The two giants are reshaping the new ecosystem of the hoisting and fastening equipment industry

2025,05,18

Ningbo Yinzhou Junji Rigging Co.,Ltd., a leading enterprise with 15 years of industry experience A complete technical barrier has been established in the field of Webbing and binding tape. The high modulus polyethylene webbing independently developed by the company has a tensile strength 40% higher than that of traditional materials and has passed the ISO 9001:2015 quality management system certification. It is widely used in high-end fields such as the transportation of aerospace equipment and the hoisting of wind turbine blades. Its star product, fireproof and flame-retardant binding straps, has occupied 35% of the domestic market share in petrochemical projects. The partner, RigMaster Industries, is renowned for its world-class heavy hoisting solutions. The carbon fiber composite Wire Rope Slings it produces weigh only one-third of traditional steel cables but can withstand extreme loads of 500 tons, and have irreplaceable technical advantages in fields such as deep-sea engineering and bridge construction.

Market data confirm the vigorous development of the industry. According to the report of Grand View Research, the global webbing product market size reached 12.7 billion US dollars in 2024 and is expected to continue to expand at a compound annual growth rate of 6.8% until 2030. Among them, the market for retractable ratchet belts has witnessed explosive growth: Data from the Amazon platform shows that since June 2023, the search volume for related keywords has increased by 210% year-on-year, and the annual sales have exceeded 1 billion US dollars. This growth momentum stems from multi-dimensional demands: the expansion of logistics networks in cross-border e-commerce, the rise of the camping economy driving the demand for outdoor equipment, and the dissemination of content such as "professional strapping techniques" on short-video platforms have all stimulated the terminal consumer market.

This strategic cooperation can be regarded as a milestone in the industry. At the R&D level, the two sides will jointly invest 50 million US dollars to establish a cross-border technology laboratory, focusing on solving three major technical problems: developing nano-coated webtapes suitable for polar low-temperature environments, designing Internet of Things ratchet belts with intelligent tension monitoring functions, and optimizing the fatigue life algorithm of Chain Slings. In the production process, through integration Ningbo Yinzhou Junji Rigging Co.,Ltd. The low-cost manufacturing base located in Southeast Asia and RigMaster Industries' automated production lines in Europe are expected to reduce the overall production cost by 25% and simultaneously shorten the order delivery cycle from 45 days to 28 days.

In terms of market layout, both sides plan to build a "dual circulation" strategy: in mature markets such as North America and Europe, they will launch high-end customized product portfolios to directly address the pain points of industries such as wind power operation and maintenance and shipbuilding; In the countries along the "Belt and Road", relying on localized marketing teams, one-stop solutions including installation training and after-sales maintenance are provided. It is worth noting that both sides have reached an intention agreement with a certain port group in the Middle East, which will provide a complete set of hoisting equipment for its newly-built automated terminal. The project amount exceeds 80 million US dollars.

Industry analysts point out that this cooperation will have three profound impacts: First, it will promote the update of international standards, and it is expected to give rise to 3 to 5 new ISO international standards within three years. Secondly, accelerate the industry reshuffle and force small and medium-sized enterprises to increase technological investment. Thirdly, through the scale effect, it is expected to reduce the prices of terminal products by 15% to 20%, benefiting downstream industries such as construction and logistics. With the official implementation of the cooperation between the two sides in the second quarter of 2025, the global hoisting and fastening equipment industry may witness a new round of technological revolution and market restructuring.

Author:

Mr. junjirigging

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247107742@qq.com

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+86 13957802019