Global market scale of Tie-down Straps is expected to reach 165.00 million dollars by 2022

Publisher: QYResearch

Published Date: 2018/11/28 

Tie down straps (also called ratchet straps, lashing straps or tie downs) are fasteners used to hold down cargo or equipment during transport. Tie down straps are essentially webbing that is outfitted with tie down hardware. This hardware allows the tie down strap to attach to the area surrounding the cargo or equipment, loop over the cargo or equipment, and/or attach to the cargo or equipment. It usually also includes a method of tensioning the strap, such as a ratchet.

The global market scale of Tie-down Straps was 124.75 million dollars in 2017. It is expected to reach 132.69 million dollars by 2018 and 165.00 million dollars by 2022, with the CAGR of 5.60%.  In 2017, the sales volume of Tie-down Straps is 26565 K Units.

The Major regions to produce Tie-down Straps are North America, Europe, China, which accounted for about 70 % of sales market share in total. China is the largest consumption region with a sales share of 29.14% in 2017.

Tie-down Straps industry concentration is relatively low. The leading players are Horizon Global Corporation, Keeper, Quickloader, Dolezych, Ancra International, accounting for 10.89 percent revenue market share in 2017.

Along with the development of Chinese domestic Industrial technology, Chinese Tie-down Straps has been made a lot of progress, but it also has a long way to be advanced in the world, especially in healthy and environment products. Otherwise, most of Chinese companies are rather small, compared to other countries’ companies.

The market segment by three types: Cam Straps, Over-center Lever Cam Style Straps  and Ratchet Straps. The applications of Tie-down Straps are Aircraft Transportation, Land Transportation, Individual and Other Applications. Land Transportation is the dominated application, which accounts for more than60% of total consumption

The market scale will keeps increasing in the next few years. Although sales of Tie-down Straps brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the Tie-down Straps field.

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