Flat Webbing Segment to Dominate North America Webbing Market during 2021-2028
According to a new market research study on “North America Webbing Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast - by Material, Product, End-use and Country,” is expected to reach US$ 327.92 million by 2028 from US$ 230.17 million in 2021. The market is estimated to grow at a CAGR of 5.2% from 2021 to 2028. The report provides trends prevailing in the North America webbing market along with the drivers and restraints pertaining to the market growth. Growth of automotive industry and rise in demand for man-made webbing are the major factors driving the growth of the North America webbing market. However, the stringent government regulations along with high maintenance cost may hinder the growth of North America webbing market.
In case of COVID-19, in North America, especially the US, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of webbing manufacturing activities. Downfall of other chemical and materials manufacturing sectors has negatively impacted the demand for webbing during the early months of 2020. Moreover, decline in the overall fiber and composites manufacturing activities has led to discontinuation of webbing manufacturing projects, thereby reducing the demand for webbing. Similar trend was witnessed in other North America countries, i.e. Mexico, Canada, Panama and Costa Rica. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
The market for North America webbing is segmented into material, product, End-use and country. Based on material, the market is segmented into natural and man-made. In 2020, the man-made segment held the largest share in North America webbing market. Based on product, the North America webbing is divided into flat webbing, tubular webbing, and other products. The tabular webbing segment is expected to be the fastest growing segment over the forecast period. Based on End-use, the market is segmented into aerospace, automotive, military, industrial and safety, fashion accessories, e-textile, sport goods, marine, medical, and others. In 2020, the automotive segment held the largest share in North America webbing market. Based on country, the North America webbing is divided into US, Canada and Mexico. US is expected to be the fastest growing country over the forecast period. Furthermore, in this present scenario of COVID 19 pandemic, the North America webbing market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the North America countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for webbing.
American Cord & Webbing Co. Inc.; Bally Ribbon Mills; Belt-Tech; E. Oppermann GmbH; Murdock Webbing Company, Inc.; Narrowtex Australia; National Webbing Products Co.; Ohio Plastics Belting Co.; Ribbon Webbing Corp and Tennessee Webbing Products are some of the leading companies in the North America webbing market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market
According to a new market research study on “North America Webbing Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast - by Material, Product, End-use and Country,” is expected to reach US$ 327.92 million by 2028 from US$ 230.17 million in 2021. The market is estimated to grow at a CAGR of 5.2% from 2021 to 2028. The report provides trends prevailing in the North America webbing market along with the drivers and restraints pertaining to the market growth. Growth of automotive industry and rise in demand for man-made webbing are the major factors driving the growth of the North America webbing market. However, the stringent government regulations along with high maintenance cost may hinder the growth of North America webbing market.
In case of COVID-19, in North America, especially the US, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of webbing manufacturing activities. Downfall of other chemical and materials manufacturing sectors has negatively impacted the demand for webbing during the early months of 2020. Moreover, decline in the overall fiber and composites manufacturing activities has led to discontinuation of webbing manufacturing projects, thereby reducing the demand for webbing. Similar trend was witnessed in other North America countries, i.e. Mexico, Canada, Panama and Costa Rica. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
The market for North America webbing is segmented into material, product, End-use and country. Based on material, the market is segmented into natural and man-made. In 2020, the man-made segment held the largest share in North America webbing market. Based on product, the North America webbing is divided into flat webbing, tubular webbing, and other products. The tabular webbing segment is expected to be the fastest growing segment over the forecast period. Based on End-use, the market is segmented into aerospace, automotive, military, industrial and safety, fashion accessories, e-textile, sport goods, marine, medical, and others. In 2020, the automotive segment held the largest share in North America webbing market. Based on country, the North America webbing is divided into US, Canada and Mexico. US is expected to be the fastest growing country over the forecast period. Furthermore, in this present scenario of COVID 19 pandemic, the North America webbing market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the North America countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for webbing.
American Cord & Webbing Co. Inc.; Bally Ribbon Mills; Belt-Tech; E. Oppermann GmbH; Murdock Webbing Company, Inc.; Narrowtex Australia; National Webbing Products Co.; Ohio Plastics Belting Co.; Ribbon Webbing Corp and Tennessee Webbing Products are some of the leading companies in the North America webbing market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market
Reasons to buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America webbing market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America webbing market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America webbing market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction
3. Research Methodology
4. North America Webbing Market Landscape
5. North America Webbing Market - Key Market Dynamics
6. Webbing - North America Market Analysis
7. North America Webbing Market Analysis - By Material
8. North America Webbing Market Analysis - By Product
9. North America Webbing Market Analysis - By End - Use
10. North America Webbing Market - Country Analysis
11. Overview - Impact of COVID-19 on North America Webbing Market
12. Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- American Cord & Webbing Co., Inc.
- Bally Ribbon Mills
- Belt-tech
- E. Oppermann GmbH
- Murdock Webbing Company, Inc.
- Narrowtex Australia
- National Webbing Products Co.
- Ohio Plastics Belting Co.
- Ribbon Webbing Corp
- Tennessee Webbing Products
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 108 |
Published | August 2021 |
Forecast Period | 2021 - 2028 |
Estimated Market Value ( USD | $ 230.17 Million |
Forecasted Market Value ( USD | $ 327.92 Million |
Compound Annual Growth Rate | 5.2% |
Regions Covered | North America |