Vehicle Straps Market Report 2024 (Global Edition)

Global Vehicle Straps Market Report 2024 Market Size Split by Material Type (Polypropylene, Polyester, Polyamide, Others), by Elasticity Typ (Elastic, Non-Elastic), by Vehicle Type (Passenger Vehicles...

Vehicle Straps Market Report Description

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Competitive Landscape of the Vehicle Straps Market

The competitive landscape of the Vehicle Straps market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. In order to meet the demand for vehicle straps from a variety of end-use sectors, businesses are putting a strong emphasis on expanding their manufacturing capacity for polyester straps.

March 2022: Global pioneer in packaging technology, FROMM Packaging Systems, revealed the FROMM Embosser, their most recent advancement in polyester strapping. The new strapping technique offers enhanced load security and customizable branding by fusing the advantages of embossed strapping with accurate printing capabilities. (Source: https://www.fromm-pack.com/product/strapping-solutions/consumables/plastic-strapping/) March 2021: Heavy-duty 16mm woven polyester strapping is a new product that BONZOBAND Strapping Systems Ltd. has added to its line of products. To satisfy the rigorous standards of several sectors, the cutting-edge strapping solution provides increased strength and durability. (Source: https://bonzoband.co.uk/news/new-product-added-16mm-600kgs-600-metres)

Top Companies Market Share in Vehicle Straps Industry: (In no particular order of Rank)

• MISC Products
• Erickson Manufacturing
• Maypole Ltd
• Zilmont s.r.o.
• JUMBO-Textil GmbH & Co
• Sturges Manufacturing
• Damar Webbing Solutions Limited
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Vehicle Straps Market

Which Region Dominates the Vehicle Straps Market in 2024

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue. The expansion of the logistics and transportation sectors, in addition to the growing use of polyester strap for strapping solutions in the area, are all factors contributing to the market development in this region.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Vehicle Straps market. The notable surge in manufacturing endeavors around the nation draws internationally recognized corporations to establish their operational establishments in order to attain economies of scale.

The current report Scope analyzes Vehicle Straps Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Vehicle Straps

According to Cognitive Market Research, the global Vehicle Straps market size was estimated at USD XX Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Vehicle Straps market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. This is due to the fact that the growth of e-commerce platforms has raised the need for vehicle straps by increasing the shipment and delivery of items.
• The Canada Vehicle Straps market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. This is a result of expanding government laws such as The National Safety Code Standard 10, which in Canada requires that cargo be secured to trucks using tiedowns designated with a Working Load Limit (WLL).
• The Mexico Vehicle Straps market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD XX million in 2024.

Europe Vehicle Straps

According to Cognitive Market Research, the global Vehicle Straps market size was estimated at USD XX Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.

• The Germany Vehicle Straps market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period. In the Germany, the need for tie-down straps is fueled by the increasing requirement for commercial cargo planes for transportation.
• According to Cognitive Market Research, the UK Vehicle Straps market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. In UK transportation, tie-down straps are used for a number of reasons, such as cargo security and keeping objects from coming off..
• The France Vehicle Straps market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD XX million in 2024.
• The Italy Vehicle Straps market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD XX million in 2024.
• The Russia Vehicle Straps market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD XX million in 2024.
• The Spain Vehicle Straps market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD XX million in 2024
• The Luxembourg Vehicle Straps market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD XX million in 2024.
• The Portugal Vehicle Straps market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD XX million in 2024.
• The Greece Vehicle Straps market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD XX million in 2024.
• Rest of Europe's Vehicle Straps market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD XX million in 2024.

• The Germany Vehicle Straps market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period. In the Germany, the need for tie-down straps is fueled by the increasing requirement for commercial cargo planes for transportation.
• According to Cognitive Market Research, the UK Vehicle Straps market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. In UK transportation, tie-down straps are used for a number of reasons, such as cargo security and keeping objects from coming off..
• The France Vehicle Straps market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD XX million in 2024.
• The Italy Vehicle Straps market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD XX million in 2024.
• The Russia Vehicle Straps market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD XX million in 2024.
• The Spain Vehicle Straps market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD XX million in 2024
• The Luxembourg Vehicle Straps market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD XX million in 2024.
• The Portugal Vehicle Straps market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD XX million in 2024.
• The Greece Vehicle Straps market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD XX million in 2024.
• Rest of Europe's Vehicle Straps market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD XX million in 2024.

Asia Pacific Vehicle Straps

According to Cognitive Market Research, the global Vehicle Straps market size was estimated at USD XX Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031

• According to Cognitive Market Research, the China Vehicle Straps market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Vehicle Straps sales surge in China because reliable tie-down straps provide goods more safety and protection during travel.
• The Japan Vehicle Straps market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD XX million in 2024.
• The India Vehicle Straps market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. This is due to the fact that India's expanding population and rising standard of living raise demand for both passenger and commercial cars.
• The South Korea Vehicle Straps market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD XX million in 2024.
• The Australia Vehicle Straps market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD XX million in 2024.
• The South East Asia Vehicle Straps market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Asia Pacific Vehicle Straps market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD XX million in 2024.

South America Vehicle Straps

According to Cognitive Market Research, the global Vehicle Straps market size was estimated at USD XX Million out of which Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031

• According to Cognitive Market Research, the Brazil Vehicle Straps market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. This is due to the fact that urbanization, increasing disposable incomes, and Brazil's expanding economy have increased consumer demand for cars.
• Argentina Vehicle Straps market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. Growing online bussinesse in the region has let to the growth of increased carriage which needs vehicle straps for safer transportation.
• Colombia Vehicle Straps market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD XX million in 2024.
• Peru Vehicle Straps market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD XX million in 2024.
• Chile Vehicle Straps market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Latin America Vehicle Straps market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD XX million in 2024.

Middle East and Africa Vehicle Straps

P>According to Cognitive Market Research, the global Vehicle Straps market size was estimated at USD XX Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

• The GCC Countries Vehicle Straps market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD XX million in 2024. Vehicle Straps sales flourish due to the growing e-commerce sector's demand for suitable good quality vehicle straps.
• The Egypt Vehicle Straps market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD XX million in 2024.
• The South Africa Vehicle Straps market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD XX million in 2024. Vehicle Straps sales flourish in South Africa due to the focus on automation to enhance productivity and competitiveness.
• The Turkey Vehicle Straps market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD XX million in 2024.
• The Nigeria Vehicle Straps market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of MEA Vehicle Straps market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD XX million in 2024.

Vehicle Straps Market Analysis

How are Segments Performing in the Global Vehicle Straps Market?

Vehicle Straps Market Material Type Segment Analysis

According to Cognitive Market Research, Polyester stands out as the dominating category, because polyester has several great qualities, like high tensile strength, longevity, and resistance to UV rays, abrasion, and other chemicals. Polyester's ability to withstand a wide range of weather conditions makes it the perfect material for load fastening in transportation. Polyester also maintains stability and safety in a variety of weather situations since it does not expand excessively when wet.

Polypropylene emerges as the fastest-growing category in the Vehicle Straps market, because polypropylene is lightweight and water resistant, making it ideal for situations where it will be exposed to wet and aquatic conditions. Moreover, polypropylene straps are less expensive than straps composed of other materials, which makes them a desirable choice for industries where costs are a concern, such cargo handling for recreational purposes and low-cost shipping.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Vehicle Straps Industry. Request a Free Sample PDF!

Elasticity type Segment Analysis

According to Cognitive Market Research, the dominating category is Non-Elastic. Straps that are not elastic stay wide even when stretched. They stop cargo shifting and provide stability. Stronger uses and textiles with a higher weight are appropriate for woven straps. As a result, they resist deterioration while in transit. High-load situations are best suited for non-elastic straps.

The fastest-growing category in the Vehicle Straps market is Elastic. Straps with elastic may expand and regain their original form. They are able to accept different cargo sizes and forms because of their flexibility. During transit, the cargo is securely held in place by elastic straps that inhibit movement. In passenger automobiles, elastic straps are often employed to secure objects such as sporting goods and baggage.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Vehicle Straps Vehicle Type Segment Analysis

According to Cognitive Market Research, the dominating category is Commercial Vehicles. Commercial vehicles like trucks, vans, and buses need to be secured, and vehicle straps are essential for this. During transportation, these straps stop damage and load movements. Reliable straps are crucial for safety and effectiveness in commercial vehicles since they move machinery, equipment, and products.

The fastest-growing category in the Vehicle Straps market is Passenger Vehicles. Passenger vehicles are secured during transit using vehicle straps. When cars are delivered safely from producers to dealerships or between sites, these straps stop the automobiles from moving. Sedans, SUVs, hatchbacks, and other personal-use automobiles are classified as passenger vehicles.

• Passenger Vehicles
• Compact Size
• Mid-Range
• Premium
• Luxury
• Commercial Vehicles
• LCV
• HCV

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.

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