The webbing market is expected to grow from US$3.845 billion in 2025 to US$4.815 billion in 2030, at a CAGR of 4.60%.
Webbing is a solid woven fabric that comes in flat strips or tubes and can be used as a rope replacement. There are many varieties of webbing available on the market, with various weights, widths, and material combinations.
Webbing is utilised in a variety of applications, including furniture making, parachuting, towing, motor racing, climbing, load fastening, military clothing, slacklining, and automotive safety. Solid-weave fabric is used in backpacks and seat belts. Tubular webbing is utilised in a variety of industrial and climbing applications.
Increased outdoor activities among individuals, increased use of webbing in the automotive sector for the manufacture of airbags, catch belts, seat belts, safety harnesses, rigorous government regulations on seat belts in automobiles, and rising demand for sports goods such as runners, slings, and harnesses are some of the factors projected to drive the growth of the webbing market during the forecast period.
However, several varieties of webbing fabric like polyester are non-biodegradable, and tight government regulations on their use are expected to impede the webbing market’s expansion.
The Asia-Pacific region has the largest market share of the world’s webbing market. The automobile sector, particularly the commercial car segment in countries such as China and India, is driving the demand. According to the Indian Brand Equity Foundation, India was the fifth-largest auto market in 2020, with 3.49 million passenger and commercial cars sold combined. In 2019, it was the sixth-largest commercial vehicle manufacturer. Significant demand from the industrial sector, particularly for furniture and athletic equipment, is driving the increase in demand in the Asia-Pacific region. Rapid industrial growth is a plus for the regional webbing market.
North America employs webbing in its military and defence forces. Due to improved application development, this region is expected to exhibit great growth prospects in the forecasted period. According to the Stockholm International Peace Research Institute (SIPRI), the United States' military and defence spending in 2020 is expected to reach $778 billion, a 4.4% increase over 2019. The United States, as the world's largest military and defence spender, contributed 39% of global military spending in 2020. Increased military expenditure is expected to drive the web market.
The increased usage of webbing in the automobile sector for the manufacture of airbags, safety harnesses, catch belts, seat belts, and baggage nets is driving the growth of the global webbing market. The nationwide usage rate of seat belts was 90.3 percent in 2020, according to the National Highway Traffic Safety Administration of the United States Department of Transportation. The government’s regulations on safety belts had a favourable influence on the webbing market. Thus, growth in demand for commercial automobiles is one of the driving forces. Demand for athletic wear like slings, runners, and harnesses, as well as increasing outdoor activities, is also driving the webbing market.
Environmental concerns and regulatory laws regarding certain non-biodegradable and synthetic webbings and their use are a key impediment to the global webbing market. Polyester is the most commonly used fibre in the production of webbing as well as on the planet. According to the Textile Exchange 2020 report, polyester accounted for roughly 52 % of global fibre production in 2019, with an annual production of over 57.7 million mt. Polyester is a synthetic petroleum-based fibre manufactured from a non-renewable carbon-intensive feedstock. Recycled polyester made from PET plastic bottles makes up only 14% of global polyester production as of 2019. Petroleum products used as raw materials in the production of fibre have the potential to harm the environment due to their non-biodegradability. Each year, it is estimated that approximately 70 million barrels of oil are used to manufacture polyester. The majority of polyester fabrics are non-biodegradable because, depending on the environment, most polyesters take 20 to 40 years to decompose.
Market Segmentation