Global Plastic Buckles market will reach 450.24 million US$ by the end of 2024
Published Date: 2019/8/27
Global Plastic Buckles revenue market is valued at 386.14 million USD in 2018 and is expected to reach 450.24 million USD by the end of 2024, growing at a CAGR of 2.17% between 2018 and 2024. Global Plastic Buckles sales volume market is valued at 11551.36 Million Units in 2018 and is expected to reach 14097.09 Million Units by the end of 2024, growing at a CAGR of 3.36% between 2018 and 2024.
The Asia-Pacific region is the largest market for Plastic Buckles, which accounting for 69.88% global volume market share in 2018, followed by North America, with about 10.26% market share. Asia-Pacific will keep playing important role in Global market.
The classification of Plastic Buckles includes Side Release Buckles, Center Push and Cam Buckles, etc. The proportion of Side Release Buckles in 2018 is about 66.30%, and still will occupy the largest market share in the future.
Plastic Buckles is widely used in outdoor equipment, bags & luggage, etc. The most proportion of Plastic Buckles is Outdoor, and the proportion in 2018 is 12.14%.
As downstream demand grows and technical barriers become less, there will be a huge market space for Plastic Buckles. To grab more market, the little companies have to expand the technology, capital investment and brand influence. To meet the challenge of little companies and keep their leading stage, leading companies need to increase the technology innovation and speed up the product upgrading. In the future, Plastic Buckles market will still be a market of fierce competition.
The market is not only influenced by the price, but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.
Looking to the future years, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
Despite the presence of competition problems, due to the global recovery trend is slightly, investors are still optimistic about this area; the future will still have more new investment enter the field.
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