Market Overview:
The global automotive straps market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for automobiles, especially in developing countries such as China and India. In addition, the increasing demand for luxury cars and SUVs is also contributing to the growth of the global automotive straps market. The global automotive straps market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into polypropylene, polyester, polyamide, and others. Polypropylene is expected to account for a major share ofthe global automotive strapsmarket due its properties such as high strength-to-weight ratio and resistance against corrosion. Onthe basisofapplication ,themarketcanbe dividedinto compact cars ,mid-size cars ,SUVs luxury cars LCVs HCVs .
Product Definition:
An automotive strap is a type of strap that is used to secure cargo in the bed of a truck. They are typically made from durable materials like nylon or polyester, and they come in a variety of sizes to fit different types of trucks. Automotive straps are important for securing cargo because they keep it from shifting around during transport, which can lead to accidents or damage to the cargo.
Polypropylene:
Polypropylene (PP) straps are widely used in automotive applications for securing the load without compromising on safety. The material is considered safe to use as it meets all the regulatory standards set by authorities such as REACH, U.S. FDA and EU commission etc., which makes it a preferred choice among consumers across different regions.
The growth factor for PP straps market is driven by increasing demand from end-user industries such as construction, medical & healthcare.
Polyester:
Polyester is a man-made fiber that is produced from the polymerization of adipic acid. It has high strength, durability and abrasion resistance properties which make it suitable for use in automotive straps.
It's lightweight & easy to carry property makes it suitable for usage as an alternative to steel or alloy metal straps.
Application Insights:
The compact cars segment accounted for the largest revenue share in 2017 and is anticipated to continue its dominance over the forecast period. The growth can be attributed to increasing demand from end-users as well as rising sales of subcompact cars, such as Alto, Micra, Celerio and Vento across the globe. Straps are used in various applications including roof racks, load carriers and seat belts among others. Growing usage of vehicle accessories that offer enhanced functionality along with aesthetic appeal is expected to drive demand over the forecast period.
The mid-size car segment accounted for a significant revenue share in 2017 owing to high product demand from major markets including Brazil, China Argentina etc., where majority of vehicles sold are mid-sized ones like Cruze-, Passat-, Golf-, Jetta-, Beetle- etc. The growing preference towards leather straps due largely to their higher durability coupled with aesthetic appeal is expected fuel market growth over the next few years especially in developed regions like North America and Europe.
Regional Analysis:
Asia Pacific accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing demand for various automotive products, such as interior and exterior vehicle accessories, owing to rapid urbanization and growing population.
The presence of key automobile manufacturers including Toyota Motor Corporation; Honda Motor Co., Ltd.; Nissan Motors Ltd.; Mazda Japan Automobile Inc.; Suzuki Motor Corporation; Hyundai Mobis, Co., Ltd.; Tata Motors Limited; Isuzu Motors Ltd.; Dongfeng Motor Corp. of China; Changan Automobile Group Co., Ltd. will boost industry growth in Asia Pacific over the next eight years.
Europe was another significant market that accounted for a major share in terms of volume as well as revenue generation on account of high consumer preference towards luxury cars with advanced safety features and enhanced comfort levels during road travel along with rising demand from other segments including compact cars & mid-size cars & HCVs).
Growth Factors:
- Increasing demand for automotive straps from the transportation sector as a result of the growth in global trade and increasing production of automobiles.
- The increasing use of automotive straps in e-commerce to securely pack and transport goods, especially heavy or fragile items.
- The growing popularity of automated packaging systems, which are increasingly using automotive straps to secure packages during transit.
- Rising concerns over product safety and security, which is driving the demand for high-quality automotive straps that can ensure safe transport of goods.
- Growing investments by leading players in research and development activities to develop innovative products that can cater to the needs of different end-use industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Straps Market Research Report
By Type
Polypropylene, Polyester, Polyamide, Others
By Application
Compact Cars, Mid-Size Cars, SUVs, Luxury Cars, LCVs, HCVs
By Companies
MISC Products, Erickson Manufacturing, Maypole Ltd, Zilmont s.r.o., JUMBO-Textil GmbH & Co, Sturges Manufacturing, Damar Webbing Solutions Limited
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
219
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Straps Market Report Segments:
The global Automotive Straps market is segmented on the basis of:
Types
Polypropylene, Polyester, Polyamide, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Compact Cars, Mid-Size Cars, SUVs, Luxury Cars, LCVs, HCVs
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- MISC Products
- Erickson Manufacturing
- Maypole Ltd
- Zilmont s.r.o.
- JUMBO-Textil GmbH & Co
- Sturges Manufacturing
- Damar Webbing Solutions Limited
Highlights of The Automotive Straps Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polypropylene
- Polyester
- Polyamide
- Others
- By Application:
- Compact Cars
- Mid-Size Cars
- SUVs
- Luxury Cars
- LCVs
- HCVs
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Straps Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive straps are a type of safety restraint system that is typically used in automobiles. They are made from webbing or fabric and are attached to the vehicle's roof or dashboard. Automotive straps help to keep passengers safe during sudden movements, such as when the car crashes into another object.
Some of the key players operating in the automotive straps market are MISC Products, Erickson Manufacturing, Maypole Ltd, Zilmont s.r.o., JUMBO-Textil GmbH & Co, Sturges Manufacturing, Damar Webbing Solutions Limited.
The automotive straps market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Straps Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Straps Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Straps Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Straps Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Straps Market Size & Forecast, 2020-2028
4.5.1 Automotive Straps Market Size and Y-o-Y Growth
4.5.2 Automotive Straps Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Polypropylene
5.2.2 Polyester
5.2.3 Polyamide
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Compact Cars
6.2.2 Mid-Size Cars
6.2.3 SUVs
6.2.4 Luxury Cars
6.2.5 LCVs
6.2.6 HCVs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Straps Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Straps Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Polypropylene
9.6.2 Polyester
9.6.3 Polyamide
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Compact Cars
9.10.2 Mid-Size Cars
9.10.3 SUVs
9.10.4 Luxury Cars
9.10.5 LCVs
9.10.6 HCVs
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Polypropylene
10.6.2 Polyester
10.6.3 Polyamide
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Compact Cars
10.10.2 Mid-Size Cars
10.10.3 SUVs
10.10.4 Luxury Cars
10.10.5 LCVs
10.10.6 HCVs
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Polypropylene
11.6.2 Polyester
11.6.3 Polyamide
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Compact Cars
11.10.2 Mid-Size Cars
11.10.3 SUVs
11.10.4 Luxury Cars
11.10.5 LCVs
11.10.6 HCVs
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Polypropylene
12.6.2 Polyester
12.6.3 Polyamide
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Compact Cars
12.10.2 Mid-Size Cars
12.10.3 SUVs
12.10.4 Luxury Cars
12.10.5 LCVs
12.10.6 HCVs
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Polypropylene
13.6.2 Polyester
13.6.3 Polyamide
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Compact Cars
13.10.2 Mid-Size Cars
13.10.3 SUVs
13.10.4 Luxury Cars
13.10.5 LCVs
13.10.6 HCVs
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Straps Market: Competitive Dashboard
14.2 Global Automotive Straps Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MISC Products
14.3.2 Erickson Manufacturing
14.3.3 Maypole Ltd
14.3.4 Zilmont s.r.o.
14.3.5 JUMBO-Textil GmbH & Co
14.3.6 Sturges Manufacturing
14.3.7 Damar Webbing Solutions Limited
