Press release
Webbing Market Size, Growth And Outlook Report 2024 To 2033
The new report published by The Business Research Company, titled ""Webbing Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, the webbing market size has grown strongly in recent years. It will grow from $4 billion in 2023 to $4.38 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The webbing market size is expected to see strong growth in the next few years. It will grow to $6.28 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%.
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Impact Of Automotive Industry Expansion On The Webbing Market
An increase in demand for automobiles is contributing to the growth of the webbing market. 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. Moreover, according to the Economist Intelligent Unit, global new car sales will rise by 15% and commercial vehicle sales will increase by 16% in 2021. Therefore, the expansion of the automotive sector is boosting the growth of the webbing market.
Gale Pacific's Pioneering Launch Of PVC-Free Textile Innovations
The launch of advanced textile products that increase functionality and productivity is a key trend in the webbing market. For instance, in October 2023, GALE Pacific, an Australia-based manufacturing company, launched eco-friendly PVC-free materials, such as Ecobanner, a printable fabric with 100% closed-loop recycling capabilities, and Apex, a waterproof solution designed for entertainment and hospitality settings.
The webbing market covered in this report 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
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Major companies operating in the webbing market report are Autoliv Inc., ITW Nexus Advanced Material Components, Jiangsu Daxin Webbing Co Ltd., Glen Raven Inc., Jacquard Products LLC, NTX Group, Viking Web Corporation, Centrex Plastics LLC, Bally Ribbon Mills, Southern Weaving LLC, BioThane Coated Webbing Corp, Murdock Webbing Company Inc., American Cord and Webbing Co Inc., Belt Tech Inc., Oppermann Webbing Inc., Advantage Plastic Products Inc., Sturges Manufacturing Inc., Webbing Products Pty Ltd., Tennessee Webbing Products, Narrowtex Pty Ltd., National Webbing Products Co, Ohio Plastics Company, E. Oppermann GmbH, Narricot Industries L.P., Leedon Webbing Co Inc., Strait Manufacturing Services, Grosgrain and Nylon Webbing Corp, Cotton Webbing Co, Paramount Webbing Inc., Cleveland Webbing Mills Co
Contents of the report:
1. Executive Summary
2. Webbing Market Report Structure
3. Webbing Market Trends And Strategies
4. Webbing Market - Macro Economic Scenario
5. Webbing Market Size And Growth
…..
27. Webbing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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https://www.thebusinessresearchcompany.com/report/webbing-global-market-report
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The Business Research Company
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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