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Market growth, continuous innovation and application expansion

2025,08,07
Recently, the Webbing and various rigging industries have witnessed numerous new developments, making significant progress in terms of market size, product innovation, and application expansion. ​

In terms of market size, according to data from professional institutions, the Webbing market was valued at 4.2 billion US dollars in 2023 and is expected to grow from 4.4 billion US dollars in 2024 to 6.35 billion US dollars in 2032, with a compound annual growth rate of 4.7%. There are numerous factors driving this growth, such as the expansion of the global automotive manufacturing industry and the continuous increase in demand for Webbing materials in automotive seat belts, airbags and safety straps. In the military and defense sectors, due to geopolitical tensions, the demand for equipment made of advanced Webbing materials has increased. The vigorous development of outdoor sports and the sports industry has led to a more widespread use of Webbing materials in backpacks, tents, safety slings and sports goods. Meanwhile, the global Tie-Down Strap market is projected to be 190 million US dollars in 2024 and is expected to reach 300 million US dollars by 2033, with a compound annual growth rate of 5.5%. This growth is attributed to the aviation industry's strict requirements for the safety of Cargo Transportation and the continuous increase in the fixed demand for goods in the land transportation industry. ​


In terms of product innovation, major enterprises are making active efforts. In February 2025, Bally Ribbon Mills, a renowned manufacturer of nonwoven and woven fabrics, launched high-performance Kevlar woven tape and adhesive tape products, which comply with the requirements of the mil-t-87130 military specification. Kevlar braided tape made of heat-resistant synthetic fibers features High Tensile Strength and toughness, maintaining high performance and reliability in extreme environments, and is designed to enhance the safety of personnel in the military and defense fields. In May 2024, Trans-web, a professional manufacturer and supplier of safety and lifting solutions in the UK, launched two new slings and a working positioning strap in its Lite safety series. These products are made of high-strength polyester fiber braided straps.

In the application field, the application of various types of slings and rigging is constantly expanding. Chain Slings, as one of the durable and sturdy types of rigging, are often used in scenarios with high requirements for temperature and cutting tolerance, such as industrial lifting operations. At present, the common grades of chain slings in the market include grade 80, grade 100 and grade 120. Among them, grade 100 lifting chains are gradually gaining more favor from professionals due to their higher strength and lighter weight. Wire Rope Slings, with their unique structure (made by winding multiple strands of steel wire), are often used in jobs that have specific requirements for lifting capacity and flexibility. Synthetic fiber slings, such as flat webbing slings and round slings, are widely used in situations where high surface protection of lifted items is required due to their relatively soft material and light weight, such as the lifting of precision instruments and artworks. ​

With the development of the industry, Webbing and various types of slings and rigging will continue to play a key role in different fields in the future, meeting the demands of various industries for safe and efficient lifting and cargo fixation. Meanwhile, enterprises within the industry will also continue to innovate to cope with market changes and competitive challenges.
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