Webbing Market To Reach $5.68 Billion By 2030 | CAGR: 4.4%

Webbing Market Growth & Trends

The global webbing market size is expected to reach USD 5.68 billion by 2030, registering a CAGR of 4.4% from 2024 to 2030, according to a new report by Grand View Research, Inc., Rising production of automotive vehicles and demand for passenger vehicles globally are key factors triggering market growth.

Nylon-based webbing is commonly used in all automotive belt applications due to high elasticity of the material. Polyester webbings are used in racing cars as they provide improved elasticity and strength under load. Continued application of the product in the automotive sector is anticipated to be a crucial driver for market growth. Global passenger vehicle production increased by nearly 4.9% from 2015 to 2016. Therefore, growth in automotive vehicle production is likely to positively influence product demand over the forecast period.

Webbings are strong fabrics woven in the form of a tube or a flat strip. They are made of nylon, polypropylene, ultra-high-molecular-weight-polyethylene, para-aramid synthetic fiber, polyester, carbon fiber, cotton, and jute.Some of the major manufacturers of webbing are E. Oppermann GmbH; American Cord & Webbing Co., Inc. (ACW Co., Inc.); Belt-tech, Narrowtex Australia Pty Ltd.; National Webbing Products; Murdock Webbing Company, Inc.; and Bally Ribbon Mills.

In recent years, the webbing market has witnessed increasing prominence of Chinese vendors. These vendors are capitalizing on domestic demand in China due to increased government spending on automotive, aerospace, and transport infrastructure. Manufacturers in the country have grown at an exponential rate, investing robustly in expansion of factory facilities. Therefore, increasing prominence of Chinese vendors is likely to further intensify competition in the global webbing market.

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Webbing Market Report Highlights

• Carbon fibers led the market with a revenue share of 27.9% in 2023. Webbing’s exceptional tensile strength, five times stronger than steel, makes it an ideal material for manufacturing.

• Automotive applications dominated the webbing market with a market share of 34.0% in 2023. Stringent regulations on safety by governments worldwide have driven the adoption of automotive webbing applications.

• Asia Pacific webbing market dominated the global webbing market with a revenue share of 66.3% in 2023. The region has experienced rapid industrialization and economic growth over the past few decades, driven by the emergence of China, India, and other Southeast Asian countries as manufacturing hubs.

Webbing Market Segmentation

Grand View Research has segmented the global webbing market on the basis of on product, application, and region:

Webbing Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Polyester

• Nylon

• Polypropylene

• Carbon Fibers

• Para Aramid Synthetic Fibers

• UHMWPE

• Others

Webbing Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Automotive

• Sporting Goods

• Furniture

• Military

• Others

Webbing Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Italy

  • Spain

  • Germany

  • France

• Asia Pacific

  • China

  • Japan

  • India

• Latin America

  • Brazil

  • Argentina

• MEA

  • Saudi Arabia

  • South Africa

List of Key Players in the Webbing Market

• National Webbing Products Co.

• American Cord & Webbing Co., Inc.

• American Webbing and Fittings, Inc.

• E. Oppermann GmbH

• Leedon Webbing

• Sturges Manufacturing Co., Inc.

• Murdock Webbing Company, Inc.

• Webbing Products Pty Ltd.

• Dun & Bradstreet, Inc.