Press release
Tie-down Strap Market Revenue Share, Insights & Future Outlook
Tie-down Strap Market SizeIn 2024, the global market size of Tie-down Strap was estimated to be worth US$ 175 million and is forecast to reach approximately US$ 245 million by 2031 with a CAGR of 5.0% during the forecast period 2025-2031.
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The Asia-Pacific region, especially China and India, are emerging markets with rapidly growing manufacturing and export sectors. The tie-down straps market is expected to continue its growth trajectory, driven by the expansion of the global transportation network and the increasing need for secure and efficient methods to transport goods. The market is also likely to see more innovation in materials and design as companies seek to improve load security, reduce costs, and comply with environmental and safety regulations. There is an increasing focus on innovation in materials and design to enhance the performance and safety of tie-down straps. Environmentally friendly materials and manufacturing processes are becoming more important. Smart tie-down straps that can monitor tension and provide real-time feedback are an emerging trend.
By Type
• Cam Straps
• Over-Center Lever Cam Style Straps
• Ratchet Straps
By Application
• Cam Straps
• Over-Center Lever Cam Style Straps
• Ratchet Straps
Key Companies
Horizon Global Corporation, Keeper, Quickloader, Dolezych, Ancra International, TAURUS, ShockStrap, Smartstraps, Erickson Manufacturing Ltd., Win Chance Metal, AERO NET, Nite lze, GPI Forankra, Chenli Group, Grunt, Jili
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