro Economic Scenario
5. Webbing Market Size And Growth
……………
27. Webbing Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Webbing Market
29. Webbing Market Future Outlook And Potential Analysis
30. Appendix
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