Home> Company News> The dual wheels of technological iteration and market expansion drive industrial upgrading

The dual wheels of technological iteration and market expansion drive industrial upgrading

2025,05,11
Cutting-edge technologies drive breakthroughs in product performance
The innovative breakthroughs in materials science have injected strong impetus into the performance improvement of hoisting and fastening equipment. In the field of Webbing products, based on the composite technology of ultra-high molecular weight polyethylene (UHMWPE) and aramid fibers, the tensile strength of the new webbing products has been increased by 65%, the elongation at break has been precisely controlled within 5%, and the load-bearing capacity per unit weight has reached three times that of traditional Polyester Webbing. The test report of the International Rigging Association (ISR) shows that the nano-coated webbing developed by a certain enterprise can still stably maintain over 92% of its initial mechanical properties in extreme temperature environments ranging from -40 ℃ to 200℃, and has been successfully applied in high-end and complex scenarios such as the hoisting of liquid cargo holds on LNG ships and the fixation of spacecraft launches. It demonstrates outstanding environmental adaptability and reliability. ​

Significant progress has also been made in the field of intelligent equipment, with remarkable achievements in the intelligent upgrade of ratchet belts and binding belts. The intelligent fastening device integrating MEMS sensors and adaptive control systems can conduct real-time dynamic monitoring and precise regulation of load changes, with a fastening force error control accuracy of ±2%. In the practical application of the China-Europe Railway Express cargo reinforcement project and Amazon's intelligent warehousing and sorting system, such equipment has reduced the accident rate of Cargo Transportation safety by 43% and increased the efficiency of loading and unloading operations by 58%, effectively promoting the industry's progress towards the Industrial Internet of Things (IIoT) era and achieving a leap from traditional mechanical operations to intelligent automation. ​

Multi-dimensional demands give rise to the expansion of the market scale
The coordinated advancement of global economic recovery and regional development strategies has led to an explosive growth in the market demand for hoisting and fastening equipment. According to authoritative data from Grand View Research, the global market size of hoisting and fastening equipment reached 32.7 billion US dollars in 2024 and is expected to continue to expand at a compound annual growth rate (CAGR) of 7.2% until 2030. Among them, infrastructure construction projects in the countries along the "Belt and Road" have been fully advanced, directly driving a 28% increase in the demand for Wire Rope Slings and Chain Slings. The construction boom of super-large projects such as offshore wind power and cross-sea Bridges has led to a 62% year-on-year increase in the purchase volume of Lifting Slings with a rated load capacity of over 500 tons, becoming an important engine for market growth. ​

The rapid development of e-commerce and smart logistics has profoundly reshaped the market pattern of light fastening equipment. According to Statista statistics, the global logistics industry's purchase of ratchet belts and strapping belts reached as high as 8.9 billion US dollars in 2024. Among them, the market share of automatic retracting ratchet belts has risen sharply from 18% in 2020 to 34% due to their advantages of convenient operation, high efficiency and safety. Sales data from cross-border e-commerce platforms show that the new type of binding straps with innovative functions such as quick fastening and luminous labels have maintained an annual sales growth rate of over 35%, becoming a key support for the upgrading and iteration of logistics equipment and demonstrating huge market potential. ​

The reconstruction of the industrial ecosystem promotes the upgrading of the competitive landscape
Facing the dual challenges of technological innovation and market transformation, the competitive landscape of the hoisting and fastening equipment industry is accelerating its differentiation. Traditional leading enterprises have consolidated their market positions through strategic mergers and acquisitions and increased investment in research and development, while emerging technology enterprises have achieved a leapfrog development by leveraging digital technologies. Ningbo Yinzhou Junji Rigging Co.,Ltd., leading webbing enterprise in China The strategic alliance reached with RigMaster Industries, a global hoisting equipment giant, can be regarded as a milestone in the development of the industry. Both sides jointly established a special research and development fund of 50 million US dollars, focusing on cutting-edge fields such as intelligent sensing technology and bionic structural design. It is planned to launch the fourth-generation Lifting Sling with AI load prediction function within three years, and simultaneously promote the revision of six international standards such as ISO 10566. This marks that the focus of industry competition is shifting from product manufacturing to the high-end direction of standard setting. ​

At present, enterprises in the industry are actively building a full-chain ecosystem of "R&D - production - service". By introducing digital twin technology to optimize the product design process, deploying MES systems to achieve flexible and intelligent production, and building a remote operation and maintenance platform to provide full life cycle services, the operational efficiency of leading enterprises has increased by 30%, and the customer response time has been shortened to 48 hours. This innovative development model not only significantly enhances the core competitiveness of enterprises, but also promotes the transformation of the industry towards service-oriented manufacturing, laying a solid foundation for the sustainable development of the industry. ​

Looking ahead, driven by the deep integration of new-generation information technologies such as artificial intelligence, new materials, and 5G, the hoisting and fastening equipment industry will continue to evolve towards intelligence, lightweighting, and greenness. With the global industrial chain being reconfigured and the further release of demands from emerging markets, the industry is expected to usher in a new round of rapid growth cycle, providing more solid and reliable support for the development of strategic industries such as high-end equipment manufacturing and modern logistics, and playing a more important role in the global industrial development process.
Ratchet Straps
Contact Us

Author:

Mr. junjirigging

Phone/WhatsApp:

+86 13957802019

Popular Products
You may also like
Related Categories

Email to this supplier

Subject:
Email:
Message:

Your message must be betwwen 20-8000 characters

We will contact you immediately

Fill in more information so that we can get in touch with you faster

Privacy statement: Your privacy is very important to Us. Our company promises not to disclose your personal information to any external company with out your explicit permission.

Send