Market Overview:
The global vehicle 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 commercial and passenger vehicles, globally. In terms of type, the polypropylene straps segment is expected to lead the global vehicle straps market during the forecast period, owing to its properties such as high strength-to-weight ratio and resistance against corrosion. In terms of application, the passenger vehicle segment is projected to lead the global vehicle straps market during 2018–2030 due its growing demand for luxury cars and SUVs across different regions.
Product Definition:
A strap is a long, thin piece of material used to fasten things together or to restrain something. Vehicle straps are commonly used to secure a load in the bed of a pickup truck or on the roof of a vehicle. They can also be used to hold down items in the backseat or trunk. Vehicle straps are important for safety and for preventing damage to the vehicle and its contents.
Polypropylene Straps:
Polypropylene straps are widely used in the automotive industry for mounting equipment such as headrests, seat belts and sun visors on vehicle interiors. The growth of this market is attributed to factors such as growing demand from emerging economies and technological advancements in the automotive sector. In addition, increasing consumer awareness regarding safety issues is also expected to fuel market growth over the forecast period.
The global polypropylene straps market was valued at USD 1,37 billion in 2015.
Polyester Straps:
Polyester straps are widely used in the automotive industry for mounting various components on vehicle interiors. Polyester straps are available in a variety of colors, sizes and shapes to meet specific requirements. They have high tensile strength and can be easily altered or modified based on customer requirements.
The global polyester straps.
Application Insights:
The passenger vehicle application segment accounted for the largest revenue share of over 70% in 2017. The growth is attributed to the increasing sales of passenger vehicles, especially in developing countries such as India and China. Moreover, government initiatives to promote electric vehicles are expected to drive demand over the forecast period. For instance, in March 2018, France announced a plan to scrap its fleet of more than half a million diesel and gasoline-powered cars by 2025 and replace them with zero-emissions models. This initiative is expected to increase demand for vehicle straps during the forecast period.
Regional Analysis:
Asia Pacific dominated the global vehicle straps market in 2017 and is expected to continue its dominance over the next eight years. The region has been witnessing strong economic growth on account of rising disposable income, especially in China and India. Growing automotive production across key countries such as China, Japan, South Korea, India and Thailand is also anticipated to drive product demand over the forecast period.
The Asia Pacific regional market was valued at USD X billion in 2017 owing to high demand from end-use industries such as automotive.
Growth Factors:
- Increasing demand for vehicles from the transportation sector is expected to drive the growth of the vehicle straps market during the forecast period.
- The increasing trend of online shopping is projected to fuel the growth of the vehicle straps market in near future.
- Growing awareness about safety and security among consumers is anticipated to propel demand for vehicle straps in coming years.
- Rapid industrialization and urbanization across emerging economies are expected to create new opportunities for players operating in this market over next few years. 5) Stringent government regulations pertaining to safe transportation of goods are likely to boost adoption rate of vehicle straps, thereby propelling market growth during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Vehicle Straps Market Research Report
By Type
Polypropylene Straps, Polyester Straps, Polyamide Straps, Other
By Application
Passenger Vehicle, Commercial Vehicle
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Vehicle Straps Market Report Segments:
The global Vehicle Straps market is segmented on the basis of:
Types
Polypropylene Straps, Polyester Straps, Polyamide Straps, Other
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
Passenger Vehicle, Commercial Vehicle
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 Vehicle 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 Straps
- Polyester Straps
- Polyamide Straps
- Other
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- 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 Vehicle 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
- 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?
Vehicle straps are a type of safety restraint system that is typically used on vehicles. Vehicle straps are made up of a strap and buckle system, and they are used to secure a child or adult in the seat belt.
Some of the key players operating in the vehicle straps market are MISC Products, Erickson Manufacturing, Maypole Ltd, Zilmont s.r.o., JUMBO-Textil GmbH & Co, Sturges Manufacturing, Damar Webbing Solutions Limited.
The vehicle 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 Vehicle 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 Vehicle Straps Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vehicle 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 Vehicle 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 Vehicle Straps Market Size & Forecast, 2020-2028
4.5.1 Vehicle Straps Market Size and Y-o-Y Growth
4.5.2 Vehicle 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 Straps
5.2.2 Polyester Straps
5.2.3 Polyamide Straps
5.2.4 Other
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 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vehicle 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 Vehicle 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 Straps
9.6.2 Polyester Straps
9.6.3 Polyamide Straps
9.6.4 Other
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 Passenger Vehicle
9.10.2 Commercial Vehicle
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 Straps
10.6.2 Polyester Straps
10.6.3 Polyamide Straps
10.6.4 Other
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 Passenger Vehicle
10.10.2 Commercial Vehicle
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 Straps
11.6.2 Polyester Straps
11.6.3 Polyamide Straps
11.6.4 Other
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 Passenger Vehicle
11.10.2 Commercial Vehicle
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 Straps
12.6.2 Polyester Straps
12.6.3 Polyamide Straps
12.6.4 Other
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 Passenger Vehicle
12.10.2 Commercial Vehicle
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 Straps
13.6.2 Polyester Straps
13.6.3 Polyamide Straps
13.6.4 Other
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 Passenger Vehicle
13.10.2 Commercial Vehicle
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 Vehicle Straps Market: Competitive Dashboard
14.2 Global Vehicle 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
