Industry innovation leads to a sudden surge in demand

2025,06,10

In core fields such as industrial manufacturing, logistics transportation and engineering construction, Webbing, Tie Down Straps, Ratchet Straps, Wire Rope Slings, Chain Slings and Lifting Slings, as key equipment for safe operation, It is continuously unleashing the growth potential of the industry through technological iteration and application expansion.

According to QYResearch data, the global strapping market size reached 166 million US dollars in 2023 and is expected to rise to 235 million US dollars by 2030, with a compound annual growth rate (CAGR) of 5.0% from 2024 to 2030. This growth trend mainly stems from the increase in global trade activity, especially the explosive growth of the e-commerce and modern logistics industries. As the core tools for fixing goods transportation, Tie-Down Straps and Ratchet Straps, with their characteristics such as rapid tightening and high load-bearing capacity, are widely used in multimodal transport scenarios such as road and air transportation, effectively ensuring the stability and safety of goods during long-distance transportation.

From the perspective of product performance, various categories of fastening and lifting equipment present differentiated competitive advantages. Webbing is mostly made of polyester fiber, which is lightweight, flexible and corrosion-resistant. It is especially suitable for the fixation and hoisting of surface-to-sensitive goods such as precision instruments and high-end furniture. For instance, in the cross-border transportation of electronic devices, special webbing with UV resistance and low elongation can significantly reduce transportation losses. Ratchet Straps, with its mechanical ratchet structure, achieves rapid and precise tension adjustment and dominates in fields such as car transportation and outdoor equipment fixation. The annual growth rate of demand for it in the US camping equipment market has exceeded 8%.

In the field of heavy hoisting, Wire Rope Slings, with their high-strength steel wire braided structure, demonstrate outstanding tensile strength and wear resistance, and are widely used in heavy-load scenarios such as bridge construction and port handling. Chain Slings, with its rigid structure and large load capacity, has become the first choice for lifting heavy objects with irregular and rough surfaces. Lifting Slings, through diverse designs such as flat belts and ring-shaped belts, take into account both portability and surface protection, and play an irreplaceable role in refined operations such as shipbuilding and semiconductor equipment installation.

In response to the upgrading of market demands, industry enterprises are accelerating technological innovation and product iteration. Environmental protection and intelligence have become the two core development directions: Some enterprises have successfully developed degradable polyester webtapes, which meet the requirements of the EU REACH regulation; Ratchet Straps products are equipped with intelligent tension sensors to monitor load data in real time and issue early warnings of abnormal forces, reducing the operation accident rate by more than 30%.

The current market competition pattern shows a diversified trend. Leading enterprises such as Horizon Global Corporation and Keeper occupy more than 35% of the global market share relying on their brand and technological advantages, while emerging enterprises focus on niche fields (such as aviation-specific lifting slings) and provide customized solutions. Achieve a differentiated breakthrough.

With the in-depth advancement of Industry 4.0 and intelligent manufacturing, fastening and lifting products will continue to evolve towards high performance, digitalization and greenness. In the future, the industry will further enhance the safety performance and operational efficiency of its products through the application of new materials and the integration of Internet of Things (iot) technologies, playing a more crucial supporting role in the global industrial chain upgrade process.

Author:

Mr. junjirigging

E-mail:

247107742@qq.com

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+86 13957802019