Market Overview:
The global ratchet 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 lightweight ratchet straps in North America and Europe, owing to their low weight and easy handling characteristics. Additionally, the increasing demand for heavy-duty ratchet straps in Asia Pacific is also propelling the growth of this market.
Product Definition:
Ratchet straps are used to secure cargo in a truck or trailer. The ratcheting action of the strap keeps it tight against the load, and prevents it from slipping. Ratchet straps are important for securing cargo, because they keep it from moving around during transit, which can damage the goods and lead to accidents.
Lightweight Ratchet Straps (below 3,000kg):
Lightweight ratchet straps are used to transfer the weight of construction equipment and material handling tools from one or more stationary objects to a single shoulder. They can be used with any type of lifting device, including hydraulic rams, manual labor, and electric winches. The lightweight ratchet straps are made up of durable polyester fabric with steel wire embedded in it for better strength.
Heavy Duty Ratchet Straps (above 3,000kg):
Heavy duty ratchet straps are used in heavy-duty applications. They are manufactured from materials such as polyurethane and nylon, which makes them strong and durable. The teeth on the strap are made in such a way that they grab hold of objects with great force, making it ideal for use in heavy-duty operations.
The market is expected to grow at a significant rate owing to its wide range of applicability including construction industry, mining & excavation sector among others.
Application Insights:
Flatbed trailer was the largest application segment in 2016, accounting for over 50.0% of the total revenue share. The product is widely used in flatbed trailers to ease the loading and unloading of heavy and large objects such as machinery and vehicles. It helps in reducing stress on vehicle bodywork caused due to heavy load lifting by providing additional support to trailer walls. These products are also used for light duty moving trucks where stability is required while transporting palletized goods such as furniture or electronic equipment across various surfaces including concrete, grass, snow or ice.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of manufacturing facilities for commercial vehicles, which require heavy-duty ratchet straps for maintenance and repair activities. Moreover, increasing demand for trucks on account of rapid urbanization in developing countries such as India and China is anticipated to drive product demand over the forecast period.
The Asia Pacific market was followed by Europe, which accounted for more than 25% of total revenue share in 2017 owing to high usage rates of heavy-duty ratchet straps across major cities including Paris, London, Rome among others. In addition European countries are one of the largest consumers globally when it comes to maintaining/repairing their fleet comprising commercial vehicles including trucks & buses among other flatbeds/interior vans etc., thereby driving product sales at any given point in time.
Growth Factors:
- Increasing demand for ratchet straps in automotive and transportation industry for securing cargo during transit.
- Growing popularity of ratchet straps as an essential tool for outdoor activities such as camping, hiking, and fishing.
- Rising demand from the construction sector for restraining materials and equipment during transport or installation work.
- Increasing use of ratchet straps in industrial applications such as material handling, lifting, and rigging operations.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ratchet Straps Market Research Report
By Type
Lightweight Ratchet Straps (below 3,000kg), Heavy Duty Ratchet Straps (above 3,000kg)
By Application
Flatbed Trailers, Interior Van Trailers, Moving Trucks, Others
By Companies
Master Lock Company LLC, Cargo Equipment Corporation, Kingsway Corporation Group(Lifting Equipment Store), SmartStraps(Winston Products, LLC), Vestil Manufacturing Corp., Remington Industries(Stryder), APP Manufacturing, Quickloader, Lift-All, Damar Webbing Solutions Ltd., Lodi Metals, Inc., Rhino-Rack Pty Ltd, Hebei Shenli Rigging Group, Qingdao LG Rigging Co.,Ltd., Eastlink Rigging Co.,Ltd
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Ratchet Straps Market Report Segments:
The global Ratchet Straps market is segmented on the basis of:
Types
Lightweight Ratchet Straps (below 3,000kg), Heavy Duty Ratchet Straps (above 3,000kg)
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
Flatbed Trailers, Interior Van Trailers, Moving Trucks, 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:
- Master Lock Company LLC
- Cargo Equipment Corporation
- Kingsway Corporation Group(Lifting Equipment Store)
- SmartStraps(Winston Products, LLC)
- Vestil Manufacturing Corp.
- Remington Industries(Stryder)
- APP Manufacturing
- Quickloader
- Lift-All
- Damar Webbing Solutions Ltd.
- Lodi Metals, Inc.
- Rhino-Rack Pty Ltd
- Hebei Shenli Rigging Group
- Qingdao LG Rigging Co.,Ltd.
- Eastlink Rigging Co.,Ltd
Highlights of The Ratchet 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:
- Lightweight Ratchet Straps (below 3,000kg)
- Heavy Duty Ratchet Straps (above 3,000kg)
- By Application:
- Flatbed Trailers
- Interior Van Trailers
- Moving Trucks
- 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 Ratchet 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
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- Consumer Insights
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- 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?
Ratchet Straps are a type of strap that is often used to secure objects together. They are made from a durable material and can be easily attached or detached.
Some of the major companies in the ratchet straps market are Master Lock Company LLC, Cargo Equipment Corporation, Kingsway Corporation Group(Lifting Equipment Store), SmartStraps(Winston Products, LLC), Vestil Manufacturing Corp., Remington Industries(Stryder), APP Manufacturing, Quickloader, Lift-All, Damar Webbing Solutions Ltd., Lodi Metals, Inc., Rhino-Rack Pty Ltd, Hebei Shenli Rigging Group, Qingdao LG Rigging Co.,Ltd., Eastlink Rigging Co.,Ltd.
The ratchet straps market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ratchet Straps Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Ratchet Straps Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ratchet Straps Market - Supply Chain
4.5. Global Ratchet Straps Market Forecast
4.5.1. Ratchet Straps Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ratchet Straps Market Size (000 Units) and Y-o-Y Growth
4.5.3. Ratchet Straps Market Absolute $ Opportunity
5. Global Ratchet Straps Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Ratchet Straps Market Size and Volume Forecast by Type
5.3.1. Lightweight Ratchet Straps (below 3,000kg)
5.3.2. Heavy Duty Ratchet Straps (above 3,000kg)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Ratchet Straps Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Ratchet Straps Market Size and Volume Forecast by Application
6.3.1. Flatbed Trailers
6.3.2. Interior Van Trailers
6.3.3. Moving Trucks
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Ratchet Straps Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Ratchet Straps Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Ratchet Straps Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Ratchet Straps Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Ratchet Straps Demand Share Forecast, 2019-2026
9. North America Ratchet Straps Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Ratchet Straps Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Ratchet Straps Market Size and Volume Forecast by Application
9.4.1. Flatbed Trailers
9.4.2. Interior Van Trailers
9.4.3. Moving Trucks
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Ratchet Straps Market Size and Volume Forecast by Type
9.7.1. Lightweight Ratchet Straps (below 3,000kg)
9.7.2. Heavy Duty Ratchet Straps (above 3,000kg)
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Ratchet Straps Demand Share Forecast, 2019-2026
10. Latin America Ratchet Straps Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Ratchet Straps Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Ratchet Straps Market Size and Volume Forecast by Application
10.4.1. Flatbed Trailers
10.4.2. Interior Van Trailers
10.4.3. Moving Trucks
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Ratchet Straps Market Size and Volume Forecast by Type
10.7.1. Lightweight Ratchet Straps (below 3,000kg)
10.7.2. Heavy Duty Ratchet Straps (above 3,000kg)
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Ratchet Straps Demand Share Forecast, 2019-2026
11. Europe Ratchet Straps Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Ratchet Straps Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Ratchet Straps Market Size and Volume Forecast by Application
11.4.1. Flatbed Trailers
11.4.2. Interior Van Trailers
11.4.3. Moving Trucks
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Ratchet Straps Market Size and Volume Forecast by Type
11.7.1. Lightweight Ratchet Straps (below 3,000kg)
11.7.2. Heavy Duty Ratchet Straps (above 3,000kg)
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Ratchet Straps Demand Share, 2019-2026
12. Asia Pacific Ratchet Straps Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Ratchet Straps Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Ratchet Straps Market Size and Volume Forecast by Application
12.4.1. Flatbed Trailers
12.4.2. Interior Van Trailers
12.4.3. Moving Trucks
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Ratchet Straps Market Size and Volume Forecast by Type
12.7.1. Lightweight Ratchet Straps (below 3,000kg)
12.7.2. Heavy Duty Ratchet Straps (above 3,000kg)
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Ratchet Straps Demand Share, 2019-2026
13. Middle East & Africa Ratchet Straps Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Ratchet Straps Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Ratchet Straps Market Size and Volume Forecast by Application
13.4.1. Flatbed Trailers
13.4.2. Interior Van Trailers
13.4.3. Moving Trucks
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Ratchet Straps Market Size and Volume Forecast by Type
13.7.1. Lightweight Ratchet Straps (below 3,000kg)
13.7.2. Heavy Duty Ratchet Straps (above 3,000kg)
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Ratchet Straps Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Ratchet Straps Market: Market Share Analysis
14.2. Ratchet Straps Distributors and Customers
14.3. Ratchet Straps Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Master Lock Company LLC
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Cargo Equipment Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kingsway Corporation Group(Lifting Equipment Store)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SmartStraps(Winston Products, LLC)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Vestil Manufacturing Corp.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Remington Industries(Stryder)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. APP Manufacturing
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Quickloader
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Lift-All
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Damar Webbing Solutions Ltd.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Lodi Metals, Inc.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Rhino-Rack Pty Ltd
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Hebei Shenli Rigging Group
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Qingdao LG Rigging Co.,Ltd.
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Eastlink Rigging Co.,Ltd
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
