Market Overview:
The global synthetic slings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for synthetic slings in various end-use industries, such as engineering construction, logistics transportation, packaging, and others. Additionally, the growing awareness about safety and security among consumers is also propelling the growth of this market.
Product Definition:
A synthetic sling is a type of sling made from synthetic materials, such as nylon or polyester. Synthetic slings are often chosen for their strength and durability, making them ideal for heavy lifting applications.
Round Slings:
Round slings are used in various end-use industries such as construction, oil & gas, mining and civil engineering. The product is manufactured using synthetic fibers or monofilaments and can be customized according to the application requirements. Round slings have a circular cross-section and are available in different diameters ranging from 0.38 to 4 inches (9 to102 mm).
Web Slings:
A web sling is a device used to transfer weight from one point to another, usually from one shoulder or arm to the other. It can be used in various applications such as moving objects, carrying heavy loads and people over short distances. Web slings are most commonly made of nylon or polyester fabric with metal rings at each end that form a loop for securing around an object.
Application Insights:
The packaging application segment accounted for the largest revenue share in 2017 and is projected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to increasing use of slings in packaging applications such as food & beverages, electronics, pharmaceuticals, chemicals and other industrial products among others.
Engineering construction was the second largest application segment accounting for 20.5% of global market share in terms of volume in 2017 owing to growing usage slingscrete including bridge bearings, core support structures and deep foundation along with their derivatives such as precast concrete segments.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed significant growth in infrastructure development, which is driving up the demand for synthetic slings. In addition, rising investments in construction of new commercial buildings and industrial plants are anticipated to fuel product demand over the next eight years.
The Asia Pacific was followed by Europe with a share of 25.0% in terms of revenue owing to high demand from packaging industry for products such as corrugated boxes and bags that can withstand harsh climatic conditions such as heavy snowfall & rainfall coupled with strong wind force without causing any damage or tearing during transportation or storage activities.
In North America, UHMWPE has been witnessing rapid adoption across several industries including military & defense, automotive & transportation due to its properties such as lightweight characteristics along with excellent resistance against climatic hazards including extreme weather conditions associated with tornados/hurricanes/floods etc.
Growth Factors:
- Increasing demand from end-use industries: The global synthetic slings market is witnessing a significant growth due to the increasing demand from various end-use industries, such as construction, automotive, and manufacturing.
- Growing popularity of synthetic slings over traditional ropes and chains: Synthetic slings are gaining popularity over traditional ropes and chains due to their high strength-to-weight ratio and durability. This is expected to boost the growth of the global synthetic slings market in the coming years.
- Rising investments in infrastructure development: The growing investments in infrastructure development across the globe are fueling the demand for synthetic slings, thereby propelling the growth of this market.
- Technological advancements: The emergence of new technologies has led to innovative products being launched in the global synthetic slings market, which is further propelling its growth rate globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Synthetic Slings Market Research Report
By Type
Round Slings, Web Slings, Others
By Application
Engineering Construction, Logistics Transportation, Packaging, Others
By Companies
Slingmax, Hebezone, CROSBY, Industrial Rigging & Supply, Pro Sling & Safety Inc, LIFT-IT Manufacturing, Bishop Lifting Products, Stren-Flex, Miami Cordage, Beneca, Samson Rope, Lift-Tex Extreema, Kennedy Wire Rope & Sling Company, B/A Products Co
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Synthetic Slings Market Report Segments:
The global Synthetic Slings market is segmented on the basis of:
Types
Round Slings, Web Slings, 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
Engineering Construction, Logistics Transportation, Packaging, Others
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:
- Slingmax
- Hebezone
- CROSBY
- Industrial Rigging & Supply
- Pro Sling & Safety Inc
- LIFT-IT Manufacturing
- Bishop Lifting Products
- Stren-Flex
- Miami Cordage
- Beneca
- Samson Rope
- Lift-Tex Extreema
- Kennedy Wire Rope & Sling Company
- B/A Products Co
Highlights of The Synthetic Slings 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:
- Round Slings
- Web Slings
- Others
- By Application:
- Engineering Construction
- Logistics Transportation
- Packaging
- Others
- 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 Synthetic Slings 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Synthetic slings are a type of sling made from synthetic materials. They are often lighter and more durable than traditional slings, making them a good option for users who want an easy-to-carry sling that is also strong.
Some of the key players operating in the synthetic slings market are Slingmax, Hebezone, CROSBY, Industrial Rigging & Supply, Pro Sling & Safety Inc, LIFT-IT Manufacturing, Bishop Lifting Products, Stren-Flex, Miami Cordage, Beneca, Samson Rope, Lift-Tex Extreema, Kennedy Wire Rope & Sling Company, B/A Products Co.
The synthetic slings 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 Synthetic Slings 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 Synthetic Slings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Synthetic Slings 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 Synthetic Slings 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 Synthetic Slings Market Size & Forecast, 2018-2028
4.5.1 Synthetic Slings Market Size and Y-o-Y Growth
4.5.2 Synthetic Slings Market Absolute $ Opportunity
Chapter 5 Global Synthetic Slings 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 Synthetic Slings Market Size Forecast by Type
5.2.1 Round Slings
5.2.2 Web Slings
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Synthetic Slings 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 Synthetic Slings Market Size Forecast by Applications
6.2.1 Engineering Construction
6.2.2 Logistics Transportation
6.2.3 Packaging
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Synthetic Slings 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 Synthetic Slings 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 Synthetic Slings Analysis and Forecast
9.1 Introduction
9.2 North America Synthetic Slings 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 Synthetic Slings Market Size Forecast by Type
9.6.1 Round Slings
9.6.2 Web Slings
9.6.3 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 Synthetic Slings Market Size Forecast by Applications
9.10.1 Engineering Construction
9.10.2 Logistics Transportation
9.10.3 Packaging
9.10.4 Others
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 Synthetic Slings Analysis and Forecast
10.1 Introduction
10.2 Europe Synthetic Slings 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 Synthetic Slings Market Size Forecast by Type
10.6.1 Round Slings
10.6.2 Web Slings
10.6.3 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 Synthetic Slings Market Size Forecast by Applications
10.10.1 Engineering Construction
10.10.2 Logistics Transportation
10.10.3 Packaging
10.10.4 Others
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 Synthetic Slings Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Synthetic Slings 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 Synthetic Slings Market Size Forecast by Type
11.6.1 Round Slings
11.6.2 Web Slings
11.6.3 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 Synthetic Slings Market Size Forecast by Applications
11.10.1 Engineering Construction
11.10.2 Logistics Transportation
11.10.3 Packaging
11.10.4 Others
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 Synthetic Slings Analysis and Forecast
12.1 Introduction
12.2 Latin America Synthetic Slings 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 Synthetic Slings Market Size Forecast by Type
12.6.1 Round Slings
12.6.2 Web Slings
12.6.3 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 Synthetic Slings Market Size Forecast by Applications
12.10.1 Engineering Construction
12.10.2 Logistics Transportation
12.10.3 Packaging
12.10.4 Others
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) Synthetic Slings Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Synthetic Slings 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) Synthetic Slings Market Size Forecast by Type
13.6.1 Round Slings
13.6.2 Web Slings
13.6.3 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) Synthetic Slings Market Size Forecast by Applications
13.10.1 Engineering Construction
13.10.2 Logistics Transportation
13.10.3 Packaging
13.10.4 Others
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 Synthetic Slings Market: Competitive Dashboard
14.2 Global Synthetic Slings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Slingmax
14.3.2 Hebezone
14.3.3 CROSBY
14.3.4 Industrial Rigging & Supply
14.3.5 Pro Sling & Safety Inc
14.3.6 LIFT-IT Manufacturing
14.3.7 Bishop Lifting Products
14.3.8 Stren-Flex
14.3.9 Miami Cordage
14.3.10 Beneca
14.3.11 Samson Rope
14.3.12 Lift-Tex Extreema
14.3.13 Kennedy Wire Rope & Sling Company
14.3.14 B/A Products Co
