Webbing Market - Forecast(2024 - 2030)

Webbing Market size is forecast to reach $5.69 billion by 2030, after growing at a CAGR of 5.3% during 2024-2030. The Webbing is expected to grow at a significant rate due to rise in production of vehicles and increasing safety concerns. Moreover, expansion of the industrial sector and increasing military expenditure will further propel the webbing market. Webbing is a strong fabric woven as a flat strip or tube of varying width and fibres, often used in place of rope. Webbing with UHMWPE (ultra-high-molecular-weight polyethylene) is one of the best webbing tissues. In applications requiring high strength and low stretch, such as applications where corrosion is possible or anticipated, UHMWPE webbings are more strong, lighter and thinner than webbing made from conventional fibers.

The webbing market is witnessing significant growth driven by its versatile applications across various industries, as webbing, a strong woven fabric often made from polyester, nylon, or polypropylene, finds extensive use in sectors such as automotive, military, aerospace, sports and recreation, and safety equipment. Its high tensile strength, durability, and resistance to abrasion make it ideal for applications such as seat belts, harnesses, cargo straps, and military gear. With increasing demand for safety and security measures across industries, the webbing market is expected to continue its upward trajectory in the foreseeable future.

The report: “Webbing Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Webbing Industry.

By Product Type: Polyester, Nylon, Polypropylene, Carbon Fibre, Para Aramid Fibre, Ultra High Molecular Weight Polyethylene, Others

By End Use: Automotive, Sporting Goods, Industrial, Military and Others

By Geography: North America, South America, Europe, APAC, RoW

• APAC dominates the Webbing market owing to growth in automotive and sporting goods industry.

• The carbon fibre segment is expected to register stable growth over the forecast period. Carbon fibre possesses superior properties which makes them suitable for use in military and sporting goods applications.

• Germany and UK primarily cater to demand of webbing in the European market. Due to their increased applications in the automotive industry, polyester and nylon are expected to report rapid growth in the region.

Polyester held the largest share in the Webbing market in 2023. Polyester is a manmade fiber known for its superior properties which makes it suitable for webbing applications where little to no stretch is preferred, such as fall restraint harnesses. There are two basic type of Polyester webbing, flat and tubular webbing identifiable by their shape and distinct physical properties. Flat webbing are available in different breaking strengths and can carry out number of basic application. It is well suited for applications in which material is sewn directly into a larger product. Whereas tubular webbing is a polyester webbing that has an opening allowing the threading of cable and so on. Tubular webbing acts as a protective sleeve and is well suited to handle abrasion.

Polyester webbing also offer high strength ratio, consist low shrink properties and high temperature threshold ideal for outdoor application. The polyester fiber market has grown to such an extent that it represents half of the overall global fiber market. In 2023, the overall consumption of polyester fibers was dominated by polyester yarn, which accounts for about 63% of overall consumption. Most of the demand for polyester is from APAC region where the fast growing automotive and sporting goods has been consuming high amount of polyester.  

Automotive Industry accounts for the highest market share in the global webbing market and is expected to grow with a CAGR of 6% over the forecast period of 2024-2030. The steady rise in demand for vehicles in developing countries such as India and China is expected to aid segment growth over the forecast period. The vehicle seatbelts is one of the major application in automotive for webbing as it possesses high strength properties. According to recently released Global status report on road safety, wearing a seat-belt reduces the risk of a fatality among front seat passengers by 40-50% and among rear-seat passengers by 25-75%. The mandatory laws to equip vehicles with seat belts has upscale the seat belt consumption into automobile. Furthermore, the growth in automotive sector will parallelly upscale the seat belt consumption. Thus, up surging the webbing demand in automotive sector.

The other sector strengthening the webbing market is sporting goods industry. Governments around the world promote sporting activities and encourage participation in sports, which is expected to increase demand for sporting goods over the projected period. Furthermore, increasing numbers of sporting events such as biking, camping and marathons are anticipated over the forecast period to boost consumer demand.

APAC dominated the Webbing market with a share of more than 63%, followed by North America and Europe. Rapid industrialization and expanding automotive industry in APAC is expected to benefit the market. According to JATO Dynamics, the global vehicle sales continue to grow during 2023 fuelled by good economic frame of mind in the U.S, improved indicators in Europe and continued expansion of China’s economy. But in vehicle market, China  managed to open 2023 with 18 million vehicle purchases in the first half. The US and Europe are developed markets with more limited growth potential; South American markets face uncertainty, while African markets remain in the early stages of development positioning APAC for the foreseeable future as the growth area of the automotive sector.

One of the key factors expected to stimulate market growth during the forecast period is the growth of the apparel industry. In the fashion industry, the per capita spending determines the webbing market. Increasing export activities are expected to be a driving factor in the global apparel industry by improving domestic production in developing countries like India and Bangladesh. The increasing demand for quality intimate apparel is further expected to increase the demand for webbing in the upcoming years.

Polyester is one of the major fiber used for manufacturing webbing. Polyester is a synthetic petroleum-based fibre which is made from a carbon-intensive non-renewable resource. Petroleum products are used as feedstock to manufacture fibre which has the ability to harm the environment due to its non-degradable property. It has been estimated that approximately 70 million barrels of oil are used to make polyester each year. Polyester are biodegradable and will remain as it eventually breaks apart in the eco-system. In fact, synthetic clothing is known to be the largest source of micro plastic waste in the oceans because every time it is washed, up to 1900 fibers can be washed from one garment.

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Webbing market. In 2022, the market of Webbing has been consolidated by the top five players accounting for 28.81% of the share. Major players in the Webbing Market are:

1. Adobe’s Acquisition of Figma: On September 15, 2022, Adobe acquired Figma, a web-first collaborative design platform, for an impressive sum of $20 billion in cash and stock. Figma assists developers in constructing graphics on screen and helps designers sketch prototypes more efficiently.

2. India Webbing Market Growth: In India, the webbing market witnessed significant growth. In 2022, the value shipments increased by 28.8% compared to 2022, with a 5.3% CAGR over the period from 2022.