Global Webbing Market 2019-2023

The global webbing market size will grow by USD 1.25 billion during 2019-2023. This market report provides a detailed analysis of the market by end-users (apparel, automotive, and other end-users) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors including American Cord & Webbing Co. Inc., American Webbing and Fittings Inc., Bally Ribbon Mills, Belt-Tech Product Inc., and Murdock Webbing Co. Inc.

To identify growth opportunities in the webbing market, the market has been segmented into regions that are growing faster than the overall market. These regions have been pitted against regions that have a slower growth rate than the global market in 2018-2023. APAC will grow faster than the overall market. The growth of Europe, MEA, North America, and South America will be slower than the global market.

Some of the key findings from our webbing market forecast report are summarized below

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Global webbing industry overview

Fueled by the rising number of trade agreements between countries, there is an increase in containerized sea-borne and air-borne trade. The Trans-Pacific Partnership in 2018 and the growing economy of Asian countries further contribute to the rise in containerized trade. This has created the demand for strapping equipment such as strapping machines which facilitate the smooth transportation of containerized goods and reduces the risk of product damage during transportation. As a result, the demand for webbing will also grow as it is used as a strapping material for netting cargo. The rise in global containerized cargo trade will be one of the significant factors that will drive webbing market growth during the forecast period.

Several established apparel retailers are adopting the non-replenishment approach in their procurement model to increase their market share. This will enable retailers to restock their inventory more than 11-12 times a year thereby allowing them the flexibility to change their inventory according to the latest trends and demands. The non-replenishment approach will lead to frequent requirements from apparel retailers. As a result, the demand for webbing materials, such as elastic materials will also grow. This will be a critical trend that will have a positive impact on the webbing market, fueling the market growth at a CAGR of over 6% during the forecast period.

Top webbing companies covered in this market research report

The global webbing market is concentrated. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this webbing market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.

The report offers a detailed analysis of several webbing companies, including:

• American Cord & Webbing Co. Inc.
• American Webbing and Fittings Inc.
• Bally Ribbon Mills
• Belt-Tech Product Inc.
• Murdock Webbing Co. Inc.

Webbing market segmentation based on end-users

• Apparel
• Automotive
• Other end-users

The apparel segment will account for the largest webbing market share. The growing demand for elastic webbing in the lingerie industry will drive the growth of the webbing market in this segment.

Webbing market segmentation based on geographic region

• APAC
• Europe
• MEA
• North America
• South America

North America will account for the largest webbing market share throughout the forecast period. The growth of the electric vehicle market and apparel industries will drive the region’s contribution to the growth of the global webbing market size.

Key highlights of the global webbing market for the forecast years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the webbing market during the next five years
• Precise estimation of the global webbing market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the webbing industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details of factors that will challenge the growth of webbing companies 

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