Press release
Automotive Straps Market Forecast By End-use Industry 2016-2026
Global Automotive Straps Market: Drivers and Constraints
The continuous growth in automobile sales across the globe is anticipated to be the primary factor driving the global automotive straps market in the forecast period. With advancement in automotive logistics and growth in transportation sector the need for pull straps used for automobile carriage purposes is presumed to rise. Alongside, the growth in tourism and logistics industry across the world will drive the demand for straps used for fixing luggage in car boots. Accompanying this the rising demand for multifunctional and beautiful car interiors is also expected to fuel the market for straps used in automotive interiors. At the same time the ever changing consumer needs and some technological advancement might counter effect the growth in the conventional straps market.
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Global Automotive Straps Market: Segmentation
On the basis of application area, the Global Automotive Straps Market is segmented into:
Carriage/Automotive Pulling
Luggage Compartment
Seats and Seating Systems
Other Interior Application
On the basis of material type, the Global Automotive Straps Market is segmented into:
Polypropylene
Polyester
Polyamide
Others (Rayon, Nylon etc.)
On the basis of elasticity type, the Global Automotive Straps Market is segmented into:
Elastic
Non-Elastic
On the basis of vehicle type, Global Automotive Straps Market is segmented into:
Passenger Vehicles
Compact Size
Mid-Range
Premium
Luxury
Commercial Vehicles
LCV
HCV
On the basis of distribution channel, the Global Automotive Straps Market is segmented into:
OEM
Aftermarket
Global Automotive Straps Market: Regional Outlook
In terms of geography, the global automotive straps market has been divided in to seven key regions including North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Middle East & Africa and Japan. The APEJ nations (especially China) are expected to significantly contribute in the growth of global automotive strap market. With avid economic growth in the Asian nations, rising FDI, cheap labor cost; the growth in automobile manufacturing/transportation as well as consumption is destined to show an impressive increment, in-turn increasing their share of pie in the global automotive straps market. Furthermore owing to the large number of car owners and innumerous logistic activities, North America and European markets are anticipated to protectively hold their majority share in the forecast period. In essence, the global growth in transportation and automotive sector will escalate the global automotive straps market across all the covered regions.
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Global Automotive Straps Market: Key Players
Some of the key players in the automotive straps market are JUMBO-Textile GmbH & Co., Maypole Ltd, Zilmont SRA, Damar Webbing Solutions Limited, Erickson Manufacturing Ltd., Sturges Manufacturing Inc., MISC Products Inc., etc.
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