Home> Industry News> Industry giants join hands to jointly promote innovation in the field of hoisting and fastening equipment

Industry giants join hands to jointly promote innovation in the field of hoisting and fastening equipment

2025,05,17
Ningbo Yinzhou Junji Rigging Co.,Ltd.  As a powerful enterprise in the industry, it has been deeply engaged in the field of Webbing and binding Straps for many years and has a profound background in the research and development and production of Webbing and Tie Down Straps. The company has always been dedicated to the innovation and quality improvement of rigging products. The webbing products it produces, with their excellent durability and diverse material options, are widely used in multiple fields such as industry, outdoor activities, and logistics. From high-strength Polyester Webbing to special-purpose flame-retardant webbing, all have been demonstrated

The enterprise has strong R&D and production capabilities. While our company performs outstandingly in Ratchet Straps, Wire Rope Slings, Chain Slings and Lifting Slings, especially in the manufacturing processes of high-end ratchet straps and heavy lifting rigging, it holds a leading position in the industry. ​

According to data from market research institutions, the global webbing product market achieved a considerable revenue scale in 2024 and is expected to continue growing at a certain compound annual growth rate until 2030. With the vigorous development of the e-commerce and logistics industries, the demand for various fastening and hoisting equipment is also rising sharply. For instance, the keyword search volume for "Retractable Ratchet Straps" has soared since mid-2023. Both Amazon and Google searches have shown explosive growth, and the category sales have doubled compared to the same period last year. This trend is mainly attributed to the growth in demand for goods transportation and logistics, the rise of outdoor activities and leisure travel, as well as the promotion on social media and online sales platforms. ​

In this cooperation, both parties plan to make comprehensive efforts in research and development, production and market expansion. In terms of research and development, special funds will be invested and a joint R&D team will be formed, dedicated to enhancing the safety, durability and intelligence level of the products. For example, develop new types of high-strength Webbing materials to enhance the performance of Webbing and Tie-Down Straps in extreme environments; Optimize the automatic retraction function of Ratchet Straps to make their operation more convenient and efficient. In the production process, both parties will integrate the resources of the production base, introduce advanced production equipment and management systems, enhance production efficiency, reduce costs, and ensure that products can be supplied to the market in a timely manner. ​

In terms of market expansion, both sides will rely on their respective sales networks to jointly explore domestic and international markets. Not only will it consolidate its share in mature markets such as North America and Europe, but it will also focus on emerging markets such as Asia-Pacific, the Middle East and Africa. Based on the characteristics of different regional markets, formulate differentiated market strategies and provide customized product solutions. ​

Industry experts say that the cooperation between the two enterprises this time will have a profound impact on the industry. On the one hand, it is expected to promote the upgrading of industry standards, prompt other enterprises to increase investment in research and development, and improve product quality. On the other hand, through resource integration and the effect of scale, it is expected to lower product prices and benefit end users. With the in-depth advancement of cooperation, the hoisting and fastening equipment industry will witness a dual transformation in both technology and market, providing a more solid guarantee for the development of various application fields.
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